Tag: offshore energy biz
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CSA hits new milestone in bringing electric harbor craft for operation in Singapore
CSA hits new milestone in bringing electric harbor craft for operation in Singapore The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has launched its first fully electric supply boat (e-supply boat) and laid the keel for its first fully electric tug at PaxOcean Batam. The post CSA hits new…
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European Commission urged to reassess hydrogen policy
European Commission urged to reassess hydrogen policy Hydrogen Europe and 16 other European associations working on the development of the hydrogen market have called on the European Commission to revise the bloc’s hydrogen policy. The post European Commission urged to reassess hydrogen policy appeared first on Offshore Energy. Aida Čučuk Go to offshore energy biz
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Exclusive interview: Velesto going after three Ds – Digitalization, decarbonization, and diversification for enhanced drilling and oil & gas era
Exclusive interview: Velesto going after three Ds – Digitalization, decarbonization, and diversification for enhanced drilling and oil & gas era Technological advancement, supportive policy regulations, and integration of greener and cleaner power innovations are a bedrock of an equitable energy transition age for Malaysia’s Velesto Energy, which has set its cap on growth and expansion…
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India aims to spend up to $3B to boost domestic maritime sector
India aims to spend up to $3B to boost domestic maritime sector India has unveiled its intention to set up an INR 250 billion (about $2.9 billion) maritime development fund (MDF) to grow the national ship fleet and support the domestic shipbuilding and repair sector. The post India aims to spend up to $3B to…
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Noble pulling cold-stacked drillship duo from drilling duty for good
Noble pulling cold-stacked drillship duo from drilling duty for good Noble Corporation has outlined plans to permanently put out of drilling work two cold-stacked drillships, as part of its cost and fleet optimization quest. The post Noble pulling cold-stacked drillship duo from drilling duty for good appeared first on Offshore Energy. Melisa Cavcic Go to offshore…
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Hapag-Lloyd unveils $4B green financing for 24 LNG dual-fuel boxships
Hapag-Lloyd unveils $4B green financing for 24 LNG dual-fuel boxships German shipping giant Hapag-Lloyd has revealed long-term financing totaling $4 billion for the 24 […] The post Hapag-Lloyd unveils $4B green financing for 24 LNG dual-fuel boxships appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat
Multi-billion projects at stake: Another blow for UK’s largest untapped oil & gas duo but Shell, Equinor, and Ithaca remain upbeat Which side will come on top is not yet clear, but it is unlikely that either will throw in the towel at this late stage in the UK’s oil and gas saga without a…
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With final say on arbitration due by August-end, Chevron readying for ‘prompt close’ of Hess merger in 2025
With final say on arbitration due by August-end, Chevron readying for ‘prompt close’ of Hess merger in 2025 Chevron is confident that its rival, Hess Corporation, will emerge as the winner in the ongoing arbitration proceedings the remaining Stabroek block partners launched over the sale of interests in assets off the coast of Guyana. The…
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Rig quartet off Guyana to feature ‘world first’ safety tech combination
Rig quartet off Guyana to feature ‘world first’ safety tech combination Salunda, a UK-headquartered firm specializing in red-zone safety monitoring technology, has joined forces with Norway’s Intellilift to install a solution aimed at enhancing the safety of critical equipment and personnel on four drilling platforms offshore Guyana. The post Rig quartet off Guyana to feature…
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Samsung E&A secures $1.7 billion deal to build UAE’s first methanol plant
Samsung E&A secures $1.7 billion deal to build UAE’s first methanol plant TA’ZIZ awarded an engineering, procurement, and construction (EPC) contract worth $1.7 billion to Samsung E&A for UAE’s first methanol plant. The post Samsung E&A secures $1.7 billion deal to build UAE’s first methanol plant appeared first on Offshore Energy. Ajsa Habibic Go to…
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Vår Energi approved to conduct more North Sea drilling
Vår Energi approved to conduct more North Sea drilling The Norwegian Offshore Directorate (NOD) has granted a drilling permit to Norwegian oil & […] The post Vår Energi approved to conduct more North Sea drilling appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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The Gemini countdown: Maersk and Hapag Lloyd geared up to ‘reshape’ sustainable shipping
The Gemini countdown: Maersk and Hapag Lloyd geared up to ‘reshape’ sustainable shipping The Gemini Cooperation—a long-term operational partnership between shipping colossals the Danish A.P. Moller-Maersk and […] The post The Gemini countdown: Maersk and Hapag Lloyd geared up to ‘reshape’ sustainable shipping appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Vattenfall and BASF gather tier 1 contractors for German offshore wind project
