The renewal of the global shipping fleet made a significant stride in 2023, with a total of 539 ships, equivalent to 45% of all newbuild orders placed last year by gross tonnage, being capable of running on alternative fuels, Clarksons Research said. “2023 was a hugely significant year in the shippi
Norway’s Ocean Installer has secured what it says is its second-largest contract in company history thanks to a deal with TotalEnergies in Angola. Ocean Installer, in consortium with Oceaneering, has secured a “significant” contract from TotalEnergies EP Angola and its partners of Block 17 to execut
In the wake of the latest incident involving Maersk’s containership Maersk Hangzhou, the global liner major has decided to halt all transits through the Red Sea and Gulf of Aden until further notice. Just days after announcing its gradual return to the Red Sea, Maersk Hangzhou was targeted by a miss
Galp is currently drilling a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries.
In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf
Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for 2024.
The oil and gas industry become a hotspot for multi-billion mergers and acquisitions in 2023 while hinting at further consolidation in the fossil fuel machinery.
Wood Mackenzie has come up with ten predictions for the energy industry in 2024, which hint at a downturn in gas, LNG.
Following the global energy crisis in 2022, energy security reigned supreme on countries’ energy agendas during 2023.
Just days after announcing its gradual return to the Red Sea, global cargo shipping giant Maersk finds itself at the center of escalating tensions as its vessel, the Maersk Hangzhou, becomes the target of a missile and small boat swarm by Yemen’s Houthi Group. The assault occurred approximately 55 n
Seatrium has secured early refinancing of S$400 million (more than $303.13 million) from DBS Bank Limited with an option to convert to a sustainability-linked loan.
Italian oil and gas company Eni has introduced the first gas into the Tango floating LNG (FLNG) facility moored in Congolese waters. Eni revealed this ‘key milestone for the Congo LNG project’ on December 28, 2023, noting that gas introduction has been achieved in record time – only twelve months af
