Sustained high prices over the past year have eroded the economic case for liquefied natural gas (LNG) and hurt LNG sales in key Asian markets, a new report released by the Institute for Energy Economics and Financial Analysis (IEEFA) shows.
BP has started a planned maintenance programme on the Shah Deniz Alpha platform and Shah Deniz 1 facilities inside the Sangachal Terminal in Azerbaijan.
Bombora Wave Power has completed tank testing of its floating foundation system suitable for the InSPIRE solution, which combines the mWave wave energy technology with a wind turbine onto a single floating offshore platform.
Taiwanese shipping company Wan Hai Lines has acquired four 3,000 TEU containerships from compatriot shipbuilder CSBC Corporation. The purchase was revealed in a stock exchange filing on August 12. The company said that it was paying $53～55 million for each vessel bringing the total value of the cont
The Norwegian offshore safety regulator followed up an audit of Saipem’s rig with an order to the offshore drilling contractor.
Singapore-based shipyard group PaxOcean Engineering has signed a memorandum of understanding (MOU) with compatriot bunker vessel operator Hong Lam Marine and French classification society Bureau Veritas (BV) to jointly develop an ammonia bunker vessel design.
A.P. Moller – Maersk and the Suez Canal Authority (SCA) have signed a $500 million deal for the development of the Suez Canal Container Terminal (SCCT) in East Port Said. The investment includes a new 1,000-meter container berth adjacent to the existing 500-meter one, as well as additional cranes to
Energy services provider Hunting PLC has secured a contract to provide titanium stress joints for Beacon Offshore Energy’s Shenandoah development in the Gulf of Mexico (GoM). Under the contract, Hunting will provide two 10.75” Titanium Grade 29 stress joints utilised for production, one 16” Titanium
Solstad Offshore has secured a contract extension for one of its AHTS vessels in Norway and a new assignment for another one in Brazil.
Sanctions imposed on Iran and Russia will hamper the sourcing of goods for the development of Iranian offshore gas fields, says Rystad.
The maritime industry is forecast to spend $931 million on artificial intelligence (AI) solutions in 2022, according to a recent report published by Lloyd’s Register in cooperation with Thetius. That figure is expected to more than double in the next five years to $2.7 billion by 2027, a compound an
Offshore substation engineering company Semco Maritime has selected Roxtec to deliver cable and pipe seals for low, medium and high-voltage applications to multiple offshore wind projects in the US and Asia. Following the long cooperation, the companies have entered into a three-year agreement under
Dutch marine biofuels provider GoodFuels has supplied sustainable marine biofuel to NYK’s bulk carrier MV Frontier Explorer, in the first such delivery to a maritime client since the company opened its Singapore office.
Swedish Furetank AB and Canadian Algoma Central Corporation are entering into a joint venture agreement to build four dual-fuel product tankers intended to trade in Northern Europe. Each company will own 50% of the joint venture, which will be named FureBear. The vessels will be constructed at China
