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UN adopts resolution demanding immediate halt to Houthi attacks in the Red Sea
Business Developments & Projects

UN adopts resolution demanding immediate halt to Houthi attacks in the Red Sea

Following what has been described as the ‘largest Houthi drone attack’ in the Red Sea on January 9, the U.N. Security Council adopted a resolution demanding that the Houthis immediately cease all attacks on merchant and commercial vessels. At least 21 missiles and drones were launched toward interna

about 2 years ago
Following pre-funding, PGS, TGS and SLB to expand seismic data coverage off Malaysia
Business Developments & Projects

Following pre-funding, PGS, TGS and SLB to expand seismic data coverage off Malaysia

The consortium of TGS, PGS and SLB has secured pre-funding to expand multi-client seismic data coverage in the Sabah Basin offshore Malaysia. The seventh phase of this multi-year project encompasses over 5,000 kilometers of new 2D seismic data acquisition, over 2,600 kilometers of legacy seismic dat

about 2 years ago
Gasum procures large SEFE LNG cargo to Finland’s Inkoo FSRU terminal
Business Developments & Projects

Gasum procures large SEFE LNG cargo to Finland’s Inkoo FSRU terminal

Finnish energy company Gasum has delivered a cargo of liquefied natural gas (LNG), procured from Germany’s SEFE (Securing Energy for Europe), to the Inkoo floating storage regasification unit (FSRU). The LNG cargo is approximately 800 GWh in size, and as already mentioned, it is supplied by SEFE, or

about 2 years ago
Transocean Spitsbergen rig; Source: Transocean
Business Developments & Projects

Equinor comes up dry in North Sea well

Equinor has drilled an exploration well in the Norwegian sector of the North Sea, which turned out to be dry.

about 2 years ago
Stena Line
Business Developments & Projects

Construction starts on Stena Line’s first methanol-ready NewMax hybrid ferry

Swedish ferry company Stena Line has marked a milestone on its journey towards sustainable shipping with the steel cutting ceremony for the first of its methanol-ready ‘NewMax’ hybrid ferries.

about 2 years ago
Minesto's Dragon 12 tidal energy kite ready to operate
Business Developments & Projects

Minesto performs launch and recovery for megawatt-scale tidal energy kite

Minesto has carried out the Launch and Recovery System (LARS) method for the 1.2 MW, 25-ton Dragon 12 tidal energy kite in Vestmannsund, Faroe Islands. According to Minesto, the operations developed for Dragon 4, which has a capacity of 100 kW and weighs 2.5 tons, were equally effective with the meg

about 2 years ago
Bulker GOGL
Business Developments & Projects

Safe Bulkers bolsters fleet with Phase 3 – NOx Tier III Kamsarmax newbuild

New York-listed dry bulk owner Safe Bulkers has entered into a deal to acquire an 82,000 dwt Kamsarmax bulker with a scheduled delivery date within the third quarter of 2026. According to Safe Bulkers, the newbuild vessel is designed to meet the Phase 3 requirements of Energy Efficiency Design Index

about 2 years ago
FPSO Armada Sterling V; Source: Shapoorji Pallonji Energy (SP Energy)
Business Developments & Projects

SP Energy confirms first oil from FPSO deployed at deepwater project off India

SP Energy is enthusiastic about the first oil from an FPSO vessel, which is working for Oil & Natural Gas Corporation (ONGC).

about 2 years ago
Illustration; Source: American Petroleum Institute (API)
Business Developments & Projects

API: America’s energy plan needs to rest on three ‘core’ pillars

API has highlighted three main aspects of a long-term energy plan for the U.S. to ensure its ability to keep the lights on.

about 2 years ago
Illustration; Source: FutureOn
Business Developments & Projects

Azule Energy’s digital steps to speed up four oil projects enable FutureOn’s first foray into West Africa

To step up the development of four oil projects, Azule Energy has set its cap on using FutureOn’s digital design and visualization platform.

about 2 years ago
TNPA selects operator for LNG terminal in South Africa
Business Developments & Projects

TNPA selects operator for LNG terminal in South Africa

Transnet National Ports Authority (TNPA) has appointed the Vopak Terminal Durban & Transnet Pipelines (TPL) Consortium Venture as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay in South Africa. Specifically, following a procurement proc

about 2 years ago
FPSO Petrojarl I; Source: Enauta
Business Developments & Projects

Third Brazilian well comes back on stream

Brazilian oil and gas player Enauta has restarted production from another well at a field offshore Brazil.

about 2 years ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Business Developments & Projects

Türkiye’s new energy efficiency roadmap envisions $20 billion investment by 2030

Türkiye is pulling out all the stops to fortify its energy security, including new energy efficiency roadmap and action plan.

about 2 years ago
James Fisher
Business Developments & Projects

James Fisher christens LNG dual-fuel tanker Lady Maria Fisher

UK-based maritime service provider James Fisher has christened its latest LNG dual-fuel 6,000 dwt chemical tanker, as part of the next phase of its ‘fleet of the future’.

about 2 years ago
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