News

  • Elon Musk’s SpaceX buys two Valaris rigs to build rocket launchpads

    Elon Musk’s SpaceX, an aerospace manufacturer and space transportation services company, reportedly bought two Valaris rigs last year to convert them into floating launchpads for its Starship rockets.   According to a report by CNBC on the 19th January, SpaceX bought two Valaris rigs, Valaris…

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  • Israeli Firm Claims EV Charging Breakthrough

    Israeli company StoreDot Ltd has manufactured the first battery for electric vehicles which can be charged in just five minutes, a step towards making refuelling as fast as cars at a gas station.   The lithium-ion samples were produced by StoreDot’s strategic partner in China, Eve Energy Company,…

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  • OMV Petrom begins Black Sea drilling campaign

    OMV Petrom has started a new offshore drilling campaign in shallow waters of Istria block in the Black Sea.   First drilling operations started at end of December 2020 and drilling of the second well will start at the beginning of this year.   The…

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  • Solstad wins UK North Sea work for support vessel

    An unnamed operator has awarded Solstad Offshore ASA’s PSV Sea Forth a term contract to support its assets in the UK North Sea, starting on the 1st April.   The contract is for an initial one-year firm period and includes two optional years.   Source:…

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  • Insurance Jottings

    World’s Biggest Shipping Line Demands Action Against Piracy Surge Off West Africa The world’s biggest shipping company demanded a more effective military response to surging pirate attacks and record kidnappings off the coast of West Africa.   The number of attacks on vessels globally jumped…

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  • Keystone XL Could Become Scrap If Biden Pulls Licence

    The Canadian province which invested US$1.1 billion of taxpayers’ money in the controversial Keystone XL project is now considering the sale of pipe and materials to try to recoup some funds.   “If the project ends, there would be assets which could be sold, such…

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