Petronas saw its profit and revenues drop in the first quarter of 2020 after being hit by lower average realised prices for LNG, petroleum products, and crude oil & condensates.
InterManager, the international trade association for the ship and crew management sector, has launched a ‘Maritime Champions League’ to recognise the crew repatriation efforts of the maritime industry during the COVID-19. The Maritime Champions League is a website where ship managers can share thei
India’s Oil and Natural Gas Corporation Limited (ONGC) and NTPC Ltd. have signed a Memorandum of Understanding (MoU) to set up a joint venture company for the renewable energy business. As per the MoU, NTPC and ONGC will explore the setting up of offshore wind and other renewable energy projects in
Completions service company Tendeka will provide its inflow control technology to help increase production from Malaysian assets of an independent operator.
The International Association of Dredging Companies’ (IADC) latest edition of their Terra et Aqua magazine featured a very interesting article named ‘Can nature-based solutions be mainstream solutions?’ The concept of nature-based solutions (NBS) is relatively recent. It has emerged during discussio
Qatar’s Nakilat, the world’s largest liquefied natural gas shipper, has taken delivery of a newbuild LNG carrier, Global Energy.
LOC Group has secured a contract with Ørsted to provide marine warranty survey services (MWS) for the Greater Changhua 1 & 2a offshore wind farms in Taiwan. Under the agreement, LOC will provide MWS services for the transportation and installation of the inter-array and export cables. Technical docu
Global Maritime Forum, World Economic Forum, Friends of Ocean Action, International Association of Ports and Harbors, Environmental Defense Fund, and University College London Energy Institute have partnered with global network P4G. The new P4G Getting to Zero Coalition Partnership builds on the Get
Dutch shipbuilder Damen Shipyards Group has signed an agreement with Korean-based Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package for a multi-purpose vessel.
Denmark-headquartered Copenhagen Offshore Partners (COP) has opened a new office in Hanoi, Vietnam. The office, opened in April, is located within the French Quarters, close to key government ministries, embassies and the national grid operator, COP said. The first two Vietnamese employees joining t
Damen Shipyards Group has signed an agreement with Korean yard Hanjin Heavy Industries and Construction (HHIC) to deliver a complete components package. The package includes all equipment for oil recovery operations as well as a complete dredging installation. The multi-purpose vessel will primarily
Greece-based shipping company TMS Cardiff Gas has taken delivery of another LNG tanker built by South Korea’s shipbuilder Hyundai Heavy Industries. The newest addition to the shipping company’s fleet is the third in the same series and a sister vessel to recently delivered LNG carriers La Seine and
