9041 results found for 'race bank'

9041 results found for 'race bank'
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  • Research center for sustainable shipping opens in Scotland

    18 June 2025
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Research & Development, Transition

    Scotland’s University of Strathclyde, in partnership with Germany-based dry bulk carrier owner and operator Oldendorff Carriers, has launched a new research center focused on sustainable shipping.

  • MISC tied to $312M HD Hyundai deal for ‘world’s largest’ ethane carriers

    5 March 2025
    Vessels

    MISC Berhad (MISC), Malaysia’s energy-related maritime services provider, has been linked to an order for two dual-fuel very large ethane carriers (VLECs) to be built by South Korea’s titan HD Hyundai Heavy Industries. As confirmed by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) in a stock exchange filing, the two ethane carriers are set […]

  • Shell entrusts Gulf of Mexico FPU commissioning task to US player

    10 January 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Gate Energy has struck a new commissioning management and execution deal with Shell Offshore, a subsidiary of the UK-headquartered energy giant Shell, for a semi-submersible floating production unit (FPU) destined for a deepwater development in the U.S. Gulf of Mexico.

  • Aquaterra scoops up two jobs on Britain’s first permitted offshore carbon storage project

    10 June 2025
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Project & Tenders, Transition

    Aquaterra Energy, a UK-headquartered offshore energy engineering solutions provider, has picked up a new set of assignments with Northern Endurance Partnership (NEP) – encompassing BP, Equinor, and TotalEnergies – for work on the first offshore carbon capture and storage (CCS) project to receive a carbon storage permit in the UK.

  • US eyes a commercial fleet of 250 vessels to support national defense, economic security

    6 May 2025
    Infrastructure, Regulation & Policy, Rules & Regulation, Vessels

    Lawmakers in the United States have announced the reintroduction of the SHIPS for America ACT, a landmark legislation to revitalize the U.S. shipbuilding and commercial maritime industries and counter China’s dominance.

  • Oh, captain, (new) captain: Trump’s maritime masterstroke or navigational gamble?

    24 January 2025
    Authorities & Government, Market Outlooks

    Among the flurries of orders issued in the first hours post-inauguration, the current President of the United States Donald Trump has positioned Louis E. Sola at the very helm of the Federal Maritime Commission (FMC) and cast a long shadow over critical maritime issues. As disclosed, Sola was first nominated back in November 2018, which […]

  • MeyGen tidal turbine delivers highest-ever output since installation

    14 April 2025
    Business Developments & Projects, Operations & Maintenance, Project & Tenders, Technology

    UK-based tidal energy company Proteus Marine Renewables (PMR) has confirmed that the AR1500 tidal turbine deployed at the MeyGen site in Scotland exported 372 MWh of electricity in March 2025, marking the turbine’s highest monthly output since it began operations in 2017. According to PMR, the turbine achieved an average availability of 95% across the […]

  • Shipping emissions can drop over 95% by 2050 with policy support, report says

    2 May 2025
    Authorities & Government, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    International shipping can reach zero or very near zero tank-to-wake (TTW) CO2 emissions by 2050, and achieve 95%+ reductions in well-to-wake (WTW) greenhouse gas (GHG) emissions from 2018 levels, in scenarios aligned to a 1.5°C global temperature goal, according to a report from ERM, UMAS and UCL, commissioned by the UK Department for Transport as part of the evidence base for maritime decarbonization policies.

  • Four giant oil & gas projects line up for start-up in 2025 offshore Norway with more on the cards

    11 February 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Outlook & Strategy

    Vår Energi has confirmed that four major projects are expected to be put into operation this year, enabling the firm’s production to exceed 400,000 barrels of oil equivalent per day (kboepd).

  • ‘Outstanding’ drilling results at Serica’s North Sea cluster spur hopes for late June production restart

    22 May 2025
    Business Developments & Projects, Exploration & Production

    UK-based upstream oil and gas player Serica Energy has provided an update on the activities undertaken to bring its floating production storage and offloading unit (FPSO) back online following a shutdown caused by a storm.

  • MOL Chemical Tankers: Latest delivery rounds off LNG dual-fuel stainless steel tanker fleet

    10 June 2025
    Business Developments & Projects, Green Marine, Infrastructure, Vessels

    Chemical tanker operator MOL Chemical Tankers, a subsidiary of Japanese shipping major Mitsui O.S.K. Lines (MOL), has added the fourth LNG dual-fuel stainless steel chemical tanker to its fleet.

