A consortium led by American asset management giant BlackRock and Switzerland-based Terminal Investment Limited (TiL) have revealed intentions to buy the majority of port holdings belonging to Hong Kong-based CK Hutchison in a deal estimated at $22.8 billion. According to a joint statement by the pa
One of the semi-submersible rigs, owned by Transocean, is on the move to reach an offshore site where it will embark on a multi-well drilling campaign to unlock natural gas from a project in the Black Sea.
The maritime industry has witnessed the resurgence of engine retrofits to LNG marine fuel in 2024 as shipowners’ short-term solution for immediate carbon reductions amid strengthening regulatory requirements, Lloyd’s Register (LR) found in its latest Engine Retrofit Report.
Oslo-listed oil and gas E&P player BW Energy has made what it says is a “substantial” oil discovery at a field in the Dussafu license off the coast of Gabon, Africa, using a Borr Drilling jack-up rig.
MODEC has achieved further progress in the construction of a floating production, storage, and offloading (FPSO) destined for a big upcoming natural gas project off the coast of Brazil, thanks to the workers hired to turn the unit plan into reality, hitting 1 million work hours without lost time acc
The U.S. Department of Energy (DOE) has handed out its third liquefied natural gas (LNG) approval since President Donal J. Trump returned to the White House, enabling more time to start LNG exports from the Golden Pass LNG terminal (GPX) export project in Sabine Pass, Texas.
After finalizing the acquisition of 95% of the shares of the UK-based midstream LNG & BioLNG company Avenir LNG, Stolt-Nielsen, a Norway-based company specializing in chemical and bulk liquid transportation and storage, has disclosed its intention to buy the latter’s remaining shares.
Dalian Shipbuilding Industry (DSIC), a subsidiary of China State Shipbuilding Corporation (CSSC), has started building Hong Kong-based shipping company Wah Kwong’s second LNG vessel G175K-13.
Dutch shortsea ship operator and logistics company Longship recently took delivery of the 8,600 dwt ultra-low emission diesel-electric general cargo vessel Longearth, the third in a series of four units booked at Türkiye’s Atlas Shipyard. As disclosed, the Groningen-headquartered shipping player hel
Houston-based energy player Vaalco Energy has entered into a revolving credit facility to provide short-term funding for its planned investment programs over the next few years.
Allseas’ recently converted shallow-water pipelay barge has completed nearshore construction activities for the Darwin Pipeline Duplication project being developed by Australian energy giant Santos offshore Northern Australia. The flat-bottom, anchored barge Sandpiper carried out the work to deliver
BP has made another gas discovery in the Mediterranean region within the Egyptian Exclusive Economic Zone (EEZ).
Singapore-registered conventional bunker ships will be allowed to carry and deliver biofuel blends up to B30 without separate approval, the Maritime and Port Authority of Singapore (MPA) revealed.
The European Commission is pushing for a workforce shift as part of its Clean Industrial Deal, encouraging offshore oil and gas workers to transition into renewables, mainly offshore wind and ocean energy. Commission President, Ursula von der Leyen said: “Here we need your input. For example, on how
