Norwegian tanker owner and operator Frontline revealed its highest quarterly net income since the second quarter of 2008 standing at $240 million for the fourth quarter of 2022. “The fourth quarter of 2022 may have given us a preview of the years to come in the tanker market as Frontline posts its b
Fluxys LNG, a part of Belgian natural gas transmission operator Fluxys, has organised a subscription window for the commercialisation of berthing rights for the year 2023. According to Fluxys LNG, small-scale ship loading and unloading services were used more than ever and the market shows interest
Chicago-based ammonia producer CF Industries Holdings has signed a memorandum of understanding (MoU) with South Korean chemical company Lotte Chemical Corporation for a joint exploration of clean ammonia production and its long-term offtake into South Korea. The MoU will serve as a framework for the
The Australian Maritime Safety Authority (AMSA) issued a refusal of access direction notice on Monday to the Liberian-flagged container ship MSC Kymea II from Australian ports for 90 days. AMSA said that the notice followed months of sub-standard performance from the ship’s operator, MSC Shipmanagem
Everfuel, a Danish green hydrogen provider, and Hy24, managing a clean hydrogen infrastructure fund, have partnered up for the creation of a joint venture (JV) to finance the development of electrolyser capacity across the Nordics. The agreement includes plans to invest a total of €200 million in eq
Sparrows Group has appointed a drilling services manager for Europe, as it looks to reinvigorate its North Sea offering with drilling services capabilities.
Eni Angola, a wholly-owned subsidiary of Azule Energy, has awarded Malaysian FPSO operator Yinson with a contract to deliver a floating, production, storage and offloading (FPSO) asset for the Agogo field development located offshore Angola. Under the firm contract, Yinson will provide, operate and
Executives from ‘hard-to-abate’ industries have called for increased financing to support decarbonization efforts.
Norwegian shipowner Belships has entered into agreements to acquire three new Ultramax bulk carriers which are being constructed at Japanese shipyards. The Japanese-design Ultramax bulk carriers represent the highest quality and lowest fuel consumption available in the market today, Belships said. T
US-based Venture Global LNG has reached a project milestone with the raising of the roof of the first LNG storage tank at its Plaquemines LNG export facility under construction in Plaquemines Parish, Louisiana. According to Venture Global, the milestone was completed ahead of schedule and comes nine
Austria’s oil and gas company OMV has decided to explore the possibilities of selling its E&P assets in the Asia-Pacific region.
Enauta has completed the preventive maintenance activities for an FPSO, which is carrying out operations on a field offshore Brazil.
Noble Corporation has reaped the benefits of its combination with Maersk Drilling, as shown within its results for 4Q 2022.
The Sustainable Energy Authority of Ireland (SEAI) is busy with bringing forward its Atlantic Marine Energy Test Site (AMETS), a floating wind and wave energy technology test site which has been in development for several years now.
