Splash Wrap: From tankers to tech
Unquestionably, the big news this week came from Singapore, where BW-controlled Hafnia made a move for rival product tanker giant Torm. Hafnia is acquiring a 14...
General News
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Ørsted sues US over offshore wind project stop-work order
Danish company Ørsted and its joint venture partner Skyborn Renewables have filed a lawsuit in the DC District Court to reverse a stop-work order for the...
ConocoPhillips to lay off up to 25% of its workforce
US oil major ConocoPhillips has announced plans to lay off up to 25% of its workforce, as part of its cost-cutting measures.ConocoPhillips will be laying off be...
Trump looking to pull permit for 2.4GW project off Nantucket
The Trump administration is considering withdrawing the permit for a planned 141-turbine SouthCoast Wind project off Nantucket.The Department of Justice reveale...
Hafnia swoops for 14.5% Torm stake in $311 deal with Oaktree
Singapore-based product tanker giant Hafnia has agreed to acquire a 14.45% holding in Danish rival Torm from Oaktree Capital Management in a deal worth about $3...
Dolphin Drilling lines up drilling contract
Semisub rig owner Dolphin Drilling has signed a letter of intent with an undisclosed client for one of its rigs.According to the company, the letter of intent w...
VLCC sales tick over
The wet secondhand market has picked up pace this week with a string of VLCC deals.Malaysia’s MISC, via its tanker arm AET, has offloaded two Universal-built ...
OOIDA, ATA clash over highway bill priorities
WASHINGTON — The trucking industry’s biggest lobbying groups have taken opposing sides on several key issues that lawmakers will take into account as Co...
Trump administration halts work on $4bn offshore wind farm
The Trump administration has ordered Danish developer Ørsted to stop construction of the nearly completed Revolution Wind offshore wind farm.The $4bn pro...
TGS clinches streamer contract in Indonesia
Oslo-listed seismic data specialist TGS has secured a streamer contract offshore Indonesia, covering approximately 10,000 square kilometres.According to the com...
US to hold over 30 offshore oil and gas auctions through 2040
The Trump administration has unveiled a schedule to hold more than 30 offshore oil and gas lease sales over the next 15 years.The schedule includes 30 lease sal...
Multiple CDL violations uncovered in Florida truck crash
WASHINGTON — Federal regulators have uncovered multiple violations over the last two years leading up to last week’s truck crash in Florida that killed ...