Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he
The Port of Rotterdam has launched ‘Switch to Zero’ campaign to promote the usage of sustainable fuels and encourage the industry to make a concrete contribution to reducing carbon emissions.
Norway’s DeepOcean and Akvaplan-niva, a subsidiary of the Norwegian Institute for Water Research (NIVA), have partnered up to cooperate on the potential use of remotely operated vehicles (ROVs) and unmanned glider vehicles (USVs) for environmental studies for offshore wind and oil & gas developments
A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo.
Aberdeen-based Balmoral Comtec has completed the installation of its manufacturing plant at its new composites facility at Montrose Port that will produce composite structures for subsea and offshore renewable energy sectors.
Finnish technology group Wärtsilä has been selected to provide cargo handling and fuel supply systems for Exmar LPG’s two LPG/Midsize gas carrier vessels.
Japanese shipping major Kawasaki Kisen Kaisha Ltd (K Line) has laid out its short-term investment plans in a newly released report, earmarking a significant portion for environmental initiatives. “First of all, we aim to invest a total of ¥250.0 billion ($1.85 billion), within the amount of operatin
Lloyd’s Register has awarded its first certification for an uncrewed surface vessel (USV) to the DriX maritime surface drone. The DriX USV, developed by iXblue and ECA Group under the new joint brand called Exail, has already received Bureau Veritas Approval in Principle (AiP). The new certification
Commodities trading group Trafigura has entered into a $3 billion four-year loan agreement guaranteed by the Federal Republic of Germany to secure gas supply. The loan is jointly arranged and underwritten by Deutsche Bank and another international bank and syndicated to a number of participating ban
Yinson Production, through its wholly-owned subsidiary, Yinson Azalea Production Pte Ltd, has entered into an agreement for preliminary activities with Azule Energy, through its wholly-owned subsidiary Eni Angola S.p.A, for the Agogo project in Angola. Under the agreement, the parties will commence
Serica Energy has found hydrocarbons in an exploration well in the North Sea off the UK, but the commercial quantity is yet to be determined.
The Port Authority of Valencia (PAV) has approved the construction project for the container quay of the north extension of the Port of Valencia worth around €1.56 billion ($1.58 billion).
China Merchants Energy Shipping (CMES) has revealed another order for two 175,000 cbm LNG carriers at compatriot shipbuilder Dalian Shipbuilding Industry Company. The company plans to allocate up to $235 million per vessel, pushing the total to $470 million. The shipping heavyweight said that the ve
Dutch geo-data specialist company Fugro has added a new geotechnical vessel, equipped with advanced deep-water technology, to its fleet. The vessel, named Fugro Quest, provides increased personnel and operational safety, whilst its energy-efficient design results, on average, in significantly lower
