Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the new
Vitol Asia, a unit of a Switzerland-based energy and commodities company Vitol, and GAIL (India), the largest natural gas supplier under India’s Ministry of Petroleum and Natural Gas, have signed a deal for the annual supply of approximately one million metric tons of LNG for a period of approximate
Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has extended and expanded its services to LNG import terminal Sociedad Portuaria el Cayao (SPEC LNG) in Cartagena, Colombia. Höegh LNG said the agreement with SPEC enables continuity and increase of energy supply through at least 2031,
Noble Corporation has worked out the details for a rig swap offshore Suriname with Petronas Suriname E&P, a subsidiary of Malaysia’s energy giant Petronas.
Aker BP has teamed up with technology provider Vissim to adopt an upgraded oil spill detection solution across its key offshore installations. Set to be installed at Aker BP’s major facilities, including Valhall, Ula, Edvard Grieg, Ivar Aasen, Alvheim, and Skarv, this upgraded, radar-based oil spil
BP has achieved 1 billion barrels of total oil production from its operated platform in the Caspian Sea off the coast of Azerbaijan.
Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has selected South Korean shipbuilding major Samsung Heavy Industries (SHI) and U.S. LNG infrastructure solutions company Black & Veatch to provide engineering, procurement and constructio
BP has handed out a contract to Danos to renew drilling logistical services for the oil major’s Gulf of Mexico assets.
“A lot of people talk about digitalization, but digitalization is not a purpose in itself, but it can be an enabler to meet changing customer demands,” said Maaike de Rover, Program Manager Digitalization, Huisman. During the Huisman session at the Offshore Energy Exhibition & Conference (OEEC) 2023
PTTEP is ready to pool resources with Japan’s Inpex to undertake a study on carbon storage potential in the Northern Gulf of Thailand.
Ithaca Energy has decided to appoint an interim Chief Executive Officer (CEO) until its search for a new one can be completed, following the resignation of its current CEO.
To combat climate change, the energy mix must shift from a mix that is dominated by fossil fuels, oil & gas, coal, to an energy mix that depends more on clean energy production methods. The good thing is that everyone is committed to achieving this goal. The challenge that comes with this is that a
Should the world aim for a balancing act to satisfy both energy security and green future aspirations or pick just one?
Lerwick Harbour, situated at the crossroads of the North Sea and North-east Atlantic, has been tasked with servicing Equinor’s first development phase of a controversial oil and gas field located on the UK Continental Shelf (UKCS).
