Norwegian HitecVision and compatriot Agder Energi are teaming up to develop new companies for the coming energy transition.
German liner company Hapag-Lloyd has concluded two green financial deals worth a total of $889 million. The financing will be used for six ultra-large 23,500 TEU container ships, which were ordered in December 2020. The company said that the two deals include debut transactions according to the Gree
RenewableUK has welcomed the selection of preferred bidders at the Crown Estate’s Offshore Wind Leasing Round 4, but warned about the effect of the option fees on developers and, ultimately, consumers. The Crown Estate has selected six projects that will now move to the next stage of the process, wh
Offshore drilling contractor Valaris is one step closer to emerging from the Chapter 11 process following an agreement with lenders.
Over a hundred workers are left stranded off the coast of Myanmar after a military coup in the country last week and Petronas is helping them.
Drilling of high-impact wells in 2020 suffered at the hands of the pandemic, but the overall results were nevertheless positive, Rystad Energy reveals.
BP’s giant Argos floating production unit, built for the Mad Dog 2 project by Samsung Heavy, last week sailed away from a South Korean yard to Texas.
Brazilian oil and gas company PetroRio has completed the acquisition of the 30 per cent interest in Frade field from compatriot state-owned company Petrobras.
Japanese shipping major NYK has signed a sustainability-linked loan agreement worth $50 million with the compatriot Shiga Bank. This is the first sustainability linked loan contract denominated in a foreign currency to be inked in Japan, and the second one for NYK following the signing of a yen-deno
Amazon has signed an agreement with Shell Energy Europe to offtake renewable power from the subsidy-free Hollandse Kust Noord offshore wind farm being constructed in the Netherlands. Starting in 2024, Amazon will offtake a total of 380 MW from the wind farm, 250 MW from Shell and 130 MW from Eneco.
Qatar’s Nakilat, the world’s largest LNG shipper, reported its highest profit since inception.
Bahamas Petroleum Company has encountered hydrocarbons at its Perseverance #1 well off The Bahamas, but the volumes of oil encountered are not commercial.
Offshore drilling contractor Seadrill Limited has been forced to file Chapter 11 cases for several of its wholly-owned subsidiaries in Asia.
Maersk Drilling has secured a contract from Korea National Oil Corporation (KNOC) for the drillship Maersk Viking to drill offshore South Korea.
