Search results for: race bank

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A list of search results

  • McDermott firm gets DNV’s blessing for liquid hydrogen cargo containment system

    30 August 2023
    Business Developments & Projects, Certification & Classification, Equipment, Green Marine, Infrastructure, Regulation & Policy

    McDermott’s unit CB&I has obtained approval in principle (AiP) from classification society DNV for its design of a liquid hydrogen (LH2) cargo containment system for gas carriers. CB&I developed the containment system in collaboration with Shell International Trading and Shipping Company Limited. The containment system design is based on CB&I’s vacuum-insulated spherical technology for onshore […]

  • Are we ready for ammonia?

    18 September 2023
    Authorities & Government, Business Developments & Projects, Certification & Classification, Environment, Green Marine, Infrastructure, Innovation, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Research & Development, Rules & Regulation, Safety, Technology, Transition, Vessels

    Over the course of the past year, the maritime industry has witnessed a remarkable surge in projects centered around ammonia as a sustainable ship fuel. Ammonia-powered ship types, fueled by zero-emission ambitions, have taken center stage at this year’s Gastech in Singapore, capturing the imagination of industry stakeholders and environmental advocates alike. The exhibition and […]

  • California’s lawsuit against ExxonMobil, Shell, BP, ConocoPhillips and Chevron seen as ‘monster of a climate case’

    19 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    Five oil majors together with API are being sued in California for their alleged role in downplaying the risks posed by fossil fuels.

  • Will UK pull out of energy treaty now or wait to see if low-carbon and green provisions will be woven into its fabric?

    4 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    The UK is set on reviewing its Energy Charter Treaty membership, which will enable it to consider withdrawal as an outcome of the review.

  • Ammonia-powered ships expected to be 50-130 pct pricier to build

    31 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Research & Development, Rules & Regulation, Transition, Vessels

    The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, private equity firms, lessors, export credit agencies, and […]

  • Despite higher day rates, new rig orders not on the cards soon, says Westwood

    31 August 2023
    Business & Finance, Business Developments & Projects, Market Outlooks, Outlook & Strategy, Project & Tenders

    While Westwood believes that a newbuilding cycle will not happen anytime soon, any new rig orders are likely to be for jack-ups.

  • Survey: Passengers interested in paying more for reduced emissions

    31 August 2023
    Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Transition, Vessels

    An impressive majority of 68 percent of Finnish maritime respondents who participated in a recent survey have expressed their willingness to pay more money in exchange for emission reduction on their travels. The EPSI Rating’s Passenger Transport 2023 survey examined the customer experience and customer satisfaction for different maritime transport companies. A total of  928 […]

  • Wah Kwong welcomes ‘smart’, LNG-ready Eastern Venture

    30 August 2023
    Vessels

    Hong Kong shipowner Wah Kwong Maritime Transport Holdings has taken delivery of a new Ultramax bulk carrier which will be built as a ‘liquified natural gas (LNG) ready’ vessel.

  • After two workers suffered injuries on North Sea platform, Repsol Sinopec slapped with £535,000 fine

    5 September 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Project & Tenders, Regulation & Policy, Rules & Regulation, Safety

    Repsol Sinopec Resources UK Limited has been fined £535,000 after the uncontrolled collapse of a crane injured two workers.

  • In focus: Backed with government and private funding, offshore energy and shipping industries go full steam ahead towards net-zero future

    1 September 2023
    Business & Finance, Business Developments & Projects, Equipment, Innovation, Outlook & Strategy, Regulation & Policy, Technology, Vessels

    Europe and the United States have set in place a number of funding programs designed to boost and accelerate the development of a very diverse ‘clean energy sector’, which is being backed by significant initiatives from the major players coming from the more established maritime and oil and gas industries, which are becoming increasingly aware that the clean future has no other alternative.

  • More time in Caribbean for Golden Energy Offshore vessel

    21 August 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Golden Energy Offshore Services has secured a contract extension for one of its PSVs with an undisclosed operator in the Caribbean.

  • UK’s blueprint for energy security goes hand in hand with net zero as oil & gas, nuclear and renewables join forces

    15 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    The UK government recently set out plans to scale up the deployment of renewables, ramp up nuclear and maximise the oil and gas production.

