Green hydrogen producers have agreed to produce 11 million tons of the low-emissions fuel for use by the shipping sector by 2030 as part of a Joint Commitment that aims to enable the use of renewable hydrogen-derived shipping fuel this decade to meet maritime industry decarbonization targets. The Jo
Nestlé, the world’s largest food and beverage company, has decided to cut its ocean logistics greenhouse gas (GHG) emissions by using Maersk’s ECO Delivery solution, which includes transporting goods on certified green fuels.
Malaysia recorded 19 exploration discoveries and two exploration-appraisal successes in 2023, contributing over 1 billion boe of new resources.
UAE’s Abu Dhabi National Oil Company (ADNOC) and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low-carbon solutions, including hydrogen. As part of the SCA, the t
Maybank Singapore has extended a $100 million sustainability-linked Islamic revolving credit facility (RCF-i) to AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad.
Seatools has completed factory acceptance tests (FAT) for what it describes as a highly innovative fall pipe remotely operated vehicle (ROV) developed for DEME Group. The ROV will be deployed on DEME’s upcoming subsea rock installation vessel Yellowstone, scheduled to join the fleet in the first hal
Pacific Basin Shipping Limited, a Hong Kong-listed player in dry bulk shipping, has concluded its $150 million sustainability-linked 3-year senior unsecured committed revolving credit facility. This signifies Pacific Basin’s first foray into sustainability-linked loan facilities, the company said, a
Baker Hughes’ rig count report points out that one more rig joined the working fleet in November 2023 compared to the month before.
Classification society DNV has awarded Approval in Principle (AiP) to China Merchants Jinling Shipyard (Nanjing) Co. for its 11,000-CEU capacity pure car and truck carrier (PCTC) design.
Australian energy giant Woodside has signed an agreement with Mexico Pacific, a developer of the LNG export project in Puerto Libertad, Sonora, to purchase 1.3 million tonnes per annum (mtpa) of LNG for 20 years. Under the agreement, Woodside will purchase the LNG from the Saguaro Energia LNG projec
Enauta has brought back on stream another well at a field offshore Brazil while a third well is anticipated to return to production in the next 30 days.
Helix Energy Solutions has confirmed the arrival of its DP3 semi-submersible vessel to Victoria’s second largest port, GeelongPort.
The Joint Expeditionary Force (JEF) has embarked on an exercise in the Baltic Sea region to protect subsea infrastructure.
Centrica, a UK-based energy company, and Mitsubishi Power Europe, a power solutions brand of Japan’s Mitsubishi Heavy Industries (MHI), have signed a memorandum of understanding (MoU) to explore the development, construction and operation of Europe’s first-ever ammonia-fired power generation facilit