Vattenfall and BASF gather tier 1 contractors for German offshore wind project Vattenfall and BASF have signed contracts with EEW Special Pipe Constructions (EEW SPC) and […] The post Vattenfall and BASF gather tier 1 contractors for German offshore wind project appeared first on Offshore Energy. Adnan Memija Go to offshore energy biz
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SBM Offshore and MISC wrap up FPSO stake swap
SBM Offshore and MISC wrap up FPSO stake swap The Netherlands’ SBM Offshore has completed the exchange of interests in two FPSO vessels with Malaysia’s MISC Berhad (MISC). The post SBM Offshore and MISC wrap up FPSO stake swap appeared first on Offshore Energy. Dragana Nikše Go to offshore energy biz
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Inching towards CO2 neutrality: Svitzer to transition to biofuels in Port of Esbjerg
Inching towards CO2 neutrality: Svitzer to transition to biofuels in Port of Esbjerg Denmark-based towage and marine services provider Svitzer has decided to switch to biofuels at the Port of Esbjerg in line with the port’s ambition to become carbon neutral by 2030. The post Inching towards CO2 neutrality: Svitzer to transition to biofuels in…
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Evonik and VoltH2 to advance hydrogen production in the Netherlands
Evonik and VoltH2 to advance hydrogen production in the Netherlands German specialty chemicals company Evonik has signed a term sheet with Dutch energy company VoltH2 to advance green hydrogen production at the Delfzijl chemical park in the Netherlands. The post Evonik and VoltH2 to advance hydrogen production in the Netherlands appeared first on Offshore Energy.…
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HPC secures spot in ‘key’ project for maritime industry’s next decade
HPC secures spot in ‘key’ project for maritime industry’s next decade Maritime consultancy HPC Hamburg Port Consulting (HPC) has been awarded a contract to manage project coordination and financial oversight for the Baltic Sea Region Programme 2021-2027 funded initiative “H2-Derivatives@BalticSeaPorts” (H2Deri@BSP). The post HPC secures spot in ‘key’ project for maritime industry’s next decade appeared…
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UCL: Can GHG levy and e-fuel subsidy drive zero-emission shipping forward?
UCL: Can GHG levy and e-fuel subsidy drive zero-emission shipping forward? A high greenhouse gas (GHG) price coupled with targeted subsidies for e-fuels have shown […] The post UCL: Can GHG levy and e-fuel subsidy drive zero-emission shipping forward? appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Halliburton scores its largest service contract with Petrobras
Halliburton scores its largest service contract with Petrobras U.S.-headquartered oilfield services company Halliburton has secured what it says is its largest service […] The post Halliburton scores its largest service contract with Petrobras appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Petrobras credits Santos Basin fields for uptick in oil & gas reserves
Petrobras credits Santos Basin fields for uptick in oil & gas reserves Brazil’s state-owned oil and gas giant Petrobras has recorded an increase in its proven reserves of oil, condensate, and natural gas in 2024 compared to the previous year. The post Petrobras credits Santos Basin fields for uptick in oil & gas reserves appeared…
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TotalEnergies contract takes Stena drillship to Suriname
TotalEnergies contract takes Stena drillship to Suriname French energy firm TotalEnergies has awarded offshore drilling contractor Stena Drilling with a contract […] The post TotalEnergies contract takes Stena drillship to Suriname appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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‘World’s first’ commercial sailing RoRo ship launched in Türkiye
‘World’s first’ commercial sailing RoRo ship launched in Türkiye Neoliner Origin, described as ‘the world’s first’ commercial sailing roll-on/roll-off (RoRo) vessel, has been […] The post ‘World’s first’ commercial sailing RoRo ship launched in Türkiye appeared first on Offshore Energy. Naida Hakirevic Prevljak Go to offshore energy biz
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Liquid Wind gets environmental permit for third e-fuel facility in Sweden
Liquid Wind gets environmental permit for third e-fuel facility in Sweden Swedish e-fuel plant developer Liquid Wind has received an environmental permit from the Land and Environmental Court in Umeå for its third large-scale e-fuel production facility in Sweden, FlagshipTHREE. The post Liquid Wind gets environmental permit for third e-fuel facility in Sweden appeared first…
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Pacific Environment asks IMO to ban scrubber discharge in new ‘Poison in the water’ report
Pacific Environment asks IMO to ban scrubber discharge in new ‘Poison in the water’ report The US-based environmental organization Pacific Environment has released a new report that lays out the case for why the International Maritime Organization (IMO) should immediately ban scrubber discharge into the marine environment. The post Pacific Environment asks IMO to ban…
