Activist firm Engine No. 1 has named directors it wants shareholders to remove from the board of directors of ExxonMobil at the oil major’s upcoming annual general meeting.
The offshore wind brought the most revenue to Van Oord in 2020, surpassing for the first time the company’s Dredging business. Van Oord recorded € 632 million in revenue at its Offshore Wind business in 2020, a 10.7 per cent increase compared to € 571 million reported in 2019. The division’s operati
Swift Drilling has been awarded a long-term contract by Wintershall Noordzee to perform a plug and abandonment campaign in the Dutch and German North Sea.
Sif Holding has finalised the takeover of KCI the engineers from Royal IHC, as announced in December 2020, when the companies inked the initial agreement for Sif’s acquisition of the Dutch engineering consultancy company. Financial details of the acquisition have been left undisclosed. KCI, which ba
Ardmore Shipping Corporation has signed a Letter of Intent with Element 1 Corp. and Maritime Partners to establish a joint venture that would deliver E1’s methanol-to-hydrogen technology to the marine sector. Oregon-based E1 has developed advanced hydrogen generation systems used to power fuel cells
Onshore-focused exploration and production company Union Jack Oil has acquired a royalty interest in revenues generated from three fields in the Central North Sea.
U.S. offshore support vessel operator Tidewater has promoted two key members of the company’s executive team, Sam R. Rubio and David E. Darling.
Oilfield services provider Petrofac has been suspended by UEA’s oil and gas giant ADNOC from competing for new contract awards until further notice.
South Korean shipbuilding heavyweight Korea Shipbuilding & Offshore Engineering (KSOE) has won orders for a total of seven ships worth KRW 691 billion ($609 million). The announced deals will see Hyundai Samho Heavy Industries, KSOE’s shipbuilding arm, build three very large gas carriers (VLGCs) wor
UK’s petroleum regulator, the Oil and Gas Authority, has outlined how the oil and gas industry should work to reduce greenhouse gas emissions.
Denmark has joined as a co-sponsor of the proposal to create a $5 billion International Maritime Research and Development Board (IMRB) was submitted to the UN’s International Maritime Organisation (IMO). The proposal was submitted on the 10th of March 2021 by Georgia, Greece, Japan, Liberia, Malta,
Saudi Arabia’s national shipping carrier Bahri said that its business unit Bahri Chemicals has concluded a long-term time charter deal with Dubai-headquartered United Arab Chemical Carriers Limited (UACC). As part of the deal, nine UACC IMO2 medium range (MR) chemical tankers will join Bahri Chemica
Vår Energi has received consent from the Norwegian offshore authority to use the subsea facilities on the Marulk field beyond their original operating life.
The Danish Energy Agency has published a discussion paper on the procurement framework for the commercial co-ownership of the Energy Island in the North Sea. The discussion paper contains a number of themes and questions that are relevant to the procurement framework for co-ownership of the Energy I
