China’s shipbuilder Jiangsu Zhenjiang Shipyard has completed and delivered the first domestic diesel-electric azimuth stern drive (ASD) tugboat, Yonggang Tuo 80.
Belgian tanker shipping company Euronav NV and its controlling shareholder CMB NV have entered into a share purchase agreement for the acquisition of 100% of shares in cleantech maritime group CMB.TECH for $ 1.150 billion in cash. Euronav said that the move fits its renewed strategy of diversificati
Dolphin Drilling is now facing legal action after ending a contract in Nigeria for a semi-submersible rig with Peak Petroleum Industries Nigeria Limited (Peak Petroleum).
Oslo-headquartered TGS has secured an ocean bottom node (OBN) data acquisition contract in the North Sea for a repeat customer. The three-month proprietary OBN data acquisition is set to begin in the second quarter of 2024. TGS did not reveal any other information about the work scope or the contrac
Empyrean Energy is setting the stage to drill a high-impact prospect next year in Block 29/11 offshore China.
Finnish company Neste has completed the strategic study and begins a gradual transformation of its crude oil refinery in Porvoo into a renewable and circular solutions refining hub. Neste launched the strategic study in September 2022 with an aim to significantly grow its renewables and circular pro
Oslo Stock Exchange-listed Prosafe is in high hopes over the upcoming tendering activity for 2025 and beyond, as the market tightens.
MODEC and Toray have pooled resources to develop a carbon fiber-reinforced plastic (CFRP) patch technique for repairs on FPSOs and FSOs.
Norway saw a slight rise in oil production in November 2023 compared to the volume seen in October 2023 and last year.
K Line has decided to employ JGreeX, the green steel product manufactured by JFE Steel Corporation (JFE Steel), for one of its newbuild bulkers.
In recent weeks, the Red Sea has become the epicenter of heightened tensions as Yemen’s Houthi group escalated their attacks on commercial vessels, sending shockwaves throughout the maritime industry. Germany’s Hapag-Lloyd and Hong Kong’s OOCL joined on Thursday numerous shipping companies, includin
Swiss-based construction company Allseas has commenced work on UK energy major BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) liquified natural gas (LNG) project offshore Mauritania and Senegal, with its vessels executing the subsea pipelay scope. According to Allseas, its construction support ve
Switzerland-based energy and commodities company Vitol has completed its first biofuel deliveries in Fujairah, the United Arab Emirates (UAE).
EnQuest has reached an agreement with Viaro Energy for the sale of a 15% working interest in a North Sea field and floating production, storage and offloading vessel (FPSO). EnQuest reported it had reached an agreement with Viaro Energy’s subsidiary RockRose UKCS 10 today, December 22, to sell a 15%