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All wells producing in Phase 10 of Egypt’s West Delta Deep Marine concession (Photos)
All wells producing in Phase 10 of Egypt’s West Delta Deep Marine concession (Photos) Egyptian companies DeepTech, part of MCS Group, and Petroleum Marine Services (PMS) have brought […] The post All wells producing in Phase 10 of Egypt’s West Delta Deep Marine concession (Photos) appeared first on Offshore Energy. Nadja Skopljak Go to offshore…
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Indian hydrogen and ammonia developer gets RFNBO pre-certification from Bureau Veritas
Indian hydrogen and ammonia developer gets RFNBO pre-certification from Bureau Veritas Hygenco Green Energies has received the renewable fuel of non-biological origin (RFNBO) pre-certification from Bureau Veritas South Asia Region under the CertifHy scheme. The post Indian hydrogen and ammonia developer gets RFNBO pre-certification from Bureau Veritas appeared first on Offshore Energy. Aida Čučuk Go…
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Bangladesh books LNG from future export terminal in Louisiana
Bangladesh books LNG from future export terminal in Louisiana The United States-based Argent LNG has signed a heads of agreement (HOA) with the Government of Bangladesh for the purchase of liquefied natural gas (LNG) from the former’s proposed export facility in Port Fourchon, Louisiana. The post Bangladesh books LNG from future export terminal in Louisiana…
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Following Caribbean gig, Allseas’ Lorelay goes to Rotterdam for lifetime extension
Following Caribbean gig, Allseas’ Lorelay goes to Rotterdam for lifetime extension Allseas’ pipelay vessel Lorelay has completed a platform-to-platform pipeline installation in the Caribbean, for […] The post Following Caribbean gig, Allseas’ Lorelay goes to Rotterdam for lifetime extension appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Denmark gives permission for preservation work on damaged Nord Stream 2 pipeline
Denmark gives permission for preservation work on damaged Nord Stream 2 pipeline The Danish Energy Agency has granted permission to Nord Stream 2 AG to preserve […] The post Denmark gives permission for preservation work on damaged Nord Stream 2 pipeline appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Portsmouth Port hosts its first LNG bunkering operation
Portsmouth Port hosts its first LNG bunkering operation Following the first bunkering transfer, the UK’s Portsmouth International Port has now introduced LNG bunkering for vessels sailing into and out of the port as it strives to become carbon neutral by 2030 and emissions-free by 2050. The post Portsmouth Port hosts its first LNG bunkering operation…
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Yanmar: Hydrogen engine production plan greenlit under Japanese zero-emission ship program
Yanmar: Hydrogen engine production plan greenlit under Japanese zero-emission ship program Yanmar Power Technology, part of Japan’s industrial diesel engine and machinery manufacturer Yanmar Holdings, has received approval from the government for its hydrogen-fueled engines and hydrogen fuel cell systems production plan. The post Yanmar: Hydrogen engine production plan greenlit under Japanese zero-emission ship program…
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Petrobras cleared to combine two offshore fields after 7 years
Petrobras cleared to combine two offshore fields after 7 years Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) has approved the unification of two fields in the country’s pre-salt Santos Basin operated by the state-owned oil and gas giant Petrobras. The post Petrobras cleared to combine two offshore fields after 7 years appeared…
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Worley lands FEED contract for First Ammonia’s flagship project in Texas
Worley lands FEED contract for First Ammonia’s flagship project in Texas U.S. ammonia plants developer First Ammonia has selected Australian engineering and professional services company Worley to deliver the front-end engineering design (FEED) for its electric ammonia facility in Victoria, Texas. The post Worley lands FEED contract for First Ammonia’s flagship project in Texas appeared…
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$1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza
$1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza With 14 multibillion-dollar projects lined up on the LNG export menu, America seems poised to reach the $1.3 trillion gross domestic product (GDP) promise spotlighted in a recent S&P Global study, making a strong case for an LNG boom. The post $1.3 trillion…
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Solstad scores trifecta for a busy 2025
Solstad scores trifecta for a busy 2025 Norwegian shipping company Solstad Offshore has secured contracts for two of its construction support […] The post Solstad scores trifecta for a busy 2025 appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Prysmian drops plan to build $200 million subsea cable factory in Massachusetts
