MOST Maritime has acquired Saab Seaeye Falcon remotely operated vehicle to assist in detection of hazardous substances in waters offshore Turkey. Turkish firm provides global emergency response services for petroleum as well as other harmful substance spills in the sea and inland waterways worldwide. MOST Maritime emergency response team selected the Falcon ROV specifically for …

Falcon ROV detecting hazardous substances off Turkey Read More »

The Australian-based Carnegie Clean Energy has seen red in its latest earnings report as the company swung to a net loss when compared to same period last year. Illustration/CETO 6 (Courtesy of Carnegie Clean Energy) Carnegie Clean Energy reported a net loss for the half-year period ended 31 December 2020 in the amount of Au$1.2 …

Carnegie Clean Energy swings to half-year loss Read More »

Italian oil and gas major Eni has completed the acquisition of a 20 per cent stake in the 1.2 GW Dogger Bank A and the 1.2 GW Dogger Bank B offshore wind farms in the UK. Eni bought the stakes from Equinor (10 per cent) and SSE Renewables (10 per cent). Following this transaction, the …

Eni completes Dogger Bank Wind Farm stake buy Read More »

Oil and gas company Tullow Oil has agreed on a new debt capacity with its banks under its reserves based lending facility of $1.7 billion, giving Tullow a liquidity headroom of $900 million. Over the past few weeks, Tullow has been reviewing its business plan and operating strategy with lending banks within its RBL and …

Tullow Oil agrees on new debt capacity with banks Read More »

Oslo-listed marine contractor Siem Offshore has reduced its Q4 2020 deficit despite revenue drop of 20 per cent against prior-year quarter. Quarterly operating revenues were $57 million, compared to $71 million in Q4 2019. The decrease in revenues from 4Q 2019 is mainly due to lower revenues from the AHTS fleet, the Brazilian and the …

Siem Offshore trims quarterly loss Read More »

Singapore’s shipping company Pacific International Lines (PIL) has been sentenced for illegally discharging oil into Apra Harbor, Guam, and for maintaining false and incomplete records relating to the discharges of oily bilge water from a feeder vessel, the US Department of Justice (DOJ) said. PIL will need to pay a total criminal penalty of $3 million …

PIL hit with $3M fine for dumping oily waste in Guam harbor Read More »

Qatar Petroleum has secured a new long-term deal for the delivery of liquefied natural gas (LNG) to Pakistan. Courtesy of Qatar Petroleum The company said on Friday it has entered into a sale and purchase agreement (SPA) with Pakistan State Oil Company (PSO) for the supply of up to 3 million tons per annum (MTPA) …

QP inks LNG supply deal with Pakistan’s PSO Read More »