Taiwanese container shipping company Wan Hai Lines has ordered twelve 3,013 TEU container vessels worth a total of $565 million. The containerships will be built by Japanese shipbuilder Japan Marine United Corporation’s Nihon Shipyard, Wan Hai Lines said. The contract announcement coincides with the
The oil and gas industry expects to boost investment in the energy systems of the future this year as companies seek to transform for the long term, DNV GL said.
Better digital collaboration between private and public entities across the maritime supply chain will result in significant efficiency gains, safer and more resilient supply chains, as well as lower emissions, a new report shows.
The Covid-19 pandemic caused the value of 2020’s awarded contracts to slump to a 16-year low, according to Rystad Energy.
Australia’s Global Energy Ventures and Pacific Hydro Australia Developments Pty Ltd have executed a Memorandum of Understanding (MOU) to explore opportunities regarding the production, storage, loading, ground and marine transportation of green hydrogen. The hydrogen is set to be produced by Pacific
Gasum, the Nordic energy company, sees the potential of increased investment in future projects due to the price increase of LNG. In this week’s analysis, Gasum reports that the Risavika LNG reached 30.20 Euro per megawatt-hour. European gas prices remained supported by tight supply and cold weather
The latest survey on the UK’s Subsea sector has revealed an improved outlook for the industry with less anticipated redundancies, greater optimism and new geographical markets. Industry body, Subsea UK, surveyed its 300 members in early July and then again in late November 2020 to provide insight in
Norwegian contractor Reach Subsea has introduced new and future-proof, sustainable solution for subsea services. The project, named Reach Remote, is a cooperation with industrial partners Kongsberg Maritime and Massterly, and also gets support from Innovation Norway. The first stage of Reach Remote
Despite the ongoing coronavirus pandemic, activity on the Norwegian continental shelf last year remained at a high level with high production and significant investments in developments and projects on the fields.
Lamprell has decided to reorganise into three new business units, Renewables, Digital, and Oil & Gas as part of its efforts to focus on energy transition.
New research has shown that aggregate fossil fuel demand would peak in 2027 with oil peaking in 2029 and gas in 2037, partially due to the impacts of COVID-19.
Decarbonization in the shipping sector is inevitable. However, charting the way forward for the sector seems to be a very complex and demanding task as the industry stakeholders look at how regulations and market-based mechanisms can help the sector transition into a greener future. Regulation will
Rystad Energy, an independent energy research and business intelligence company, analyzed gas-related activity of 2020 and published a report that offers key figures and a long-term outlook on the future of the industry.
Rystad Energy has conducted a comprehensive company-level analysis of the world’s upstream industry, identifying the top carbon-intensity performers.
