Search results for: race bank

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  • MEPC 81: Lion’s share of countries throw support behind global GHG price for shipping

    22 March 2024
    Regulation & Policy, Rules & Regulation

    As this week’s meeting of the International Maritime Organization’s Marine Environment Protection Committee (MEPC 81) winds down, a clear majority of developed and developing countries have supported a global greenhouse gas (GHG) price for shipping.

  • IMO’s decarbonization focus tested amid escalating Red Sea tensions

    5 February 2024
    Authorities & Government, Business Developments & Projects, Green Marine, Outlook & Strategy, Regulation & Policy, Rules & Regulation

    Following a major step to create a regulatory framework for the full decarbonization of the maritime industry with the adoption of a revised Greenhouse Gas (GHG) strategy in July last year and alignment with the objectives of the Pairs Agreement on curbing global warming, the International Maritime Organization (IMO) is now gearing up for a […]

  • K Line buys out kite manufacturer AIRSEAS

    16 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Innovation, Outlook & Strategy, Vessels

    Japanese shipping company Kawasaki Kisen Kaisha (K Line) has acquired the French wind propulsion specialist Airseas. The French company, a spin-off of Airbus Group, has developed the Seawing, an automated kite system using wind power. The system has the potential to help vessels reduce up to 20% of CO2 emissions. In combination with alternative fuels, the savings […]

  • Wintershall Dea’s drilling ops with Transocean rig cleared for take-off

    5 February 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy

    Wintershall Dea has secured a green light for the drilling of four wells in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

  • Ongoing perforation program ups Black Sea gas field’s production ante

    31 October 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Trillion Energy has revealed a boost in production rates at a natural gas field in the Black Sea off Türkiye.

  • ZDS: Ane Maersk’s maiden call to Hamburg shows urgent need for future-proofing German ports

    28 March 2024
    Infrastructure, Ports & Logistics, Vessels

    Following the maiden call of Ane Maersk, the ‘world’s first’ large methanol-powered containership, in Hamburg, the Association of German Seaport Operators (ZDS) has highlighted the need for significant investments in the country’s ports to ensure a successful energy transition in Germany.

  • Hanwha Ocean denies exit from container shipping sector

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

    South Korea’s shipbuilding major Hanwha Ocean, formerly known as Daewoo Shipbuilding, has denied recent media rumors and reports suggesting its exit from the container shipping sector. The Korean media had reported that Hanwha Ocean might discontinue the construction of container ships due to financial challenges and low profit margins. Reports further indicated that the company […]

  • Wallenius Wilhelmsen reveals another billion-dollar deal with biofuel included

    9 April 2024
    Business & Finance, Business Developments & Projects, Green Marine

    Wallenius Wilhelmsen secured a new contract worth more than $1 billion with a ‘leading global player’ in the premium car segment. The agreement covers both shipping and logistics services, as well as the use of biofuel.

  • Exclusive interview: Letting energy growth spring free with AI as key to sorting out challenges in oil & gas and renewables

    28 February 2024
    Automation, Business & Finance, Business Developments & Projects, Exploration & Production, Innovation, IT & Software, Research & Development, Technology, Transition

    What lies ahead for oil, gas, and renewable energy in the AI-oriented environment and how will these sources of supply be revolutionized?

  • New UK player joining North Sea oil project ahead of field development plan submission

    23 November 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Jersey Oil & Gas has agreed to sell a partial stake in an asset on the UK Continental Shelf (UKCS) to Serica Energy.

  • Shell’s new projects benefiting from ABL’s ‘one-stop solution’ for asset management

    9 February 2024
    Business & Finance, Business Developments & Projects, IT & Software, Project & Tenders

    Shell is set on employing a cloud-based master data build and optimization software from ABL across various new projects to achieve asset management efficiencies.

  • Energy outlook: Is gas and LNG growth freeze on the cards in 2024?

