Transocean has kicked off a private offering of $1.175 bln of secured notes due in 2030 to cover the redemption of outstanding existing ones.
British energy company BP has revealed plans to evaluate the feasibility of building a new hydrogen hub and utilise repurposed oil and gas facilities to transport hydrogen in Germany. According to BP, the project would be located in Wilhelmshaven and include an ammonia cracker which could provide up
Belgian tanker shipping giant Euronav has filed a request for emergency arbitration over Frontline’s decision to end the planned merger of the two companies. “Euronav is requesting to suspend such termination pending a determination on the merits pursuing primarily the specific performance of the co
Energy infrastructure company Gasunie has partnered up with the storage operator STORAG Etzel for H2CAST, the hydrogen storage project in the Etzel caverns in the German state of Lower Saxony. Gasunie said that with H2CAST, which stands for H2 CAvern Storage Transition, the two companies, together w
Beijing-listed Fujian Guohang Ocean Shipping has announced that it plans to order four 73,800 dwt bulk carriers with Jiangsu Haitong Offshore Engineering Equipment. Under the terms of the contract, the Chinese shipowner has the option to order two additional Panamax dry vessels from the series. The
Isle of Man-based Crogga Limited has awarded Aberdeen-based energy services company THREE60 Energy with a contract to drill an appraisal well this year in the Crogga gas field in the Irish Sea. The 112/25a-2 appraisal well, called Independence, will be used to establish commercial flow rates of gas
Following discussions and technical evaluation, American oil and gas corporation ExxonMobil has awarded German-based chemical producer BASF with a technology qualification for its Durasorb™ Cryo-HRU technology. This means that Durasorb Cryo-HRU is now available to ExxonMobil project managers and pro
Germany’s newly founded state-owned company that is in charge of five floating storage and regasification units (FSRUs) chartered for the country’s LNG terminals has started its business operations. On 16 January, Federal Ministry of Economic Affairs and Climate Action (BMWK) said that Deutsche Ener
German engine manufacturer MAN Energy Solutions (MAN ES) has revealed that its division MAN PrimeServ will perform optimisation of the propulsion drivetrain of Solvang ASA’s gas tanker.
Some 78% of industry professionals agree that change and technological innovation are positive things for the maritime industry, according to a report by Wärtsilä Corporation. However, almost half (45%) admit to having a volatile attitude towards technology and over a third (36%) say they are active
The U.S. Department of Energy (DOE) is allocating $400,000 in funding for research at the University of Guam to explore the potential for ocean energy systems (OES) to power the proposed Guam Aquaculture Innovation Center.
Dutch shipping company Symphony Shipping has taken delivery of its first Ecobox XL general cargo vessel from compatriot shipbuilder Ferus Smit Shipyard.
MODEC’s new FPSO has arrived in Brazil to get ready for work in the pre-salt Santos Basin for the country’s energy giant, Petrobras.
The UK’s 33rd offshore oil and gas licensing round has attracted a total of 115 bids across 258 blocks and part-blocks from 76 companies.
