AB Klaipedos Nafta has received a Letter of Expectation from its shareholder, the Ministry of Energy of the Republic of Lithuania, which owns 72.47% of the company’s shares. According to Klaipedos Nafta, the Letter of Expectation confirms the direction of the changes sought by the company and enable
Eidesvik has secured a contract extension for one of its PSVs with Wintershall Dea, enabling the vessel to continue working off Norway.
Offshore drilling contractor Dolphin Drilling has inked another deal for a semi-submersible rig, which will extend the rig’s backlog offshore Nigeria.
SINN Power, a German-based developer of floating renewable energy platform solutions, has put forward a plan to build a floating solar power plant in Eching am Ammersee, south-east Germany.
DEME Group’s subsidiary G-tec has signed a multi-year charter agreement with Irish Mainport Holdings for its DP2 survey vessel Mainport Geo, following growing demand from the offshore wind industry. G-tec said that the new vessel will enable it to further enhance its site investigation techniques. T
Houston-based electrofuel (eFuel) company HIF Global has selected German technology major Siemens Energy to supply electrolyzers to new eFuel facility in Matagorda County, Texas. To this end, the companies have reached an agreement which would allow Siemens Energy to expand its electrolyzer manufact
The North Sea Chapter of the International Association of Drilling Contractors (IADC) has urged politicians to maintain focus to avoid ‘economic adversity’ for the UK.
Japanese shipping major Mitsui O.S.K. Lines (MOL) and compatriot firm Kobe Steel have offset carbon dioxide (CO2) emissions from fuel used in ocean transport of iron ore from Australia to Japan.
In line with its decarbonization efforts, the Maritime and Port Authority of Singapore (MPA) is mandating for all harbor craft to become fully electric, capable of using B100 biofuels or be compatible with net zero fuels such as hydrogen by 2030. In addition to slashing emissions, switching from die
An independent review of Africa Oil’s prospective resources in a block in the Orange Basin off South Africa has been completed by RISC.
Bermuda-based bulk carrier company Himalaya Shipping has taken delivery of the second LNG dual-fuel 210,000 dwt newcastlemax newbuild from New Times Shipbuilding (NTS) in China. The vessel named Mount Ita is the second in a series of twelve newcastlemax dry bulk vessels under construction at the yar
INEOS and Wintershall Dea marked a major milestone and a world first on 8 March with the first-ever injection of CO2 in the North Sea as part of Project Greensand. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in
Norwegian shipping company Höegh Autoliners has announced that after many months of planning, designing, and preparing, the construction of its first Aurora-class vessel commenced. Leaders and representatives from Höegh Autoliners, DNV, Deltamarin, Clarksons, and China Merchants Heavy Industry (CMHI
Greek tanker owner Performance Shipping has signed a contract with China Shipbuilding Trading Company Limited and Shanghai Waigaoqiao Shipbuilding for the construction of a 114,000 dwt LNG-ready LR2 Aframax product/crude oil tanker worth $62.6 million. The shipowner said that the tanker is slated fo
