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Illustration; Source: ARO Drilling
Business & Finance

New rig job lands on Seatrium’s table

Seatrium has emerged as the winner in an international tender from International Maritime Industries (IMI), said to be the largest shipyard in the Middle East and North Africa (MENA) region, for the supply of equipment and license for jack-up rig destined to work in the Middle East.

about 1 year ago
MSC
Business & Finance

Big plans for Moroccan port sector as MSC invests in new terminal

Following its French counterpart CMA CGM, Swiss shipping and logistics giant MSC has also decided to invest in the development of a container terminal at Nador West Med port in Morocco.

about 1 year ago
IMO
Regulation & Policy

IMO: Training of seafarers aboard clean fuels-powered ships made easier

The International Maritime Organization’s (IMO) sub-committee on Human Element, Training and Watchkeeping (HTW) has adopted draft interim generic guidelines for training seafarers working on ships powered by alternative fuels and new technologies. As disclosed, the draft guidelines are set to be sub

about 1 year ago
Ghana commits to greener shipping in ‘defining moment’ for national maritime sector
Business Developments & Projects

Ghana commits to greener shipping in ‘defining moment’ for national maritime sector

Ghana initiated work to develop a national action plan (NAP) to cut greenhouse gas (GHG) emissions from shipping.

about 1 year ago
FPSO Agogo; Source: Yinson Production
Business & Finance

Yinson Production names world’s first FPSO sporting post-combustion carbon capture tech

Yinson Production has held a naming and sailaway ceremony for an FPSO destined to operate off the coast of Angola, which is said to be the first of its kind that has been equipped with a post-combustion carbon capture pilot system to decarbonize operations.

about 1 year ago
An offshore platform
Business Developments & Projects

Shell taps Asian duo for ‘first major’ decom project offshore Brunei

Serikandi Hilong, a joint venture (JV) between Brunei’s Serikandi Oilfield Services and Hilong Group’s Hong Kong-based affiliate Hilong Marine Engineering, has won a contract with Brunei Shell Petroleum (BSP), a subsidiary of the oil major Shell, for the engineering, preparation, removal, and dispos

about 1 year ago
Global Underwater Hub, Scottish Enterprise team up to support floating wind supply chain
Business & Finance

Global Underwater Hub, Scottish Enterprise team up to support floating wind supply chain

Global Underwater Hub (GUH) and Scottish Enterprise have signed a memorandum of understanding (MoU) to collaborate on establishing a subsea supply chain ecosystem as a global centre of excellence for floating wind. The partners said on February 18 that the floating wind market was estimated to be wo

about 1 year ago
Shelf Drilling Scepter rig; Source: Shelf Drilling
Business & Finance

Chevron keeps offshore oil & gas search going by lengthening Shelf Drilling rig’s stay

Shelf Drilling (SHLF) has secured more drilling time with the U.S.-based energy giant Chevron for one of its jack-up rigs working off the coast of West Africa.

about 1 year ago
ship
Authorities & Government

South Korea’s revised certification rules to boost adoption of eco-friendly ship technology

South Korean Ministry of Ocean and Fisheries (MOF) has revised its operational guidelines for the eco-friendly ship and equipment certification system to include new certification standards for environmentally forward vessel equipment. As disclosed, the new standard will be effective starting Februa

about 1 year ago
green shipping corridors
Market Outlooks

Targeted support for e-fuels needed to ensure implementation of green shipping corridors, new report shows

Green shipping corridors could benefit from a global fuel standard (GFS) and regional policies, however, additional support would be needed to drive early adoption, a new report found. Under current and prospective policies from the International Maritime Organization (IMO), the European Union, and

about 1 year ago
Second H2Global tender worth €2.5 billion kicks off
Business & Finance

Second H2Global tender worth €2.5 billion kicks off

Germany-based Hintco, an intermediary for purchasing and selling green power-to-X (PtX) products within the H2Global funding mechanism, has launched the second tender worth €2.5 billion.

about 1 year ago
work-class remotely operateed vehicle (ROV), XLX EVO III Render. Source: FET
Business & Finance

UK firm rolls out new remotely operated vehicle for subsea operations

UK’s Forum Energy Technologies (FET) has introduced its ultra-heavy-duty work-class remotely operated vehicle (ROV) designed to enhance subsea operations with increased payload capacity and advanced control capabilities. According to FET, the XLX EVO III ROV features larger thrusters for improved th

about 1 year ago
An offshore platform
Business & Finance

Occidental selling upstream assets to slash debt

Occidental (Oxy) has made progress on its debt-reduction plan by reaching a near-term debt repayment target and signing two agreements to divest upstream assets to undisclosed buyers.

about 1 year ago
Navigator Gas
Business Developments & Projects

Navigator Gas welcomes first of three new ethylene carriers to its fleet

Navigator Gas has completed the acquisition of the first of three new 17,000 cbm liquefied ethylene gas (LEG) carriers.

about 1 year ago
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