The Fuqing Haitan Strait offshore wind project in China has begun producing power. The wind farm features 22 MingYang MySE7.0-158 turbines with a rated power of 7 MW and a rotor diameter of 158 meters. The 300 MW wind farm is being developed by China Huadian Corporation and is the company’s first offshore wind project. …
Fuqing Haitan Strait offshore wind farm begins producing Read More »
Australian-based company Wave Swell Energy (WSE) has made significant progress on the construction of its wave energy device that will be deployed off Tasmania early in 2021. WSE unit at Bell Bay (Courtesy of Wave Swell Energy/Rob Burnett) A 200kW demonstration unit, still under construction, will be installed just south of the Port of Grassy …
Wave Swell Energy’s 200kW wave unit nears completion Read More »
Oil major ExxonMobil has stated that it would have to write down assets up to $20 billion regardless of higher oil and gas prices and improved chemical margins. Exxon stated in a regulatory filing that higher prices and margins would aid fourth-quarter results, but that the gains would be overshadowed by the write-down. The oil …
Exxon to write off up to $20B of assets despite 4Q gains Read More »
The World Shipping Council (WSC) has pushed back against allegations by two Federal Maritime Commissioners (FMC) that the container lines are not meeting service obligations — particularly to U.S. agriculture exporters — citing a lack of evidence. In a Monday letter to FMC Commissioners Carl Bentzel and Daniel Maffei, WSC President and CEO John Butler …
Container lines question claims of unreasonable rates, poor service Read More »
Castor Maritime Inc., a global shipping company specializing in the ownership of dry bulk vessels, announces today the receipt of a notification letter from the Nasdaq Stock Market (“Nasdaq”) granting the Company an additional 180-day extension, or until June 28, 2021, to regain compliance with Nasdaq’s minimum bid price requirement (the “Second Compliance Period”). The …
Scotland-based energy company SSE has agreed to sell all of its interests in its portfolio of gas exploration and production assets to Viaro Energy SSE said that the sale was made through its subsidiary RockRose Energy for a total consideration of GBP 120 million ($164M). The company added that the transaction was based on a …
SSE sheds North Sea fields to focus on renewables Read More »
BVG Associates has carried out an independent commercial review including cost comparison and levelized cost of energy (LCOE) analysis of the new offshore wind foundation concept known as the Gravity Tripod. Offshore Wind Logistics and Construction (OWLC) appointed BVGA to do the analysis in order to show to potential investors the merits and commercial possibilities …
Cruise operator Genting Hong Kong has terminated the agreement with SNC Endeavor Leasing for the sale and leaseback of the cruise ship vessel Crystal Endeavor being built by MV Werften Wismar GmbH. The consideration payable by SNC Endeavor Leasing, an investment company owned by Crédit Agricole group, was approximately EUR 350 million, equal to the contract …
Genting Hong Kong scraps sale and leaseback deal for Crystal Endeavor Read More »
Italian energy player Edison has sold its wholly-owned Norwegian subsidiary Edison Norge, the company that controls the group’s hydrocarbon exploration and production activities in Norway, to Sval Energi. Edison said that its Norwegian subsidiary controls all Norwegian activities excluded from the scope of the sale of Edison E&P to Energean. To remind, Energean completed the …
Edison sells Norwegian subsidiary to Sval Energi Read More »
Chilean port operator San Antonio Terminal Internacional (STI) has concluded negotiations and agreed on a new investment plan with Puerto San Antonio (Port of San Antonio) that, once complete, will extend the concession for five more years. As informed, the original concession expiring in 2025 will continue until 2030. Under the new plan, close to …
STI to extend concession, invest over $44m in Port of San Antonio Read More »
