Oil major Shell has signed an agreement with Udenna Corporation’s subsidiary for the sale of its 100 per cent shareholding in Shell’s arm in the Philippines.
Maersk Drilling has added hundreds of millions to its contract backlog, its largest quarterly backlog addition since 2017.
Nordic infrastructure fund Infranode has signed an agreement with Yilport Oslo, a subsidiary of Yilport Holding, supporting Oslo Port’s effort to become the first fossil-free port in the world.
Hydra Subsea, part of Hydra Offshore Construction, has acquired the deep-water DP2 multi-purpose construction vessel Subsea Responder IV. Subsea Responder IV, previously named URF Challenger and DMT Emerald, is a US-built Jones Act-compliant vessel with dual internal work-class remotely operated veh
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) reported a net loss for the first quarter of 2021, reversing from last year’s profit amid lower than expected order intake. DSME said that the net loss for the first quarter was KRW 234 billion ($207 million), against a profit
Offshore drilling contractor Seadrill Limited has won over $400 million in new deals during the first quarter of 2021 bringing the company’s total backlog to $2.1 billion.
Bulk shipping company Genco Shipping & Trading Limited has inked a deal to acquire two 2022-built 61,000 dwt Ultramax vessels to be constructed at Dalian Cosco KHI Ship Engineering (DACKS). The shipowner did not reveal the price tag of the two newbuilds. The vessels are expected to be delivered to G
French major Total has secured a five-year LNG sale and purchase deal with ArcelorMittal Nippon Steel, a joint venture between ArcelorMittal (60 per cent) and Nippon Steel (40 per cent).
Oil and gas company Wintershall Dea has made a gas/condensate and oil discovery near the Dvalin field in the Norwegian Sea.
Offshore drilling contractor Valaris has been awarded a contract for one of its jack-up rigs in the U.S. Gulf of Mexico.
German marine energy start-up SINN Power has opened an office in the Americas and appointed three new members to its team.
Search and rescue efforts continue for workers who went missing after cyclone Tauktae hit a barge working off the coast of Mumbai, India.
The Polish government has allocated more than € 4 billion for offshore wind, port development, and hydrogen production and distribution in its National Reconstruction Plan (KPO). The KPO has been adopted by the Council of Ministers and submitted to the European Commission through which Poland will t
Finland-based provider of auxiliary wind propulsion systems Norsepower has partnered with UK’s ship management company Newport Shipping (NS) to become wind propulsion provider within NS digital platform created for shipowners planning retrofit projects.
