Shelf Drilling has boosted its backlog further during the first quarter of 2023, despite experiencing a sequential decline in revenue.
In a surprising turn of events, the Supervisory Board of Belgian tanker major Euronav NV has announced the departure of CEO Hugo De Stoop with immediate effect, citing mutual agreement. The company said in a press release that the majority of the Supervisory Board supported the decision. The move co
The Philippines and Indonesia, which are home to just under 21% of the world’s crew members, are taking action to support their seafarers in developing modern skill sets as shipping decarbonizes. With 252,392 of the world’s seafarers, 13.3% of global crew members, calling the Philippines home, the c
According to a new study “Global Hydrogen Market Forecast to 2050,” published by Rethink Energy, the energy intelligence arm of Rethink Technology Research, the emergence of a global hydrogen marketplace of about six times the current market size now looks inevitable. In the study, Rethink predicted
Industry major A.P. Moller – Maersk (Maersk) has completed the divestment of Maersk Supply Service (MSS) announced two months ago. At closing, A.P. Moller Holding, the parent company of the A.P. Moller Group, will assume full ownership of MSS. Maersk Supply Service will continue trading under its cu
Cheniere Marketing International, a subsidiary of LNG producer and exporter Cheniere Energy, has signed a long-term LNG sale and purchase agreement (SPA) with the energy company Korea Southern Power (KOSPO). Under the SPA, KOSPO agreed to purchase approximately 0.4 million tonnes per annum (MTPA) of
The International Chamber of Shipping’s (ICS) Maritime Barometer Report 2022-2023 has revealed that uncertainty over fuel availability and infrastructure puts at risk ambitions to meet decarbonisation targets, reinforcing the need for a clear plan of action to mitigate risk.
Belgium-based Marlinks has secured its first major contract in Taiwan for the cable health monitoring services of the export and inter-array cables of the 1,044 MW Hai Long offshore wind farm. The contract awarded covers the design, supply, installation, commissioning of monitoring hardware, and ong
BSEE has examined the circumstances surrounding four recent high-potential, near-miss tagline entanglements during offshore operations.
An initiative of Germany’s natural gas industry Zukunft Gas, BDEW Federal Association of Energy and Water Industries and the DVGW German Technical and Scientific Association for Gas and Water have presented the “New Gases Transformation Path,” a plan for how the gas industry will become a hydrogen e
Qatar’s state-owned oil and gas company QatarEnergy has awarded the engineering, procurement and construction (EPC) contract for the North Field South (NFS) project to a joint venture of Technip Energies and Consolidated Contractors Company (CCC). As disclosed, the EPC contract is worth around $10 b
The LNG Canada project in the port of Kitimat, a joint venture of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation, is advancing works at its tug berth facility which will support HaiSea Marine’s new fleet of electric battery-powered and low-emissions tugboats. According
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has signed a deal that paves the way for the acceleration of the development of a commercial market for the transport and storage of CO2. Namely, the JV, which is developing a carbon capture and storage project
Qatar’s state-owned giant QatarEnergy has delivered the first liquefied natural gas (LNG) cargo paired with a Statement of Greenhouse Gas Emissions (SGE) to Singapore-based energy solutions provider Pavilion Energy.
