Aker BP has kicked off production from a field in the North Sea off Norway, after fast-tracking the development to achieve the first oil.
Aramco has posted its highest annual profit ever as a listed company, totalling $161.1 billion, amid high demand, tight supply and elevated oil and gas prices.
The world’s largest container shipping company MSC is delivering on its promise to inject massive vessel capacity into its fleet this year. Namely, the Swiss-based container shipping giant has welcomed into the fleet another giant 24,000 TEU vessel, MSC Irina, which was built by Jiangsu Yangzi Xinfu
Haugesund Knutsen, the first small-scale LNG bunkering vessel built in Spain, has completed its first LNG bunkering operation. The ship-to-ship LNG bunkering operation took place on 13 March at the port of Barcelona where Haugesund Knutsen delivered LNG to Costa Smeralda cruise ship owned by Italian
Korean shipbuilding giant, Korea Shipbuilding & Offshore Engineering (KSOE), has unveiled the design of a small modular reactor (SMR)-powered ship, Business Korea reports. This marks the first time a Korean company has revealed such a detailed design concept for an SMR-powered vessel as nuclear powe
Following the investigation report about a fatality aboard a drillship in the Gulf of Mexico, BSEE has outlined that the lack of training with hydraulic torque wrench contributed to the fatality.
Chemical company Unigel and thyssenkrupp nucera, provider of technologies and comprehensive solutions for high-efficiency industrial scale electrolysers, have signed a Memorandum of Understanding (MoU) to increase the capacity of the green hydrogen plant that Unigel is developing in Bahia, Brazil, f
Closing an exception year, Israeli container shipping heavyweight ZIM is bullish on the outlook, especially as it starts to welcome LNG-powered newbuilds into the fleet. The company reported total revenues for the full year of 2022 worth $12.56 billion, compared to $10.73 billion for 2021, primarily
Poland’s natural gas transmission system operator GAZ-SYSTEM has launched a non-binding market screening procedure to identify the demand for additional regasification capacity of the floating storage and regasification unit (FSRU) in the Gulf of Gdańsk area. Pursuant to the assumptions set out in t
On 9 March, the Biden-Harris administration released the President’s Budget for Fiscal Year (FY) 2024, with funds for federal agencies’ activities in offshore wind proposed to be increased. The budget also supports the agencies’ work on the next National OCS Oil and Gas Leasing Program, however, in
Danish wave energy company Wavepiston has reached 130% of its initial crowdfunding target, as the campaign remains open for two more days.
SSE Renewables, Marubeni Corporation, and Copenhagen Infrastructure Partners (CIP), the consortium behind Ossian floating offshore wind farm in Scotland, have awarded the contract for geotechnical investigations to Fugro and Ocean Infinity. The Netherlands-based Fugro will focus on downhole geotechn
Monaco-based company Scorpio Tankers has given the notice to exercise its purchase options on six product tankers.
In a push to decarbonise operations at its facilities, California’s Port of Oakland, the fifth busiest container port in the US, has approved an environmental ordinance calling for its seaport tenants to develop a plan to reach zero emissions from cargo handling operations. The Oakland Board of Port
