French liner major CMA CGM has teamed up with EveRé, operator of the multi-process household waste treatment plant, Elengy, a subsidiary of Engie, and TotalEnergies to study the feasibility of creating France’s first production unit for liquefied biomethane (BioLNG). BioLNG, a low-carbon alternative
German container shipping major Hapag-Lloyd has secured from compatriot KfW IPEX-Bank its second green loan within six months aimed at financing the construction of six LNG-powered ultra large container vessels (ULCVs).
Aurora Tankers, a wholly-owned subsidiary of IMC Industrial Group (IMC), has joined forces with Golden Stena Baycrest Tankers (GSB) to manage and operate stainless steel tankers.
Sembcorp Marine has secured an amendment contract from Tupi B.V. valued at $175 million for modification work on the P-71 FPSO.
Tanker shipping company Overseas Shipholding Group (OSG) has received a non-binding acquisition offer from Saltchuk Holdings for a price of $3.00 per share.
Malaysian FPSO provider Yinson has secured a contract extension for the PTSC Lam Son FPSO in Vietnam with Vietnam’s PTSC AP.
Russia’s Lukoil has entered into an agreement to acquire a 50 per cent operator interest in the Area 4 project located offshore Mexico.
ExxonMobil has failed to find commercial hydrocarbons at its Jabillo-1 located offshore Guyana and will be moving on to the next well soon.
State-owned Qatar Petroleum has entered into agreements with TotalEnergies to acquire working interests in three offshore exploration blocks in South Africa.
The number of offshore rigs in the U.S. remained unchanged over the last week, according to Baker Hughes.
The latest developments from the offshore energy industry related to the ongoing energy transition.
SIMEC Atlantis Energy, the developer of the MeyGen tidal energy project, has reduced the financial losses for 2020 – the year in which MeyGen tidal array exported over 37GWh of clean power to the UK grid, breaking every record for tidal energy production set so far.
Aker Solutions has won a contract from OKEA for modifications on the Draugen platform to enable the processing of gas from the Hasselmus discovery. The contract includes engineering, procurement, construction, installation and commissioning (EPCIC) of new equipment. The scope covers hook-up of a new
The container shipping industry has been faced with an unprecedented congestion crunch over the past year and a half, driven by COVID-19 related labour shortages, as well as handling capacity limits resulting in major disruption across the global ports. Massive swings in container shipping demand co
