Norwegian shipping company Odfjell has completed the first installation of a wind-assisted propulsion system (WAPS) on one of its vessels, the 49,000 dwt chemical tanker Bow Olympus.
Samsung E&A has acquired a 9.1% stake in Nel ASA for approximately $33 million and signed a strategic partnership agreement.
Indonesian Ministry of Energy and Mineral Resources (MEMR) has issued a directive for all the gas from a field situated in the West Natuna Sea, Indonesia, operated by natural gas-focused Conrad Asia Energy to be made available for the domestic market.
Shell is eyeing a field development plan (FDP) and a final investment decision (FID) in 2027 for its recent natural gas discovery in the North Sea, which is situated on the UK Continental Shelf (UKCS).
Three Chinese shipyards secured orders for several stainless steel chemical tankers last week, Greek shipbroking services provider Intermodal informed.
A collision between a U.S.-flagged oil/product tanker and a Portuguese container ship in the North Sea, north of England, put both vessels on fire, which has since been brought under control.
The stage has been set to embark on offshore activities to put a mooring system for a floating liquefied natural gas (FLNG) unit in place off the coast of Congo, Africa.
Equinor has secured a drilling permit for two exploration wells in the North Sea off the coast of Norway, which are slated to be drilled next month using a semi-submersible rig owned by Odfjell Drilling.
With investor confidence taking a hit in the aftermath of political and fiscal woes, hydrocarbon exploration in a slump, and supply chain costs likely to rise, a postponement of plug and abandonment (P&A) assignments could hike the UK’s decommissioning bill by $5.5 billion.
Houston-headquartered energy player NextDecade Corporation has inked two deals with compatriot energy technology giant Baker Hughes, a framework agreement for work on the former’s liquefied natural gas (LNG) terminal under development in Texas and a contractual services agreement for maintenance wor
Metacon, a Swedish manufacturer of energy systems, has, through its shareholding in Norwegian technology transfer company Pherousa, received two initial approvals in principle (AiP) for its ammonia cracking technology for use onboard ships.
Global Chartering Limited (GCL), a joint venture between Luxembourg-based steelmaker Arcelor Mittal and Greek shipping company DryLog, has formed a strategic partnership with Greece-based bunker supplier SEKAVIN to strengthen marine fuel supply and logistics.
Japan’s shipping heavyweight Mitsui O.S.K. Lines (MOL) is set to purchase LBC Tank Terminals, a Dutch tank terminal operator focused on handling and storing chemical cargo in Europe and the US, in a deal worth a whopping $1.7 billion. As disclosed, the deal was signed on March 7, 2025, and is now pe
The aft part of the highly customized hybrid power cable lay and construction vessel that VARD is building for the Japanese offshore wind market has arrived at the company’s Tulcea shipyard where it will be joined with the forward parts of the hull. The Norwegian ship designer and shipbuilder held t
