Business & Finance
Hapag-Lloyd enjoys earnings momentum, appoints first-ever female CIO
German container shipping company Hapag-Lloyd wrapped up the first nine months of this year with significantly higher earnings than in the corresponding period last year.
Triangle cuts down decommissioning cost for Cliff Head
Triangle Energy has reduced the estimated cost of decommissioning of the Cliff Head field related infrastructure by nearly AU$11 million.
Prysmian buys Swiss fiber optic monitoring provider
Italian cabling giant Prysmian Group has completed the acquisition of Switzerland-based fiber optic monitoring solutions provider Omnisens.
Teekay LNG Partners tops off Norwegian bond offer
Teekay LNG Partners, one of the world’s largest owners of LNG carriers, has priced NOK 1,000 million ($115,194) in new senior unsecured bonds that mature in November 2026 in the Norwegian bond market.
Neptune getting rid of non-core assets in Norway
Neptune Energy will divest its non-operated working interests in three producing fields and two export pipelines in Norway.
Vietnamese player completes first phase of TGT infill development drilling
HLJOC has completed the first phase of the TGT field infill development drilling programme offshore Vietnam.
Draft COP26 deal calls for phasing out fossil fuels subsidies as U.S. and China tie up for climate action
As the final day of the COP26 conference is approaching, the pressure to end the era of fossil fuels is mounting and all eyes are on Glasgow.
Sembcorp Marine integrates hull and topsides for Shell’s deepwater project
Sembcorp Marine has completed the integration of topside with a hull for the Vito FPU, which will be working in the Gulf of Mexico for Shell.
Siem Dorado to begin 2022 with offshore wind gig
Norwegian subsea shipping company Siem Offshore has secured a contract for its multi-purpose support vessel (MPSV) Siem Dorado at a new offshore wind farm.
GES to prepare existing Rotterdam terminal for low-carbon future
Singapore-based storage terminals operator Global Energy Storage (GES), which launched in May this year, has unveiled its first major investment at Europoort in the Port of Rotterdam, the Netherlands.
Empyrean executes drilling contract with COSL ahead of December spud
Empyrean Energy and COSL have executed the integrated drilling contract for the drilling of the Jade exploration well offshore China.
Chevron invests in Australian lower-carbon projects
The Australian unit of US oil major Chevron, the operator of the Gorgon LNG project, will invest $29 million (AUD$40 million) investment in Western Australian lower-carbon projects.
AYRO wins EMFF grant to boost its wingsail tech
French wind propulsion specialist AYRO has received a grant from the European Maritime and Fisheries Fund (EMFF) for its wingsail project WINNEW.
AqualisBraemar LOC buys ship design business from Damen
Energy and marine consultancy AqualisBraemar LOC will acquire the UK operations of ship design and marine consultancy company OSD-IMT from Damen shipyards.