Prysmian drops plan to build $200 million subsea cable factory in Massachusetts Prysmian has informed local authorities in Somerset, Massachusetts, about the company’s decision not to […] The post Prysmian drops plan to build $200 million subsea cable factory in Massachusetts appeared first on Offshore Energy. Adrijana Buljan Go to offshore energy biz
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Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave
Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the job…
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ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as Cyprus and Egypt sow the seeds of energy bonds
ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as Cyprus and Egypt sow the seeds of energy bonds ExxonMobil and QatarEnergy have fired the starting gun on drilling activities off the coast of Cyprus, using one of the drillships owned by Valaris. The post ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as…
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MPA: Alternative bunker fuel sales exceed 1 million tonnes in 2024
MPA: Alternative bunker fuel sales exceed 1 million tonnes in 2024 Sales of alternative bunker fuels exceeded one million tonnes for the first time to reach 1.34 million tonnes in 2024, the Maritime and Port Authority of Singapore (MPA) has revealed. The post MPA: Alternative bunker fuel sales exceed 1 million tonnes in 2024 appeared…
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Suez Canal blockage caused Maersk to face $89M loss, increased CO2 emissions
Suez Canal blockage caused Maersk to face $89M loss, increased CO2 emissions The 2021 Suez Canal blockage resulted in a loss of nearly $89 million for Danish shipping giant Maersk Line, a new study found. The post Suez Canal blockage caused Maersk to face $89M loss, increased CO2 emissions appeared first on Offshore Energy. Naida…
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Mabanaft to rebuild tank terminal in Hamburg to facilitate methanol import and storage
Mabanaft to rebuild tank terminal in Hamburg to facilitate methanol import and storage Germany’s energy company Mabanaft plans to rebuild its tank terminal in the Port of Hamburg to enable the storage of methanol and facilitate its import to Northern Germany. The post Mabanaft to rebuild tank terminal in Hamburg to facilitate methanol import and…
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Another oil & gas discovery of ‘great importance’ springs up offshore Kuwait
Another oil & gas discovery of ‘great importance’ springs up offshore Kuwait Kuwait Petroleum Corporation (KPC) has confirmed a large hydrocarbon discovery at an offshore field in the country’s territorial waters, bolstering its expectations of discovering more offshore oil and gas to boost the country’s energy arsenal. The post Another oil & gas discovery of…
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US firm scores 20-year gas supply gig in Puerto Rico
US firm scores 20-year gas supply gig in Puerto Rico U.S. energy infrastructure player New Fortress Energy (NFE) has secured a multi-year natural gas supply deal for a 478 MW combined-cycle power plant, which is currently under development in San Juan, Puerto Rico. The post US firm scores 20-year gas supply gig in Puerto Rico appeared…
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Belfast Harbour to invest around $387 million in port projects over next five years
Belfast Harbour to invest around $387 million in port projects over next five years Belfast Harbour, Northern Ireland’s principal maritime gateway and logistics hub, has unveiled a new strategy setting out a program to invest £313 million (approximately $387 million) in capital projects across the port and Harbour Estate over the next five years. The…
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Petron Scientech selects Verdagy’s electrolyzers for e-methanol production
Petron Scientech selects Verdagy’s electrolyzers for e-methanol production U.S. technology company Petron Scientech has chosen compatriot renewable hydrogen electrolysis company Verdagy to provide electrolyzers for the production of e-methanol in its biorefinery. The post Petron Scientech selects Verdagy’s electrolyzers for e-methanol production appeared first on Offshore Energy. Aida Čučuk Go to offshore energy biz
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JMU secures role in Japan’s push for green ship production
JMU secures role in Japan’s push for green ship production Shipbuilding company Japan Marine United Corporation (JMU) has been selected for the Japanese Ministry […] The post JMU secures role in Japan’s push for green ship production appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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MTF: Key recommendations put on the table for shipping industry to accelerate OCCS adoption
MTF: Key recommendations put on the table for shipping industry to accelerate OCCS adoption In a new report, the Maritime Technologies Forum (MTF) has offered key recommendations to consider as the shipping industry looks to adopt onboard carbon capture and storage (OCCS) technology. The post MTF: Key recommendations put on the table for shipping industry…
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CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays
CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays China’s CNOOC has set out its multibillion-dollar business strategy and development plan for 2025. The post CNOOC earmarks up to $19 billion for oil & gas, offshore wind, solar, and AI-integrated plays appeared first on Offshore Energy. Melisa Cavcic…
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Sumitomo and Van Oord booked for second Shetland HVDC cable link
Sumitomo and Van Oord booked for second Shetland HVDC cable link SSEN Transmission has entered into a capacity reservation agreement (CRA) with a consortium of […] The post Sumitomo and Van Oord booked for second Shetland HVDC cable link appeared first on Offshore Energy. Nadja Skopljak Go to offshore energy biz
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Trump makes good on all his energy promises: ‘Golden’ US oil, gas, & LNG age and offshore wind pause in effect
Trump makes good on all his energy promises: ‘Golden’ US oil, gas, & LNG age and offshore wind pause in effect Will Trump’s upcoming oil and gas era be a setback, holding back U.S. renewables’ progress, or a shot in the arm galvanizing greener zest? The post Trump makes good on all his energy promises:…
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Johnson Matthey to provide technology for large e-methanol facility in Spain
Johnson Matthey to provide technology for large e-methanol facility in Spain British technology company Johnson Matthey (JM) has been selected by Spanish energy company Reolum to supply its technology for the next phase of the latter’s Robla New Energy (NE) e-methanol project. The post Johnson Matthey to provide technology for large e-methanol facility in Spain…
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Fratelli Cosulich orders 4th methanol-ready bunker tanker
Fratelli Cosulich orders 4th methanol-ready bunker tanker Italian maritime transportation group Fratelli Cosulich Group is continuing with investments in alternative fuels-ready bunker tankers as it placed one more order. The post Fratelli Cosulich orders 4th methanol-ready bunker tanker appeared first on Offshore Energy. Naida Hakirevic Prevljak Go to offshore energy biz
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Extending construction window for OWFs will cut cost and risk, Vattenfall’s Ireen Geerbex says
Extending construction window for OWFs will cut cost and risk, Vattenfall’s Ireen Geerbex says Innovation in wind energy has been one of the main pillars driving the upscale […] The post Extending construction window for OWFs will cut cost and risk, Vattenfall’s Ireen Geerbex says appeared first on Offshore Energy. Nadja Skopljak Go to offshore…
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BP’s biggest project achieves ‘key milestone’ as FLNG gets first gas
BP’s biggest project achieves ‘key milestone’ as FLNG gets first gas With floating liquefied natural gas (FLNG) commissioning activities in full swing, BP has achieved another first at a gas development off the coasts of Mauritania and Senegal, which is said to be the biggest project in its portfolio and one of the deepest, most complex…
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UK firm secures its largest ever deal for Petrobras field
UK firm secures its largest ever deal for Petrobras field UK-based Tracerco has secured multi-million-pound worth of contracts in Brazil, including the largest project […] The post UK firm secures its largest ever deal for Petrobras field appeared first on Offshore Energy. Zerina Maksumic Go to offshore energy biz
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Norwegian tech to enhance safety of over 300 assets offshore Qatar
Norwegian tech to enhance safety of over 300 assets offshore Qatar Norway-based software developer Vissim has been hired as a subcontractor to deliver a centralized vessel monitoring and alerting system (CVMAS) to Qatar-based Bin Omran Trading & Telecommunications, which oversees local project management and offshore installation. The post Norwegian tech to enhance safety of over…
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Navig8 starts commercial management of ADNOC L&S’ tanker fleet
Navig8 starts commercial management of ADNOC L&S’ tanker fleet Navig8 has commenced the commercial management of ADNOC Logistics and Services’ (ADNOC L&S’) tanker fleet, comprising 20 vessels. The post Navig8 starts commercial management of ADNOC L&S’ tanker fleet appeared first on Offshore Energy. Aida Čučuk Go to offshore energy biz
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BP flips gas production switch back on at giant platform off Azerbaijan
BP flips gas production switch back on at giant platform off Azerbaijan BP has restarted production from a platform in the Caspian Sea at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever. The post BP flips gas production switch back on at giant platform off Azerbaijan appeared first on…
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Norwegian oil & gas electrification story takes another step forward with multimillion-dollar deal
Norwegian oil & gas electrification story takes another step forward with multimillion-dollar deal Equinor has made a move to progress its offshore oil and gas electrification plans on the Norwegian Continental Shelf (NCS) by handing out a contract for early stage engineering services to Multiconsult Norge, in collaboration with subcontractors Aker Solutions and fully owned…
