Search results for: hai long 2

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  • Maersk Tankers acquires Penfield Marine to create large-scale tanker company

    9 January 2024
    Business & Finance, Business Developments & Projects

    Danish tanker company Maersk Tankers has acquired US pool operator Penfield Marine to create a large-scale crude and product tanker company offering a wider range of services.

  • GTT nets tank design order for eight new very large LNGCs

    14 February 2024
    Business Developments & Projects, Vessels

    French LNG containment specialist GTT has received an order from a Chinese shipyard for the tank design of eight new very large liquefied natural gas carriers (LNGCs). GTT said it will design the tanks for these eight LNG carriers, which will each offer five tanks with a total capacity of 271,000 m3. The tanks will […]

  • Equinor sees downturn in oil & gas workers’ injury frequency

    1 May 2024
    Business & Finance, Business Developments & Projects, Human Capital, Safety

    Equinor has provided safety results for the first quarter of 2024, reporting no serious well control incidents.

  • QatarEnergy dishes out $6 billion to boost production at Qatar’s largest oil field

    31 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    QatarEnergy has handed out four multi-billion-dollar engineering, procurement, construction, and installation (EPCI) contract packages to multiple players in a bid to propel forward the next development phase of Qatar’s largest offshore oil field.

  • Contract signed for Estonia’s first 100% alternatively fueled workboat

    26 January 2024
    Business Developments & Projects, Infrastructure, Vessels

    Estonian shipbuilder Baltic Workboats AS signed a contract with the Estonian State Fleet for the design and construction of a new environmentally friendly multipurpose vessel.

  • Study: 50 new bunker vessels needed to prepare Germany for rising green fuel demand

    6 May 2024
    Business Developments & Projects, Infrastructure, Outlook & Strategy, Research & Development, Transition, Vessels

    With the forecasted increase in bunker demand developing in parallel with the fuel mix towards emission-neutral fuels, there’s a pressing need for a timely and ambitious development of an adapted bunker fleet in German seaports, a new study concluded.

  • INPEX: Authorities clear revised development plan for Abadi LNG project

    8 December 2023
    Authorities & Government, Business Developments & Projects, Regulation & Policy

    Japanese energy company INPEX Corporation has received written approval for the revised development plan for its Abadi LNG project in Indonesia. INPEX received the approval on behalf of the joint venture composed of INPEX Masela, PHE Masela, and Petronas Masela. The company submitted a revised Plan of Development (POD) to Indonesian government authorities on April […]

  • UK firm takes its work-class ROV to Mexico

    10 May 2024
    Business & Finance, Business Developments & Projects, Equipment, Outlook & Strategy, Project & Tenders

    UK’s Forum Energy Technologies (FET) has secured a contract with a Mexican subsea company for the delivery of one of its work-class remotely operated vehicles (ROV). FET reported that its Subsea Technologies product line had won a contract from AQUA Exploracion for one of its Ultra Compact Perry XLX-C work-class ROVs, which will be equipped […]

  • Stena RoRo orders dual-fuel hybrid E-Flexer for Corsica Linea

    9 January 2024
    Vessels

    Swedish shipping company Stena RoRo has placed an order for a dual-fuel RoPax-class E-Flexer vessel which will be operated by French ferry operator Corsica Linea.

  • Lawsuit case against Shell directors ends with court dismissal

    16 November 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    A lawsuit against Shell’s board of directors has been thrown out of court, preventing ClientEarth from pursuing derivative action.

  • BIMCO: 2024 brings a whopping 41% surge in containership deliveries, beating 2023 record

    10 January 2024
    Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    In 2023, global shipyards delivered 350 new containerships with a total capacity of 2.2 million TEU, beating the previous record from 2015 when 1.7 million TEU was delivered. The 2023 record is now likely to be beaten already in 2024, BIMCO announced. As 2023 saw a relatively low level of container ship recycling, new ships […]

  • ‘Herculean effort’ needed to unleash CCUS at scale, but repurposing North Sea oil & gas infrastructure offers a boon for Europe

    23 November 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Market Outlooks, Project & Tenders, Transition

    Xodus has unveiled a new whitepaper, which was produced in partnership with Subsea7 and designed as a tool for assessing the relative cost efficiency of carbon capture, utilization, and storage (CCUS) projects and the timeline for their viability.

  • TEN enriches its fleet portfolio with five eco-friendly tankers

    2 February 2024
    Infrastructure, Vessels

    Greek shipping company Tsakos Energy Navigation (TEN) has ordered five environmentally friendly tankers from Norwegian shipowner Viken Crude AS.

