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Qatar Petroleum
Business & Finance

Qatar Petroleum inks huge China LNG carrier deal

State-run Qatar Petroleum said Wednesday it has entered into a deal to reserve LNG ship construction capacity in China as part of ongoing North Field expansion projects. QP signed the deal with Hudong-Zhonghua Shipbuilding, a unit of China State Shipbuilding Corporation. The deal potentially worth m

about 6 years ago
Hapag-Lloyd boxship
Business & Finance

Hapag-Lloyd slashes its emissions by 50 percent, schedules boxship LNG conversion for Q4

German container shipping major Hapag-Lloyd has cut its CO2 emissions per TEU kilometre by 50 percent when compared to the reference year of 2008, the company said. The goal was achieved through economies of scale as the company introduced bigger and more efficient ships with improved water resistan

about 6 years ago
Spotlight on Sand Nourishment Plans for Stockton
Business & Finance

Spotlight on Sand Nourishment Plans for Stockton

City of Newcastle, NSW, said in their latest release that they have welcomed a long-term plan to address erosion at Stockton Beach using large-scale sand nourishment. Councils across NSW are preparing plans to manage coastal areas in line with the NSW Government’s Coastal Management Act 2016, with C

about 6 years ago
Illustration; One of Seadrill's drillships; Source: Seadrill
Business & Finance

Seadrill fills board of directors seat

Offshore drilling contractor Seadrill Limited has named a new member of the company’s board of directors.

about 6 years ago
A photo showing Vestas 3 megawatt wind turbine with dark and cloudy skies in the background
Business & Finance

Vestas to lay off 400 people, close temporary offshore wind facility

Vestas will lay off around 400 employees on functions that do not directly support the wind turbine supplier’s 2020 deliveries.

about 6 years ago
Jadestone delays Australia infill wells following fresh capex cuts
Business & Finance

Jadestone delays Australia infill wells following fresh capex cuts

Jadestone is further reducing its 2020 capital expenditure guidance due to the collapse of the global crude oil benchmarks and the impact of the coronavirus crisis on global oil demand and potential for prolonged oversupply.

about 6 years ago
DP World logo
Business & Finance

DP World rolls out digital platforms to facilitate global trade during COVID-19

Dubai-based terminal operator DP World has launched a plethora of online logistics tools and services enabling businesses to book shipments of cargo by any combination of sea, land, and air. The company said the roll-out of the platforms was sped up by the ongoing challenges arising from the COVID-1

about 6 years ago
Tore Løseth; Source: Equinor
Business & Finance

Equinor makes changes in exploration leadership

Norwegian oil major Equinor has appointed a new executive vice president of its Exploration division.

about 6 years ago
Sales drop hurts Oil Search revenue
Business & Finance

Sales drop hurts Oil Search revenue

The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search saw its revenue slip in the first quarter of 2020.

about 6 years ago
Sandbridge Beach Nourishment Progresses
Business & Finance

Sandbridge Beach Nourishment Progresses

The Sandbridge Beach Coastal Storm Damage Reduction Project’s 2020 renourishment cycle kicked off sand-borrow and placement operations earlier this month. The project is crucial in lessening storm-damage risk to this section of Virginia Beach’s infrastructure, according to USACE. “The nourishment pr

about 6 years ago
Implementing Sediment Management at the Seashore
Business & Finance

Implementing Sediment Management at the Seashore

The National Park Service (NPS) has published a Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS) for sediment management at Cape Hatteras National Seashore (Seashore). The purpose of the EIS is to develop a streamlined framework for implementing sediment management at the Se

about 6 years ago
Swinoujscie LNG terminal in POland
Business & Finance

Polish Q1 LNG imports rise

Poland is continuing to increase imports of liquefied natural gas via its only import facility in Swinoujscie as it is looking to reduce reliance on pipeline gas imports from Russia. Poland’s dominant gas firm PGNiG said in a preliminary operating report on Tuesday that it imported 0.98 billion cubi

about 6 years ago
One of Valaris-owned rigs
Business & Finance

Valaris may face delisting from NYSE

Another offshore drilling contractor, Valaris, has seen its share value fall below $1 as its operations and contracts are getting delayed or cancelled amid challenging market situation.

about 6 years ago
Critical Flood Defense Work to Start in Hull
Business & Finance

Critical Flood Defense Work to Start in Hull

A £42 million tidal flood defense scheme taking place in Hull has started construction work at the city’s historic estuary frontage. This critical work is essential to maintaining and improving Hull’s flood defenses, and is being carried out in accordance with government guidelines for safe working

about 6 years ago
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