Valaris has secured a plethora of new contracts and extensions for four floaters and five jack-ups in its rig fleet with TotalEnergies, Petrobras, ExxonMobil, Eni, BP, TAQA, and Perenco.
The European Commission has included Tanger Med and Port Said, two pivotal transshipment hubs, in the European Union’s (EU) revamped carbon pricing regime for ships. This latest update, however, brings a marked change in the way emissions are assessed, and it extends its reach beyond EU borders, her
Odfjell Drilling has boosted operational efficiency by employing a new method to complete a rig move off Namibia.
The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.
Japan-based trading company Itochu Corporation has signed a Memorandum of Understanding (MOU) with global engineering and construction contractor Orascom Construction on the development of ammonia bunkering in the Suez Canal, Egypt. Orascom Construction has extensive experience in the energy transit
Transocean has enlarged its contract backlog for the sixth consecutive quarter, expanding it to $9.4 billion at the end of 3Q 2023.
Chariot has secured a stamp of approval for its environmental impact assessment (EIA) on its flagship gas project offshore Morocco.
Global Shipping Business Network (GSBN), an independent non-profit technology consortium, has signed a Memorandum of Understanding (MoU) with the DNV classification society. The partnership aims to promote decarbonization and accelerate the adoption of alternative fuels by enabling the trusted shari
UAE-based renewable energy company Abu Dhabi Future Energy Company (Masdar), Indian multinational conglomerate Larsen and Toubro (L&T) and Belgium’s Agfa have joined the Hydrogen Council, a global CEO-led initiative that brings together companies with a united vision and long-term ambition for hydro
Fugro’s revenue for the third quarter of 2023 is €608.9 million, an increase from €480.2 million reported in the same quarter of 2022 – a result said to be due to better contracting conditions, high activity levels and good project execution. Fugro reported that its revenue was up by 32.6% on a curr
European Commission (EC) President Ursula von der Leyen and President of Namibia Hage Geingob have endorsed the roadmap for the EU–Namibia strategic partnership on sustainable raw materials value chains and renewable hydrogen, supported by €1 billion in investments by the EU, its member states and E
New programs for the transformation of the offshore energy sector are here. Through these actions, the industry is dealing with the following questions: to provide energy that is secure, affordable and lower in carbon. Example number one: Korea’s Ministry of Trade, Industry and Energy (MOTIE), energ
