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.
The new owner will not be using the rigs for drilling but an LNG project.
Maersk Drilling has secured a contract with Ineos on using jack-up rig Maersk Resolve for harsh-environment and hydraulic stimulations in the British North Sea.
Semco Maritime has bagged the commissioning contract for the Tyra field alongside company Actemium.
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.
After an extensive malware attack shut down the US east coast's main fuel artery last week, Colonial Pipeline came back online Wednesday evening.
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.
The growth is expected to surpass potential demand decreases resulting from the coronavirus outbreak in India.
The extension is estimated to be of 100 days, and the work is expected to commence in late May 2021.
Kvaerner becomes the first Norwegian company to receive aid under a new compensation scheme pertaining to inbound travel quarantines.
Brent and WTI could slide in value now that several US refineries have revealed plans to process less crude as a consequence of the temporary shutdown of the Colonial Pipeline, reports Reuters.
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Diamond Offshore Drilling, which recently emerged from US bankruptcy protection, has found a new CEO. The company also names a new chairman for the newly appointed board.
Danish pension companies are reconsidering investments in the French oil giant due to Total's cooperation with the military junta in troubled Myanmar.
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.
The cyber attack has shut down the Colonial Pipeline, through which almost half the oil for the US east coast flows, transporting 2.5 million bpd.
Shell and Exxon's project to store 2.5 million tonnes of CO2 annually is close to realization now that the Dutch government has allocated state funding to the undertaking.
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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.
The French oil major has commenced extraction efforts at project Zinia Phase 2 in Angola, which is expected to provide 40,000 bpd as of next year.
Wintershall terminates its contract with Seadrill-operated rig West Mira after the rig has been idled since an accident in March.
The oil firm makes a full acquisition of Polish company Wento, becoming owner of a portfolio of solar farms totaling 1.6 GW.
After a year's Covid-induced delay, the French oil firm resumes its efforts to establish an LNG venture in Papua New Guinea.
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