Nordic infrastructure fund Infranode is preparing an investment of up to kr. 1 billion (circa €134 million) for new infrastructure facilities at the Danish port of Esbjerg which will be used for the offshore wind industry. The investment will go into port facilities for storage, preassembly and manu
Classification society ClassNK has granted AIP to NYK Line and its group company MTI Co., Ltd. for their joint project on the concept design of an autonomous ship framework.
U.S. offshore vessel operator Hornbeck Offshore Services has launched a solicitation of votes from its lenders and unsecured noteholders in support of a prepackaged Chapter 11 plan of reorganization.
Shelf Drilling booked a loss of $185 million in the first quarter of 2020 due to rig impairment charges and is taking actions to reduce costs and preserve liquidity amid challenging market situation.
The government of Australia’s state of Queensland is ramping up efforts to boost local natural gas supply by opening new land for gas exploration. Queensland is unlocking more than 6700 square kilometres of gas exploration acreage in 12 parcels located in the Bowen and Surat Basins. The land is loca
Work has commenced on the onshore sites of the Moray East offshore wind project in Scotland after a break due to the coronavirus crisis. At the end of March, Moray Offshore Windfarm (East) Ltd announced the demobilization of work at the project’s onshore sites, including the new underground cable an
The future of Prosafe’s contract for the Safe Zephyrus flotel with Shell is uncertain following Shell’s decision not to perform its previously planned work at the Shearwater field this year.
UAE-based Mubadala Petroleum has decided to drill, complete, and put on production three wells in the Manora field in the Gulf of Thailand.
The London-based Baltic Exchange has launched a tool to provide quarterly assessments on the cost of operating liquefied natural gas and liquefied petroleum gas tankers. The Baltic Exchange said in a statement that data will be provided by independent third-party ship management companies. These com
The Novatek-operated Yamal LNG export project in the Russian Arctic will close two production units as of next week as part of planned maintenance. Yamal LNG said in a statement on Wednesday it will shut the second and third LNG train for 12 days each from 21 May to 15 June 2020. In addition to [&he
A joint venture led by Italy’s Saipem has secured a $4 billion engineering, procurement and construction contract for Nigeria LNG’s seventh production unit at its Bonny Island plant. Saipem has a 60 per cent stake in the venture that includes South Korea’s Daewoo E&C and Chiyoda of Japan. This award
Yard workforce employed by Singapore’s offshore builder Sembcorp Marine has been reduced from 20,000 to only 850 workers following movement restriction measures implemented due to the coronavirus pandemic.
Due to the limited impacted of the COVID-19 outbreak during the first quarter of 2020, offshore drilling contractor Odfjell Drilling was able to post a higher profit than in the first quarter of 2019.
The Norwegian Government has proposed to increase funding for mapping of seabed minerals and knowledge building. In its revised National Budget for 2020, Norway is looking to boost its previous funding from 70 to close to 140 million Norwegian kroner. Tina Bru, Norwegian Minister of Petroleum and En
