Search results for: race bank

2147 results

A list of search results

  • IMO in the spotlight to adopt revised GHG strategy as MEPC 80 kicks off

    3 July 2023
    Authorities & Government, Environment, Rules & Regulation

    The Marine Environment Protection Committee (MEPC) – 80th session has opened at the International Maritime Organization (IMO).

  • UK enriches its gas arsenal as another North Sea well comes online

    13 June 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    IOG has brought on stream another well, as part of the Saturn Banks Project – Phase 1 in the Southern North Sea.

  • IMO’s ship recycling convention will fail to ensure sustainable recycling, NGOs warn

    5 July 2023
    Market Outlooks

    Environmental groups around the world have issued a warning that the International Maritime Organisation’s (IMO) Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, which will enter into force in 2025, could fail to ensure sustainable ship recycling.

  • CoolCo purchases two newbuild LNG carriers from EPS

    3 July 2023
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Vessels

    Cool Company Limited (CoolCo), an owner, operator and manager of LNG carriers, has exercised its option to acquire two newbuild 2-stroke LNG carriers from affiliates of Eastern Pacific Shipping (EPS). The LNG carriers, named Kool Tiger and Kool Panther, are being built by Hyundai Samho Heavy Industries in Korea and are scheduled for delivery in September and December of […]

  • One of UK’s largest undeveloped oil fields put on hiatus once again

    14 July 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation

    Reports indicate that the decision on whether to approve or not one of the largest undeveloped oil fields in the UK is unlikely anytime soon.

  • WoodMac: Gas resource holders in LNG vs. ammonia dilemma

    19 June 2023
    Market Outlooks, Outlook & Strategy, Transition, Vision

    According to the “Stick or twist: Should gas resource holders target LNG exports or blue ammonia?” report by energy intelligence group Wood Mackenzie (WoodMac), the acceleration of the energy transition means gas resource holders increasingly face a choice to either follow the established pathway and develop new LNG export facilities or pivot into developing blue […]

  • EU clamps down on ship-to-ship transfers breaching Russian oil import ban

    26 June 2023
    Authorities & Government, Green Marine, Regulation & Policy, Rules & Regulation, Vessels

    In a bid to tighten the enforcement of existing sanctions against Russia, the European Union has implemented a comprehensive 11th package of measures, including significant restrictions on ship-to-ship transfers. The new regulations, adopted by the Council, aim to curb circumvention tactics employed by vessels suspected of breaching the Russian oil import ban or the G7 […]

  • In focus: Energy system transformation gathers pace with government-backed innovations

    25 February 2022
    Authorities & Government, Business Developments & Projects, Collaboration, Equipment, Human Capital, Innovation, Market Outlooks, Outlook & Strategy, Regulation & Policy, Technology, Transition, Vision

    Among numerous energy transition initiatives, the ones that stood out the most this week were enacted by governments which truly do have the power to bring about the long-overdue upgrade to our energy landscape.

  • Container freight rates holding up as blank sailings hit 435

    20 April 2020
    Business & Finance

    The container carriers have blanked a total of 435 sailings on various deep-sea trades, equaling a demand decline of 7 million TEU in 2020 caused by the COVID-19 pandemic’s impact on global economies. The figures were revealed by Danish consultancy Sea-Intelligence, which said the push has served as a strong underpinning for the freight rates […]

  • Valaris jack-up rig comes to Trinidad to embark on its new drilling gig

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

    Valaris has confirmed the arrival of one of its heavy-duty ultra-harsh environment jack-up rigs in Trinidad.

  • CRIMSON tidal energy project enters next phase

    12 June 2023
    Business Developments & Projects, Collaboration, Equipment, Innovation, Market Outlooks, Outlook & Strategy, Technology

    The EU-backed CRIMSON project has moved to the next stage with the delivery of new foils for ORPC’s tidal energy turbine.

  • Construction works on Canada’s first LNG export facility reaching final stages

    19 June 2023
    Business Developments & Projects, Infrastructure, Operations & Maintenance

    LNG Canada, a joint venture of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation, has shared construction updates as it nears completion of Canada’s first LNG export facility. According to LNG Canada, the project’s construction is more than 80% complete and the upcoming months will be about completion and preparation for the plant operation. […]

  • With Gulf of Paria well back online, UK firm works on stabilising production rates

    30 March 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    UK-headquartered Trinity Exploration & Production plc has brought back on stream a well located in the Gulf of Paria.

