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Novatek wraps up first ISO container LNG delivery to China
Business & Finance

Novatek wraps up first ISO container LNG delivery to China

Russia’s largest independent natural gas producer and LNG operator, Novatek, completed its first trial delivery of LNG to China in ISO containers.

about 5 years ago
MHI invests in South Australia's green hydrogen and green ammonia developer
Business & Finance

MHI invests in South Australia’s green hydrogen and green ammonia developer

Mitsubishi Heavy Industries has agreed to make a capital investment in green hydrogen and green ammonia projects developer in South Australia, H2U Investments.

about 5 years ago
Illustraton; Source: Santos
Business & Finance

Santos set to reach net-zero decade earlier

Australian energy major Santos has announced its new ambitious emissions reduction targets which will culminate in reaching net-zero by 2040.

about 5 years ago
Illustration; Photo by: Zoran Tarade (used under permission from photographer)
Business & Finance

Providence inks Barryroe farm-out deal with SpotOn

Irish oil and gas exploration company Providence Resources has signed a farm-out deal with SpotOn Energy for the offshore block in Ireland containing the Barryroe oil and gas discovery.

about 5 years ago
Liza FPSO operating for ExxonMobil off Guyana
Business & Finance

ExxonMobil to write off up to $20 billion of assets in its biggest impairment ever

ExxonMobil will be taking an impairment charge of up to $20 billion in 4Q 2020 after removing certain dry gas assets from its development plan.

about 5 years ago
Cygnus Alpha; Source: Neptune Energy
Business & Finance

Neptune awards three-year water treatment deal to Separo

Solids control, hazardous waste stream, and wastewater expert Separo has been awarded a three-year contract for the provision of produced water treatment services from Neptune Energy.

about 5 years ago
An image of an offshore wind farm, aerial view
Business & Finance

Australia: Victoria sets massive budget for offshore wind, green hydrogen

The government of Australia’s state of Victoria is pouring the first AUD 108 million (around € 67 million) from its clean energy 2020/21 budget into the first steps toward bringing new renewable energy and hydrogen projects, such as the country’s first offshore wind farm, to realisation. The funds w

about 5 years ago
Illustration; Source: ExxonMobil BHP
Business & Finance

ExxonMobil opts out of Bass Strait assets sale

U.S. oil and gas major ExxonMobil has called off the potential multibillion-dollar sale of its assets in Australia’s Bass Strait.

about 5 years ago
DSME Big Blue statue
Business & Finance

DSME fined $13.8 million for unfair treatment of subcontractors

The Korea Fair Trade Commission has fined Daewoo Shipbuilding and Marine Engineering (DSME) for unfair treatment of subcontractors by assigning low contract prices that were below labour cost. The Korean shipbuilding major has been hit with a KRW 15.3 billion ($13.8 million) fine. The fine relates t

about 5 years ago
Illustration; Source: Eco Atlantic
Business & Finance

Eco Atlantic lands reissued licences offshore Namibia

Oil firm Eco Atlantic Oil & Gas has successfully negotiated the reissuance of its four licences in the Walvis Basin offshore Namibia conditional to customary final government signature.

about 5 years ago
Sea Lions; Source: WWF
Business & Finance

Sea Lion farm-in extended to enable Premier-Chrysaor merger

Rockhopper Exploration and Premier Oil have agreed to extend the exclusivity period for Navitas Petroleum’s farm-in to the Sea Lion project located offshore the Falkland Islands.

about 5 years ago
Borr Drilling rigs
Business & Finance

Borr Drilling faces challenging financial situation amid payment delays in Mexico

Borr Drilling is facing a very challenging financial situation amid a difficult market environment combined with payment delays from Pemex in Mexico.

about 5 years ago
Steen Brodsgaard Lund, Incoming CEO, RightShip,
Business & Finance

RightShip appoints new CEO

Maritime risk management agency RightShip has appointed Steen Brodsgaard Lund as the company’s new Chief Executive Officer (CEO). Steen joins the organisation to succeed Martin Crawford-Brunt, who will be departing RightShip on December 18th, 2020. Throughout his three years in charge, Martin has ad

about 5 years ago
Imabari Logger
Business & Finance

Pacific Basin expands fleet with four scrubber-fitted Ultramaxes

Dry bulk shipping company Pacific Basin has bought four second-hand Ultramax vessels for a total of $67 million. The Hong Kong-based shipowner said that the purchase would be funded by its cash reserves. The four sister vessels each have cargo carrying capacities of over 61,000 dwt and are Kawasaki

about 5 years ago
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