(Bloomberg) — For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today’s hottest new oil plays. The company’s…
https://gcaptain.com/bp-focuses-on-familiar-turf-in-gom-as-rivals-push-new-offshore-oil-frontiers/
Offshore is one of the industries with the biggest risk profiles in the world. When bad things happen in offshore, people die, often there are explosions and sinkings, fires and oil spills, and the environment can be badly polluted, killing seabirds, fish, dolphins and coral, and inflicting...
It seems appropriate to get all biblical this week, just after Easter. When Saint Paul wrote in his letter to the Galatians that “a man reaps what he sows,” he probably wasn’t thinking about corruption in the oil and gas industry two millennia later. But the last month has seen no less than four...
Don’t be fooled by the word “pictorial” in its title. While it does include some first-rate pictures, this book is much more than that. It describes very fully three of the most interesting and intense decades in tanker, indeed ship, development in all of maritime history. Focused on just one ship...
Whilst the first big consolidator of this offshore upcycle was Tidewater, rapidly followed by ADNOC and AD Ports of Abu Dhabi, Europe is also experiencing a quiet wave of consolidation. Driving this is the biggest of the “Big Four” lowlands dredging and offshore companies, Boskalis. But whereas the gains in Tidewater have been open to […]
The post COLUMN | Winner takes it all: Boskalis binges with record profits, as Boluda takes silver and McDermott gets sued (again) [Offshore Accounts] appeared...
Pacific International Lines (PIL), in collaboration with Singapore Trade Data Exchange (SGTraDex), has recently entered into Memorandums of Understanding (MoUs) with bunker suppliers TFG Marine, KPI OceanConnect, and bp.
These agreements aim to explore opportunities in digitalizing the bunkering supply chain, advancing the adoption of electronic Bunker Delivery Notes (eBDN) solutions, and boosting the bunkering ecosystem.
The MoUs were signed during TechWaves, a maritime conference hosted by...
https://container-news.com/pil-partners-with-sgtradex-in-mous-with-leading-bunker-suppliers/
Business consultancy Intelatus Global Partners has been taking a look at the much discussed “readjustment” in the U.S. offshore wind sector and putting things into perspective.
The start of 2024 marks a period where the “readjustment” of the U.S. wind segment seemed to become more apparent, says the firm. At a federal level, nearly 9 gigawatts (GW) of lease potential in the Central Atlantic and Oregon passed further hurdles to be auctioned in the next 12 or so months. Along with these two areas,...
Houston-headquartered dredging giant Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD) yesterday reported financial results for the quarter and year ended December 31, 2023. The numbers seemed to please investors, with the company’s share price up by 17.8% at the end of the trading day.
HIGHLIGHTS
Fourth quarter 2023 results
https://www.marinelog.com/inland-coastal/dredging/gldd-ends-year-with-1-04-billion-backlog/
Gong Xi Fa Cai, Kung Hei Fat Choi, and Chúc mừng Năm Mới! Happy Lunar New Year to all our readers, and welcome to the Year of the Dragon. At least, this is one time of year where nobody will be sneaking abandoned offshore rigs and supply vessels out of Chinese shipyards to the market […]
The post COLUMN | Quick updates: Total buys a rig; Trident cans a rig; Standard sales succeed and fail; Saipem wins and loses corruption battles; Sapura hit with wind arbitration [Offshore Accounts] appeared...
Equinor has agreed to a swap transaction with BP, resulting in a significant reshuffling of ownership for several offshore wind projects in New York State. The deal will see Equinor…
https://gcaptain.com/equinor-and-bp-swap-ownership-in-new-york-offshore-wind-projects/