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Business & Finance

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German dry bulk carrier firm adopts fleet-wide energy optimization technology
Business & Finance

German dry bulk carrier firm adopts fleet-wide energy optimization technology

German dry bulk carrier owner and operator Oldendorff Carriers is deploying energy optimization technology from a Swedish company to reduce energy consumption and emissions across its fleet. As part of the partnership with Swedish technology provider eMarine, Variable Frequency Drives (VFDs) have al

about 8 months ago
DeepOcean concludes operations at US offshore wind project
Business & Finance

DeepOcean concludes operations at US offshore wind project

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Ocean services provider DeepOcean has completed trenching and survey operations at a U.S. offshore wind project under a contract awarded by what it says is a global provider of engineering, procurement, construction and installation (EPCI). DeepOcean’s scope of work included trenching and surveying

about 8 months ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Equinor’s drilling ops with Transocean rig in the clear

Equinor has secured the green light from the Norwegian authorities for drilling activities in the Norwegian Sea, which will be undertaken with a semi-submersible rig owned by Transocean, an offshore drilling player.

about 8 months ago
Dutch partnership formed to pursue scalable autonomous maritime operations
Business & Finance

Dutch partnership formed to pursue scalable autonomous maritime operations

Dutch Royal IHC and Demcon Unmanned Systems have entered into a strategic partnership for the deployment of unmanned and autonomous vessels for scalable autonomous maritime operations. The partnership has started with the development and integration of containerized launch and recovery systems (LARS

about 8 months ago
Shipowner takes over ‘China’s first’ dual-fuel methanol-powered bunkering vessel
Business & Finance

Shipowner takes over ‘China’s first’ dual-fuel methanol-powered bunkering vessel

Hong Kong-based shipowner Wah Kwong Maritime Transport Holdings Limited has welcomed to its fleet what it says is China’s first dual-fuel methanol-powered bunkering vessel. Da Qing 268 is the fourth bunkering vessel under the company’s care, joining Hai Gang Wei Lai, the largest LNG bunkering vessel

about 8 months ago
Illustration; Source: McDermott
Business & Finance

McDermott takes on EPCI job at ADNOC’s oil expansion project

McDermott has landed a major assignment, worth between $750 million and $1 billion, for an expansion project designed to boost offshore oil production at a development operated by the United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC).

about 8 months ago
CMA CGM Monte Cristo; Source: CMA CGM
Business & Finance

CMA CGM’s fleet grows to 400 owned vessels as first of six methanol container ships comes in

French shipping and logistics giant CMA CGM Group has welcomed the arrival of the first in a series of six 15,000-TEU methanol container ships, expanding its arsenal with the 400th owned vessel within a fleet of over 650 vessels worldwide, as part of its decarbonization strategy.

about 8 months ago
FPSO Petrojarl Kong
Business & Finance

SOCAR coming aboard Eni’s oil & gas project in West Africa

Italy’s energy giant Eni has sealed a deal to divest a partial stake in an oil and gas development project off the coast of Côte d’Ivoire to the State Oil Company of the Republic of Azerbaijan (SOCAR).

about 8 months ago
Egypt’s ‘largest of its kind’ OBN program to identify exploration opportunities
Business & Finance

Egypt’s ‘largest of its kind’ OBN program to identify exploration opportunities

France-based geophysical services company Viridien and U.S.-headquartered technology player SLB are set to begin a large seismic acquisition and imaging program offshore Egypt that will help explorers and investors identify new opportunities for exploration and enhanced production. Viridien and SLB

about 8 months ago
Darwin LNG; Source: Santos
Business & Finance

First LNG cargo from giant Australian gas project getting ready for trip to Japan

Santos has confirmed the ongoing loading of the first liquefied natural gas (LNG) cargo from its gas project off the coast of Australia’s Northern Territory. This LNG cargo is destined for Japan.

about 8 months ago
Spanish scale-up enters Norway, brings its ammonia-to-hydrogen technology
Business & Finance

Spanish scale-up enters Norway, brings its ammonia-to-hydrogen technology

Spanish scale-up company H2SITE has launched a subsidiary in Norway to focus on deploying its ammonia-to-hydrogen systems in the maritime sector and accelerate vessel decarbonization. Through H2SITE Norway AS, based in Bergen, H2SITE is looking to supply onboard cracking systems to Norwegian compani

about 8 months ago
Trion development concept; Source: Woodside
Business & Finance

TMC picks up work for SBM Offshore’s North America-bound FSO

Norway-based TMC Compressors has received an order for a complete marine compressed air system for a newbuild floating storage and offloading (FSO) unit, which SBM Offshore, headquartered in the Netherlands, is in charge of providing for a deepwater oil project off the coast of Mexico, North America

about 8 months ago
Wärtsilä will supply the engines for Allseas’ new semi-submersible Heavy Transport Vessel, built to deliver lower emissions and greater fuel efficiency; Credit: Allseas
Business & Finance

Allseas’ newbuild heavy transport vessel to sport Wärtsilä’s ‘future-proof’ engines

Wärtsilä has been hired to equip a new purpose-built semi-submersible heavy transport vessel (HTV), which will expand the fleet of Switzerland-based offshore contractor Allseas Group upon completion, with engines, featuring readiness to use alternative sustainable fuels and a modular design, said to

about 8 months ago
TGS on duty offshore Australia
Business & Finance

TGS on duty offshore Australia

Norwegian energy data and intelligence company TGS has kicked off a reprocessing project offshore Australia designed to enhance subsurface imaging and geological understanding. The multi-client Bonaparte Basin Pre-Stack Depth Migration (PSDM) Reprocessing Project includes the reprocessing of the Cyg

about 8 months ago