TotalEnergies is going full steam ahead with its multi-well appraisal and exploration drilling programme in Namibia, using two rigs.
To support its green hydrogen project in Namibia, Hyphen Hydrogen Energy has signed a partnership agreement with ILF Consulting Engineers. Under the agreement, ILF will provide project management services and technical expertise to drive Hyphen’s project in Namibia, as well as procurement and contra
Eni has awarded another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field off Nigeria.
Saipem has inked a contract with China’s CIMC Raffles for the conversion of a semi-submersible drilling rig into an FPU.
Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, t
Global Petroleum Limited has received the green light to proceed to the first renewal period (FRP) of Walvis Basin licence PEL 94.
Saipem is on a roll, as it lined up its second batch of contracts in two days and its third one since the start of this month.
The container shipping industry is grappling with a complex challenge – an overcapacity crisis. The surge in new containerships ordered during the pandemic, coupled with supply chain normalization at major ports and inland regions, has led to a flood of capacity that is profoundly disrupting the equ
Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU, data from BIMCO shows. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January. The contra
Saipem has got its hands on a new contract – worth approximately $1 billion – for the development of a gas project off Libya.
Tullow Oil has set the wheels in motion to sell its entire interest in Tullow Guyana (TGBV), which includes the Orinduik licence in Guyana.
Tullow Oil has gained approval from the government of Gabon for the extension of several of its Gabon licences to 2046.
