A fire on the Felicity Ace car carrier off Azores Islands is likely to generate at least $155 million in expected losses for Volkswagen, Porsche, Audi and Lamborghini vehicles on board the vessel, the analysis from risk modelling company Russell showed.
Malaysia’s Velesto Energy has secured a one-year contract with oil major ExxonMobil for operations in Malaysia.
Valaris has secured new contracts for its rigs, however, over $400 million of backlog related to a drillship contract in the Gulf of Mexico now hangs in the balance.
Dutch logistics services provider BG Freight Line has committed to reducing carbon emissions by installing Value Maritime’s Filtree and carbon capture system onboard two of its container vessels.
ExxonMobil has started drilling an exploration well on the Cutthroat prospect, located in the Sergipe-Alagoas Basin off Brazil.
Norwegian Hurtigruten has begun its environmental ship upgrade program, said to be the largest in its history, to cut CO2 emissions and pursue the zero-emissions goal.
European infrastructure fund Marguerite II is set to acquire a 65% stake in France’s Jifmar Offshore Services from RAISE Investissement. Marguerite said it aims to support Jifmar in its transition to next-generation offshore service vessels operations to address the decarbonization challenges of the
The Port Authority of Valencia (APV) has approved the concession of land for the installation of the prototype of the Sustainable Electric Freight-forwarder (SELF) autonomous container transport system in the Port of Sagunto.
Offshore drilling contractor Odfjell Drilling will be taking over the management of a jack-up drilling rig from Seadrill.
A 50kW offshore floating solar system, developed and deployed by Dutch company Oceans of Energy, has withstood the forces of two major storms that hit the North Sea over the past month.
Chinese shipping company SITC International Holdings (SITC) has welcomed its first dual-fuel liquefied natural gas- (LNG) powered containership.
A new study by the Centre for Ocean Ventures & Entrepreneurship (COVE) has shown that Nova Scotia’s ocean sector has significant market potential to develop and deliver vessel electrification and associated technologies.
Impact Assessment Agency of Canada made funding available to help the public and Indigenous groups participate in the impact assessment process for the proposed Ksi Lisims LNG terminal project.
TotalEnergies and APA Corporation have a significant new oil and associated gas discovery at in the Block 58, offshore Suriname.
