Qatar Gas Transport Company (Nakilat) and its subsidiaries have achieved a consolidated net profit of QAR 1,44 billion ($395.3 million) in the fiscal year 2022, a significant increase of 6.3%, as compared to QAR 1,35 billion ($372 million) in 2021. It also achieved revenues of QAR 4,4 billion ($1.20
Norway-headquartered Reach Subsea has achieved “record” high revenue and operating profit for the full year and fourth quarter of 2022, with its order backlog seven times higher than in the year earlier. For the full year of 2022, revenue grew to NOK 1,163 million (around €107.3 million) whereas EBI
Japan-based technology company Eco Marine Power (EMP) has been hired by an unnamed shipping company based in the United Arab Emirates (UAE) to undertake a joint Eco Ship technical study related to renewable energy solutions for ships. EMP said that the study will also include investigating innovativ
Oil and gas company Energean has tucked another milestone under its belt with the first ever lifting of an Israeli crude oil cargo.
Dutch energy infrastructure firm Gasunie has decided to continue exploring further options for expanding existing capacity at Eemshaven and Gate terminals instead of adding a new floating LNG terminal in the port of Terneuzen which proved to be unfeasible in the short term. The move is part of Gasun
China’s shipping heavyweights COSCO Shipping Corporation Limited and COSCO Shipping Development have spearheaded the establishment of the China Electric Ship Innovation Alliance. The founding members represent over 80 companies from various industries including electric-powered propulsion, vessel de
IK-Subsea, a Norwegian supplier of subsea products and services, has started a project to deliver a new tooling solution to an undisclosed Norwegian oil and gas company.
China’s Penglai Zhongbai Jinglu Shipbuilding (Jinglu Shipyard) has delivered a next-generation MR tanker to Singapore-based shipowner Raffles Shipping.
Offshore drilling contractor Valaris has revealed that one of its semi-submersible rigs embarked on a drilling assignment with Italy’s Eni offshore Mexico.
German energy company RWE and global logistics company VTG have signed a Memorandum of Understanding (MoU) to jointly develop a logistics concept for supplying customers with ammonia. It includes exploring delivery routes and determining the necessary filling and transport capacities. The MoU builds
Voyage optimization can reduce emissions by 7.3% and extend CII compliance by up to three years, according to the findings of a study conducted by maritime software and data analysis expert NAPA and classification society ClassNK with Marubeni Corporation. The joint research was carried out using NA
Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Norwegian state-owned energy giant Equinor has officially opened the second phase of the Johan Sverdrup field located in the North Sea offshore Norway, following the start of production in December 2022. Norway’s Minister of Petroleum and Energy Terje Aasland made the official opening on 13 February
Neste’s Engineering Solutions has completed the construction work of the 2.2-kilometre gas transmission pipeline for Gasgrid Finland’s floating LNG terminal vessel FSRU Exemplar in the port of Inkoo. Finnish transmission system operator Gasgrid recently implemented the country’s first FSRU-based ter
