Estonian energy company Eesti Gaas has made agreements with two large LNG terminals in the Finnish-Baltic region to bring a total of ten LNG cargoes by the fall of this year. Under the agreements, Eesti gas will bring three deliveries to the port of Klaipeda in Lithuania in the winter and seven to t
Finnish technology group Wärtsilä has been contracted to supply dual-fuel engines and high-performance axial flow waterjets for Baleària’s new high-speed RoPax ferry powered by liquefied natural gas (LNG).
Danish container shipping major Maersk is likely to pursue a development strategy outside of a carrier alliance once its partnership with MSC under 2M ends in 2025. The two liner majors announced the breakup two weeks ago hinting that the move would send shock waves across the container shipping ind
Baker Hughes’ rig count report: The number of offshore rigs in the U.S. dropped for the third week in a row, slipping to 12 units last week.
Gasgrid Finland, a Finnish state-owned company and transmission system operator, has announced that a joint hydrogen valley project, BalticSeaH2, between Finland and Estonia is underway. Gasgrid said the 5-year project will next proceed to the preparation of a financing agreement with the Clean Hydr
The UK government has launched a multi-million-pound Zero Emission Vessels and Infrastructure (ZEVI) competition to help decarbonise the UK’s maritime sector.
The Danish Ministry of Climate, Energy and Supply has granted the country’s first-ever permits for full-scale CO2 storage in the North Sea. In the first round of tenders for storing CO2 in the Danish North Sea, three permits have been awarded, two to TotalEnergies EP Danmark, and one to a consortium
Korean shipbuilder K Shipbuilding has secured an order for the construction of two 50,000 dwt MR tankers. The contract has been signed with an undisclosed Middle Eastern owner believed to be Al Seer Marine, a unit of Abu Dhabi-based International Holding Company. According to Clarksons, the two vess
Fugro, Ocean Infinity, and GEO.xyz have been awarded contracts by Energinet to provide geological and geophysical consultancy services for the potential development of offshore wind farms in the Danish North Sea, Danish Kattegat, and Danish Baltic Sea. The total value of the procurement, excluding V
Chairman and CEO of TotalEnergies, Patrick Pouyanné, has visited the Cabo Delgado province of Mozambique, where the Mozambique LNG project is located, to review the security and humanitarian situation. On 2 February, TotalEnergies informed that Pouyanné visited the Afungi industrial site, the resett
Westwood dives into upstream oil and gas trends in 2022, predicting that 2023 will also be marked by oil and gas price volatility.
A new week, new steps in the transformation of the offshore energy sector. In this process the industry is dealing with the energy trilemma: to provide energy that is secure, affordable and lower in carbon.
Being a front-runner, especially in the shipping industry, comes with a lot of risks. Being the first to enter a market or introduce a new product or service can give you a significant advantage over others, and even set the tone in the market. However, there is a great risk of failure bringing with
Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.
