Noble sells five rigs
Maersk Drilling’s merging partner Noble sells five rigs. Divestment of rigs is a precondition for having the merger approved by UK competition authorities.
ShippingWatch
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Maersk Drilling’s merging partner Noble sells five rigs. Divestment of rigs is a precondition for having the merger approved by UK competition authorities.
The Ukraine war’s disruption of global fuel markets has increased prices on clean tanker freight.
Oil prices decline after growing concern among investors that the US may be approaching a recession.
For the first time in two years, oil is sailed from Venezuela to Europe.
The Federal Reserve announced the biggest interest rate increase since 1994, with oil prices soon sent downward, but investors stay confident on crude demand holding steady.
Lauritzen Fonden’s investment company, J. Lauritzen, appoints Odfjell’s former top executive Kristian Mørch as new CEO. According to the foundation’s CEO, Tommy Thomsen, the stage is set for growth.
Danish wind carrier Cadeler has been contracted to transport and install 60 turbines at offshore wind farm Moray West in Scottish waters. Work is slated to commence in early 2024.
The British competition authorities postpone assessment of the merger between Maersk Drilling and Noble to Sept. 1.
Rates are soaring, demand is increasing, and there are few available ships on the offshore market. However, hundreds of supply vessels are still in layup, and they will probably stay there for a good while to come, predicts one analyst.
After years of negotiating, ailing offshore carrier Dof has secured a deal with creditors to slash debt tallying billions.
While recession concerns are putting more downward pressure on oil prices, a true recession is not likely to happen until a half year from now, says analyst.
The CEO of Petrobras had betrayed the Brazilian people, according to President Jair Bolsonaro, after the company raised gasoline prices last week. Now the CEO has announced his departure.
After the announced divestment of oil and gas assets to Aker BP, Sweden’s Lundin Energy releases its first-ever business prognosis for renewables.
Oil trades lower resulting from recession concerns after the Federal Reserve interest rate hike of 75 percentage points – a hawkish move soon echoed by both Swiss and UK central banks, says analyst.
Equinor, TotalEnergies and Shell, to name a few, are considering to set up offshore wind to electrify Troll and Oseberg fields. Feasibility studies are underway, so that operations can begin in 2027.
Through a partnership, four new wind vessels from wind carrier IWS will make it possible for offshore carrier Bourbon to sell services within offshore wind in France.
Maersk Supply Service, which is pursuing a US market presence with a major WTIV investment, also has eyes on the North Sea, where a huge offshore wind expansion is in the making. ”We will also be looking into that,” the offshore shipping company’s CCO tells ShippingWatch.
Denmark’s energy regulator is criticized by the country’s shipping lobby for not yet having licensed CO2 storage in the nation’s North Sea sector. Officials say applications will soon be accepted.
This will entail a greater imbalance between supply and demand thus higher prices, according to the agency.
Despite economic sanctions against the country, Russia has never before made as much money on exporting fossil energy as is the case during the war against Ukraine, writes think tank CREA in a new report.
Expectations of additional lockdown measures in Shanghai to curb the spread of Covid-19 have had a stronger impact on oil prices than the strong fuel demand in the US.
Decision that allowed Greece to seize an Iranian oil cargo has been overturned by a Greek court. It may help promote the release of two tankers withheld by Iran as retaliation.
Spot rates on chartering an AHTS in the North Sea have seen a significant increase lately, analyst tells Norwegian newspaper.
Wind carrier Cadeler is set to aid turbine maker Vestas by transporting and installing 64 15MW offshore wind turbines in the German North Sea.
Maersk builds financial muscle in Maersk Supply Service, which seeks to gain a foothold within US offshore wind via WTIVs. The container group has injected its subsidiary with fresh capital and removed debt.
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