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MOPU Tchatamba-A and FSO Madiela at the Tchatamba Marine-1 field approximately 100 miles southwest of Port Gentil in the Gulf of Guinea; Source: MODEC
Business & Finance

Tullow bags several oil & gas licence extensions in Gabon

Tullow Oil has gained approval from the government of Gabon for the extension of several of its Gabon licences to 2046.

about 3 years ago
Brage platform; Source: OKEA
Business & Finance

New operator taking the helm at North Sea oil & gas discovery

OKEA will be taking over the operatorship next month from the compatriot player, DNO Norge, at the Brasse license in the North Sea.

about 3 years ago
Ocean Endeavor rig; Source: Diamond Offshore
Business & Finance

New rig deals bolster day rates and lift Diamond Offshore’s backlog to $1.6 billion

Diamond Offshore has tucked under its belt new contracts and extensions for its rig fleet in the U.S. Gulf of Mexico, the UK, and Senegal.

about 3 years ago
New Times Shipbuilding Himalaya
Business & Finance

Himalaya Shipping CEO: We have the right ships at the right time

Bermuda-based shipping company Himalaya Shipping, a rising star in the dry bulk industry, is well on its way on its transition path into a fully operational company, thanks to timely investments in the ‘right ships’. One of the key highlights of the first half of 2023 for the company was the deliver

about 3 years ago
HydrogenPro revises business strategy, appoints new CEO
Business & Finance

HydrogenPro revises business strategy, appoints new CEO

HydrogenPro, a Norwegian technology company and an OEM for high-pressure alkaline electrolyzers, has announced that the company will take a new strategic business direction. The company said: “The plan for building capacity in the U.S. stays firm, but with the current market sentiment, raising fundi

about 3 years ago
Valaris DS-14 drillship; Source: Valaris
Business & Finance

Valaris undertakes $400 million private placement to fund acquisition of two drillships

Valaris revealed a pricing of $400 million upsized private placement of additional 8.375 per cent senior secured second lien notes due 2030.

about 3 years ago
Lloyd’s Register awards UK first approval for remote inspection techniques
Business & Finance

Lloyd’s Register awards first UK approval for remote inspection techniques

Lloyd’s Register has awarded Aberdeen-based 3D scanning company Viewport3 with the first UK approval for remote inspection techniques using underwater photogrammetry. “It is a huge honour for a small company like Viewport3 to receive such a credible certification. Our team are absolutely delighted t

about 3 years ago
Hapag-Lloyd
Business & Finance

Hapag-Lloyd, DB Schenker ink biofuel-powered transport deal

German liner major Hapag-Lloyd has entered into a partnership with compatriot logistics provider DB Schenker for emission-reduced container transports with waste- and residue-based biofuel. The deal follows the launch of Hapag-Lloyd’s “Ship Green” product in May enabling customers to transport their

about 3 years ago
PortNola
Business & Finance

Port NOLA hit with lawsuit aiming to halt construction of its new $1.8 bln terminal

In a clash that has ignited legal flames in the heart of Louisiana, the St. Bernard Parish District Attorney’s Office has filed a lawsuit against the Port of New Orleans to halt the construction of a proposed $1.8 billion container terminal, the Louisiana International Terminal, in the Violet area.

about 3 years ago
European Energy inks biogenic CO2 purchase deal for e-methanol production
Business & Finance

European Energy inks biogenic CO2 purchase deal for e-methanol production

EE North America (EENA), a subsidiary of Denmark-based European Energy, has signed a Letter of Intent (LOI) with Pennsylvania-based Montauk Renewables to purchase biogenically produced CO2 for the production of e-methanol which will be used as a marine fuel. The strategic agreement will grant EENA t

about 3 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

ZeroNorth partners with Cargill to optimize over 600 vessels and drive green efficiency

Climate technology company ZeroNorth has signed a three-year contract with Swiss freight trader Cargill on the provision of software for optimisations across vessels and voyages. The deal will see ZeroNorth become the main optimisation partner for more than 600 vessels the aim being to drive efficie

about 3 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Enauta completes another well in its drilling campaign off Brazil and moves to last one

Enauta has concluded the drilling and completion of another well in its drilling programme at a field offshore Brazil. In addition, the firm has started drilling activities at the last well in this drilling campaign.

about 3 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Dutch company’s pioneer USV powered by biofuel-hybrid propulsion combo

The Netherlands-based marine robotics manufacturer and shipyard RC Dock has unveiled its first fully classed uncrewed surface vessel (USV) designed for inspection, maintenance, repair (IMR) and survey operations. The 12-meter catamaran is equipped with an in-house developed launch and recovery syste

about 3 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Two oil & gas firms agree on more time to wrap up divestment of North Sea discovery

Quattro Energy Limited has agreed on a long stop date extension for the acquisition of United Oil & Gas’ license in the Central North Sea, which includes an existing hydrocarbon discovery.

about 3 years ago
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