  • South Korea’s revised certification rules to boost adoption of eco-friendly ship technology

    20 February 2025
    Authorities & Government, Certification & Classification, Regulation & Policy

    South Korean Ministry of Ocean and Fisheries (MOF) has revised its operational guidelines for the eco-friendly ship and equipment certification system to include new certification standards for environmentally forward vessel equipment. As disclosed, the new standard will be effective starting February 20, 2025. The Ministry expects the guideline’s expansion to shipboard equipment—such as onboard carbon […]

  • OECD: Ocean economy sustains more than 100 million jobs

    6 May 2025
    Human Capital, Outlook & Strategy

    Over 100 million full-time equivalent jobs are sustained by the global ocean economy, with tourism and Asia-Pacific leading the charge, data provided by the Organisation for Economic Co-operation and Development (OECD) shows.

  • Three 20,000 cbm LNG bunker vessels to sport Schottel propulsion packages

    18 February 2025
    Business Developments & Projects, Equipment, Green Marine, Infrastructure, Vessels

    Schottel has secured a contract to supply full propulsion packages for three new LNG bunkering vessels under construction at Nantong CIMC Sinopacific Offshore & Engineering (SOE) in China.

  • Norwegian wave energy converter achieves over 80% conversion rate in lab test

    17 June 2025
    Business Developments & Projects, Exploration & Production, Research & Development, Technology

    Norwegian company Havkraft has reported an energy conversion rate of over 80% from its latest lab test of a scaled wave power converter model, marking the firm’s most efficient result to date. The model was tested at Stadt Towing Tank in Måløy, where recent geometric adjustments led to a performance increase of more than 15% […]

  • Seadrill drillship strikes oil & gas in US Gulf of Mexico enabling Talos to eye production start-up next quarter

    16 January 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Talos Energy has made a new oil and natural gas discovery in the U.S. Gulf of Mexico, thanks to its ongoing drilling activities with a drillship owned by Seadrill.

  • GCMD unpacks cost and compliance tool for IMO’s new climate framework

    21 April 2025
    Innovation, IT & Software, Regulation & Policy, Rules & Regulation

    The Global Centre for Maritime Decarbonization (GCMD) has unpacked a cost and compliance calculator aimed at exploring how the International Maritime Organization’s GHG Global Fuel Intensify (GFI)-linked pricing system could impact operational costs in shipping. As noted by the GCMD, the tool could prove ‘useful’ for industry stakeholders who are assessing fuel options, planning newbuilds, […]

  • All eyes on EU as it presents Clean Industrial Deal to future-proof energy sector

    26 February 2025
    Authorities & Government, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    The European Union has unveiled the Clean Industrial Deal, a transformational business plan outlining concrete actions to turn decarbonization into ‘a driver of growth‘ for European industries by supporting renewable energy sources. Specifically, the plan aims to lower energy prices, create ‘quality’ jobs and the ‘right’ conditions for companies to thrive, accelerating decarbonization while at […]

  • Legal quagmire of US offshore oil & gas drilling: Trump’s ban reversal vow clashes with ‘uphill battle’ pledges

    10 January 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Rules & Regulation, Transition

    U.S. President-elect Donald Trump has vowed to undo the offshore drilling ban, sparking a backlash from climate activists, who threaten to take the new Trump administration to court if it attempts to unravel these ocean protections.

  • GlobalData: Hydrogen economy is in critical phase of development

    29 January 2025
    Market Outlooks, Outlook & Strategy

    The hydrogen economy is currently in the critical phase of its development, according to data and analytics company GlobalData.

  • One well down, as Saipem drillship moves to another to unlock more gas at Eni’s field

    1 July 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Eni has completed the drilling of a well at a natural gas field in the Mediterranean off the coast of Egypt, using a drillship from the rig fleet of Saipem, a compatriot engineering, drilling, and construction services player.

  • NOC raising funds to cover its share of costs for TotalEnergies-led $12.2B oil project off Suriname

    5 February 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Staatsolie is taking action to secure the money required to cover its part of the development costs for the first-ever offshore oil field in Suriname, which is operated by TotalEnergies.

  • Danish Shipping shares 10 recommendations to scale up production of green fuels

    18 March 2025
    Market Outlooks, Outlook & Strategy

    Trade and employers’ association Danish Shipping has launched its recom­men­da­tions to accelerate the production of alternative fuels.

  • Canada’s Trigon approves LPG export terminal in Prince Rupert

    16 June 2025

    Trigon Pacific Terminals (Trigon), a bulk commodity export terminal, has unveiled its Final Investment Decision (FID) for a new open-access 2.5 million tonnes per annum LPG export facility in Prince Rupert, British Columbia.

  • Borr rig wraps up Gulf of Thailand job with new oil finds for Valeura

    27 May 2025
    Business Developments & Projects, Exploration & Production, Infrastructure

    Canada-based oil and gas company Valeura Energy has completed a multi-well drilling campaign in the Gulf of Thailand using Borr Drilling’s jack-up rig.  As disclosed by Valerua, the campaign was done on licence B5/27, in which the firm has a 100% operated working interest. The license covers the producing Jasmine and Ban Yen oil fields, […]