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TECO 2030
Authorities & Government

TECO 2030, Umoe Mandal get preliminary approval for hydrogen fuel cell-powered high-speed vessel design

Norwegian cleantech company TECO 2030 and compatriot shipbuilder Umoe Mandal have received “approval of preliminary design” from the Norwegian Maritime Authority for a multimegawatt hydrogen fuel cell-powered high-speed vessel design.

about 2 years ago
Atlantic spirit, vessel from Atlantic Oceanic (UK).
Business & Finance

Atlantic Oceanic buys MPSV as part of its ongoing fleet growth program

Offshore ship-owning group Atlantic Oceanic (UK) has acquired an advanced DP2 multi-purpose supply vessel (MPSV) as part of its ongoing fleet growth program. The vessel, named Atlantic Spirit and previously known as Tek-Ocean Spirit, is an 87-meter-long specialist MPSV equipped with a DP2 dynamic po

about 2 years ago
Illustration; Source: Viaro Energy
Business & Finance

UK firm expands its portfolio with gas discovery and several prospects West of Shetland

Viaro Energy, through its operating subsidiary RockRose Energy, has secured full ownership interest in a license located West of Shetland.

about 2 years ago
Illustration; Source: TotalEnergies
Business Developments & Projects

TotalEnergies inks 16-year LNG supply deal with Sembcorp

French energy major TotalEnergies and Sembcorp Fuels, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, have signed a sale and purchase agreement (SPA) for the long-term LNG delivery to Sembcorp. Specifically, the deal entails the delivery of up to 0.8 million tons of LNG per annum (

about 2 years ago
Trafigura books two eco-friendly VLCCs in China
Vessels

Trafigura books two eco-friendly VLCCs in China

Global commodity trading group Trafigura has placed an order for two environmentally friendly very large crude carriers (VLCCs) at Chinese shipyard Jiangsu New Hantong.

about 2 years ago
After a year of active tendering, Subsea7's backlog hits year-end level last seen in 2013
Business & Finance

After a year of active tendering, Subsea7’s backlog hits year-end level last seen in 2013

After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the

about 2 years ago
DHT
Vessels

DHT Holdings behind order for four VLCCs at South Korean yards

Bermuda-based crude oil tanker company DHT Holdings placed orders for four very large crude carriers (VLCCs) at South Korean shipyards Hyundai Samho Heavy Industries, part o fHD Korea Shipbuilding & Marine Engineering (HD KSOE), and Hanwha Ocean.

about 2 years ago
Statfjord field with Statfjord B (for illustration purposes); Credit: Harald Pettersen/Equinor
Authorities & Government

Norway’s oil output surpasses expectations but gas falls slightly behind

Even though Norway saw a rise in oil and gas production in January 2023 compared to the volumes recorded during the year before.

about 2 years ago
Illustration; Source: Aquaterra Energy
Business & Finance

UK oil & gas operator books Aquaterra for work covering full offshore project lifecycle

Aquaterra has been hired on a contract for the provision of analysis services across an undisclosed operator’s global offshore operations.

about 2 years ago
Hywind Tampen wind farm in the North Sea (for illustration purposes); Source: Equinor
Automation

Exclusive interview: Letting energy growth spring free with AI as key to sorting out challenges in oil & gas and renewables

What lies ahead for oil, gas, and renewable energy in the AI-oriented environment and how will these sources of supply be revolutionized?

about 2 years ago
First UK-Germany link makes construction progress as it celebrates 6th anniversary
Business & Finance

First UK-Germany link makes construction progress as it celebrates 6th anniversary

Siemens Energy and sub-contractor Jones Bros Civil Engineering are nearing completion of the enabling works for the UK converter station of NeuConnect, the first-ever energy link between the UK and Germany. The works have included the construction of a 50,000m2 platform for the new converter station

about 2 years ago
FPSO Marechal Duque de Caxias; Source: MISC Group
Business & Finance

Tow master selected for Brazil-bound FPSO destined for Petrobras’ giant oil field

ABL has been picked as tow master to support and supervise the towage of an FPSO vessel from Yantai, China, to Brazilian waters.

about 2 years ago
EPS
Business Developments & Projects

EPS inks deals for four ammonia dual-fuel bulkers, two LNG dual-fuel tankers

Singapore-based ship management company Eastern Pacific Shipping (EPS) has signed contracts with subsidiaries of China State Shipbuilding Corporation (CSSC) in Shanghai for a total of six new environmentally friendly vessels.

about 2 years ago
Eldfisk Complex; Source: ConocoPhillips
Authorities & Government

Stamp of approval for ConocoPhillips’ $1.2 billion North Sea project to come on stream

ConocoPhillips has been given the green light to start production from a project tied to one of the fields in the Greater Ekofisk Area.

about 2 years ago
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