  • New legal storm looms over the UK: Will it scrap its £11.6 billion climate pledge?

    7 July 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Human Capital, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    The plot thickens further with a leaked document about the UK’s alleged plans to scrap its £11.6 bln (close to $14.9 billion) climate pledge.

  • DNV approves Hydromea’s underwater inspection robot

    13 June 2023
    Business & Finance, Business Developments & Projects, Certification & Classification, Equipment, Innovation, Outlook & Strategy, Technology

    Scotland’s remote technology specialist Air Control Entech (ACE) has received the DNV class approval for Hydromea’s EXRAY underwater inspection robot for visual remote inspection technology (RIT). EXRAY, developed by Swiss underwater robotics company Hydromea, is an underwater inspection robot that is designed to overcome the challenges posed by inspecting submerged areas. With its compact size, […]

  • Subsea tie-back leader facing inflation-driven cost increase of $6.5 billion

    18 January 2022
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Research & Development

    Norway, the global subsea tie-back leader, is set for an inflation-driven cost increase of $6.5 billion on upcoming contract awards for goods and services in the offshore oil and gas industry through 2026, according to Rystad Energy’s latest report. During the five-year period, about 275 subsea trees are expected to be ordered in Norway and […]

  • Honduras to Modernize, Expand Puerto Cortes with $135 Million IDB Financing

    3 December 2010

    Honduras will expand and modernize Central America’s biggest port with $135 million of loans from the Inter-American Development Bank (IDB). Puerto Cortés is the main port of Honduras, handling almost 90% of maritime traffic. Located on the northeast coast of the country, on the Caribbean Sea, it is the biggest and deepest port in Central America […]

  • In focus: Recent developments in the energy transition race

    7 May 2021
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Outlook & Strategy, Transition, Vessels

    With the In focus column, Offshore Energy delivers a weekly snapshot containing the most relevant energy transition items.

  • TotalEnergies’ fresh oil & gas discovery opens doors for new tie-back off Nigeria

    13 June 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    TotalEnergies has made a new oil and gas discovery in a shallow water block offshore Nigeria, which puts a tie-back to the existing infrastructure on the table.

  • UK’s tax changes: First step to ‘restore confidence’ in oil & gas sector and safeguard energy security

    9 June 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation

    The UK has now made adjustments to the oil and gas tax terms in a bid to protect the country’s energy security.

  • Interview with MCF’s CEO: In hot pursuit of gas as embodiment of low-carbon energy and stepping stone to green future

    3 July 2023
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    Natural gas is perceived to be the perfect candidate to bridge the supply gap in the transition from fossil fuels to renewables.

  • Annual renewable power must triple by 2030, IRENA claims

    22 June 2023
    Market Outlooks, Outlook & Strategy, Transition, Vision

    In the first volume of the World Energy Transitions Outlook (WETO) 2023, the International Renewable Energy Agency (IRENA) calls for annual renewable power additions of 1,000 GW by 2030 to keep the 1.5°C climate target within reach. More specifically, IRENA identifies the way forward to immediately course correct the 1.5°C climate pathway and calls for […]

  • BHP Billiton Announces Board Changes (Australia)

    25 March 2011
    Business & Finance

      BHP Billiton Chairman, Jac Nasser, today announced that Mr Alan Boeckmann will retire from the Board and Mr Lindsay Maxsted will be appointed as an independent Non-executive Director, both effective as of today. Mr Maxsted is Chairman of infrastructure company, Transurban Group, and a Non-executive Director of Westpac Banking Corporation, where he is Chairman […]

  • NBB: Study on Economic Importance of Belgian Ports

    26 June 2014
    Business & Finance, Equipment, Technology

    The National Bank of Belgium (NBB) has published an annual update of the study on the economic importance of the Flemish maritime ports – Antwerp, Ghent, Ostend and Zeebrugge -, the Liège port complex and the port of Brussels. The contribution of each port to the national economy is estimated on the basis of the […]

  • IOG’s Southern North Sea well to come online this month

    7 June 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy, Project & Tenders

    UK-headquartered IOG plc is planning to bring the second Blythe production well on stream this month, despite losing 34 days to the well control event. In an update issued following well clean-up and testing operations that took place at the Blythe H2 well from 4 to 7 June, IOG plc revealed that the well was […]