A joint venture between KBR and SOCAR has been awarded a contract by BP for the delivery of an unmanned compression platform in Azerbaijan.
The Suez Canal Container Terminal (SCCT), majority owned and operated by Maersk’s APM Terminals, has signed a concession agreement with the Suez Canal Economic Zone (SCZONE) for the expansion of the terminal. The $500 million agreement purports “financing, design, construction, management, and opera
Dutch Marine Energy Centre (DMEC) and Australian Ocean Energy Group (AOEG) have entered into formal collaboration with the joint goal to accelerate international development of the ocean energy industry.
Subsea 7 has reported a revenue of $1.4 billion for the third quarter of 2022, a decrease of $47 million or 3% compared to Q3 2021, mainly due to a drop in revenue in the Subsea and Conventional business unit. Revenue for the third quarter of the Subsea and Conventional unit was $990 million, a [&he
The potential of vibration monitoring on winch systems The current As a result of the current surge in sustainability developments in the maritime sector, a major shift is taking place in winch technology. After having dominated the playing field for decades, hydraulic winches are losing ground to e
UK’s Unite the union has confirmed that around 146 offshore workers have opted to take strike action due to a dispute over pay and benefits.
US energy infrastructure company New Fortress Energy (NFE) expects to sign an agreement next week with the Mexican government for the development of a liquefied natural gas (LNG) project associated with Mexico’s Lakach offshore gas field, Reuters reported. According to reports, the announcement was
U.S.-based cruise shipping company Disney Cruise Line has decided to acquire cruise ship Global Dream, currently under construction at German shipyard Meyer Werft
Repurposing existing vessels as an answer to rising prices and a changing climate The maritime industry has a lot to consider right now. We live in a time of challenging economic circumstances, frequently changing regulations, and all the complexities of a climate crisis. Collectively, these factors
Circular Maritime Technologies (CMT), a Dutch startup targeting to automate shipbreaking processes, has secured an EU subsidy that would help the company take the project to the next stage of development. CMT said that it won a subsidy as part of the Kansen voor West III, a program largely financed
Norwegian oil and gas company OKEA is reducing its production outlook for 2023 following news that limited production is expected from a field in which it had recently purchased a stake. Operator Wintershall Dea Norge informed OKEA that issues with the water injectors at the Nova field may limit its
Sempra Infrastructure, a subsidiary of Sempra, has entered into heads of agreement (HOA) with Williams for the offtake of liquefied natural gas (LNG) and development of associated natural gas pipeline projects to further connect US natural gas supplies in the Gulf Coast region to markets around the
Offshore Energy Exhibition & Conference 2022 (OEEC) will open its doors in less than two weeks. On the 29 & 30 November, the entire industry comes together in RAI Amsterdam to connect, discuss, share knowledge, meet and network. Content program Different markets meet under one roof to foster bus
Following a drone attack on an oil tanker off the coast of Oman, the U.S. Central Command has put the blame on Iran.
