South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) revealed a contract termination for six containerships worth $711 million. The contract was won in December last year from an undisclosed owner from Africa. The containerships were scheduled for delivery by the end of October 2022. Accord
Polish state-owned utility TAURON has signed an agreement with the joint venture of EDP Renováveis and Engie to cooperate on offshore wind projects in the Baltic Sea. Under the bilateral agreement, the plan is that TAURON acquires a 50% share in the joint venture, whose portfolio includes wind farm
Brazilian oil major Petrobras has decided to transfer its commercial activities from London to the Port of Rotterdam in the Netherlands.
The Kitty Hawk offshore wind farm can be expected to deliver substantial economic growth and employment to Virginia and North Carolina, according to the project’s economic impact study (EIS), with nearly 1,000 jobs to be created once the wind farm is operational. Along with the USD 2 billion in econ
Oil and gas firm Energean has entered into an agreement to buy Kerogen’s 30 per cent shareholding in Energean Israel, resulting in Energean owning a 100 per cent stake in the company.
Brazilian state-run oil company Petrobras has received $44.65 million in a settlement with Swiss energy trading firm Vitol, which was implicated in a sprawling national corruption probe.
Offshore driller Awilco Drilling has terminated its offshore rig construction order with Singapore’s Keppel due to a “breach of contract“ and is seeking a refund.
Chinese shipbuilder Yangzijiang Shipbuilding Group has won a contract to build two 24,000 TEU ultra large containerships, the world’s largest boxships and the largest containerships to be built by the yard. The ships, being built for an unnamed owner, will feature optimized hull designs, high-effici
Transmission system operators (TSOs) of the Baltic Sea region have agreed to strengthen their cooperation for the future of offshore grid in the Baltic Sea. The aim of the Baltic Offshore Grid Initiative is to develop common planning principles for the offshore energy network, enable the considerati
Seattle-based wave energy developer Oscilla Power has launched additional crowdfunding campaign on MicroVentures platform to advance the construction of full-scale Triton-C wave energy system.
Romanian oil and gas company OMV Petrom has sold its onshore oilfields in Kazakhstan to focus on its portfolio in the Black Sea region.
Cruise ships without passengers are coming to the Port of Los Angeles in rising numbers as cruise liners turn hopes to the long-awaited resumption of cruising in the U.S. waters. The cruise ships are coming to the port to refuel and restock supplies as a prerequisite to meet federal regulations in o
Oil major Shell has completed a 50 per cent stake acquisition in three Colombian deepwater oil and gas blocks from Ecopetrol.
Dubai-based port operator DP World has been chosen as the preferred bidder to start discussions with the Government of Angola for a 20-year concession and operation of the Multipurpose Terminal (MPT) at the Port of Luanda.
