Trident Marine Managers Hires Smith, Opens Boston Office Trident Marine Managers (TMM), a managing general underwriter for the specialty marine and offshore energy industries and a part of Ryan Specialty Group (RSG), has appointed Clarke Smith as director of Underwriting. This move was announced…
Oil prices have now reached an interim stage of recovery. That’s according to Rystad Energy’s Head of Oil Markets Bjornar Tonhaugen, who outlined that prices will fluctuate around the $40 mark “for a while” and that “huge deviations” would not be likely. Further…
Dutch offshore contractor Heerema Marine Contractors has been awarded a contract by HSM Offshore for the transportation and installation of Dana Petroleum’s P11-Unity platform. HSM Offshore was awarded an EPCI contract for the Unity platform back in November 2019 with completion expected in November…
As anticipated in the 2019 Annual Report, on the 18th June Cadogan Petroleum and Ukrnafta signed two lease contracts’ prolongation for the wells of Blazhiv-3 and Blazhiv-3-Monastyrets in the Ukraine. The Company is pleased to announce the resumption of production from these two wells….
Rolls-Royce has expanded the business formerly run as Qinous GmbH into a Microgrid Competence Centre. In January, we announced that we had acquired a 73.1% majority stake in the Berlin-based electricity storage specialist. The renaming of Qinous as Rolls-Royce Solutions Berlin GmbH and expansion…
Wintershall Dea has approval from the Norwegian Petroleum Safety Authority (PSA) to use new facilities for the subsea Dvalin field development in licence 435 in the central Norwegian Sea. Dvalin, in a water depth of 385 metres (1,263 feet), was discovered in 210, 15…
OPEC’s Joint Ministerial Monitoring Committee (JMMC) has made assurances of achieving 100 per cent conformity in oil production cuts from all participating countries during the next three months. The 19th JMMC meeting was held via videoconference on Thursday, 18 June 2020. It was chaired…
The cluster of oil tankers off China’s coast is growing and the vessels are waiting longer to offload their cargoes amid a lack of onshore storage space after a buying spree earlier this year. The number of oil-laden tankers parked in Chinese waters has swelled since…
Wood, the global engineering and consulting company, has secured two solar engineering, procurement and construction (EPC) contracts from an American power and energy company worth over US$200 million. Wood was selected following a competitive tender process and will be responsible for delivering two major…
The technology group Wärtsilä’s experience and leading position in the development of battery and hybrid propulsion vessel solutions has been recognised with the award of a contract to design and equip two new zero-emissions ferries. The ships are to be built for Norwegian operator…
