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Africa

Ocean Endeavor rig; Source: Diamond Offshore
Fossil Energy

New rig deals bolster day rates and lift Diamond Offshore’s backlog to $1.6 billion

Diamond Offshore has tucked under its belt new contracts and extensions for its rig fleet in the U.S. Gulf of Mexico, the UK, and Senegal.

about 3 years ago
Cargill
Business & Finance

ZeroNorth partners with Cargill to optimize over 600 vessels and drive green efficiency

Climate technology company ZeroNorth has signed a three-year contract with Swiss freight trader Cargill on the provision of software for optimisations across vessels and voyages. The deal will see ZeroNorth become the main optimisation partner for more than 600 vessels the aim being to drive efficie

about 3 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Clean Fuel

Interview: After shattering records in green-methanol bunkering, OCI Global stresses the power of collaboration for a smooth transition

Green methanol is rapidly emerging as a transformative marine fuel, leading the charge in the maritime industry’s quest for sustainable and eco-friendly shipping operations, it is quickly becoming a prominent contender in the race to decarbonize the sector. As the imperative for decarbonization of t

about 3 years ago
Illustration; Source: Zenith Energy
Authorities & Government

Canadian firm turns its back on oilfield in West Africa

Zenith Energy has washed its hands of negotiations regarding a production sharing contract for a block containing an oilfield offshore Benin.

about 3 years ago
West Africa gig to keep DOF vessel busy for 326 days
Business & Finance

West Africa gig to keep DOF vessel busy for 326 days

DOF Group has secured what it describes as a “significant” SURF contract to deliver services for a tier 1 contractor and operator in West Africa. DOF reported that it had secured a SURF contract in the region of $80-100 million for the construction support vessel (CSV) Skandi Acergy, with 326 days o

about 3 years ago
Collision between LPG tanker and Suez Canal tugboat claims one life
Green Marine

Collision between LPG tanker and Suez Canal tugboat claims one life

A devastating collision in the Suez Canal on Saturday resulted in the sinking of a tugboat, claiming the life of one crew member, according to the Suez Canal Authority (SCA). The incident involved a Hong Kong-flagged LPG tanker Chinagas Legend and the canal authority’s tugboat Fahd. The collision to

about 3 years ago
methanol powered tanker
Clean Fuel

July orders propel methanol past 200 ships mark

According to the latest data from DNV’s Alternative Fuel Insights (AFI) database, the month of July saw the addition of 14 LNG-fueled ships. Still, the real star of the show was methanol, with a staggering 48 methanol-fueled ships, including retrofits, joining the ranks. The July orders have pushed

about 3 years ago
maersk
Green Marine

Market normalization hits Maersk’earnings as demand woes and phasing in massive orderbook challenges loom

As the demand in the container shipping sector normalizes after a massive surge during COVID-19, the industry majors are reporting lower earnings and bracing for the upcoming period trying to keep discipline in Capex spending. Industry major Maersk reported a better-than-anticipated quarterly profit

about 3 years ago
TGS stays in the North Sea
Business & Finance

TGS stays in the North Sea

Norwegian seismic company TGS has completed what it describes is a “key project” in the North Sea and started the next one in the same area. The projects are being carried out using the TGS Z700 ocean bottom node (OBN) crew. According to TGS, this crew has completed two projects during this North Se

about 3 years ago
Valaris DS-7 drillship; Source: Valaris
Business & Finance

International offshore rig count activity on the rise

Baker Hughes’ international rig count report shows a boost in the number of offshore rigs in July 2023, as 6 additional units were recorded compared to the month before.

about 3 years ago
oil spill response
Environment

Gibraltar bunker spill highlights the urgency to break free from fossil fuels. But how safe are the alternatives?

Operations at the Port of Gibraltar have ground to a halt following a bunker fuel spill from a ship anchored in the Bay of Gibraltar. The spill occurred during a ship-to-ship refueling operation involving the Panama-flagged LPG tanker Gas Venus, at approximately 8:22 a.m. on Tuesday morning. As info

about 3 years ago
Noble Deliverer semi-sub rig; Source: Noble
Business & Finance

Recent global rig deals push Noble’s backlog to $5 billion as market tightens with higher day rates in the wind

Noble has secured a new contracts and extensions for its rigs in Brazil, Mauritania, Suriname, Malaysia, Australia, Norway, and the UK.

about 3 years ago
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