Singapore’s Rex International has shared updates on the short-term plans of its affiliates for assets offshore Benin and Norway.
Maritime safety incidents rose by 42% between 2018 and 2024, driven mainly by risks linked to an ageing fleet and machine damage/failure, according to the report, ‘Maritime Safety Trends 2014-2024 – Preparing for future risks,’ by classification society DNV.
UK-based wind propulsion provider BAR Technologies and Norway-based marine engineering company Brevik Engineering have unveiled a joint concept for a liquid carbon dioxide (LCO₂) carrier equipped with wind-assisted propulsion system (WAPS).
SBM Offshore has struck a deal with GEPetrol to say goodbye to a floating production, storage, and offloading (FPSO) unit, which will enable it to take its leave from Equatorial Guinea.
Marine energy infrastructure developer Höegh Evi and oil major Aker BP have received an approval in principle (AiP) from classification society DNV for their liquefied CO2 (LCO2) carrier design in what was described as “a significant step” in enabling the carbon capture and storage (CCS) value chain
Shipping association BIMCO has formed a new subcommittee to develop a Biofuel Clause for Time Charter Parties in a bid to address the legal and operational challenges stemming from the growing use of biofuels in shipping.
The UK-based shipping player Union Maritime (UML) is all but ready to receive its future-proof long-range 2 (LR2) tanker, the first in a batch of fourteen, equipped with a wind-assisted propulsion solution (WAPS) developed by compatriot design and engineering firm BAR Technologies. As disclosed, the
Equinor has inked a multi-year gas sales agreement with Britain’s Centrica, which is expected to strengthen energy security in the United Kingdom (UK).
Spanish automated wind-assisted propulsion system specialist bound4blue has secured validation from Norway’s classification society DNV for its wind propulsion performance methodology. As disclosed, bound4blue received DNV’s approval on June 5 for its ‘wind propulsion system force matrix’ calculatio
Petrobras has taken steps to secure offshore assets in Côte d’Ivoire, also known as Ivory Coast, by handing over a declaration of interest for exploration blocks in this country, which is located on the west coast of Africa.
The Marine Energy Council (MEC) has appointed a new board for the 2025/26 term, bringing together developers, site operators, and industry experts from across the UK’s marine energy sector. The 2025/26 MEC Board includes Chair Sue Bartlett-Reed; Eileen Linklater, Corporate Affairs Director at EMEC;
AMEA Power and Kyuden International Corporation have signed a memorandum of Understanding (MoU) to jointly develop renewable energy and green hydrogen projects.
New European Offshore (NEO Energy) is set on expanding its oil and gas portfolio by picking up a new addition, thanks to Canada’s Gran Tierra Energy, which has taken steps to offload its UK subsidiary, Gran Tierra North Sea Limited (GTNSL), which holds an interest in an oil discovery.
South Korean shipbuilding major Hanwha Ocean and compatriot classification society Korean Register (KR) have joined forces to develop an ultra-large ammonia carrier and a forward deckhouse LNG carrier.
