Search results for: race bank

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A list of search results

  • Activists go toe to toe with Big Oil in court to challenge Trump-era Gulf of Mexico drilling allowance

    26 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Rules & Regulation, Transition

    Earthjustice, a nonprofit environmental law organization, is preparing once again to fight tooth and nail to overthrow a Trump-era allowance in court.

  • Battle for work-life balance continues, as workers gear up for strike action across multiple UK offshore platforms

    12 March 2024
    Business & Finance, Business Developments & Projects, Human Capital

    This wave of strike action will hit several platforms operated by BP, TAQA, CNR, Repsol, Serica, and CNOOC.

  • Two Gulf of Mexico oil & gas discoveries come online

    3 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Talos Energy has kicked off production from two oil and natural gas deepwater discoveries in the U.S. Gulf of Mexico.

  • 2017-built FPSO picked for redeployment at North Sea oil project

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

    Jersey Oil & Gas and NEO Energy have chosen an FPSO for work on their oil development project on the UK Continental Shelf (UKCS).

  • Noble and Petronas strike a rig swap bargain offshore Suriname

    5 January 2024
    Business & Finance, Business Developments & Projects, Project & Tenders

    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.

  • Eni’s CEO portrays UK as ‘primary’ investment playground for gas, renewables, and CCS pursuits

    30 January 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Exploration & Production, Outlook & Strategy, Regulation & Policy, Research & Development, Transition

    Eni’s CEO describes the UK as a top investment destination not just for natural gas but also for renewable energy, and carbon capture and storage (CCS).

  • New vessel joins UAE firm’s subsea fleet

    30 November 2023
    Business & Finance, Business Developments & Projects, Vessels

    This 149.5-meter multi-purpose Ice Class diving support and subsea construction vessel has been made for worldwide subsea operations, including operations in coastal waters.

  • SFL buys LNG dual-fuel chemical tanker duo, seals charter deal with Stolt Tankers

    23 April 2024
    Vessels

    Bermuda-based shipowner and charterer SFL Corporation has decided to acquire two liquefied natural gas (LNG) dual-fuel chemical tankers for a price tag of $114 million.

  • LR, partners develop space-saving concept for methanol-powered ships

    20 November 2023
    Equipment, Vessels

    Classification society Lloyd’s Register (LR), in collaboration with SDC Ship Design and Consult, has developed a new concept for the use of ballast water tanks in place of cofferdams around methanol tanks, allowing ship operators more space for methanol fuel technology. 

  • Second Brazilian well back online with third one expected to follow suit within a month

    6 December 2023
    Business & Finance, Business Developments & Projects, Exploration & Production

    Enauta has brought back on stream another well at a field offshore Brazil while a third well is anticipated to return to production in the next 30 days.

  • Harim emerges as HMM’s preferred bidder

    19 December 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    A consortium led by Harim Group, the parent company of bulker operator Pan Ocean, has secured its position as the preferred bidder for the acquisition of South Korean shipping company HMM, Harim confirmed earlier today in a regulatory filing. The consortium, comprising Harim and its private equity partner JKL Partners, successfully outbid logistics company Dongwon […]

  • Panama Canal to invest more in sustainability efforts than past expansion

    15 February 2024
    Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition, Vessels, Vision

    In response to the intensifying impacts of climate change, the Panama Canal Authority has revealed a noteworthy shift in investment priorities, underscoring a commitment to channel more capital into sustainability initiatives. The canal authority has earmarked $8.5 billion for capital investments, and a large chunk of that is intended for decarbonization initiatives, outpacing the massive […]

  • ExxonMobil and Chevron amass over $57 billion in profits during 2023 while new acquisitions fuel portfolio growth

    2 February 2024
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Project & Tenders, Transition

    ExxonMobil and Chevron have raked in huge profits over the course of the past year, recording $36 billion and $21.37 billion, respectively.

  • Parker: Shipping financing will not be the same

    19 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Innovation, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition, Vessels

    Green corridors are likely to transform the realm of shipping finance as the focus shifts from emissions from ships to the entire supply chain, according to Michael Parker, Chairman of the Poseidon Principles. Parker spoke on a panel on Wednesday as part of the launch of Progress Toward Shipping’s 2030 Breakthrough report from UMAS, Getting […]

  • Pacific leaders vow to transition away from fossil fuels but ‘loopholes and weasel words’ weaken commitment

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

    While calling for a transition away from coal, oil & gas, Pacific leaders’ final text did not explicitly mention extraction and production.

  • Brand-new satellite with ‘superpower’ to gauge methane goes live – gallery

    19 March 2024
    Business & Finance, Business Developments & Projects, Environment, Equipment, IT & Software, Research & Development, Technology, Transition

    A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.

  • 64% mull cutting maritime investments amid ESG concerns, reveals Woodrow study

    30 November 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    Some 64% of senior finance professionals in the UK are contemplating reducing their investment in the maritime sector because of Environmental, Social, and Governance (ESG) risks, according to a recent study from sustainability and communications consultancy Woodrow. The report sheds light on key areas of ESG risk perceived by lenders and investors, including labour rights, […]

  • Electrification: Key to unlocking untapped oil & gas reserves and augmenting production

    29 December 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    The oil and gas industry is always on the lookout for ways to boost production levels at offshore fields and gain access to stranded and untapped reserves that are not easy to bring online.

  • COP28 brings ‘historic’ action as 50 oil & gas players pen decarbonization charter

    4 December 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    A global decarbonization charter, inked by 50 oil and gas firms to speed up climate action, will have a high-scale impact within the industry.

  • Hapag-Lloyd one step closer to 100% eBL adoption

    25 April 2024
    Infrastructure, IT & Software

    German container shipping giant Hapag-Lloyd has decided to adopt IQAX eBL to issue electronic bills of lading (eBL) over Global Shipping Business Network’s (GSBN) infrastructure.

  • Euroseas takes delivery of third eco 2,800 TEU containership

    9 February 2024
    Vessels

    Greek shipowner and operator Euroseas has taken delivery of M/V Tender Soul, the third eco EEDI Phase 3, 2,800 TEU feeder containership from Hyundai Mipo Dockyard Co. in South Korea. 

  • Noble jack-up rig finds more work in North Sea

    9 January 2024
    Business & Finance, Business Developments & Projects, Project & Tenders

    Noble Corporation has secured a new assignment for one of its harsh environment jack-up rigs with Wintershall Noordzee.

  • Japan’s first hydrogen and biofuel hybrid passenger ship enters service

    16 April 2024
    Vessels

    Japanese shipping major Mitsui O.S.K. Lines (MOL) has revealed that the hydrogen and biofuel hybrid passenger ship Hanaria started service in Kitakyushu.

  • European duo wins FEED contract for green NH3 terminal in Western Africa

    13 November 2023
    Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development

    Dutch ammonia contractor Proton Ventures and Belgian tank specialist Geldof have been awarded a front-end engineering design (FEED) contract for what is said to be the first green ammonia terminal in Western Africa. Proton Ventures said the project marks a significant step towards exporting green ammonia from Western Africa to the world, noting that the […]

  • Wallenius Wilhelmsen lands lucrative contracts worth $1.2 billion

    30 January 2024
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Market Outlooks, Outlook & Strategy, Vessels

    Oslo-listed Wallenius Wilhelmsen has sealed two contracts worth over $1.2 billion with an unnamed global construction and mining equipment manufacturer and one of the largest automotive distributors in the Americas. The first multi-year shipping contract, valued at approximately $1 billion based on expected volumes is valid for three years with an optional two-year extension. The […]