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Business Developments & Projects

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NYSE listing warning for Vaalco Energy
Business Developments & Projects

NYSE listing warning for Vaalco Energy

Houston-based oil and gas company Vaalco Energy has received a continued listing warning from the New York Stock Exchange (NYSE).

about 6 years ago
TOP Ships
Business Developments & Projects

TOP Ships buys 50 pct stakes in two product tanker newbuilds

Greek tanker owner and operator TOP Ships has acquired a 50 per cent interest in two companies that own two ultra-high specification scrubber-fitted 50,000 dwt eco MR product tanker newbuilds.

about 6 years ago
Two new faces to join board of UK’s oil and gas regulator
Business Developments & Projects

Two new faces to join board of UK’s oil and gas regulator

The UK’s oil and gas industry regulator, Oil and Gas Authority (OGA), has named two new non-executive directors to its board of directors.

about 6 years ago
Cosco, CNPC to order LNG carrier trio at Hudong
Business Developments & Projects

Cosco, CNPC to order LNG carrier trio at Hudong

A joint venture consisting of Chinese shipowner Cosco and energy giant CNPC is to order three liquefied natural gas carriers at Hudong Zhonghua Shipbuilding. The price for each of the 174,000 cubic meter LNG carriers is $185 million, according to a statement by Cosco Shipping Energy Transportation.

about 6 years ago
Liqvis opens Kassel LNG filling station
Business Developments & Projects

Liqvis opens Kassel LNG filling station

Uniper’s unit Liqvis has opened its second permanent liquefied natural gas (LNG) filling station in Kassel.

about 6 years ago
Eni posts $3 billion loss, lowers production target due to capex cuts
Business Developments & Projects

Eni posts $3 billion loss, lowers production target due to capex cuts

Eni booked a net loss of over $3 billion in the first quarter of the year due to the overlapping effects of the coronavirus pandemic and the oil price collapse.

about 6 years ago
UK presents support package to protect its ferry routes
Business Developments & Projects

UK presents support package to protect its ferry routes

The United Kingdom government has introduced a multimillion-pound coronavirus support package to keep the flow of goods and services running smoothly in and out of the UK, and around the country, throughout the pandemic.

about 6 years ago
SMEC
Business Developments & Projects

SMEC lands 700 kW tidal demo permit in Canada

Nova Scotia Energy and Mines has issued a tidal energy demonstration permit to Sustainable Marine Energy Canada (SMEC) for a 700 kW project in the Bay of Fundy. The permit is valid for a period of five years. The project will begin with the connection of the PLAT-I 4.63 tidal energy platform to the

about 6 years ago
A photo showing sea and two offshore wind turbines on the right
Business Developments & Projects

New York to procure up to 2.5 GW of offshore wind in 2020

The New York Public Service Commission (PSC) authorised the state’s Energy Research and Development Authority (NYSERDA) to issue a solicitation for 1,000 MW or more of offshore wind capacity in 2020. The authorisation comes with the flexibility for NYSERDA to evaluate a range of bids for up to 2,500

about 6 years ago
Perenco files decommissioning plan for four Amethyst topsides
Business Developments & Projects

Perenco files decommissioning plan for four Amethyst topsides

Oil and gas company Perenco has submitted its draft decommissioning programs for four Amethyst gas field topsides to the UK authorities.

about 6 years ago
Seabed Geosolutions puts Eidesvik’s vessel on standby
Business Developments & Projects

Seabed Geosolutions puts Eidesvik’s vessel on standby

Eidesvik Offshore and Seabed Geosolutions have agreed to amend the contract for the node-handling vessel Subsea Viking, putting it on standby.

about 6 years ago
Bleo Holm FPSO
Business Developments & Projects

i3 Energy in talks with noteholders to waive condition for Liberator funding

i3 Energy is in talks with its noteholders to waive its previously agreed condition, requiring it to enter into a lending facility or find alternative means to fund its Liberator development by the end of April.

about 6 years ago
Milaha
Business Developments & Projects

Tankers, gas carriers boost Milaha’s bottom line

Milah closed the first quarter of this year with a slight increase in its net income, driven by higher earnings of the company’s tanker and gas carrier business.

about 6 years ago
Maersk Resolve drilling rig
Business Developments & Projects

Maersk Drilling to reduce offshore crew as North Sea rigs go into stack mode

Maersk Drilling has decided to stack a number of its North Sea drilling rigs to adapt to the changing market environment.

about 6 years ago
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