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Masdar and Lhyfe partner up for large-scale hydrogen projects in Europe
Masdar and Lhyfe partner up for large-scale hydrogen projects in Europe Abu Dhabi Future Energy Company (Masdar) and French renewable hydrogen producer Lhyfe have entered a memorandum of understanding (MoU) to explore potential co-development opportunities in large-scale green hydrogen production projects in Europe. The post Masdar and Lhyfe partner up for large-scale hydrogen projects in…
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With funds for Louisiana LNG terminal secured, Texas firm eyes FID in second half of 2025
With funds for Louisiana LNG terminal secured, Texas firm eyes FID in second half of 2025 Kimmeridge Texas Gas (KTG) has obtained funds for its proposed liquefied natural gas (LNG) terminal near Cameron, Louisiana. The post With funds for Louisiana LNG terminal secured, Texas firm eyes FID in second half of 2025 appeared first on…
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Geotechnical surveys to start at Hornsea Four site in February
Geotechnical surveys to start at Hornsea Four site in February Geotechnical survey works are scheduled to commence at the Hornsea Four offshore wind farm […] The post Geotechnical surveys to start at Hornsea Four site in February appeared first on Offshore Energy. Adrijana Buljan Go to offshore energy biz
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CSSC’s Wuhu Shipyard tapped by Kawa Shipping in $240M newbuilding order
CSSC’s Wuhu Shipyard tapped by Kawa Shipping in $240M newbuilding order Hong Kong-headquartered container shipping line Kawa Shipping has reportedly booked three 4,800 TEU vessels […] The post CSSC’s Wuhu Shipyard tapped by Kawa Shipping in $240M newbuilding order appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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SmartCap’s €5 million investment to support Elcogen’s growth
SmartCap’s €5 million investment to support Elcogen’s growth Estonian clean energy technology manufacturer Elcogen has secured a €5 million investment from SmartCap, a venture capital fund supporting Estonian greentech companies. The post SmartCap’s €5 million investment to support Elcogen’s growth appeared first on Offshore Energy. Aida Čučuk Go to offshore energy biz
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Product tanker deliveries to jump 256% in 2025
Product tanker deliveries to jump 256% in 2025 Product tanker newbuild deliveries are expected to reach 12 million deadweight tonnes (dwt) in 2025, with deliveries set to jump 256% compared to the 3.4 million dwt delivered in 2024, shipping association BIMCO revealed. The post Product tanker deliveries to jump 256% in 2025 appeared first on…
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Three Borr rigs hit the brakes on drilling ops in North America as new suspension comes
Three Borr rigs hit the brakes on drilling ops in North America as new suspension comes Borr Drilling has confirmed a temporary suspension of operations notice for a jack-up rig trio working off the coast of Mexico, North America. The post Three Borr rigs hit the brakes on drilling ops in North America as new…
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New partnership to provide hydrogen storage and production solutions
New partnership to provide hydrogen storage and production solutions EQUANS, an energy services provider, and INOCEL, a company that designs, manufactures and markets hydrogen fuel cells, have signed a partnership agreement to develop an energy storage and production solution using carbon-free hydrogen. The post New partnership to provide hydrogen storage and production solutions appeared first…
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Trillion completes Black Sea tubing ops, well stimulation coming up next
Trillion completes Black Sea tubing ops, well stimulation coming up next Canada’s oil and gas player Trillion Energy is preparing to boost gas production at its field offshore Türkiye using nitrogen after completing velocity string (VS) operations. The post Trillion completes Black Sea tubing ops, well stimulation coming up next appeared first on Offshore Energy.…
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MOL names latest addition to QatarEnergy’s growing LNG fleet
MOL names latest addition to QatarEnergy’s growing LNG fleet Japan’s shipping giant Mitsui O.S.K Lines (MOL) has hosted a naming ceremony for a liquefied natural gas (LNG) carrier it is building for QatarEnergy’s historic LNG shipbuilding program. The post MOL names latest addition to QatarEnergy’s growing LNG fleet appeared first on Offshore Energy. Dragana Nikše…
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Avina’s large-scale clean ammonia project in US gains ground
Avina’s large-scale clean ammonia project in US gains ground U.S. green hydrogen producer Avina Clean Hydrogen has completed the front-end engineering design (FEED) and front-end-loading (FEL-3) for its 2,200 metric tons per day (MTPD) clean ammonia facility located in the Texas Gulf Coast. The post Avina’s large-scale clean ammonia project in US gains ground appeared…
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Nexans, TenneT sign €1 billion LanWin2 offshore grid connection contract
