France-based start-up HelioRec has completed the installation of a 25kW floating solar unit in the Port of Brest.
Baker Hughes’ international rig count report shows a sharp drop in the number of offshore rigs in September 2023.
South Korean LS Marine Solutions is entering the Taiwanese subsea business with the establishment of a base in Taipei. The base in Taipei represents LS Marine Solutions’ first overseas base. The company plans to cooperate with LS Cable & System to build a sales network and strengthen marketing for c
South Korea’s shipping major H-Line Shipping and steel giant POSCO have joined hands with compatriot refiner GS Caltex to champion carbon reduction in the maritime realm by using marine biofuel. The three companies inked a Memorandum of Understanding (MoU) on October 5, 2023 in Seoul, signaling the
Canada-based Seaspan and global energy company AES have signed a memorandum of understanding (MoU) to collaborate on LNG bunkering business development. The companies signed the MoU in the framework of the 3rd International LNG Global Forum in Cartagena, Colombia, which took place from October 2 to
Gulf Island Fabrication has settled its lawsuit with Hornbeck Offshore regarding the construction of two multi-purpose supply vessels.
Malaysia’s state-owned energy giant PETRONAS has signed a Memorandum of Cooperation (MOC) with the Japan Organization for Metals and Energy Security (JOGMEC), and the Ministry of Economy, Trade and Industry (METI) on the cross-border CO2 transportation and storage. The agreement was signed at the 3r
England’s oil and gas engineering services firm Plexus Holdings has completed its work for the plug and abandonment (P&A) equipment and services campaign for Oceaneering. The P&A order from Oceaneering included tieback and subsea well control equipment together with hydraulic controls and services i
Greek shipping company Tsakos Energy Navigation (TEN) has taken delivery of its first newbuild LNG-powered Aframax tanker. According to TEN, the Njord DF vessel is the first in a series of four high-spec eco-designed vessels built against long-term employment to a major European state-owned oil conc
BOEM has set a date for the next offshore oil and gas lease sale for acreage in the Gulf of Mexico (GOM) to comply with a court order.
J.P. Morgan Global Alternative’s Global Transportation Group (JPMGTG) has confirmed a deal for the construction of two dual-fuel methanol chemical IMOII medium-range (MR) newbuilds. Boasting a 49,800 deadweight capacity, the ships will be built at Guangzhou Shipyard International (GSI) in China. Bot
Vår Energi has inked a deal with Petrolia NOCO (Petrolia) to dispose of its entire interest in a field located in the Norwegian North Sea.
Belgian tanker major Euronav NV confirmed the recent flurry of speculations engulfing discussions between two of its major stakeholders, Frontline and CMB NV. The rumors have stirred up volatility in Euronav’s share price, subsequently prompting the suspension of Euronav shares on Euronext Brussels.
Saipem, in consortium with NPCC, has inked a letter of award (LOA) with ADNOC for work on a recently sanctioned giant gas development.