    1 January 2024
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    Wood Mackenzie has come up with ten predictions for the energy industry in 2024, which hint at a downturn in gas, LNG.

  • Three more Kotug vessels come to Guyana for work with ExxonMobil

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

    Kotug has welcomed the arrival of three additional vessels in Guyana, which will support ExxonMobil’s offshore operations.

  • Swire Shipping joins Global Maritime Forum

    29 November 2023
    Business Developments & Projects, Collaboration, Market Outlooks, Outlook & Strategy

    Singapore-based shipping company Swire Shipping has joined the Global Maritime Forum, an international not-for-profit organization for the global maritime industry, as an official partner.

  • World’s 1st ship management company for methanol-powered vessels created

    13 November 2023
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Vessels

    Dockendale Ship Management and Green Marine have created Dockendale Green Marine Ship Management, the world’s first ship management company exclusively dedicated to methanol-powered ships.

  • Bakker Sliedrecht integrates energy storage systems on Boskalis’ diving support vessels

    12 April 2024
    Business Developments & Projects, Collaboration, Equipment, Operations & Maintenance, Outlook & Strategy, Project & Tenders, Vessels

    “We managed to limit the out-of-service time of these vessels, from arrival of the vessels up to completed sea trials and class approval, to less than 2 months for the whole ESS implementation,” said Andy Waterstreet, Project Director at Bakker Sliedrecht. 

  • Third Brazilian well comes back on stream

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

    Brazilian oil and gas player Enauta has restarted production from another well at a field offshore Brazil.

  • New merger in the offing giving birth to one of Latin America’s ‘largest and most diversified’ oil & gas players

    2 April 2024
    Business & Finance, Business Developments & Projects

    Enauta has set the wheels into motion to bring into being a larger and more diversified independent oil and gas company in Latin America by proposing a business combination with a compatriot player, 3R Petroleum Óleo e Gás.

  • In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?

    20 October 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Equipment, Exploration & Production, Green Marine, Infrastructure, Innovation, Outlook & Strategy, Project & Tenders, Research & Development, Storage, Transition, Vessels

    As the world turns its attention toward a new/old conflict arising in the Middle East, offshore energy players are seeking new ways to curb climate change and bring us closer to a mellifluous cleaner, greener future. The energy transition process is moving ahead with each passing day but there is no silver bullet in reaching […]

  • WoodMac’s gas and LNG trends to watch in 2024

    18 January 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders

    Aside from European gas prices being down 45%, Wood Mackenzie’s forecast indicates that flat global demand is on the horizon this year. 

  • Yinson Production’s FPSO on its way to Brazil – gallery

    20 March 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    An FPSO destined to work at an oil field in the Santos Basin, has left a shipyard in Dubai, UAE, and set sail for Brazilian waters.

  • Eni reveals ‘excellent’ annual results as natural gas and LNG business cushions drop in profit

    16 February 2024
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Transition

    Eni has disclosed strong financial and operating results for 4Q and full year 2023 on the back of its natural gas and LNG portfolio.

  • Euronav lifts option for ammonia-ready VLCC

    12 October 2023
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    Belgian tanker major Euronav revealed that it had lifted the option for a second very large crude carrier (VLCC) newbuild. The option was available under a contract Euronav signed in August with CSSC Qingdao Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC). The construction of the 319,000 dwt VLCC represents Beihai Shipbuilding’s inaugural […]

  • Green light for Vår Energi to kick off drilling ops with Transocean rig

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

    Vår Energi has received consent to use one of Transocean’s semi-submersible rigs on a field located in the Barents Sea.

  • EU urged to lead the way in global maritime decarbonization efforts

    18 March 2024
    Regulation & Policy

    The Carbon Intensity Indicator (CII), integral to global efforts to enhance energy efficiency in shipping and cut emissions, will be on the table for discussion as the International Maritime Organization (IMO) members convene in London at the Marine Environmental Protection Committee (MEPC 81).