Positive news about fewer restrictions in the US, Europe and China had both Brent and WTI on the rise by over 1 percent on Monday despite still high infection rates in other parts of the world, such as India and Taiwan.
Semco Maritime has secured a "very significant" contract related to the Tyra redevelopment via a consortium, says Senior Vice President Anders Benfeldt. The company will need several hundred people from day one, and perhaps more down the line.
The Responsible Ship Recycling Standards initiative, backed by several large banks, updates standards and expands to include offshore structures such as drilling rigs. More banks have also joined, reports FinansWatch Norway.
US President Joe Biden waives the Jones Act, exempting an undisclosed company from its requirement for domestic ships and crews, in response to fuel shortages prompted by the Colonial Pipeline cyberattack.
Hotel rig company Prosafe has decided to appeal the verdict in a case concerning the rebuilding of a hotel rig. The company was ordered to pay USD 55m in damages, but the case is now scheduled to go before Norway's Supreme Court.
It's an interesting perspective presented by environmental researchers recommending to let oil platforms stay in the North Sea after operations cease, says Danish Minister of Climate, Energy and Utilities Dan Jørgensen to EnergyWatch. But the ocean must not become a dumpster, he adds.
Sector organization Biogas Danmark holds that Danish taxation levels make it difficult to pursue biogas within the country's transport sector. A big mistake, says the organization's CEO, Frank Rosager.
Under the right framework conditions, NXT Green Energy expects to make its final investment decision on a liquefied biogas facility in Denmark. Director Jens Peter Lunden says the investment involves several hundred million Danish kroner.
Oil companies are on the road to recovery thanks to rising oil prices, but their appetite for new investments is restrained. As a result, the troubled drilling sector must exercise patience as it waits for activity levels to improve, two stock market analysts tell ShippingWatch.