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J. Lauritzen methanol-fuelled bulker
Business & Finance

J. Lauritzen, Cargill add third methanol-fuelled Kamsarmax to their tally at Tsuneishi

Danish investment company J. Lauritzen is expanding its partnership with Swiss freight trader Cargill by adding a third methanol dual-fuel 81,200 dwt Kamsarmax bulk carrier to their existing order of two vessels. The vessels are capable of trading with zero carbon emissions when powered by green met

about 3 years ago
UK firm to back Nexans on Ireland-France interconnector
Business & Finance

UK firm to back Nexans on Ireland-France interconnector

UK-headquartered International Projects Group (IPG), part of the RSK Group, has been appointed to support Nexans Norway with work for the Celtic Interconnector that will link Ireland and France. IPG will create a marine construction environmental management plan and provide construction environmenta

about 3 years ago
QatarEnergy and China bolster LNG ties with new deals
Business & Finance

QatarEnergy and China bolster LNG ties with new deals

State-owned oil and gas giant QatarEnergy has signed definitive agreements with China National Petroleum Corporation (CNPC) for the long-term supply of LNG to China and partnership in the North Field East (NFE) LNG expansion project. The LNG sales and purchase agreement (SPA) between the two parties

about 3 years ago
DNV, CSSC
Business & Finance

CSSC, DNV open Future Ship Joint Innovation Centre in Shanghai

Shipbuilding heavyweight China State Shipbuilding Corporation (CSSC) and DNV classification society have established a Future Ship Joint Innovation Centre in Shanghai. The centre will enable the duo to cooperate on ship and offshore field technical innovation, advance in decarbonization and digitali

about 3 years ago
GPA project was contemplated as a potential tie-back to Scott platform; Source: CNOOC International
Business & Finance

Rising costs and UK tax hike deal a death blow to North Sea oil project

The windfall tax hike and the rise in costs have brought to an end the development of a North Sea oil project.

about 3 years ago
FPSO Armada Sterling II; Source: Shapoorji Pallonji Oil & Gas
Business & Finance

ONGC prolonging Bumi Armada FPSO’s stay off India

Bumi Armada will be getting an extension of a charter contract for one of its FPSOs working for ONGC offshore India.

about 3 years ago
China makes headway in domestically-developed rotor sails with 1st ship installation
Business & Finance

China makes headway in domestically-developed rotor sails with 1st ship installation

A Chinese-flagged bulker fitted with a domestically developed rotor sail took to the water at the No. 2 wharf of CSSC Chengxi Shipbuilding Co., a subsidiary of China State Shipbuilding Corporation, marking a solid step forward in the practical application of wind-assisted rotor technology developed

about 3 years ago
Fred. Olsen 1848's new solution targets near- and offshore floating solar
Business & Finance

Fred. Olsen 1848’s new solution targets near- and offshore floating solar

Oslo-headquartered Fred. Olsen 1848 has launched a new solution said to unlock the potential of near- and offshore floating solar by allowing PV modules to move freely and independently. The solution named Bolette is said to be capable of handling high wave loads in combination with wind, which repr

about 3 years ago
Njord A (for illustration purposes); Credit: Jan Arne Wold & Elisabeth Sahl/Equinor
Business & Finance

Norway’s gas output nosedives while oil grows

Norway’s gas output has fallen below the one recorded during the month before, last year, and the NPD’s forecast.

about 3 years ago
FSO Palanca; Source: Stapem Offshore
Business & Finance

Another delay bumps acquisition timeline for stakes in Angolan offshore blocks to next month

Afentra plc has run into another delay in completing the deal with Angola’s state-owned oil and gas company Sonangol.

about 3 years ago
Havila Borg; Source: Havila
Business & Finance

Assignments for two Havila vessels prolonged

Norwegian offshore vessel operator Havila Shipping has secured contract extensions for two of its platform supply vessels (PSVs).

about 3 years ago
Equinor's Hywind Tampen wind farm in the North Sea; Source: Equinor
Business & Finance

UK and Norway’s energy transition tale spotlights oil & gas electrification, offshore wind, CCS, and hydrogen as main chapters

Westwood has looked at the UK and Norway’s net-zero targets and steps being taken to decarbonise the oil and gas industry.

about 3 years ago
Northern Lights
Business & Finance

K Line, partners forge ties with JFE Steel on creation of CCS value chain rooted in Japan

Japanese industry majors Japan Petroleum Exploration Co. (JAPEX), JGC Holdings Corporation (JGC HD), Kawasaki Kisen Kaisha (K LINE), and JFE Steel Corporation have joined hands to embark on a collaborative evaluation with the goal of establishing a carbon capture and storage (CCS) value chain rooted

about 3 years ago
Subsea 7's offer to acquire DOF's entire issued share capital about to expire
Business & Finance

Subsea 7’s offer to acquire DOF’s entire issued share capital about to expire

Subsea 7’s offer to acquire the entire issued share capital of Norway’s DOF Group is expiring at the end of today, 19 June, after the rejection from DOF’s board. Subsea 7 made a proposal on 15 June to the Board of Directors of DOF to acquire the entire issued share capital of the group, offering [&h

about 3 years ago
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