Charter rates exceed pre-pandemic level
Almost exactly one year after the Covid-19 pandemic hit Europe, the charter rates for multipurpose and heavy-lift vessels are back at their pre-pandemic level and even passed it. The average day rate for a geared...Read more
Pioneering Spirit to remove two platforms in the Irish Sea
DecommissioningPRESS RELEASE – Allseas’ Pioneering Spirit will travel to the Irish Sea this year to remove two normally unmanned installations in the East Irish Sea. The 11,000-tonne platforms owned by Spirit Energy are used to...Read more
Shell cuts up to 9,000 jobs in sustainability push
Oil & GasShell will cut 7,000 to 9,000 jobs as part of a large-scale business transformation aimed at making the company sustainable. The oil major wants to grow its chemicals and biofuels production while also looking at...Read more
Aker BP’s quarterly income exceeds billion dollars for the first time
OffshoreAker BP has achieved its highest quarterly income yet, exceeding one billion dollars for the first time. Oil production increased by roughly 33% to a new record following the start-up of the Johan Sverdrup field. Fourth-quarter...Read more
Lubbers Global Freight: “We want to be present in all major energy hubs”
Project logisticsAs the new kid on the block, Lubbers Global Freight wants to rapidly grow as a specialized freight forwarder for the energy markets. Following a recent takeover in Singapore, the company is now close to...Read more
Heerema’s Sleipnir sets new world record lifting 15,300 tonnes
Heerema has set a new world record lifting a module of 15,300 tonnes with its new heavy-lift vessel Sleipnir. Such a load has never been lifted by a crane vessel before. The record was set while...Read more
Norwegian oil industry highly optimistic about the future
Oil & GasThe Norwegian oil and gas industry is highly optimistic about the future, shows an economic outlook barometer from SpareBank 1. Especially companies with large exposure to the offshore oil and gas markets expect increased activity...Read more2019 discoveries may reach highest level since oil price collapse
Oil&GasOil and gas exploration is off to a flying start in 2019, with the oil majors taking a bigger bite of the conventional resources discovered in the first quarter, says analyst firm Rystad Energy. 2019...Read more
Oil and gas industry returns to action, says WoodMackenzie
Oil and gasAfter a difficult few years, the oil and gas industry is picking up the pace of its recovery. The exploration sector is back in the black and set to improve further in 2019, reports analyst...Read more