South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has canceled a contract for the construction of an LNG carrier from a client from Russia. The contract termination was assigned to delays and stoppages of the supply of major equipment and materials due to export sanctions imp
UK-headquartered IOG plc has restored production from its Saturn Banks Project – Phase 1 in the UK sector of the North Sea, after a shut-in.
Italian shipbuilder Fincantieri has launched Brilliant Lady, the last of four scrubber-fitted ships for Virgin Voyages, a cruise operator of Virgin Group.
Energinet is preparing for the Baltic Pipe project to reach its full capacity, which requires a temporary shutdown of the pipeline.
French container shipping CMA CGM is getting ready to launch a call for projects in early 2023 intended to support the decarbonization of the French shipping and port industry. The company has already committed a €200 million budget for the projects from its five-year $1.5 billion budget, which was
The Dutch Port of Rotterdam has been selected as the location for the first large-scale Battolyser factory that aims to meet the growing demand for green hydrogen and electricity storage. Battolyser Systems is the developer and manufacturer of the world’s first integrated battery/electrolyser system
Equinor has exercised its option to drill additional wells with the Odfjell Drilling-owned rig, extending the rig’s stay offshore Norway.
Japanese shipping major NYK, Monohakobi Technology Institute Co. (MTI) and Finnish Elomatic Oy have completed the concept design phase of a new Capesize bulk carrier and a very large crude oil tanker (VLCC) in a project that aims to build an LNG-fueled vessel that can be efficiently converted to an
SeaMar has secured a second contract extension with Neptune Energy Netherlands for one of its diving support vessels (DSVs).
Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea off Norway, using one of Transocean’s rigs.
Equinor has awarded a new contract to Aibel for extensive modifications and preparation of a platform for a tie-in of another gas field.
Aberdeen-based Rotech Subsea has completed gas pipeline burial operations in the Caribbean for oilfield services provider Sapura Energy. Rotech Subsea mobilized its TRS1 Controlled Flow Excavation (CFE) spread in June to execute the work scope at a location offshore Trinidad and Tobago, as part of a
Zergratran SA, a transportation company that is building the world’s first tunnel to expedite shipping goods between the North Atlantic and the North Pacific, has announced its Reg A+ offering to raise $75 million in funding as its initial step to building the first Green Shipping Corridor. The Puer
Swiss-based technology developer ABB has secured a breakthrough contract with the shipyard COSCO Shipping Heavy Industry (Yangzhou) to equip ten China COSCO Shipping Corporation Limited’s container vessels with its permanent magnet shaft generator systems. Due for delivery by the end of 2025, the or
