Baker Hughes has secured a contract to supply carbon dioxide (CO2) compression equipment to Petronas Carigali’s offshore carbon capture and sequestration (CCS) project in Sarawak, Malaysia, said to be one of the world’s largest projects of its type. Under the contract signed with Malaysia Marine and
2022 has been a stellar year for methanol as an alternative fuel for ships as owners look to solutions to decarbonize their fleets. Based on the data from DNV, there are currently a total of 82 methanol-powered ships in operation and on order. The figure grew considerably from what we reported in Au
A report by Hydrogen Council, a global CEO-led initiative that brings together companies with a united vision, suggests that hydrogen needs to grow sevenfold to support the global energy transition, eventually accounting for 10% of total energy consumption by 2050. The report, named Sufficiency, sus
The year behind us was marked by a plethora of challenges which have impacted the global energy industry, including liquefied natural gas (LNG) sector. Geopolitical turmoils followed by the worldwide energy crisis culminated in the ongoing race for the security of diverse supplies, with LNG taking t
As we enter a new year, it is time for us to have a look back at the most-read stories from the past year. 2022 has been a rather turbulent year in many respects. As the world started to emerge from the COVID-19 pandemic, another black swan event rocked the shipping markets to the core, […]
Borr Drilling has secured long-term deals for two jack-up rigs with undisclosed oil and gas companies in the Middle East and Southeast Asia.
UK-headquartered ROVOP has secured a contract with Mermaid Subsea Services (Thailand) for the delivery of a remotely operated vehicle (ROV) on board the DP2 diving support construction vessel (DSCV) Van Gogh. As part of the agreement, ROVOP will mobilize a newly acquired Schilling HD 150HP work ROV
International Petroleum Corporation (IPC) has signed a letter of agreement with Petronas for the extension of the Block PM 307 Production Sharing Contract (PSC) covering the Bertam Field offshore Peninsular Malaysia. IPC Malaysia is the operator and holds a 90 per cent participating interest and IPC
LNG has been described as a transitional fuel for the shipping industry for years now, and a practical solution for shipowners who want to act now on their emissions and not wait on the side-lines. Nevertheless, as of recently, we are also seeing that LNG is becoming a fuel in transition as owners s
DOF Subsea Asia Pacific has secured a contract to provide construction support for riser and spool installation including air and saturation diving for a brownfield expansion project in Malaysia. The award includes project management, engineering, procurement, transportation and installation servic
The IMO failed to adopt a concrete shipping decarbonisation target for shipping this week following the Marine Environment Protection Committee (MEPC 79) meeting that ended earlier today. The support from the member countries for eliminating the industry’s emissions by 2050 and for setting interim t
“We are looking at a market today that is immense. It is new and unprecedented when you look at the numbers. Floating wind is expected to be, in 2050, bigger than fixed offshore wind. But we got some catching up to do, and catching up to be done is really in the supply chain”, GustoMSC’s […]
