Subsea 7 has reported a revenue of $1.2 billion for the first quarter of 2023, a 4 per cent increase compared to the same period last year, stating it is on track to achieve a higher whole-year revenue than in 2022. The revenue increase is said to reflect strong growth of 18 per cent in […]
Neptune Energy has started production from the 11th well at its operated gas field in the UK sector of the North Sea.
Japan’s energy major JERA, through its subsidiary JERA Asia, has signed a memorandum of understanding (MoU) with Summit Corporation, a subsidiary of Summit Power International, a power producer in Bangladesh, to collaborate on the development of LNG supply, storage, and regasification. More specific
Sweden’s newest major freight port, Stockholm Norvik, has been officially inaugurated by His Majesty The King and Her Royal Highness The Crown Princess of Sweden. Sweden’s newest freight port opened for business already in 2020. The opening, however, was just when the pandemic was at its height, whi
South Korean shipbuilding company Hyundai Mipo Dockyard, a part of HD Korea Shipbuilding & Offshore Engineering Co. (KSOE), has received a contract to build four liquefied petroleum gas (LPG) carriers.
Equinor has provided its safety results for the first quarter of 2023, showing no serious accidents and oil and gas leaks on record.
BW Offshore has secured a short-term contract extension for one of its FPSOs, which is working at a field located offshore the Ivory Coast.
Danish container shipping major Maersk is set to commemorate a significant milestone in the maritime industry as it prepares to host a series of events celebrating the first-ever voyage of a container vessel powered by green methanol. The festivities, which will take place from September 18 to 21 in
Saipem has been awarded a two-year extension by Eni for one of its drillships, which is currently working in the U.S. Gulf of Mexico.
Fincantieri, an Italian shipbuilding company, has delivered the newest cruise ship, Viking Saturn, to the Viking cruise line at its Ancona yard. The ship, which is the tenth of its class, has a gross tonnage of approximately 47,800 tons, 465 cabins, and a capacity of up to 930 passengers. The vessel
Hellenic Cables has signed an agreement with the Swedish energy company Vattenfall to supply inter-array cables for the Norfolk Offshore Wind Zone in the UK. Under the agreement, the Greek cable manufacturer will provide approximately 850 kilometres of aluminium cables which will be used to connect
Sustainable Marine, a company that achieved an important milestone for Canada with a first-ever grid-connected floating tidal energy platform in Grand Passage, has decided to withdraw its application for the development of projects in the Bay of Fundy due to the lack of a transparent regulatory proc
Italian classification society RINA has issued an Approval in Principle (AiP) for the design of a 21,000 cbm ammonia-fueled bunker tanker jointly developed by shipping company Fratelli Cosulich Bunkers Singapore and vessel design specialist SeaTech Solutions. The AiP was issued in compliance with th
Danish shipping giant A.P. Moller Maersk and ANL, a subsidiary of French shipping major CMA CGM have signed a Memorandum of Understanding (MoU) to explore the commercial feasibility of establishing a green methanol bunkering hub at the Port of Melbourne.