Nexans, TenneT sign €1 billion LanWin2 offshore grid connection contract Nexans has secured the contract for the LanWin2 offshore grid connection in Germany, valued […] The post Nexans, TenneT sign €1 billion LanWin2 offshore grid connection contract appeared first on Offshore Energy. Adrijana Buljan Go to offshore energy biz
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Amogy secures additional $56 million to commercialize its ammonia-to-power solution
Amogy secures additional $56 million to commercialize its ammonia-to-power solution Amogy has raised $56 million in venture financing to accelerate commercializing its technology in markets such as maritime and stationary power generation. The post Amogy secures additional $56 million to commercialize its ammonia-to-power solution appeared first on Offshore Energy. Ajsa Habibic Go to offshore energy…
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Sallaum Lines opts for Wärtsilä’s propulsion efficiency solutions for its PCTC trio
Sallaum Lines opts for Wärtsilä’s propulsion efficiency solutions for its PCTC trio Finnish technology group Wärtsilä is set to supply its propulsion efficiency solutions for three […] The post Sallaum Lines opts for Wärtsilä’s propulsion efficiency solutions for its PCTC trio appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Saipem unveils platform construction milestone for Angola’s ‘pioneering’ gas project (Gallery)
Saipem unveils platform construction milestone for Angola’s ‘pioneering’ gas project (Gallery) Saipem has disclosed progress in bringing a jacket for an Angola-bound offshore platform to life. The platform, set to be used on a natural gas project in Africa, is perceived to be Angola’s first non-associated gas development. The post Saipem unveils platform construction milestone…
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Bibby Marine orders eCSOV at new shipyard
Bibby Marine orders eCSOV at new shipyard Bibby Marine has signed a shipbuilding contract with the Spanish Armon shipyard for its […] The post Bibby Marine orders eCSOV at new shipyard appeared first on Offshore Energy. Adrijana Buljan Go to offshore energy biz
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Canadian firm finalizes stake sale in South Africa’s Orange Basin block
Canadian firm finalizes stake sale in South Africa’s Orange Basin block Eco (Atlantic) Oil & Gas has completed the transaction with compatriot Africa Oil Corp. enabling the latter’s subsidiary to increase its stake in a block offshore South Africa. The post Canadian firm finalizes stake sale in South Africa’s Orange Basin block appeared first on…
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TOWT unveils names of 5 next-gen sailing cargo ships
TOWT unveils names of 5 next-gen sailing cargo ships French sailing freight transport company TransOceanic Wind Transport (TOWT) has unveiled the names of the remaining five sailing cargo ships expected to debut in 2026 and 2027. The post TOWT unveils names of 5 next-gen sailing cargo ships appeared first on Offshore Energy. Naida Hakirevic Prevljak…
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Nel halts alkaline electrolyzer production in Norway
Nel halts alkaline electrolyzer production in Norway Norwegian company Nel has decided to temporarily halt production at the alkaline electrolyzer production facility in Herøya, Norway. The post Nel halts alkaline electrolyzer production in Norway appeared first on Offshore Energy. Aida Čučuk Go to offshore energy biz
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Fugro awarded metocean monitoring contract to safeguard Italy’s marine and coastal ecosystems
Fugro awarded metocean monitoring contract to safeguard Italy’s marine and coastal ecosystems Dutch geo-data specialist Fugro has secured a contract from Italy’s Institute for Environmental Protection […] The post Fugro awarded metocean monitoring contract to safeguard Italy’s marine and coastal ecosystems appeared first on Offshore Energy. Zerina Maksumic Go to offshore energy biz
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New partnership looking into hydrogen network in Åland
New partnership looking into hydrogen network in Åland Finland’s state-owned transmission system operator (TSO) Gasgrid and the Government of Åland have signed a letter of intent (LoI) to jointly explore opportunities for building a hydrogen network in Åland. The post New partnership looking into hydrogen network in Åland appeared first on Offshore Energy. Ajsa Habibic…
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Wind ship propulsion in maritime: 2024 was a year to remember
Wind ship propulsion in maritime: 2024 was a year to remember 2024 was an exciting year in the ongoing development of the wind-assisted ship propulsion segment, with 54 large ships in operation and seven more designated as wind-ready. The post Wind ship propulsion in maritime: 2024 was a year to remember appeared first on Offshore…
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BP expands 70-year relationship with US firm through deal spanning its global energy portfolio
BP expands 70-year relationship with US firm through deal spanning its global energy portfolio U.S.-headquartered science, technology, and engineering player KBR has secured a global agreement, which builds upon the duo’s decades-long relationship with BP, the UK-based energy giant. The post BP expands 70-year relationship with US firm through deal spanning its global energy portfolio…
