Norwegian shipowner Ocean Yield has finalized the terms of its previous announcement on the acquisition of up to ten ammonia-ready Newcastlemax dry bulk newbuildings. Namely, in its latest announcement, the company said it had agreed with the charterer to finalize the transaction scope at eight or n
TotalEnergies has secured a license extension offshore Nigeria, which will enable it to further develop the hydrocarbons in the block.
The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.
Gate LNG terminal, a joint venture of Dutch companies Vopak and Gasunie, has announced that energy majors BP and PetroChina International London Co. Ltd will each separately acquire two billion cubic metres (BCM) per year of regasification and corresponding storage capacity. Gate terminal informed t
Danish shipping company Norden has entered into an agreement to acquire Thorco Projects, a business specializing in general cargo segments such as break bulk, steel, and wind energy. This strategic move marks Norden’s expansion into new markets including the wind energy segment, which is a growing s
Swedish shipping company Erik Thun Group is investing $3.34 million in the installation of battery packs on nine of its existing vessels in the dry cargo fleet. The ship owner explained that by installing battery packs and making the shore power connection smoother for the vessels, the need to use t
UK-based XLCC has secured detailed planning approval to build what is said to be the UK’s first HVDC cable factory, located in North Ayrshire, Scotland. North Ayrshire Council Planning Committee granted full planning permission for XLCC’s HVDC subsea cable manufacturing operations in Hunterston, Sco
Talos has made arrangements with Grupo Carso to divest a partial stake in its subsidiary, which holds an interest in an oil field off Mexico.
Energy giant Shell has awarded TechnipFMC with an integrated engineering, procurement, construction, and installation (iEPCI) contract for a deepwater project in the U.S. Gulf of Mexico. Under the contract defined as “significant”, TechnipFMC will supply the subsea tree systems in addition to the EP
Heerema Fabrication Group has been hired by Aker BP for the procurement and construction of a jacket destined for a North Sea platform.
Northern Ocean has secured a contract extension from the UK-headquartered Shell for operations in Namibia.
OEUK has outlined that the recently offered carbon storage licences signify the UK could bury 30 million tonnes of CO2 a year by 2030.
NKT is planning to boost its high-voltage power cable business with a €1 billion investment in a new factory in Sweden and a power cable vessel.
Aker BP has made -what it describes as – a significant oil discovery in the North Sea off Norway, using a Saipem-owned rig.
