10347 results
A list of search results
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Business & Finance, Vessels
Greek tanker heavyweight Tsakos Energy Navigation (TEN) has kept a steady course during the rollercoaster year of 2020, having delivered strong business results while pushing forward with fleet modernization plans. TEN’s net income for the three-month period that ended on September 30, 2020 reached $1.4 million compared to a net loss of $9.5 million in […]
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Business developments & projects, Project & Tenders
Dutch FPSO provider SBM Offshore has begun the topside integration phase on the Liza Unity FPSO in a yard in Singapore.
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Automation, IT & Software, Technology, Transition
When I was just starting my career in the maritime news reporting business, I remember being approached by a reputable editor of a printed magazine in his late 60s at a major trade fair in Hamburg, who asked which publication I worked for. When I answered it was a digital publication, he dismissed the idea […]
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Automation, Business & Finance, Business developments & projects, Equipment, Infrastructure, IT & Software, Market outlooks, Operations & Maintenance, Outlook & strategy, Research & Development, Technology, Transition, Vision
BP has been doing its part to unlock the value of technology and tap into its benefits. This has become especially noticeable during 2020 with plans to become a net-zero company by 2050.
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Business & Finance, Project & Tenders
MHI Vestas has concluded a purchase agreement with the Fassmer Atech Composites Taiwan (FACT) joint venture for the local supply of spinner and nacelle covers for the upcoming offshore wind projects in Taiwan. These components will be used for the MHI Vestas turbines at the Changfang Phase 2 and Xidao, as well as the Zhong […]
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Business developments & projects, Innovation, IT & Software, Technology
Norway’s maritime-oriented technology company Klaveness Digital has introduced a new Supply Chain Analytics division aimed at accelerating digitalization throughout the dry bulk industry.
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Digitalization, big data, and new technologies such as artificial intelligence are key in enabling the post-COVID recovery, IMO Secretary-General Kitack Lim told a webinar on Digital Connectivity and Data Standards. Lim added that the pandemic has affected us all, both socially and economically, and has had an unprecedented impact on shipping business and seafarers. The pandemic has shown that shipping, […]
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Automation, Infrastructure, IT & Software
The coronavirus pandemic is proving to be a catalyst for the digitalization of shipping, prompting ocean supply chain stakeholders to abandon manual processes and embrace automation to drive business growth, a new survey by transport management systems provider Haven Inc shows. The survey found that global business lockdowns had highlighted the time and cost savings […]
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Polarcus, a Dubai-based seismic contractor, has recorded a drop in its vessel utilization in the second quarter of 2020. The vessel activity decreased from 72 percent in Q2 2019 to 50 percent in Q2 2020. According to Polarcus, on a contracted basis the vessel utilization dropped to 50 percent in Q2 2020 compared to 72 […]
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Southeast Asia’s rig market, which was poised for growth in 2020, is now set for a decline. Several oil companies have already made significant cuts to their 2020 capex budgets due to the impact of the Covid-19 pandemic and the ongoing price war, a Rystad Energy’s analysis shows.
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Business & Finance, Exploration & Production
Following EnQuest’s cancellation of mobilization of the Prosafe-owned Safe Zephyrus accommodation rig in the North Sea, Prosafe has said it will claim the full value of the contract.
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Equipment, Project & Tenders
Lankhorst Offshore has secured a contract by SBM Offshore to supply the deepwater mooring lines for the Liza Unity Floating Production Storage and Offloading (FPSO) for ExxonMobil’s Liza field offshore Guyana. This follows the deployment of Lankhorst mooring lines for the Liza Destiny FPSO mooring system also in the Liza field. The Liza Unity FPSO […]
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Business & Finance, Equipment, Infrastructure
Mooring rope specialist Lankhorst Offshore has been awarded a contract by SBM Offshore to supply the mooring lines for the Liza Unity floating production storage and offloading (FPSO) vessel for ExxonMobil’s Liza oilfield offshore Guyana.
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The City of Oceanside Harbor, CA, has just introduced the latest update on their upcoming dredging project, saying that the harbor dredge mobilization work is moving forward swiftly. Pipe has landed on the beach, pipe has been delivered to the riverbed, tractors are on the beach, the survey vessel has arrived and barges are being […]
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Project & Tenders, Vessels
South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) and Mitsui O.S.K. Lines of Japan said on Wednesday that the duo had signed a strategic cooperation deal to develop technologies and solutions for the digitalization of LNG FSRU. Through this collaboration, new “innovative solutions” will be developed to realize “smart” floating storage and regasification unit (FSRU) […]
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ADNOC has decided to build on its position as one of the least carbon-intensive oil and gas producers in the world by expanding its CCUS program, according to Dr. Sultan Ahmed Al Jaber, UAE Minister of State and Group CEO of ADNOC.
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As the UK experiences torrential rain and storm-level events, The Rothen Group is stressing the importance of regular infrastructure works on an ageing canal and waterway network. Critical infrastructure projects such as bank stabilization, keeping overflow weirs free of rubbish and keeping on top of vegetation removal are all vital to the health of the […]
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MHI Vestas is planning to soon reveal its localization plan for the offshore wind sector in Taiwan. MHI Vestas announced the plans after formally signing the preferred supplier agreement for the 300MW Zhong Neng offshore wind project. According to the company, the local industrial partnerships will be announced in the coming weeks. “MHI Vestas has […]
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MHI Vestas is planning to soon reveal its localization plan for the offshore wind sector in Taiwan. MHI Vestas announced the plans after formally signing the preferred supplier agreement for the 300MW Zhong Neng offshore wind project. According to the company, the local industrial partnerships will be announced in the coming weeks. “MHI Vestas has […]
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i-Tech 7, Subsea 7’s life of field business unit, and Shell have entered into a collaborative technology agreement to accelerate subsea digitalization.
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ADNOC has signed a strategic framework agreement with Italy’s energy company, Eni, to explore new opportunities for collaboration in carbon capture utilization and storage.
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The duo is looking to reduce time, cost and complexity associated with maritime class and assurance services.
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Electromagnetic Geoservices (EMGS) has seen an increase in vessel utilization for the fourth quarter 2019 at 80% compared with 32% for the fourth quarter in 2018. For the full year 2019, the vessel utilization was 59%, whereas the utilization for the full year 2018 was 33%. In the fourth quarter of 2019, EMGS’ vessels were […]
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ExxonMobil has started oil production from the Liza field offshore Guyana ahead of schedule. Production from the first phase of the Liza field, located in the Stabroek Block, is expected to reach full capacity of 120,000 barrels of oil per day in coming months, and the first cargo is set to be sold within several […]
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The U.S. oil major ExxonMobil has made history as it has started producing first oil from its Liza field offshore Guyana, making the Latin American country an oil-producing nation.
