Container shipping heavyweight A.P. Moller – Maersk has reported exceptional financial results for the year 2022. Despite the abnormal market conditions caused by the COVID-19 pandemic, the company managed to deliver solid performance across all its businesses, resulting in the best financial result
Seadrill has revealed that one of its drillships embarked on its assignment at a field offshore Brazil with the country’s oil and gas giant Petrobras.
RWE, LOTTE Chemical Corporation and Mitsubishi Corporation have agreed to jointly study the development of a large-scale integrated clean ammonia production and export project in Port of Corpus Christi, Texas, US. To this end, the parties have signed a joint study agreement (JSA) with a strategic al
TECO 2030, Shell, and consortium partners have started the HyEkoTank project which has been awarded a €5 million grant under the European funding scheme HORIZON EUROPE. The project started on 1 February and is planned to last for 3 years, with the ultimate goal of eliminating emissions during voyage
Shell has completed flow test results for the Pensacola well in the North Sea, which is said to have opened a new Zechstein play in this mature basin.
Allseas has been appointed to carry out the pipeline installation scope for phase one of a gas field expansion project in the Eastern Mediterranean. The company’s vessels Solitaire and Oceanic will execute the work comprising approximately 150 kilometers of 20-inch pipeline from the Tamar field to t
After BP more than doubled its annual profit in 2022 on the back of high oil and gas prices, the oil major is now caught in environmentalists’ crosshairs.
Oman LNG has signed a binding term-sheet agreement with China International United Petroleum and Chemical Co. (UNIPEC) to supply 1 million metric tonnes per annum (mtpa) of LNG starting in 2025. UNIPEC has become the latest beneficiary of the Omani LNG, marking the first LNG term deal with a Chinese
There are currently more than 80 floating wind technology concepts and designs worldwide, and testing even a certain number of these could prove to be an endeavour since, at least in Europe, there are not many test sites dedicated to floating wind technology. This is according to a discussion during
Offshore drilling contractor Stena Drilling has secured a contract extension with energy giant BP for a mobile offshore drilling unit (MODU) to be deployed in the U.S. Gulf of Mexico. Stena Drilling revealed on 7 February that it had signed a contract extension with BP for the Stena IceMAX MODU. The
German-based energy company Uniper and Greenko ZeroC Private Limited, a subsidiary of India’s Greenko Group, have signed a Memorandum of Understanding (MoU) and Heads of Terms for Uniper to enter into exclusive negotiations for the offtake of green ammonia from Phase 1 of Greenko ZeroC’s ammonia pro
The technology group Wärtsilä has successfully retrofitted an inline shaft generator system on the ‘Berge Toubkal’, a cape-size bulk carrier owned by Singapore-based Berge Bulk. The company said that this was the marine industry’s ‘first-ever shaft generator retrofit.” The retrofit is expected to im
Norwegian shipping company Wilhelmsen Ship Management (WSM) and shipbroker Affinity Shipping have signed a Memorandum of Understanding (MOU) to jointly establish an independent company that will provide comprehensive compliance services related to the European Union Emission Trading System (EU ETS).
Offshore Energies UK (OEUK) has warned that the calls for new windfall taxes on energy producers’ global profits are misleading.
