BW Energy has achieved the first oil from its first well in a multi-well drilling campaign offshore Gabon.
In a significant development for China’s shipbuilding industry, the China State Shipbuilding Corporation (CSSC) and French liner heavyweight CMA CGM have inked an agreement to construct 16 large container ships worth more than 21 billion Yuan ($3.06 billion). The order comprises of twelve 15,000 TEU
In a pressing need to reduce global greenhouse gas emissions (GHG), the shipping sector and offshore vessel services providers are certainly the protagonists in the whole decarbonization story. However, although we are seeing an increasing number of initiatives, we still have a long way to go.
With the latest news about Lidl and Kaufland entering a long-term offshore wind power offtake contract, and Mercedes-Benz announcing the same shortly prior to that, the list of big names signing up to buy offshore wind-generated electricity in Germany keeps growing. What lies behind this are both th
French LNG containment specialist GTT and PipeChina Innovation, a subsidiary of the state-owned PipeChina Group, have signed a cooperation agreement on GTT’s membrane technology for PipeChina’s upcoming LNG projects. The agreement was signed on the occasion of the visit of French President Emmanuel
Subsea robotics and engineering company Soil Machine Dynamics (SMD) has revealed its plans to exceed £100 million turnover within five years, which includes the electrification of its vehicles and two new facilities. To reach the turnover goal, SMD said it has ambitious recruitment targets and plans
The government of British Columbia has provided C$2 million ($1.5 million) to the University of Victoria Pacific Regional Institute for Marine Energy Discovery (PRIMED) for research into tidal energy technologies.
Poland’s natural gas transmission system operator GAZ-SYSTEM has completed a non-binding market research procedure for the demand for additional regasification capacity of the FSRU terminal in the Gulf of Gdańsk. The operator collected information on the level of market interest in additional regasi
The number of offshore rigs in the U.S. slipped down to 17 units this week, based on Baker Hughes’ weekly rig count report.
International owners and operators of liquefied natural gas (LNG) carriers GasLog and GasLog Partners have entered into a definitive merger agreement. Following the offer announced in January 2023, the parties now signed the agreement pursuant to which GasLog will acquire all of the outstanding comm
Canadian engineering, logistics, and energy company ATCO, through its investment in Canadian Utilities Limited, is collaborating with Japanese company Kansai Electric Power to develop an integrated clean fuels supply chain between Canada and Japan. The two companies have completed a pre-feasibility
Dutch shipbuilder Damen Shipyards Group posted a revenue of €2.5 billion for 2022 for the first time in the company’s history. The shipbuilder said that the achievement was made despite the effects of the war in Ukraine, which had, and continues to have, a significant impact on business operations.
The Carbon Capture, Utilisation and Storage Zero Emission Network (CCUS ZEN) has announced it will accelerate the rollout of CCUS in Europe by identifying two industrial clusters suitable for deployment of CCUS.
Baker Hughes’ international rig count report shows that the number of offshore rigs was on the rise in March 2023, surging upward by 6 units.