  • North Sea project comes online six months ahead of schedule

    25 August 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Equinor has started production from a project, which is expected to boost production by 26 million barrels of oil equivalents from a field in the North Sea off Norway.

  • Following new oil discovery in Gulf of Suez, three more wells on drilling agenda

    23 August 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Egypt’s E&P company Cheiron has made a new oil discovery at a field in the Geisum and Tawila West concession in the Gulf of Suez.

  • Diamond Offshore rig starts drilling work off Australia

    21 August 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    A semi-submersible rig, which is owned by Diamond Offshore Drilling, has kicked off the first drilling assignments on its list in Australia. 

  • New oil & gas discovery for Talos in Gulf of Mexico

    9 August 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Talos Energy has made a commercial oil and natural gas discovery in the Gulf of Mexico, which will be tied back to an existing platform.

  • VesselsValue: Tankers lead the demolition charge

    14 August 2023
    Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, the number of bulkers scrapped was low, with […]

  • El Musel LNG terminal welcomes first commercial ship

    14 August 2023
    Business Developments & Projects, Collaboration, Outlook & Strategy, Vessels

    Energy major Enagás has announced that the El Musel LNG terminal in Gijón, Spain, has received power major Endesa’s first vessel, the 180,000 m3 capacity Gaslog Warsaw, following the final technical tests required before the plant’s commercial commissioning. According to Enagás, on 31 July, following the successful completion of the capacity allocation procedure (open season), […]

  • Seadrill, Dolphin and Borr upbeat about offshore drilling market amid strong rig demand

    17 August 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Seadrill, Dolphin, and Borr are encouraged by signs of a rig market upcycle amid strong tendering and contracting activity.

  • Wallenius Wilhelmsen pens deal for up to 12 methanol and ammonia-ready newbuilds

    15 August 2023
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Oslo-listed RoRo vessel operator Wallenius Wilhelmsen ASA has signed a letter of intent for delivery of four 9,350 CEU methanol-capable and ammonia-ready vessels and individual options for an additional eight car carriers. The four vessels are set for delivery from mid-2026 and onwards by China’s Jinling Shipyard (Jiangsu). “We are securing our position as our […]

  • Jan De Nul Inks Race Bank Contract

    12 March 2015
    Business & Finance, Equipment, Technology, Vessels

    DONG Energy signed an agreement with the Jan De Nul Group today for the installation of subsea export cables at the Race Bank offshore wind development project in the UK. Jan De Nul Group has significant experience within dredging, and has now extended its business into cable installation. Noël Pille, Jan De Nul Group’s offshore […]

  • In focus: Finding common ground to navigate energy minefield for carbon-free world

    18 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    While no marching orders are in sight for the oil and gas sector, the energy and maritime industries are pulling out all the stops to curb emissions and decarbonise their operations.

  • Danish Shipping: Shipping industry’s investment in LCO2 transport hinges on market certainty

    22 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Infrastructure, Innovation, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Research & Development, Rules & Regulation, Storage, Transition, Vessels

    Shipping companies are ready to invest heavily in the construction of ships that can transport liquefied CO2, but they need more clarity that the market for their ships will be there once they are built. This was the message from Danish Shipping, a trade and employer organisation for more than 90 shipowners and offshore companies, […]

  • Himalaya Shipping CEO: We have the right ships at the right time

    8 August 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Transition, Vessels

    Bermuda-based shipping company Himalaya Shipping, a rising star in the dry bulk industry, is well on its way on its transition path into a fully operational company, thanks to timely investments in the ‘right ships’. One of the key highlights of the first half of 2023 for the company was the delivery and initiation of […]

  • Yangzijiang orders GTT tank designs for ten LNG-fueled container vessels

    27 July 2023
    Business Developments & Projects, Vessels

    French LNG containment specialist GTT has received an order from its partner, the Chinese shipyard Yangzijiang, to design the cryogenic fuel tanks of ten ultra-large container vessels fueled with liquefied natural gas (LNG). The container vessels of 24,000 TEU each will be equipped with one single LNG fuel tank, with a capacity of 18,600 m3, […]