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Van Oord Wins Several Contracts in the Caspian Sea Region

2 December 2015

Business & Finance, Project & Tenders

During the visit of the Dutch Prime Minister Mark Rutte to Kazakhstan on Wednesday, 2 December 2015, Van Oord announced the award of several contracts in the Caspian Sea region with a total value of more than $500 million. The first project is for the dredging of a 68-kilometer-long access channel to a new cargo offloading facility […]

APM Terminals Lázaro Cárdenas Gets Lifting Capacity Boost

2 October 2015

Business & Finance

Dutch port operator APM Terminals, part of Maersk Group, has taken delivery of the first three of the world’s largest Ship-to-Shore (STS) container cranes and two rail mounted cranes for the Lázaro Cárdenas Terminal Especializada de Contenedores II (TEC2), now in the final stages of construction at the Port of Lázaro Cárdenas, Mexico. This 1.2 million annual TEU […]

Ecosse Subsea Systems Names New Managing Director

15 March 2017

Business & Finance, Equipment

Banchory-based Ecosse Subsea Systems (ESS) has appointed Mark Gillespie as managing director. Gillespie has held senior technical, commercial and contractual management roles in Technip, CSL, GE Oil & Gas, Centrica and Talisman. More recently he was managing director of Aberdeen-based engineering and project management consultancy PDi Ltd. ESS founder, Mike Wilson, said: “We are bucking the […]

APM Terminals Lázaro Cárdenas Gets Lifting Capacity Boost

2 October 2015

Business & Finance

Dutch port operator APM Terminals, part of Maersk Group, has taken delivery of the first three of the world’s largest Ship-to-Shore (STS) container cranes and two rail mounted cranes for the Lázaro Cárdenas Terminal Especializada de Contenedores II (TEC2), now in the final stages of construction at the Port of Lázaro Cárdenas, Mexico. This 1.2 million annual TEU […]

Consortium backs Phase 2 of Greensand CCS project

17 August 2021

Business Developments & Projects, Carbon Capture Usage & Storage, Infrastructure, Project & Tenders

Consortium members have agreed to back Phase 2 of the Greensand carbon capture and storage (CCS) pilot project, in support of Denmark’s ambitious 70 per cent CO2 reduction targets by 2030.

Byron strikes oil in Gulf of Mexico well

29 January 2018

Project & Tenders

Byron Energy has completed the drilling of the F3 well in the SM 71 lease in the Gulf of Mexico.

Statoil Replaces Navion Saga with Europa (Norway)

20 June 2012

Business & Finance

Statoil Petroleum AS (Statoil) has received consent to use Navion Europa Floating Storage & Offloading Unit as a replacement for Navion Saga on the Volve field while Navion Saga undergoes main classification along shore. The Volve oil field was developed using a jack-up process and drilling facility – Mærsk Inspirer – and a ship – […]

Magma Global Provides M-Pipe for C-Innovation’s GoM Projects

20 December 2019

Equipment, Project & Tenders

Magma Global has been selected by C-Innovation to supply m-pipe thermoplastic composite subsea jumpers for flowline intervention in the Gulf of Mexico. The 4-inch diameter 10ksi m-pipes are expected to be deployed in the next few months. C-Innovation is planning to perform a remediation of suspected blockage or restriction in a subsea production system using […]

UK’s new guidance sheds light on North Sea oil & gas game as application window opens

19 June 2025

Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Regulation & Policy, Rules & Regulation, Transition

In the wake of a Supreme Court ruling, marking the first inclusion in Britain’s history of greenhouse gas (GHG) emissions from the combustion of oil and gas in environmental impact assessments (EIAs) for hydrocarbon extraction projects, the United Kingdom (UK) set out to create a new environmental guidance, which has now been revealed.

Blue ammonia to be abundantly available for maritime industry by 2027, says Maersk Mc-Kinney Moller Center

24 August 2023

Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Research & Development, Transition, Vessels

Blue ammonia, an attractive fuel for the maritime industry, is expected to become available in significant quantities by 2027, with the potential for significant scale-up in production over subsequent years, according to a recent report by Maersk Mc-Kinney Moller Center for Zero Carbon Shipping. The report titled ‘Will CO2 storage limit blue fuel availability for […]

World’s 1st LNG-Powered Aframax Completes Maiden Voyage

24 October 2018

Business & Finance

Gagarin Prospect completed its first voyage powered by LNG as fuel.

In focus: Gas still runs the show but bets on hydrogen threaten to steal it

9 December 2022

Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Infrastructure, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Research & Development, Rules & Regulation, Technology, Transition

Will the increase in investments enable hydrogen to dethrone gas as the key player in the energy decarbonisation game?

