Driven by higher oil and gas prices, BP saw its profit soar in the third quarter of 2021 when compared to the same period last year.
Japanese shipping company Kawasaki Kisen Kaisha (K Line) and compatriot shipbuilder Kawasaki Heavy Industries (KHI) have signed a co-development contract to create an AI-based marine machinery operation support system that will be deployed in autonomous vessel operations in the future.
Ahmed Abd El Hameed, Project Engineer at DEME Group, has just released this amazing photo from the largest ever dredging and land reclamation project in DEME’s history – the Abu Qir Port in Egypt. According to the Belgian giant, this project includes the reclamation of 1,000 hectares of new land. It
Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed an agreement with Vale International SA, part of Brazilian mining giant Vale, to conduct a joint study on the installation of a wind propulsion system on a 200,000-ton in-service bulk carrier, which mainly transports iron ore for steel p
Offshore rig owners are reaping the benefits of market recovery with more and more players hiring rigs for their exploration plans.
New polling commissioned by climate action solution provider Shift Clean Energy has shown “a remarkably high level of support” for marine electrification as a way to fight climate change.
Seaway 7 has awarded V&SH Offshore with a framework agreement for the provision of cable termination and testing services.
The Panama Canal closed its fiscal year 2021 with a record-breaking annual tonnage of 516.7 million Panama Canal tons (PC/UMS), coming in 8.7% higher compared to the 2020 fiscal year and 10% above tonnage registered in FY19, the waterway’s last pre-pandemic fiscal year.
Gertjan de Gelder, sales director at Koedood, and Ron Verschoor, business development manager at Kooiman Marine Group, talk about their new innovation, the K2 hydrogen generator.
In the last six months, an independent remotely operated vehicle (ROV) specialist ROVOP has secured contracts valued at £25 million (around $35 million) in offshore energy sectors.
German container shipping major Hapag-Lloyd has raised its earnings outlook for the current financial year after posting very strong results in the first nine months of 2021.
Ingine’s Vietnamese subsidiary, Ingine Pacific, has been granted funding support from the United States Agency for International Development (USAID) for its renewable energy project.
Following two previous dry wells, ExxonMobil has also failed to find commercial hydrocarbons in its third well on the Canje Block, off Guyana.
Norwegian LNG carrier company Flex LNG has secured a pair of time-charter contracts with an undisclosed “energy major.”
