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A view of a bridge on an offshore platform at sunset
Authorities & Government

Five years of emission cuts bring UK’s 2030 oil & gas decarbonization targets within reach, but more needed for cleaner energy

Based on the latest report on emissions in the oil and gas industry by the UK’s regulator, the North Sea Transition Authority (NSTA), progress has been made on the decarbonization journey, however, additional effort is still required to ensure the industry will meet key emissions targets and adopt l

about 1 year ago
FPSO Atlanta; Source: Yinson Production
Authorities & Government

Brazilian firm awaits go-ahead for first oil as recently converted FPSO gets cleared for work

Brava Energia has obtained the required approval to deploy a floating production, storage, and offloading (FPSO) vessel for operations off the coast of Brazil and is now waiting to get a green light to start production at an oil field in the Santos Basin, where this FPSO will be in operation.

about 1 year ago
US Gulf Coast LNG bunker terminal secures gas supply
Business Developments & Projects

US Gulf Coast LNG bunker terminal secures gas supply

The first dedicated LNG bunkering facility in the U.S. Gulf Coast, Galveston LNG Bunker Port (GLBP) – a joint venture between U.S. maritime infrastructure company Seapath and Houston-based clean energy solutions provider Pilot LNG – has formed a partnership with North American midstream company Ener

about 1 year ago
Hefring Marine
Business Developments & Projects

Hefring Marine and BluePass team up to improve maritime technology in the Arabian Gulf

Icelandic marine technology and vessel intelligence systems provider Hefring Marine has entered a partnership with the UAE-based digital maritime and logistics platform BluePass aiming to introduce its solutions to companies and government entities and enhance environmental sustainability in the Ara

about 1 year ago
Design of BP's Kaskida FPU in Gulf of Mexico; Source: Exmar Offshore
Authorities & Government

BP enlists ABS for floating production unit destined to be deployed at its oil project in Gulf of Mexico

BP has tapped the American Bureau of Shipping (ABS) for a batch of services related to its floating production unit (FPU), which is destined to work at its sixth-operated deepwater project in a prolific high-margin basin within the U.S. Gulf of Mexico.

about 1 year ago
RMC delivers LNG-powered Spirit of Tasmania IV to TT-Line
Business Developments & Projects

RMC delivers LNG-powered Spirit of Tasmania IV to TT-Line

Finnish shipbuilder Rauma Marine Constructions (RMC) has delivered Spirit of Tasmania IV, an LNG-powered car and passenger (RoPax) ferry, to Tasmanian TT-Line Company.

about 1 year ago
Structural twin for FPSO can unlock multimillion dollar savings for offshore energy production; Source: Akselos
Business & Finance

FPSO structural twin enabling assets’ life extension and multimillion-dollar savings for oil & gas operators

Akselos has unveiled its structural performance management (SPM) software designed to enhance asset performance, ensure uninterrupted operations, and extend the asset life of floating production, storage, and offloading (FPSO) vessels.

about 1 year ago
Odfjell
Collaboration

Odfjell joins Achilles Maritime Network, raising total fleet to over 1,500 vessels

In a move that could strengthen the push for sustainability in maritime, Norwegian shipping company Odfjell has recently joined the UK-based supply chain risk management solutions provider Achilles’ digital platform dubbed the Achilles Maritime Network, bringing the total number of vessels within th

about 1 year ago
KNCC LCO2 carrier with LCO2-EP containment system
Research & Development

KNCC and PACE complete study on high pressure LCO2 shipping

Knutsen NYK Carbon Carriers AS (KNCC), a joint venture company between NYK Line and Knutsen Group, and Pace CCS (Pace) have completed a joint study to assess CO2 specification of elevated pressure (EP) shipping.

about 1 year ago
Illustration; Source: Nexans
Business & Finance

Nexans sets aside €90 million to support European offshore wind growth

Nexans, a French manufacturer of subsea power cables, has unveiled a €90 million investment to build new and upgrade existing facilities to support the growth of offshore wind in Europe. The investment will begin in 2025 and run through 2026 when the work is planned to be completed. The funding will

about 1 year ago
MMMCZCS
Market Outlooks

IRENA: Renewable hydrogen sector to potentially reshape global energy trade

The renewable hydrogen sector could play a crucial role in reshaping global energy trade, creating opportunities for new players, including developing countries, a new IRENA report found.

about 1 year ago
Four persons with flashlights inspecting the interior of a metal construction
Business & Finance

Eight new LNG carriers to feature French firm’s tanks

France’s technological containment specialist Gaztransport & Technigaz (GTT) has been hired by two Korean shipyards to design tanks for two sets of four new liquefied natural gas carriers (LNGCs) on behalf of an undisclosed shipowner.

about 1 year ago
An illustration showing two onshore plants
Business & Finance

New offtake deal takes Texas LNG project to FID-ready stage

Texas LNG, a subsidiary of Glenfarne Energy Transition has signed another heads of agreement (HOA) for a long-term supply of liquefied natural gas (LNG) from its proposed facility in Texas’ Port of Brownsville. Thanks to the latest agreement, the developer says it has the customer offtake commitment

about 1 year ago
Crown LNG plans to utilize gravity-based structures for LNG regasification and liquefaction facilities; Source: Crown LNG
Business & Finance

Crown on the lookout for new LNG opportunities but postpones sanctioning of FSRU project in UK

Crown LNG has bumped to next year the final investment decision (FID) for its planned and fully owned floating liquefied natural gas (FLNG) import terminal in Scotland’s Firth of Forth.

about 1 year ago
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