Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he
KazMunayGas and Lukoil have set the wheels into motion to mobilise a rig to carry out drilling ops in the Caspian Sea in mid-December.
South Korea’s shipbuilder Samsung Heavy Industries has signed a Memorandum of Understanding (MoU) with French software corporation Dassault Systèmes to create a “smart yard” based on new digital transformation technology. The smart yard is designed to optimize the shipyard operations’ scheduling and
Malaysia’s Petronas has taken a final investment decision (FID) to develop a carbon capture and storage (CCS) project offshore Sarawak.
Greenhouse gas emissions from the world’s maritime fleet increased by 4.7%, between 2020 and 2021, with most of the increase coming from container ships, dry bulk carriers and general cargo vessels, the latest Maritime Transport report from UNCTAD warns. Another worrying trend is the fact that the f
France-based geophysical services company CGG has secured a multi-year extension with Brunei Shell Petroleum (BSP) to continue operating a dedicated imaging center. The imaging center is located at BSP’s head office in Seria. CGG won the contract back in 2017 to operate the center for a period of si
Aquadrill and Vantage Holdings’ subsidiary have reached an agreement to provide a 6th generation drillship for operations in Indonesia.
In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.
Winter is almost here and concerns over the security of energy supplies are on the rise. Governments and industries are trying to find ways to tackle both energy and climate crises at the same time. The never-ending battle with new regulations to accelerate green energy programs and address high pri
BIMCO, the world’s largest international shipping association, has adopted a CII Operations Clause for Time Charter Parties which aims to help the industry implement new carbon intensity requirements from the International Maritime Organization (IMO). The regulations on the carbon intensity of inter
Malaysian energy company Petronas has confirmed that a fire incident occurred at the Sabah-Sarawak gas pipeline (SSGP) nearby Lawas, Sarawak. As informed, the incident occurred on 16 November and, according to local media reports, it is the first fatal incident at the SSGP. Based on the reports from
Valeura Energy has inked a deal for an FSO, which will be deployed on its oil field project in the Gulf of Thailand.
