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Deltamarin CMES PCTC design
Business & Finance

Deltamarin bags multiple design deals for PCTCs with alternative fuels amid shifting tides in car carrier industry

Deltamarin, a Finland-based marine engineering company, has won several Pure Car and Truck Carrier (PCTC) ship design contracts in recent months featuring alternative fuels. Notably, China’s largest electric car manufacturer, BYD Auto, has commissioned four 9,200 CEU PCTCs from China Merchants Indus

about 3 years ago
Argos semi-submersible offshore platform in the U.S. Gulf of Mexico; Source: BP
Business & Finance

BP’s profit takes a hard hit while oil & gas keep flowing and energy transition gathers speed

BP has revealed solid results for the second quarter of 2023, however, this represents a 70 per cent decrease on a year-over-year basis.

about 3 years ago
Dutch company embarks on Denmark-Belgium interconnector project
Business & Finance

Dutch company embarks on Denmark-Belgium interconnector project

Danish and Belgium transmission system operators (TSOs) have awarded a Dutch company with a contract to deliver consultancy services for an interconnector that will link the high-voltage grids in Belgium and Denmark through two energy islands in the North Sea. Denmark’s Energinet and Belgium’s Elia

about 3 years ago
APM Terminals
Business & Finance

Spain bankrolls APM Terminals Barcelona’s electrification pilot project

The Government of Spain, via the Moves Singular Projects II Programme, has granted EUR 3.9 million ($4.28 million) to APM Terminals Barcelona to finance part of a pilot project for the electrification of the container handling equipment operating at the terminal. The Moves Singular Projects II Progr

about 3 years ago
EC approves €246 million Dutch renewable hydrogen scheme
Business & Finance

EC approves €246 million Dutch renewable hydrogen scheme

The European Commission (EC) has approved a €246 million Dutch scheme to support the production of renewable hydrogen and the construction of at least 60 MW electrolysis capacity. The measure aims to contribute to the development of renewable hydrogen in line with the objectives of the EU Hydrogen S

about 3 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

CMA CGM turns to Wärtsilä for methanol-fuelled auxiliary engines

Technology group Wärtsilä has won a contract to supply methanol-fuelled auxiliary engines for the French shipping company CMA CGM. The engines have been ordered for six 15,000 TEU container vessels which are being built at the Dalian Shipbuilding yard in China. The order was booked by Wärtsilä in Q2

about 3 years ago
Deepwater Titan drillship; Source: Transocean
Business & Finance

With multiple upcoming deals in the bag, sea of opportunities for Transocean’s rig fleet still ‘robust’

Offshore drilling contractor Transocean has expanded its contract backlog with multiple new deals during the second quarter of 2023.

about 3 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

DeepOcean charters newbuild USV with hybrid diesel-electric propulsion

DeepOcean is chartering a newbuild unmanned surface vessel (USV) which will be used for subsea inspection, maintenance and repair (IMR) and survey work in the offshore renewables and oil & gas industries. DeepOcean entered into a long-term charter agreement with USV AS, a joint venture company estab

about 3 years ago
Cosco Shipping Development electric ship
Business & Finance

COSCO Shipping’s electric containership hits the water

Chinese shipping company COSCO Shipping Development reached a significant milestone on July 26 with the launch of its 700 TEU electric container ship (N997) at the COSCO SHIPPING Heavy Industry in Yangzhou. The vessel, powered by portable container-sized batteries, is a 10,000-DWT specific route riv

about 3 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Additional time secured for BW Offshore FPSO off Nigeria

Eni has handed out yet another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field off Nigeria.

about 3 years ago
Borr Drilling
Business & Finance

Two Borr Drilling jack-up rigs booked for work in Middle East and Southeast Asia

Borr Drilling has secured letters of award (LOA) for two premium jack-up drilling rigs, which increase the company’s firm backlog by approximately 421 days, excluding optional periods.

about 3 years ago
Valaris DS-7 drillship; Source: Valaris
Business & Finance

Valaris to reactivate stacked drillship for new gig off West Africa

Valaris has secured a new long-term contract with an undisclosed company for one of its drillships, which is stacked in Spain.

about 3 years ago
Illustration; Source: ADNOC
Business & Finance

ADNOC’s decarbonisation journey picks up speed with new net-zero target

UAE’s ADNOC has decided to step up its decarbonisation efforts by accelerating its net-zero ambition to 2045.

about 3 years ago
Fugro performs another fully remote survey for TAQA
Business & Finance

Fugro performs another fully remote survey for TAQA

Fugro has completed another fully remote offshore survey inspection in the North Sea for the oil and gas operator TAQA Group. Fugro completed its first fully remote offshore integrity inspections campaign in the North Sea for TAQA Netherlands at the beginning of the year using the Fugro Orca Blue Es

about 3 years ago
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