The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec
Minesto has received its first ‘historic’ sales order of site development services for Dragon Class tidal energy power plants to a major corporation in the Asian offshore energy sector.
While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor
Oil and gas major Shell led the global long-term liquefied natural gas (LNG) import contract volumes signed by key purchasing companies in 2022, with a contracted capacity of 6.7 million tonnes per annum (mtpa), data and analytics company GlobalData found in its new report. According to GlobalData’s
UK-headquartered energy giant Shell has advanced its digitalisation journey through a global agreement with Kabal.
Gunvor Group, an independent trader of liquefied natural gas (LNG), has renewed its syndicated borrowing base facility to support the working capital needs of the company’s growing LNG activities globally. According to Gunvor, the syndication, signed at $1.135 billion in 2021, launched at $1.2 billi
Pakistan’s government has decided to sell two LNG-fired plants to Qatar in a direct $1.5 billion deal to avoid a looming sovereign default, according to reports by Pakistani media outlets. Pakistani daily newspaper The Express Tribune writes that “the government has quietly delisted two power plants
PGS’ 3D seismic vessel Ramform Hyperion yesterday took onboard 89 refugees coming from Afghanistan that it had encountered while in transit from Greece to Malta. Ramform Hyperion came across a small sailboat with refugees onboard early on 8 January and made contact with the Italian coastguard who in
A consortium of JGC Corporation and Samsung Heavy Industries (SHI) has secured an engineering, procurement, construction and commissioning (EPCC) contract with Petronas for the first nearshore floating LNG facility project in Malaysia. The planned facility is set to become the first nearshore floati
Conrad Asia Energy has inked PSCs for two Indonesian blocks with existing gas resources and a multi-trillion cubic feet exploration potential.
The first of eight robotic vessels that will form part of Ocean Infinity’s high-tech Armada fleet has arrived in Norway for equipment installation. The vessel, built by Vard Vung Tau in Vietnam, arrived at Vard Søviknes for remote system outfitting and payload equipment installation. According to Oc
