Business & Finance
Shell to ditch dual share structure and Royal designation to speed up transition
Royal Dutch Shell will simplify its share structure and remove the Royal designation from its name to speed up its transition.
FAR puts Gambian drilling campaign into motion
Australia’s FAR Limited has successfully spudded the Bambo-1 exploration well, offshore The Gambia.
QSL 1st Canadian maritime company to join UN Global Compact
North America’s port operator QSL has become the very first Canadian maritime company to adhere to the United Nations Global Compact, the world’s largest corporate sustainability initiative.
Yinson to supply FPSO to Petrobras in a $5.2 billion deal
Petrobras has signed a Letter of Intent with Yinson for the chartering and provision of FPSO services for the Jubarte field offshore Brazil.
GEV to fast-track new green hydrogen project with fresh capital
Australian energy company Global Energy Ventures (GEV) has received firm commitments to raise $10 million via a share placement to accelerate the development of a new green hydrogen export project located on the Tiwi Islands, Australia.
RWE to invest €50 billion in renewables, green hydrogen, energy storage
RWE will invest €50 billion gross in offshore wind and other renewables, hydrogen, flexible generation and batteries until 2030, by which time the company plans to double its portfolio to 50 GW from the previously planned 25 GW. In offshore wind, the company intends to triple its capacity from 2.4 G
Woodside sells 2nd Pluto LNG train stake to GIP
Australian energy major Woodside has entered into a sale and purchase agreement with Global Infrastructure Partners (GIP) for the sale of a 49 per cent interest of the second train at its Pluto LNG export facility.
Boskalis divesting harbour towage activities in Singapore and Malaysia
Dutch dredging and maritime company Boskalis and its co-shareholder KS Investments (Keppel) have signed an agreement relating to the sale of their harbour towage activities in Singapore and Malaysia.
EnerMech inks long-term contract with TAQA for North Sea services
EnerMech has secured a five-year contract with TAQA to support its UK Continental Shelf (UKCS) portfolio in the North Sea.
Embracing sustainability, US gov’t makes ‘biggest ever’ investment in ports
The Biden-Harris Administration has passed new legislation as part of which billions of dollars will be invested in US port infrastructure and waterways.
New alliance launched at COP26 aims to set an end date for oil and gas production
A new global alliance has been announced during the COP26 summit in Glasgow, aiming to seek a managed phase-out of oil and gas production.
Mystery buyer takes possession of Solstad vessel
Solstad Rederi, a subsidiary of the offshore vessel owner Solstad Offshore, has sold one of its vessels to an undisclosed buyer.
Höegh Autoliners raising money to fund ammonia-ready ships
Norwegian RoRo shipping company Höegh Autoliners has decided to launch a private placement of new shares and list the company’s shares on Euronext Growth Oslo in order to accelerate decarbonization investments. As informed, the private placement is expected to raise gross proceeds in the region of N
Norwegian player to hop on the CCS bandwagon
Lime Petroleum has inked a deal with Nautilus Carbon Services to take part in a carbon capture and storage (CCS) project in Norway.