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Business & Finance

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Rendering of the Ruwais LNG concept design; Source: ADNOC
Business & Finance

ADNOC and RWE diving into new LNG opportunities as multiple deals boost Germany – UAE energy cooperation

United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC) has joined forces with RWE Supply & Trading (RWE) to look into new opportunities for liquefied natural gas (LNG) supply to Germany and European markets, building on the Middle Eastern player’s existing LNG s

about 5 months ago
Fratelli Cosulich’s first in four-vessel methanol-ready bunker tanker series hits the water
Business & Finance

Fratelli Cosulich’s first in four-vessel methanol-ready bunker tanker series hits the water

Italy’s maritime transportation group Fratelli Cosulich has launched the first unit in its four-ship methanol-powered IMO II chemical bunker tanker series, under construction in China. The vessel named Anna Cosulich was launched on February 4 at the Taizhou Maple Leaf Shipyard in China, with Giovann

about 5 months ago
Visual of 18,600 TEU container vessel ordered by Maersk; Courtesy of Maersk
Business & Finance

Maersk’s orderbook climbs to 33 vessels with addition of eight 18,600 TEU ships

Danish shipping and integrated logistics titan A.P. Moller – Maersk is enlarging its fleet by placing an order for eight large vessels with China’s New Times Shipbuilding.

about 5 months ago
Saipem’s underwater drone wraps up another autonomous mission
Business & Finance

Saipem’s underwater drone wraps up another autonomous mission

Saipem’s first resident underwater intervention drone (UID) has performed another autonomous mission as part of a ten-year contract signed in 2019 with Equinor, said to be the first global service agreement for underwater drones in the offshore energy sector. Hydrone-R performed the autonomous surve

about 5 months ago
Chim Sáo field in Vietnam; Source: Harbour Energy
Business & Finance

PSC for Southeast Asian block with three gas fields to run up to July 2034

London Stock Exchange-listed energy player EnQuest has picked up a multi-year extension for a production sharing contract (PSC) covering a block off the coast of Vietnam in Southeast Asia.

about 5 months ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Business & Finance

Chevron and TPAO set their cap on oil & gas exploration in Black Sea

U.S.-headquartered energy giant Chevron has sealed a deal with Türkiye‘s national oil and gas giant, Türkiye Petrolleri A.O. (TPAO), to embark on oil and natural gas exploration and production in the Black Sea.

about 5 months ago
Multiple newbuild vessel charters with US LNG giant come NYK and Ocean Yield’s way
Business & Finance

Multiple newbuild vessel charters with US LNG giant come NYK and Ocean Yield’s way

Cheniere Marketing International, a wholly owned subsidiary of the U.S. energy player Cheniere Energy, has signed off on long-term charter deals for new liquefied natural gas (LNG) carriers (LNGCs) with Japan’s shipping major Nippon Yusen Kaisha (NYK) Line, part of NYK Group, and Norway’s Ocean Yiel

about 5 months ago
DOF strikes again with Shell in North America
Business & Finance

DOF strikes again with Shell in North America

Norwegian vessel owner DOF Group has secured a contract with Shell, defined as substantial, for the delivery of well intervention services in North America. As part of the contract awarded by Shell Offshore, DOF’s regional subsea team in North America is in charge of project management, engineering,

about 5 months ago
Mystery clients book two Solstad construction support vessels
Business & Finance

Mystery clients book two Solstad construction support vessels

Norwegian offshore shipping company Solstad has entered into two letters of intent (LoIs) for two of its construction support vessels (CSVs). Solstad Maritime signed a LoI with an international subsea contractor for Normand Navigator, with the contract to start in the second quarter of the year and

about 5 months ago
Courtesy of CIMC SOE
Business & Finance

Three new LNG bunkering vessels enlarge Chinese player’s orderbook

China-headquartered engineering player Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) has received orders for three liquefied natural gas (LNG) bunkering vessels.

about 5 months ago
Newbuild LPG-powered LPG carrier Energia Grandeur; Source: MOL
Business & Finance

South Korean shipyard delivers MOL’s newbuild LPG carrier hired by TotalEnergies

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has taken delivery of a newbuilding LPG dual-fuel very large gas carrier (VLGC) from Hyundai Samho Heavy Industries in South Korea.

about 5 months ago
Kongsberg Maritime to design and equip Transpetro’s new methanol-ready tankers
Business & Finance

Kongsberg Maritime to design and equip Transpetro’s new methanol-ready tankers

Norway-headquartered Kongsberg Maritime has secured a contract to design and equip four methanol/ethanol-ready handy-size product tankers that will be operated by Brazil’s oil & gas transportation company Petrobras Transporte (Transpetro). Kongsberg Maritime secured the NOK 300 million (about €26.25

about 5 months ago
Illustration; Source: Petrobras
Business & Finance

Petrobras gets its hands on stake in Namibia’s offshore block

Brazilian state-owned energy giant Petrobras has decided to acquire an interest in an exploration block, which is part of Namibia’s offshore oil and gas playground.

about 5 months ago
Repurposed jack-up rig sets sail for Gabon
Business & Finance

Pre-emption twist may block or delay BW Energy’s entry into Angola’s oil & gas arena

Oslo-listed oil and gas E&P player BW Energy is facing a pre-emption challenge, spurring uncertainty over its acquisition of two blocks off the coast of Angola, potentially hindering the firm’s expansion in West Africa.

about 5 months ago
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