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Date set for next Gulf of Mexico oil & gas lease sale
BOEM has set a date for the next offshore oil and gas lease sale for acreage in the Gulf of Mexico (GOM) to comply with a court order.
JP Morgan confirms deal for methanol-powered chemical tankers
J.P. Morgan Global Alternative’s Global Transportation Group (JPMGTG) has confirmed a deal for the construction of two dual-fuel methanol chemical IMOII medium-range (MR) newbuilds. Boasting a 49,800 deadweight capacity, the ships will be built at Guangzhou Shipyard International (GSI) in China. Bot
Vår Energi offloads stake in North Sea field
Vår Energi has inked a deal with Petrolia NOCO (Petrolia) to dispose of its entire interest in a field located in the Norwegian North Sea.
Maritime stakeholders call for safe ammonia use
Stakeholders in the shipping industry have collaboratively addressed the paramount safety challenges and best practices essential for integrating ammonia as an alternative marine fuel. Specifically, the stakeholders called for safe ammonia use during an event held on October 4, 2023, in Copenhagen,
Frontline to acquire 24 VLCCs from Euronav for $2.35 billion as part of talks to end ‘structural deadlock’
Belgian tanker major Euronav NV confirmed the recent flurry of speculations engulfing discussions between two of its major stakeholders, Frontline and CMB NV. The rumors have stirred up volatility in Euronav’s share price, subsequently prompting the suspension of Euronav shares on Euronext Brussels.
Saipem rakes in whopping $4.1 billion for work on natural gas project
Saipem, in consortium with NPCC, has inked a letter of award (LOA) with ADNOC for work on a recently sanctioned giant gas development.
Lease agreement in for North Sea carbon capture and storage project
The UK’s Crown Estate has awarded an agreement for lease for what could become one of the world’s largest carbon capture and storage (CCS) projects. The agreement for lease will allow BP, as the lead operator, to further progress the planned Endurance CCS project, a reservoir in the North Sea that w
Port of Rotterdam backs ZEMBA with incentive for sustainable shipping fuels
The Port of Rotterdam has announced a port fee reduction for ships that bunker sustainable fuels in Rotterdam, supporting the Zero Emissions Maritime Buyers Alliance (ZEMBA). The Port of Rotterdam highlighted ZEMBA’s recent launch of a request for proposals for the transport of 600,000 twenty-foot c
Allseas wins pipelay contract for BP’s ‘biggest project’
UK energy giant BP has awarded Allseas with a contract to perform the subsea pipelay scope for the Greater Tortue Ahmeyim (GTA) natural gas project offshore Mauritania and Senegal. The contract includes the installation of circa 75 kilometers outstanding on the two 16-inch export pipelines with fiel
Welsh minister for climate change takes Pembrokeshire marine energy tour
The Welsh government’s minister for climate change Julie James has visited south-west Wales to see first-hand the work being done in Pembrokeshire to advance the development of renewables, including marine energy.
Mermaid Maritime secures $485 million in multiple new contracts
Thailand-headquartered subsea services provider Mermaid Maritime has secured multiple new contracts with a combined value of approximately $485 million. Mermaid Maritime reported that its subsidiaries had secured multiple new offshore project awards in Thailand, the Middle East, Western Sub Sahara,
ADNOC turns to drones to slash emissions and ‘future-proof’ onshore & offshore ops
ADNOC has joined forces with EDGE to deploy UAE-made drones across its onshore and offshore operations to curb its emission footprint.
CMA CGM to launch startup accelerator in UK
French shipping major CMA CGM Group plans to launch ZEBOX UK, a global startup accelerator, in Manchester this month. The Manchester-based startup accelerator is ZEBOX’s sixth innovation hub in the world, focusing on operational efficiency, decarbonization, future of work and artificial intelligence
Carisbrooke Shipping orders eco dry cargo ship from Thecla Bodewes
UK shipowner Carisbrooke Shipping has signed a shipbuilding contract with Dutch shipbuilder Thecla Bodewes Shipyards for the construction of a Labrax 7,280 dwt diesel-electric multipurpose dry cargo vessel. The ship will be fitted with a diesel-electric propulsion system in combination with the adva