  • BP’s profit plunges to $2.7 billion amid oil & gas price headwinds

    7 May 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks

    BP has recorded a fall in profit on a quarterly and year-over-year (y-o-y) basis driven by the downturn in energy prices.

  • UK setting the stage for construction of $5 billion subsea green electricity superhighway in autumn

    3 May 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Infrastructure, Research & Development

    The development of an HVDC cable connection, which is said to be the longest ever built in Great Britain, is moving forward, with the construction works slated to kick off this autumn.

  • Jadestone expands its stake in Australian offshore oil-producing fields

    14 November 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Jadestone Energy has set the wheels into motion to get additional interest in a project, encompassing oil-producing fields off Australia.

  • Biden-Harris administration to back US hydrogen industry with $750 million

    14 March 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Regulation & Policy, Technology

    As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) has announced $750 million for 52 projects across 24 states to support the hydrogen industry. According to DOE, these projects, funded by the President’s Bipartisan Infrastructure Law, will help advance electrolysis technologies and improve manufacturing and recycling capabilities for clean […]

  • TechnipFMC and BP extend long-standing relationship with new contract

    17 January 2024
    Business & Finance, Business Developments & Projects, Collaboration, Project & Tenders

    TechnipFMC has secured a contract that it describes as “significant” to deliver subsea services for BP in the Gulf of Mexico. TechnipFMC has been awarded a contract by BP for its Argos Southwest Extension project in the Mad Dog field, under which it will install pipe and an umbilical, tying back three new wells to […]

  • Baron Oil agrees farm-up for Timor-Leste PSC

    26 December 2023
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production, Outlook & Strategy, Project & Tenders, Regulation & Policy, Vision

    UK-based oil and gas company Baron Oil has signed a memorandum of understanding (MoU) with Timor Gap for the farm-up of the Chuditch production sharing contract (PSC) offshore Timor-Leste. Baron Oil announced a proposed assignment of a 15% working interest in the TL-SO-19-16 PSC offshore Timor-Leste to Timor Gap Chuditch Unipessoal, the existing joint venture […]

  • Jan De Nul orders twin to XL cable-layer Fleeming Jenkin

    17 May 2024
    Business & Finance, Business Developments & Projects, Environment, Green Marine, Innovation, Outlook & Strategy, Project & Tenders, Regulation & Policy, Technology, Transition, Vessels, Vision

    Jan De Nul has ordered a new XL cable-laying vessel (CLV), identical to the Fleeming Jenkin ordered at a Chinese shipyard last year. With a cable-carrying capacity of 28,000 tonnes, the vessels are said to be the largest capacity CLVs in the world. Like Fleeming Jenkin, the new vessel will be 215 meters long and […]

  • SSEN Transmission renews partnership with BAM and Siemens Energy

    14 March 2024
    Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy

    SSEN Transmission has renewed its partnership with BAM and Siemens Energy regarding the delivery of onshore transmission infrastructure schemes. BAM and Siemens Energy will support SSEN Transmission in delivering onshore transmission infrastructure schemes, working to help deliver the substations that are required to connect the transmission network in north Scotland by 2030. The partners signed a […]

  • OEG wins East Anglia Three UXO contract

    20 March 2024
    Business Developments & Projects, Operations & Maintenance, Project & Tenders, Research & Development

    OEG Renewables’ subsidiary Hughes Subsea has been awarded a contract to carry out an unexploded ordnance (UXO) identification and clearance campaign on the 1.4 GW East Anglia Three offshore wind farm site in the UK. The campaign is expected to last six months, commencing in mid-March and continuing until early October, utilizing the 66.4-meter-long DP2 […]

  • Chinese cabling giant buys into two UK companies, enters Morocco-UK power project

    29 January 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Transition, Vision

    Chinese power cable specialist Orient Cable (NBO) is entering the Morocco-UK Power Project with the acquisition of a stake in the company behind the multi-technology renewable energy project. Xlinks First Limited announced it had entered into a share subscription agreement for the placement of common shares for gross proceeds of around £5 million on January 22. The transaction will […]

  • SAAM Towage’s electric tugs about to head for Canada

    19 December 2023
    Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    The first two electric tugs for SAAM Towage’s fleet, built by the Turkish shipyard Sanmar, are ready to sail from the Port of Tuzla to Vancouver, Canada, where they will join the fleet operating in that country. The Chile-based tug provider operates more than 20 tugs along Canada’s west coast at nine ports in British […]

  • Australian electrolyzer firm raises $111 million in Series B investment round led by BP

    9 May 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Technology

    In what has been described as the largest Series B investment round in Australian clean tech history, electrolyzer company Hysata has raised $111 million led by BP Ventures and Templewater.