Brazil’s Daily Oil Pumping Puts Petrobras Among World’s 8 Largest Oil Firms

27 December 2007

Brazil’s state-controlled oil multinational Petrobras announced Wednesday, December 26, in its end of the year summing up, that it has set another daily oil-production record in Brazil: 2.238,000 barrels, a mark only eight companies in the world have reached.

SBM Offshore signs on the dotted line to become first FPSO operator in Suriname

19 June 2025

Business & Finance, Business Developments & Projects

SBM Offshore has inked an operations and maintenance (O&M) contract with TotalEnergies for a floating production, storage, and offloading (FPSO) vessel destined to work off the coast of Suriname.

Plexus Raises Cash to Support Further Growth

3 December 2013

Business & Finance

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that it has conducted a placing to raise, in aggregate, approximately £6.83 million before expenses by way of a placing of 2,787,624 ordinary shares of 1 penny each at a price […]

DU Receives NFWF Grant for Galveston Bay Restoration

21 November 2014

Business & Finance

Ducks Unlimited (DU) recently received $125,000 from the National Fish and Wildlife Foundation (NFWF) managed Gulf Environmental Benefit Fund to coordinate a restoration project for part of the Galveston Bay system. The Greens Lake Marsh Restoration Project will seek to remedy harm to natural resources resulting from the 2010 Deepwater Horizon oil spill, as mandated […]

APM Terminals: Russia, Eastern Europe Serve as European Port Growth Drivers

27 June 2013

Business & Finance

Ben Vree, APM Terminals Europe Region CEO, cited healthy projected volume increases in Eastern Europe and the increasingly important Russian market as bright spots in an otherwise gloomy outlook for European container market growth as a keynote speaker at the TOC Container Supply Chain Conference Europe event at the port industry’s largest annual European conference. […]

Yang Ming invites bids for 5 LNG-powered boxships

17 August 2022

Green Marine, Vessels

Taiwanese shipping company Yang Ming Marine Transport Corporation has opened an international tender for the procurement of five LNG dual-fuel 15,000 TEU-class container carriers.

UK: Centrica Buys Total’s North Sea Assets for USD 388 mln

22 February 2012

Business & Finance

UK’s Centrica plc, has reached an agreement with Total E&P UK Limited to buy its non-operated portfolio of producing oil and gas assets and associated infrastructure in the Central North Sea (CNS) for a total cash consideration of $388 million (£246 million). Around 20% of the consideration is allocated to UK tax allowances. The portfolio […]

BP produces 3 billionth barrel of oil from Caspian Sea field

17 August 2016

Azeri Chirag Guneshli field, operated by the British oil giant BP, on Tuesday marked a significant oil production milestone in the Caspian Sea, offshore Azerbaijan. Namely, the day marked the three billionth barrel of oil produced since the start of production from the Chirag platform in 1997. “This is a significant milestone for both BP […]

Dana Petroleum’s Triton Reaches Production Milestone (UK)

19 July 2013

Business & Finance

Dana Petroleum’s oil production vessel Triton has marked a major milestone by successfully extracting its 200 millionth barrel from the North Sea. Triton is a floating, production, storage and offloading vessel (FPSO) and produces oil and gas from the Bittern, Guillemot West and North West, Clapham, Pict and Saxon fields. It is located in the […]

Dana Petroleum’s Triton FPSO Reaches 200 Millionth Barrel Milestone

19 July 2013

Business & Finance

Dana Petroleum’s oil production vessel Triton has marked a major milestone by successfully extracting its 200 millionth barrel from the North Sea. Triton is a floating, production, storage and offloading vessel (FPSO) and produces oil and gas from the Bittern, Guillemot West and North West, Clapham, Pict and Saxon fields. It is located in the […]

Norway: Statoil Receives Consent to Use Volve with Navion Europa Vessel

20 October 2011

Business & Finance

Statoil has received consent for temporary use of Volve with the Navion Europa vessel for storage of oil. The consent is valid through 31 October 2011. Statoil has previously received consent for temporary use of Volve with Navion Europa through 15 October 2011. This new consent entails an extension of the previous consent. […]

Centrica Buys UK North Sea Assets from Total

22 February 2012

Centrica plc said it has reached an agreement with Total E&P UK Limited to acquire their non-operated portfolio of producing oil and gas assets and associated infrastructure in the Central North Sea (CNS) for a total cash consideration of $388 million (£246 million). Around 20% of the consideration is allocated to UK tax allowances. The […]

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