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After ExxonMobil, Petrobras and Equinor, another energy major hires French firm
Business & Finance

After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields. Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the

about 2 years ago
Nike to christen Maersk’s new methanol-enabled containership
Vessels

Nike to christen Maersk’s new methanol-enabled containership

American footwear corporation Nike will christen A.P. Moller–Maersk’s new methanol-enabled containership at a ceremony at the Port of Los Angeles Outer Harbor on August 27, 2024.

about 2 years ago
Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Business Developments & Projects

Green Marine UK joins C-Power in demonstrating autonomous offshore power system

Scotland’s Green Marine (UK) has joined the U.S.-based C-Power’s Partner Engagement and Co-development (PEC) program to advance autonomous offshore power systems (AOPS).

about 2 years ago
Nordic Winter rig; Source: Awilco
Business & Finance

UK player strikes a bargain with Seatrium over yearslong rig arbitration saga

Seatrium has come to an understanding with Awilco Drilling regarding the settlement of two arbitration cases related to rig termination deals.

about 2 years ago
Illustration; Source: ExxonMobil
Authorities & Government

US judge dismisses ExxonMobil’s lawsuit against climate activist shareholder as moot

A federal judge has ruled that ExxonMobil no longer has a leg to stand on concerning its legal action against Arjuna Capital, given the climate activist investor’s withdrawal of emission reduction-related shareholder proposal and reassurance it will not be put forward again.

about 2 years ago
Peter Döhle Schiffahrts books methanol-ready containerships at Chinese shipyard
Business & Finance

Peter Döhle Schiffahrts books methanol-ready containerships at Chinese shipyard

Peter Döhle Schiffahrt has ordered four 14,000 TEU methanol-fueled containerships at China’s Hudong-Zhonghua Shipbuilding.

about 2 years ago
protectionism
Market Outlooks

Rising protectionism threatens global shipping, ICS says

The negative impact of protectionism is seen as one of the biggest emerging threats to global shipping.

about 2 years ago
EU flag; Source: Council of Europe
Business Developments & Projects

EU okays €570 million funding for Italian shore power scheme

The European Commission has approved, under European Union (EU) State aid rules, a €570 million Italian scheme to incentivize ships to use shore-side electricity when they are at berth in maritime ports.

about 2 years ago
PSV Sapura Ônix; Source: Seagems
Business & Finance

Bermuda-based player gives Oslo stock exchange a go

Paratus Energy has shared its intention to list shares on Euronext Growth Oslo, followed by a planned uplisting to the Oslo Stock Exchange.

about 2 years ago
Shell
Infrastructure

Shell opens first self-developed dual-use megawatt charger in Amsterdam

Shell has inaugurated its first self-developed megawatt charger for dual use by both shipping vessels and electric trucks at the Energy Transition Campus Amsterdam (ETCA) in the Netherlands.

about 2 years ago
Sune Scheller, Greenpeace's Campaign Manager, participated in three of the protests covered by the lawsuit, including the action related to the SCF Baltica oil tanker on March 19, 2022; Credit: Will R
Authorities & Government

Denmark challenges Greenpeace to a fight in court over protests hindering transit of Russian oil

Greenpeace is facing legal action in Denmark, which the Danish state set in motion in a crackdown on protests the group embarked on in 2022.

about 2 years ago
Topsoe, ABB and Fluor join forces for SOEC factory development in US
Business Developments & Projects

Topsoe, ABB and Fluor join forces for SOEC factory development in US

Topsoe, ABB and Fluor have formed an alliance to design a standardized concept for building Topsoe’s solid oxide electrolysis cells (SOEC) factory in Chesterfield, Virginia, U.S.

about 2 years ago
Pelaflex, floating platform technology. Source: Marine Power Systems
Business Developments & Projects

Marine Power Systems and Quoceant partner to advance Q-Connect in floating wind market

Welsh company Marine Power Systems (MPS) has joined Quoceant’s Offshore Wind Growth Partnership (OWGP) project to accelerate the development of Q-Connect technology into the floating offshore wind market.

about 2 years ago
Prysmian gives out €35M contract to expand submarine cable plant in Finland
Business & Finance

Prysmian gives out €35M contract to expand submarine cable plant in Finland

Italian cabling giant Prysmian Group has awarded Finnish construction and development company YIT with a contract to build warehouse facilities at the production site for submarine cables in Kirkkonummi, Finland. Under the contract valued at approximately €35 million, YIT is in charge of the expansi

about 2 years ago
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