Petronas is anticipating further uncertainty for oil & gas business as the energy transition sets new challenges and spreads over the sector.
Russia’s the oil output expected to rise by 5 per cent next year and reach its pre-pandemic level by May 2022.
Pacific Ineos Belstaff, the world’s largest very large ethane carrier (VLEC), has been named and delivered in China.
The world is changing. We’re rapidly moving away from fossil fuels as our main source of energy. The offshore market has an import role to play in delivering alternatives but it also has to lead by example. Today, hydraulics is the technology of choice to provide enough power for the motion control
Vaalco Energy has filed a $150 million shelf registration statement with the SEC to support the pursuit of ‘future growth objectives.’
Harbour has completed the drilling of the Dunnottar exploration well in the UK North Sea, encountering marginal hydrocarbon accumulations.
French tidal energy company Sabella has performed ‘successful’ tests on the next generation tidal turbine blades as part of the RealTide project.
Norwegian shipowner Belships has entered into an agreement with an undisclosed client for the sale of its 58,000 dwt supramax bulk carrier.
Offshore vessel operator S.D. Standard Drilling has sold one of its large-sized platform supply vessels (PSVs) for $10.3 million.
The gas-in procedure for the second string of the Nord Stream 2 pipeline has been completed, according to a project update from 29 December. The string is filled with circa 177 million m3 of so-called technical gas, reaching a pressure of 103 bar in the pipeline, said to be as planned and in line wi
The Belgian Port of Zeebrugge, one of Western Europe’s important energy hubs, has welcomed the new wind farm consisting of five wind turbines as a part of the “clean port strategy”.
On December 29, a 24,000 TEU containership ordered by Taiwan’s Evergreen Group was launched at Hudong-Zhonghua Shipbuilding’s Changxing Shipbuilding Base.
Shipping and tank terminal company Odfjell is investing in the construction of a new tank bay at Odfjell Terminal Houston (OTH) as part of its support for ongoing regional growth in the chemical industry.
On 28 December, the groundbreaking ceremony has been held for the third liquified natural gas (LNG) carrier built by the Chinese shipyard Hudong-Zhonghua Shipbuilding for the leasing entity of the CSSC Group.
