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IKM Group to employ up to 70 persons as part of contract for Norway's PRSI Pool
Pipes

IKM Group to employ up to 70 persons as part of contract for Norway’s PRSI Pool

Norwegian state-owned energy firm Equinor has awarded Sola-based IKM Group with a contract for the provision of services for the Pipeline Repair and Subsea Intervention (PRSI) Pool, with about 50-70 people expected to be employed for the work. The PRSI Pool includes 23 companies covering their offsh

about 1 year ago
FPSO P-74 in Santos Basin pre-salt layer captures and reinjects CO2 reduces CO2 emissions and optimizes oil recovery; Source: Petrobras
Fossil Energy
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22 FPSOs in Brazil’s pre-salt enable Petrobras to break C02 reinjection record

Petrobras has tucked a new carbon dioxide (CO2) reinjection milestone in the Santos Basin pre-salt layer under its belt, thanks to 22 floating production, storage, and offloading (FPSO) vessels capturing and reinjecting CO2 off the coast of Brazil.

about 1 year ago
Offshore rig
Fossil Energy

Constellation-operated jackup lands long-term gig with Petrobras

Brazilian drilling contractor Constellation Oil Services Holding has won a new contract with compatriot state-owned energy giant Petrobras for a jackup drilling rig owned by ADES Holding, part of Saudi Arabia-headquartered ADES Group, which will be used for plug and abandonment (P&A) assignments off

about 1 year ago
North Sea; Source: OEUK
Fossil Energy

$452 billion shot in UK economy’s arm on the table with oil & gas and other homegrown energy

With forecasts indicating that the United Kingdom (UK) will need billions of oil and gas barrels by 2050 amidst the ongoing economic challenges and energy market headwinds and tailwinds, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has outlined in its new repor

about 1 year ago
Singapore and India eye green and digital shipping corridor
Green Marine

Singapore and India eye green and digital shipping corridor

Singapore and India have signed a letter of intent (LoI) to collaborate on maritime digitalization and decarbonization projects, including identifying relevant stakeholders who could contribute to the effort and work towards formalizing the partnership through a memorandum of understanding (MoU) on

about 1 year ago
An offshore drilling rig
Fossil Energy

Chinese major makes ‘hundred-million-ton’ oil discovery in South China Sea

Chinese state-owned oil and gas giant China National Offshore Oil Corporation (CNOOC) has made what it says is a major oilfield discovery in the deep and ultra-deep South China Sea plays.

about 1 year ago
An offshore rig and a vessel
Fossil Energy

Dolphin Drilling gets new CFO as interim CEO is promoted to permanent position

Norway-headquartered offshore drilling contractor Dolphin Drilling has promoted its interim Chief Executive Officer (CEO) to a permanent role and appointed a new Chief Executive Officer (CFO).

about 1 year ago
CMA CGM
Green Marine

CMA CGM and ABB partner to ‘enhance’ ship safety with new parametric roll algorithm

Marseille-headquartered shipping giant CMA CGM and Swedish-Swiss technology company ABB have teamed up to develop a parametric roll algorithm that would improve safety on ships. As disclosed, ABB and CMA CGM are set to tailor a solution that integrates a theoretical framework made by the French sea,

about 1 year ago
MPA Singapore
Alternative Fuels

MPA Singapore and Wärtsilä renew maritime decarbonization partnership

The Maritime and Port Authority of Singapore (MPA) and Finland’s technology major Wärtsilä have renewed their partnership to accelerate maritime decarbonization and digitalization.

about 1 year ago
Two men shaking hands with several other men standing beside each
Fossil Energy

Petronas kicking off LNG exports to Vietnam next month

PV Gas, a subsidiary of Vietnam Oil and Gas Group (Petrovietnam), and Malaysia’s state-owned energy player Petronas have expanded their liquefied natural gas (LNG) collaboration.

about 1 year ago
Additional 57 ports could be upgraded with LNG bunkering facilities by end of 2026
Alternative Fuels

Additional 57 ports could be upgraded with LNG bunkering facilities by end of 2026

According to Intermodal, it is expected that the LNG bunkering market is poised for substantial expansion in the coming years,

about 1 year ago
Fugro vessel safe in port after grounding in Italy, no harm made
Subsea

Fugro vessel safe in port after grounding in Italy, no harm made

A 42-meter-long geophysical survey vessel owned by Fugro that ran aground in Italy on Saturday, March 22, had been safely brought to port, the Dutch company reported. The Fugro Mercator ran aground on the north coast of Elba, Italy, when it went looking for shelter due to deteriorating weather condi

about 1 year ago
Alaska LNG
Fossil Energy

US player tasked with taking Alaskan LNG project to finish line

Alaska Gasline Development Corporation (AGDC) has signed binding agreements with Glenfarne Alaska LNG, an affiliate of Glenfarne Group, for the latter to become the majority owner of a liquefied natural gas (LNG) export project in Alaska and lead its development to construction.

about 1 year ago
MSC
Alternative Fuels

MSC World America readies to enter service as cruise company advances World Class series

MSC Cruises, part of Swiss shipping major MSC Group, has rolled out the red carpet for MSC World America, the company’s third newbuilding powered by liquefied natural gas (LNG). As disclosed, the 333.3-meter-long cruise vessel was delivered during a ceremony held on March 27 this year at the Chantie

about 1 year ago