Nord Stream 2 AG, the Switzerland-based company that built the namesake Germany-Russia gas pipeline, is considering filing for insolvency following U.S. sanctions, according to Reuters. Nord Stream 2 AG is working with a financial advisor to clear some of its liabilities and could formally start ins
Germany’s bank KfW IPEX-Bank is providing a €29 million (about $32 million) loan for the financing of three 4,250 dwt ECO cement carrier newbuildings for Cyprus-based shipping company Eureka Shipping.
New York-based LNG infrastructure company New Fortress Energy (NFE) has signed a deal with Italian energy giant Eni to deploy its Fast LNG floating liquefaction technology off the coast of Congo.
Following repairs, Jadestone Energy has restored full production at the Montara field, located in the Timor Sea off Australia.
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered Calluna Gas, a liquefied petroleum gas (LPG) powered very large gas carrier (VLGC) to compatriot tanker owner and operator IINO Kaiun Kaisha.
Gastrade is planning the Thrace INGS project that will include its second floating storage and regasification unit (FSRU) at the Sea of Thrace, offshore Alexandroupolis.
Shearwater GeoServices has won a contract with Lundin Energy Norway to deliver a 4D ocean bottom seismic (OBS) survey at the Edvard Grieg field. The SW Cook and SW Tasman will conduct the one-and-a-half-month project (3 vessel months) in the North Sea during the 2022 summer season using its Qseabed
Scottish company Mocean Energy has secured €875,000 to accelerate the commercial roll-out of its wave energy technology and drive its adoption in offshore oil and gas sector.
In response to Russia’s attack on Ukraine, the U.S. and 30 countries have committed to releasing 60 million barrels of oil from strategic reserves.
Russian ships have been banned from UK ports, following a fresh raft of UK sanctions against Russia on 1 March 2022.
Felicity Ace, the 6,400 CEU car carrier which caught fire on 16 February while crossing the Atlantic Ocean lost stability and sank yesterday, 1 March, after attempts to be towed to safety.
Finnish shipbuilder Työvene and Maritime office of Gdynia has signed a contract worth €20 million for the construction and delivery of a trailing suction hopper dredger (TSHD). According to shipbuilder, the order is a result of a tender where the design developed by Työvene and Dutch partners C-Job
The Danish Environmental Protection Agency (DEPA) has issued a new environmental permit for the Baltic Pipe project, allowing Energinet to restart construction on parts that have been on pause since spring last year. Construction on parts of the project in the eastern part of the Jutland peninsula a
U.S. energy major ExxonMobil is planning a hydrogen production plant and one of the world’s largest carbon capture and storage (CCS) projects at its site at Baytown, Texas.
