Aramco has completed the sale of a 49 per cent stake in the newly formed Aramco Oil Pipelines for $12.4 billion to an international investor consortium led by the U.S.-headquartered EIG. Aramco continues to hold a 51 per cent majority stake in the subsidiary and retains full ownership and operationa
U.S.-based marine energy company Ocean Power Technologies (OPT) has appointed new president and chief executive officer, along with other executive management changes.
Singapore’s Dyna-Mac has secured additional work scope from existing customers, for a total provisional contract sum of about $6 million.
Ocean Energy Europe has presented the European Commission with a study that outlines the financial, technical and regulatory aspects of 17 wave and tidal projects that could hit the waters by the end of 2025, with recommendations for action at the EU level to ensure their delivery.
Energy supermajor ExxonMobil is preparing to reduce its U.S. offices headcount by up to 10 per cent annually for the next three to five years.
Monaco-based bulker owner Safe Bulkers has entered into a credit facility of $70 million with a five-year tenor.
Swedish company Waves4Power has formed a strategic alliance with U.S.-based clean charging technology developer EnergyTwo to harness solar, wave power and energy storage to meet the increased demand for electrification and on-site charging for clean electric machines.
Sakhalin Energy has completed the planned shutdown at the largest oil and gas production platform of the Sakhalin-2 project in Russia.
Norwegian RoRo shipping company Höegh Autoliners is considering a potential listing as it scales up green vessel investment plans as part of its decarbonization efforts. Namely, Höegh intends to invest in up to 12 Aurora class multi-fuel and ammonia ready vessels designed with a 9,100 car equivalent
Oil and gas company TAQA has filed its decommissioning programme for the Cormorant Alpha platform topsides to the UK authorities.
Expertise and experience will be crucial as industry gears up to meet the challenges of the post-COP26 economy, writes Ian Thomas, Principal Consultant at Vysus Group.
A German airport operator has closed a tender call looking to procure electricity produced by offshore wind turbines in the country. While the latest tender notice shows that the procedure ended without an awarded contract, a recent update from the company said that the award procedure was in progre
The owners of the Ever Given containership, which has been detained in Egypt since April, have submitted a new compensation proposal to the Suez Canal Authority (SCA) to settle damages caused by the ship’s infamous March grounding. The 20,000 TEU, Panama-flagged, boxship is owned by Japanese company
China National Petroleum International Corporation (CNPC) has inked a deal on the construction of three LNG carriers with Hudong Zhonghua Shipbuilding (Group), a subsidiary of China State Shipbuilding Corporation. Under the terms of the memorandum on construction, the vessels will boast the fourth-g
