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TOWT
Infrastructure

TOWT orders six more sailing cargo ships

French sailing freight transport company TransOceanic Wind Transport (TOWT) has ordered six more vessels from compatriot shipbuilder Piriou.

about 2 years ago
Illustration; Source: QatarEnergy
Business & Finance

QatarEnergy doles out $6 billion for 18 huge LNG vessels on historic fleet expansion mission

QatarEnergy is bolstering its giant liquefied natural gas (LNG) fleet expansion with a $6 billion deal for 18 ultra-modern QC-Max size LNG vessels.

about 2 years ago
Two contracts with Petrobras to bring over $192 million to DOF
Business & Finance

Two contracts with Petrobras to bring over $192 million to DOF

Norwegian vessel owner DOF Group has secured multiple contracts with Brazilian state-owned oil and gas giant Petrobras expected to generate revenue beyond $192 million. Following a competitive tender process, Petrobras awarded new long-term charter and service contracts to Norskan Offshore and DOF S

about 2 years ago
Saudi’s NEOM secures $2.7 billion for development of major projects
Business & Finance

Saudi’s NEOM secures $2.7 billion for development of major projects

NEOM has secured a new revolving credit facility (RCF), worth $2.7 billion, that will support short-term financing requirements as NEOM moves forward with the development of major projects.

about 2 years ago
Wallenius Wilhelmsen: CO2 intensity target achieved in 2023
Business & Finance

Wallenius Wilhelmsen: CO2 intensity target achieved in 2023

Norwegian shipping and logistic company Wallenius Wilhelmsen has updated its progress on emissions targets and performance related to its sustainability-linked financing framework established in 2022.

about 2 years ago
Works at full speed at New York's 1.25 GW subsea HVDC link
Authorities & Government

Works at full speed at New York’s 1.25 GW subsea HVDC link

DeepOcean has completed its first campaign under a contract with NKT for the provision of subsea construction support for a subsea HVDC cable that will link the Canadian border and New York. DeepOcean reported that its U.S. operation had wrapped up the first campaign for the Champlain Hudson Power E

about 2 years ago
BW MaBoMo; Source: BW Energy
Business & Finance

BW Energy pens $150 million deal for production facility working offshore Gabon

BW Energy has inked a sale and lease back agreement with Minsheng Financial Leasing Co (MSFL) for an offshore production facility.

about 2 years ago
Monjasa
Business Developments & Projects

Monjasa completes first biofuels supply off Peru

Marine fuels supplier Monjasa has supplied a total of 510 tonnes of B30 marine biofuels to the Cargill-operated dry bulk carrier, Infinity Sky.

about 2 years ago
Illustration; Source: Chevron
Business & Finance

Chevron widens its oil & gas footprint in Namibia with operatorship of two offshore blocks

Chevron has enriched its offshore oil and gas portfolio in Africa with the entrance into a new license off the coast of Namibia.

about 2 years ago
Illustration; Source: OMV
Business & Finance

OMV steps up its methane reduction game by joining UN program for curbing such emissions

OMV is the latest in the long line of oil and gas players that have thrown their support behind the Oil & Gas Methane Partnership (OGMP 2.0).

about 2 years ago
Abdülhamid Han drillship; Source: TPAO
Authorities & Government

Türkiye holds LNG supply talks with ExxonMobil while setting the stage to search for oil in Black Sea

Türkiye is going all out to wean itself from its dependence on foreign natural gas, as demonstrated by the ongoing LNG negotiations with ExxonMobil.

about 2 years ago
FPSO One Guyana for ExxonMobil's oil project offshore Guyana; Source: SBM Offshore
Business & Finance

ExxonMobil and Chevron feel bite of lower gas prices but multi-billion profits still in the bag

ExxonMobil and Chevron have joined their European counterparts in posting quarterly results affected by a global plunge in gas prices.

about 2 years ago
HD KSOE, partners embark on joint project to reduce GHG emissions
Business Developments & Projects

HD KSOE, partners embark on joint project to reduce GHG emissions

South Korean shipbuilding major HD Korea Shipbuilding & Marine Engineering (HD KSOE) has signed an agreement with compatriot Korea East-West Power and Korean small and medium businesses (SMEs) to develop a joint project aimed at reducing greenhouse gas (GHG) emissions in the shipping industry.

about 2 years ago
Carnegie brings MoorPower demonstrator back to shore for maintenance
Business & Finance

Carnegie brings MoorPower demonstrator back to shore for maintenance

Following the initial phase of operations offshore North Fremantle in Western Australia, Carnegie Clean Energy has brought its MoorPower demonstrator back to port for inspection and maintenance, with redeployment expected in several weeks. At the beginning of the year, Carnegie deployed the MoorPowe

about 2 years ago
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