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Main Pass IV jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling rig scores new gig offshore Nigeria

Shelf Drilling (SHLF) has landed a new drilling assignment for one of its jack-up rigs off the coast of Nigeria in West Africa.

about 1 year ago
Renewable energy company SwitcH2 has partnered with Swedish company CorPower Ocean to develop an industrial-scale floating green ammonia production facility partially powered by wave energy.
Business Developments & Projects

Wave energy added to wind and solar mix to power floating green ammonia project

Renewable energy company SwitcH2 has partnered with Swedish company CorPower Ocean to develop an industrial-scale floating green ammonia production facility partially powered by wave energy. The project, backed by Norway-based BW Offshore and Dutch Oceans Capital, aims to combine wind, solar, and w

about 1 year ago
An offshore platform with a large vessel surrounded by several smaller vessels next to it
Business & Finance

Shell and QatarEnergy team up to supply China with LNG

Two energy giants, Qatar’s state-owned QatarEnergy and UK-headquartered Shell, have inked a new long-term sale and purchase agreement (SPA) with an undisclosed client to deliver liquefied natural gas (LNG) to China.

about 1 year ago
FSO concept for Murphy's oilfield; Source: Yinson Production
Business & Finance

US player entrusts Yinson Production and PTSC JV with FSO for Asian offshore oil project

A joint venture consisting of PTSC and Yinson Production has been put in charge of the provision, charter, operation, and maintenance of a floating storage and offloading (FSO) vessel destined for an oilfield development project in the Cuu Long Basin off the coast of Vietnam in Southeast Asia, which

about 1 year ago
Forging ahead with fleet renewal, Maersk books 20 new dual-fuel ships
Business & Finance

Forging ahead with fleet renewal, Maersk books 20 new dual-fuel ships

Maersk has concluded agreements with three shipyards for the construction of 20 container vessels equipped with dual-fuel engines, rounding off the newbuilding orders revealed in August 2024.

about 1 year ago
Vertom
Vessels

Vertom takes delivery of first diesel-electric 6,000 dwt vessel from Chowgule Shipyards

Dutch short-sea shipping company Vertom Group has taken delivery of MV Vertom Rita, the first of a series of twelve diesel-electric short-sea vessels ordered from Chowgule Shipyards in India.

about 1 year ago
Bundled Uraduct for CHPE project; Source: CRP Subsea
Business & Finance

UK firm’s cable protection solution enhances US-Canada renewable underwater energy link

CRP Subsea, part of AIS, has been picked to provide a protection solution for two high-voltage direct current (HVDC) cables and a fiber optic cable (FOC) for an underwater green electricity project between the U.S. and Canada.

about 1 year ago
A large vessel at sea
Business & Finance

Local player joins FLNG project seeking to make Argentina an LNG exporter

Argentina’s oil and gas firm YPF has joined a floating liquefied natural gas (FLNG) project being co-developed by Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure Golar LNG and Latin American integrated energy company Pan American Energy (PAE) in Argen

about 1 year ago
Scandlines links up with Caterpillar to explore use of e-methanol on hybrid ferries
Business Developments & Projects

Scandlines links up with Caterpillar to explore use of e-methanol on hybrid ferries

Pursuing the goal of zero direct emissions by 2040, Scandlines signed an MoU with Caterpillar Motoren to investigate the use of e-methanol on MaK-powered ferries.

about 1 year ago
Base Materials has secured DNV type approval for its Subtec 11500 syntactic buoyancy material, enabling its use in subsea applications down to 11,500 meters.
Business Developments & Projects

UK firm achieves DNV type approval for subsea syntactic buoyancy offering

UK-based syntactic materials company Base Materials has secured DNV type approval for its syntactic buoyancy material, enabling its use in subsea applications down to 11,500 meters. According to Base Materials, the company became the first in the sector to secure DNV approval of manufacture (AoM) fo

about 1 year ago
Noble Invincible; Source: Noble Corporation
Authorities & Government

New North Sea oil discovery springs up as Othello opens new play in ‘dry belt’

DNO has made a new oil discovery in the southern North Sea on the Norwegian Continental Shelf (NCS), which is described as a play opener in an area previously dubbed ‘the dry belt,’ where little exploration interest was noted in recent years.

about 1 year ago
SunStone
Vessels

Seventh SunStone Infinity class newbuilding launched in China

Florida-based expedition cruise ship owner SunStone Ships, part of SunStone Maritime Group, has launched the seventh and final Infinity Class series vessel—the Douglas Mawson— during a ceremony held at China Merchant’s Heavy Indstry (CMHI) in Haimen China. Following sea trials which are projected fo

about 1 year ago
SAAM Towage
Outlook & Strategy

With eyes on the horizon, SAAM Towage unpacks its new sustainability strategy

Marking 63 years in business, Chile-based tugboat operator SAAM Towage has unveiled its 2030 Sustainability Strategy, which outlines a “clear path forward” for the company as it sails toward its decarbonization ambitions. The company disclosed that its sustainability strategy is supported by four pi

about 1 year ago
UK ETS
Rules & Regulation

UK ETS Authority seeks to include shipping sector in the scheme

The UK Emissions Trading Scheme (UK ETS) Authority has unveiled it is consulting on proposals to expand the scheme and include emissions from the maritime sector and recognize non-pipeline transport methods, such as shipping, road, or rail, for moving captured carbon into geological storage.

about 1 year ago
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