Saipem has inked a contract with China’s CIMC Raffles for the conversion of a semi-submersible drilling rig into an FPU.
Jiangnan Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has started building a new wharf to facilitate the construction of large-scale LNG carriers. According to a statement by CSSC, Jiangnan Shipbuilding held a groundbreaking ceremony on 10 August for this wharf project
Suiso Frontier, the world’s first liquefied hydrogen carrier built by Kawasaki Heavy Industries (KHI), is scheduled to arrive at the Sultan Qaboos Port in Muscat, Oman, today (14 August). According to local media reports, the ship departed Abu Dhabi and is heading to Muscat for its first visit to th
Oman LNG has signed a binding term-sheet agreement with German Securing Energy for Europe (SEFE) to supply 0.4 million metric tons per annum (mtpa) of LNG starting from 2026. According to a report from the Omani state news agency, the agreement, based on a 4-year contract, aims to enhance the partne
The successful completion of the oil transfer operation from the FSO Safer marks a significant milestone in averting a potential environmental and humanitarian catastrophe in the Red Sea. However, the mission is far from over, as the next crucial steps involve making a decision that would ensure the
Equinor has booked a semi-submersible rig, owned by SFL Corporation (SFL) and managed by Odfjell Drilling, for a drilling campaign offshore Canada.
After working on finalising the agreement for export cables for the Baltic Power offshore wind farm in Poland this summer, the cable supplier NKT has now signed the order for the Polish project. In June, NKT said it was finalising the contract with Baltic Power, the joint venture the Polish PKN Orle
Philippine-based company ACEN has outlined plans to develop approximately 1GW of floating solar plant capacity on Laguna Lake, the largest freshwater lake in the Philippines.
UK-headquartered energy giant BP has hired a compatriot drilling waste management specialist, TWMA, for its large-scale gas project off Egypt.
Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in
Australian electrolyser company Hysata has inaugurated its new 8,000 sqm global headquarters and electrolyser manufacturing facility in Port Kembla, marking a milestone in the company’s journey and paving the way for the commercialization of its high-efficiency electrolyser. The Australian Governmen
Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, t
The way to secure the funds to complete the operation in full hangs in the air with around $20 million still missing.
Global Petroleum Limited has received the green light to proceed to the first renewal period (FRP) of Walvis Basin licence PEL 94.
