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Illustration of FPSO for Bay du Nord oil project; Source: Equinor
Business & Finance

Canada’s stalled $12-billion oil project takes step forward with new FPSO awards

Equinor has started the ball rolling to develop its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador by awarding preliminary front-end engineering design (pre-FEED) work to BW Offshore and Altera Infrastructure.

about 1 year ago
Suez Canal
Business Developments & Projects

Suez Canal blockage caused Maersk to face $89M loss, increased CO2 emissions

The 2021 Suez Canal blockage resulted in a loss of nearly $89 million for Danish shipping giant Maersk Line, a new study found.

about 1 year ago
NFE's LNG terminal in Puerto Rico is adjacent to the power plant, which will initially operate on LNG but have the capacity to operate on hydrogen in the future; Source: New Fortress Energy
Business & Finance

US firm scores 20-year gas supply gig in Puerto Rico

U.S. energy infrastructure player New Fortress Energy (NFE) has secured a multi-year natural gas supply deal for a 478 MW combined-cycle power plant, which is currently under development in San Juan, Puerto Rico.

about 1 year ago
Darwin LNG; Source: Santos
Business & Finance

Duo exploring avenues for Australian LNG project’s expansion to enrich gas market

Santos has joined forces with Tamboran Resources Corporation to look into a potential enlargement of a liquefied natural gas (LNG) project in Darwin, with the idea of supplying more gas to the country’s domestic market and international LNG scene.

about 1 year ago
Belfast Harbour to invest around $387 million in port projects over next five years
Business & Finance

Belfast Harbour to invest around $387 million in port projects over next five years

Belfast Harbour, Northern Ireland’s principal maritime gateway and logistics hub, has unveiled a new strategy setting out a program to invest £313 million (approximately $387 million) in capital projects across the port and Harbour Estate over the next five years.

about 1 year ago
MPCC
Business Developments & Projects

MPCC welcomes first NCL-chartered methanol dual-fuel containership

Norwegian container tonnage provider MPC Container Ships (MPCC) has taken delivery of the first of two methanol dual-fuel 1,279 TEU containerships.

about 1 year ago
LNG
Market Outlooks

LNG is steady compass to net zero, SEA-LNG found

Global adoption and the growth of the liquefied natural gas (LNG) pathway in the maritime industry has witnessed ‘record’ heights in the year 2024, a new analysis from industry coalition SEA-LNG has found. According to SEA-LNG’s annual “View from the Bridge” report, the growth of LNG-fueled vessels

about 1 year ago
Dutch DEMCON unmanned systems has become the first USV developer and manufacturer in the Netherlands to achieve DNV Type Approval certification for its DUS V5750 unmanned surface vessel (USV).
Business Developments & Projects

DEMCON’s USV ‘first in the Netherlands’ to receive DNV type approval

DEMCON Unmanned Systems has become the first unmanned surface vessel (USV) developer and manufacturer in the Netherlands to obtain the DNV Type Approval certification for its DUS V5750 USV. According to DEMCON Unmanned Systems, the DUS V5750 USV received certification under the DNV Standard Craft (

about 1 year ago
President Lech Kaczyński LNG Terminal in Świnoujście has been in operation since 2016; Source: Gaz-System
Business & Finance

LNG terminal spreads its wings to level up Poland’s gas diversification and energy security

Gaz-System has expanded the regasification capacity at a liquefied natural gas (LNG) terminal in Świnoujście.

about 1 year ago
Red Sea
Infrastructure

Red Sea tensions ease, 25-strong Galaxy Leader crew released

Yemen’s Houthi group has released the crew of Galaxy Leader, a NYK-chartered pure car and truck carrier (PCTC) seized in November 2023.

about 1 year ago
Transocean Norge; Source: Transocean
Authorities & Government

All-systems-go for Transocean rig to spin the drill bit in North Sea

OMV has received a drilling permit from the country’s authorities for a wildcat well in the North Sea off the coast of Norway, enabling it to undertake drilling activities next month with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 1 year ago
Swiss Casale joins AM Green’s ammonia project in India
Business Developments & Projects

Swiss Casale joins AM Green’s ammonia project in India

AM Green has chosen Casale as its technology partner for the conversion of two grey ammonia plants into a green ammonia complex in Kakinada, India.

about 1 year ago
Norwegian seismic duo receives local clearance for merger
Business Developments & Projects

‘Advanced’ imaging centers launch in Brazil to boost offshore energy exploration

Norway-based energy data and intelligence company TGS has launched advanced imaging centers in collaboration with Brazilian state-owned energy giant Petrobras to improve subsurface data interpretation for the Campos and Santos basins offshore Brazil. TGS noted that these centers, based at Petrobras

about 1 year ago
Kuwait Petroleum Company
Business & Finance

Another oil & gas discovery of ‘great importance’ springs up offshore Kuwait

Kuwait Petroleum Corporation (KPC) has confirmed a large hydrocarbon discovery at an offshore field in the country’s territorial waters, bolstering its expectations of discovering more offshore oil and gas to boost the country’s energy arsenal.

about 1 year ago
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