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Bahri
Vessels

Bahri snaps up 9 VLCCs for $1bln as part of ‘ambitious’ fleet modernization plan

The National Shipping Company of Saudi Arabia (Bahri) has finalized a purchase agreement with shipping firm Capital Maritime and Trading Corporation to acquire nine very large crude carriers (VLCCs).

about 2 years ago
ADNOC, Petronas and Storegga team up on carbon capture and storage off Malaysia
Authorities & Government

ADNOC, Petronas and Storegga team up for carbon capture and storage off Malaysia

Malaysian state-owned energy giant Petronas, Abu Dhabi National Oil Company (ADNOC), and UK’s carbon capture and storage (CCS) company Storegga have signed a joint study and development agreement (JSDA) to evaluate the CO2 emissions storage capabilities of saline aquifers and the construction of CCS

about 2 years ago
An offshore rig illuminated by lights at sunset
Authorities & Government

With new offshore block in the bag, Inpex gearing up for hydrocarbon exploration ops in Australia

Inpex Browse E&P, a subsidiary of Japan’s energy company Inpex Corporation, has won a license allowing it to search for hydrocarbons in a block off the northern coast of Western Australia as part of the country’s 2022 offshore petroleum exploration acreage release.

about 2 years ago
Stolt Tankers barge switches to 100% renewable fuel to underpin sustainability strategy
Business Developments & Projects

Stolt Tankers barge switches to 100% renewable fuel to underpin sustainability strategy

Tanker operator Stolt Tankers, part of London-based transportation group Stolt-Nielsen Limited, has bunkered one of its barges with 100% renewable fuel for the first time, reaching a new milestone in its sustainability journey. The barge Stolt Main was bunkered with HVO100, a synthetic renewable die

about 2 years ago
The construction of China's large-scale Yantai Zhaoyuan 400MW Offshore HJT Solar Project
Business Developments & Projects

‘China’s first large-scale offshore PV project’ ready for operation

The booster station for what is said to be China’s first large-scale, pile-fixed deep-water offshore photovoltaic (PV) project has been energized for the first time, marking the operational readiness of the project. The CGN Yantai Zhaoyuan 400 MW floating solar project, located in Laizhou Bay in nor

about 2 years ago
FPSO Jotun; Source: Vår Energi
Business & Finance

FPSO delay pushes North Sea project’s costs up by $400 million and bumps first oil to 2025

Vår Energi has made changes to the schedule for the start-up of an oil field life extension project in the Norwegian sector of the North Sea, moving it to the second quarter of 2025.

about 2 years ago
NYK inks deal for green ammonia transport from India to Japan
Business Developments & Projects

NYK inks deal for green ammonia transport from India to Japan

Japanese shipping heavyweight NYK has signed an agreement for the marine transport of green ammonia to Japan in collaboration with Kyushu Electric Power Company, Sojitz Corporation and Sembcorp Green Hydrogen, a subsidiary of Singaporean state-owned energy giant Semcorp.

about 2 years ago
WAPS
Market Outlooks

Shipping industry nears 100-installation milestone of wind propulsion systems

The application of WAPS across a variety of vessel types is nearing a tipping point with deployment likely to increase rapidly, LR said.

about 2 years ago
Illustration; Source: Louisiana State Police
Authorities & Government

Venture Global denies any connection to fatal incident offshore Louisiana: Explosion and fire under investigation after gas pipeline worker’s death

In the aftermath of a tragic incident that resulted in the death of a 40-year-old worker, the Louisiana State Police (LSP) is looking into the offshore natural gas pipeline explosion and fire to get to the bottom of the incident off the coast of Louisiana.

about 2 years ago
Stena Forth drillship; Source: Stena Drilling
Business & Finance

Stena Drilling’s drillship spuds ‘highly anticipated’ well at gas field offshore Morocco

Energean has started drilling activities at a well located on a natural gas field off the coast of Morocco, using a drillship owned by Stena Drilling, an Aberdeen-based offshore drilling contractor.

about 2 years ago
TGS starts rebranding streamer fleet, gets OBN contract extension in North America
Business & Finance

TGS starts rebranding streamer fleet, gets OBN contract extension in North America

Amid the process of rebranding its offshore streamer fleet, Norwegian seismic company TGS has secured the extension of an existing ocean bottom node (OBN) data acquisition contract in North America. The four-month extension to the existing contract will build on existing operations, enhancing the cl

about 2 years ago
Osaka Gas joins SEA-LNG coalition as it pursues plans to launch LNG bunkering business in 2026
Business Developments & Projects

Osaka Gas joins SEA-LNG coalition as it pursues plans to launch LNG bunkering business in 2026

SEA-LNG, a multi-sector industry coalition promoting LNG as a marine fuel, has welcomed a new member – Japanese gas company Osaka Gas. Osaka Gas is working to increase the share of renewables in its power generation portfolio through partnerships with other international companies to sponsor the cre

about 2 years ago
EnerMech bags two deals thanks to its brand-new joint venture in Azerbaijan
Business & Finance

EnerMech scores two ‘major’ pipeline pre-commissioning contracts offshore Malaysia

UK-based oilfield services provider EnerMech has won two “significant” pipeline pre-commissioning contracts offshore East Malaysia to expand pipeline and subsea activities within the region in deep and shallow water environments. According to EnerMech, the contracts are secured with two tier-one cli

about 2 years ago
Offshore rig
Business & Finance

UK-Trinidadian oil & gas firms’ merger progressing further with another set of criteria out of the way

UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, has fulfilled two more conditions for its proposed merger with Trinidad-headquartered Lease Operators.

about 2 years ago
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