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Offshore

Semco Maritime opens new office in Poland

Semco Maritime, a specialist in technical installations on drilling rigs and offshore wind farms, is opening an office in Poland, eyeing a potentially lucrative business opportunity in offshore wind development.

Tanker rates still weighed down by the pandemic and low demand

The demand for oil is low as a result of the Covid-19 crisis, and so are the freight rates for oil tankers. This spring, rates were up to four times lower than in the first five months of 2020, according to an analysis from Bimco. IEA expects demand to normalize in 2023.

Pension companies endorsed Shell's climate plan before rejection by Dutch court

Five pension companies voted, much like the majority of Shell's shareholders, to approve the oil company's climate plan shortly before a Dutch ruling rejected it. The burden of proof is now on oil companies that have to show that they are on the right side of the Paris Agreement, according to Danish pension provider PFA.

Maersk Drilling divests more rigs

Maersk Drilling sells jack-up rig Maersk Inspirer to Havila Sirius. The money from the sale will be used to reduce debt, Maersk Drilling writes.

Seadrill appoints new members to management

John Fredriksen-controlled rig company Seadrill has appointed new chief officers to the management. At the same time, the beleaguered company's board has found its newest director.

Norwegian players want share of booming wind market

Construction and servicing of future offshore wind farms with very large turbines are obvious tasks for Norwegian companies with decades of experience in oil and gas, say several industry players. However, the tasks place great demands on ships.

Dof remains dependent on forbearance from creditors

Offshore operator Dof exits the first quarter with a deficit of NOK 804 million. As a result of a weak market and substantial debt-related costs, Dof is dependent on the goodwill of its creditors until a potential restructuring of its falls into place.

Esvagt nears ownership change and US breakthrough

Offshore and wind carrier Esvagt has now been under the ownership of two private equity firms for six years. This ownership will not last indefinitely, CEO says to ShippingWatch. June is set to bring the first contracts on the US offshore wind market.

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