Swedish oil company Lundin Energy has named a new president and chief executive officer (CEO) effective as of 1 January 2021.
Norway-based Flex LNG logged a net loss of $6.7 million in the second quarter as the Covid-19 pandemic continues to affect the shipping market. The net loss grew when compared to $3.9 million last year but shrank looking at the previous quarter when the firm logged a $14.9 million loss. Vessel opera
Malaysia’s services provider to the oil and gas industry Dayang has won a contract with Shell in Malaysia for the provision of “topside major maintenance services.”
Norwegian oil major Equinor has chosen to use Odfjell Drilling’s Deepsea Atlantic semi-submersible drilling rig offshore Norway.
The Port of Cortlandt project, developed by a consortium led by AKRF Inc. and pre-qualified for bidding at the State of New York’s latest offshore wind solicitation, has released more details on the plans to utilise a waterfont site in the Town of Cortlandt for offshore wind activities. In July, New
Energy giant BHP has revealed plans to sell its 50 per cent stake in the Bass Strait oil and gas venture to enable focusing on higher-value petroleum assets.
US company NextDecade has received approval from federal regulators to ditch one train from its proposed Rio Grande LNG export plant in Texas. The original design for Rio Grande LNG included six trains each capable of producing 4.5 million tonnes per year. However, NextDecade announced in July it wo
Wave energy technology pioneer, Bombora, has recruited Rembrandt Niessen as chief commercial officer and James Thadchanamoorthy as chief financial officer. The Pembroke Dock based marine energy company is strengthening its team to bolster in-house commercial capability, resource, and focus. With the
Norwegian offshore shipping company Island Offshore has awarded a contract to Kongsberg Maritime to supply turnkey hybrid battery solutions for three of its platform supply vessels.
India’s biggest LNG importer Petronet reported a drop in net profit due to lower demand in the country caused by the Covid-19 lockdown. Net profit after tax stood at 5.2 billion rupees ($69.5 million) in the first quarter of the 2020-21 fiscal, compared to 5.6 billion rupees last year. Revenues drop
Dry bulk shipping major Golden Ocean Group Limited (GOGL) has become a member of the Getting to Zero Coalition, a powerful industry alliance committed to accelerating maritime shipping’s decarbonization. The ambition of the coalition, which has over 110 company members, is to have commercially viabl
The world’s largest cruise shipping company Carnival Corporation has fallen victim to a ransomware attack on August 15, the company said in a regulatory filing. The attack accessed and encrypted a portion of one brand’s information technology systems, and included the download of certain of the comp
Qatari North Oil Company (NOC) has extended drilling contracts for a Japanese jack-up rig duo at the giant Al Shaheen offshore oil field in Qatar.
The two busiest U.S. container ports, the Port of Long Beach and Port of Los Angeles, experienced a major rebound in July posting a significant increase in handled cargo, which has been on the decline for months due to the impact of the coronavirus pandemic. Terminal operators and dockworkers at the
