The renewable hydrogen sector could play a crucial role in reshaping global energy trade, creating opportunities for new players, including developing countries, a new IRENA report found.
South Korean shipping company HMM has unveiled a massive KRW 23.5 trillion (17.48 billion) investment in sustainable growth by 2030.
The Asia Natural Gas and Energy Association (ANGEA) and the ASEAN Centre for Energy (ACE) have inked a memorandum of understanding (MOU) to expedite energy transition and strengthen the security of power supply in Southeast Asia.
While Velesto, which is set on actively pursuing new assignments in Southeast Asia for its jack-up fleet, is due to send one of its rigs to Sarawak soon for a previously secured drilling campaign, another of its jack-ups has got a hold of a job off the coast of Vietnam.
French sailing freight transport company TransOceanic Wind Transport (TOWT) has taken delivery of Artemis, its second sailing cargo vessel.
A Vietnamese-based shipping company has recently joined forces with the UK’s Tankers International by contributing two scrubber-fitted very large crude carriers (VLCCs) into the world’s largest VLCC shipping pool. The integration of these two ships brings the total number of vessels in the Tankers
Despite prolonged disruptions in the container shipping industry, Taiwanese shipping company Yang Ming has reported a profitable second quarter of 2024 and unveiled further ship acquisitions to meet its emission reduction targets.
Taiwanese shipping company Wan Hai Lines has placed an order for up to twenty methanol dual-fuel container vessels at South Korean and Taiwanese shipyards.
Norway’s energy data and intelligence provider TGS is busy with 2D seismic survey reprocessing assignments off the coast of Indonesia. While the firm has wrapped up one of these jobs in the Sumatra basin, tying key discoveries in the region to open acreage, two more are ongoing, one in Seram Basin a
Excelerate Energy has inked a term sheet with ITECO Joint Stock Company, a Vietnamese private development company, to co-develop a greenfield LNG import terminal in Haiphong, Vietnam.
Dubai-headquartered offshore drilling contractor Shelf Drilling has decided to sell one of its jack-up rigs for $60 million to an undisclosed buyer.
With two of the world’s top five floating rig contractors merging into one, the market consolidation trend is ripe for further such moves, bringing the possibility of transformation endeavors in existing business models and a potential shift in offshore rig supply and demand dynamics.
