China State Shipbuilding Corporation’s Wuchang Shipbuilding has inked a construction contract for two stainless steel chemical tankers, each weighing 25,900 deadweight tons, with Xingtong Shipping Co., a prominent name in the chemical tanker domain in China. The agreement marks an initial partnershi
Upwing Energy has tweaked its Enhanced Production Simulator (EPS) to enable operators to boost gas production by optimising well performance.
Florida-based marine company Crowley and the Port of San Diego broke ground for the shoreside charging station designed to provide clean energy for the company’s forth-coming zero-emissions tugboat, eWolf. The eWolf, under continuing construction at Master Boat Builders, is a crucial component of th
Shelf Drilling has revealed higher revenue for 2Q 2023, compared to 1Q 2023, driven by higher day rates and effective fleet utilisation.
Crude oil tanker company DHT Holdings has completed the installation of three exhaust gas cleaning systems in the second quarter of 2023 and now all 23 very large crude carriers (VLCCs) in the company’s fleet are scrubber-fitted. Scrubbers, also known as exhaust gas cleaning systems, allow companies
Finnish crane manufacturer Konecranes has won an order from CMA CGM Kaohsiung Terminal Co. Limited to supply 7 hybrid Konecranes Noell Rubber-Tired Gantry (RTG) cranes to their container handling terminal at the main port in Taiwan. The order is part of CMA CGM Group’s efforts to streamline their op
U.S. energy infrastructure company New Fortress Energy (NFE) has revealed its financial results and business achievements for the second quarter of 2023. The company reported adjusted EBITDA of $246 million in the second quarter of 2023 and $686 million in the first half of 2023, as well as net inco
Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has pushed the final investment decision (FID) to the fourth quarter of 2023 due to the second front-end engineering design (FEED) process for the floating LNG vessel. Prior to this, FID f
The world’s largest container shipping firm MSC has returned to Chinese shipbuilder Zhoushan Changhong International Shipyard with an order for an additional ten LNG-powered containerships. The deal will see Zhoushan Changhong International Shipyard build ten LNG-powered behemoths each boasting a 10
Talos Energy has made a commercial oil and natural gas discovery in the Gulf of Mexico, which will be tied back to an existing platform.
The North Sea oil & gas industry spent £1.6 billion on decommissioning redundant wells and infrastructure last year, more than in any of the previous five years, the latest report by the North Sea Transition Authority (NSTA) states. The industry spent a total of around £8 billion from 2017-2022 and
Beach Energy has appointed a new Managing Director and Chief Executive Officer (CEO), which will take over the reins from 21 February 2024.
Singapore-based tanker owner and operator Hafnia has leaped onto the methanol bandwagon with the recent order for four 49,800 deadweight dual-fuel methanol chemical IMOII Medium-Range (MR) tankers. The deal was signed with China’s Guangzhou Shipyard International (GSI) together with Hafnia’s joint-v
The Norwegian government has given its stamp of approval for the Equinor-operated Snøhvit Future project, which comes with plans for the future operation of Snøhvit and Hammerfest LNG, subject to certain conditions.