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Shell taps SLB for ‘major’ multi-region deepwater drilling gigs
Shell taps SLB for ‘major’ multi-region deepwater drilling gigs SLB has landed a batch of new deals with Shell to handle drilling assignments, spanning several regions, including the UK sector of the North Sea, Trinidad and Tobago, and the Gulf of Mexico alongside others. The post Shell taps SLB for ‘major’ multi-region deepwater drilling gigs appeared…
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BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia
BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever. The post BP shuts down production at…
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Steady growth propels DP World past 100 million TEUs handled
Steady growth propels DP World past 100 million TEUs handled The UAE-headquartered logistics heavyweight DP World has passed a “momentous” milestone, having surpassed 100 […] The post Steady growth propels DP World past 100 million TEUs handled appeared first on Offshore Energy. Sara Kosmajac Go to offshore energy biz
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Namibia’s Orange Basin still oil-rich but Shell’s discovery deemed ‘commercially unfeasible’
Namibia’s Orange Basin still oil-rich but Shell’s discovery deemed ‘commercially unfeasible’ Shell has decided to write down $400 million, citing technical and geological difficulties encountered at the petroleum exploration license (PEL) 39, as its oil discovery in the Orange Basin off the coast of Namibia cannot be confirmed for commercial development at this point. The…
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Alaska’s LNG project moves closer to reality after 10 years in the making, with Glenfarne as private investor
Alaska’s LNG project moves closer to reality after 10 years in the making, with Glenfarne as private investor Alaska Gasline Development Corporation (AGDC), the developer of a liquefied natural gas (LNG) project in the U.S. northernmost state, has signed a framework agreement with compatriot Glenfarne to privately lead and fund the development of the project.…
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Shell and Chevron cheer first oil as Whale song enriches energy security courtship in US Gulf of Mexico
Shell and Chevron cheer first oil as Whale song enriches energy security courtship in US Gulf of Mexico Shell, and its partner, Chevron, have boosted their oil and gas arsenal in the U.S. Gulf of Mexico by starting production from a deepwater project more than seven years after the original hydrocarbon discovery. The post Shell…
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Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas
Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas Subsea7 has secured a contract with Norway’s state-owned energy company Equinor to deliver a […] The post Subsea7 takes on FEED work to help unlock North Sea field’s oil & gas appeared first on Offshore Energy. Nadja Skopljak Go to offshore…
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47 governments, shipping industry propose text for IMO carbon tax
47 governments, shipping industry propose text for IMO carbon tax The International Chamber of Shipping (ICS) has joined 47 governments in a joint submission to the final round of negotiations at the United Nations’ International Maritime Organization (IMO) to adopt a maritime greenhouse gas (GHG) emissions pricing mechanism for international shipping. The post 47 governments,…
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Value Maritime, partners win funding for CCS aboard Samskip Kvitbjorn
Value Maritime, partners win funding for CCS aboard Samskip Kvitbjorn Dutch maritime technology company Value Maritime and its partners in the Maritime Efficient & Easy Carbon Capture (ME2CC) project have received funding from the Maritime Masterplan 2024 to advance the development, construction and demonstration of a compact, modular carbon capture system to be installed aboard…
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Korean duo picks TMC Compressors for 32 ships set to work for ‘LNG shipping major’
Korean duo picks TMC Compressors for 32 ships set to work for ‘LNG shipping major’ Norway-based TMC Compressors has been hired by South Korea’s Samsung Heavy Industries (SHI) to supply marine compressed air systems for a set of liquefied natural gas (LNG) carriers the latter is building for an undisclosed national energy company. The post…
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ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025
ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025 With nearly $55 billion committed to the development of six government-sanctioned projects, ExxonMobil is going to remain hard at work during 2025 to develop the oil and natural gas resources at the Stabroek block off the coast of Guyana. The post ExxonMobil…
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Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag
Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag KCA Deutag has landed new multimillion-dollar drilling assignments and extensions across the Middle East, Africa, Latin America, and the UK. The post Batch of onshore and offshore drilling jobs brings $513 million to KCA Deutag appeared first on Offshore Energy. Melisa Cavcic…