Equinor has crossed the finish line for the divestment of its upstream assets in Azerbaijan and Nigeria, bringing a consideration of up to $2 billion to fuel the firm’s oil and gas portfolio optimization mission.
QatarEnergy’s CEO has pinpointed the potential detriments the EU’s new sustainability rules may bring, including energy security woes for the top global liquefied natural gas (LNG) import market, given the high penalties gas and LNG importing club members.
Wave energy developer Eco Wave Power and EDF Renewables have unveiled what is said to be the Middle East’s first grid-connected wave energy power station at Jaffa Port. According to Eco Wave Power, the installation, now operational, has begun exporting clean electricity to the national grid under a
Sunda Energy has set the wheels in motion to ensure its drilling plans for an appraisal well at a gas field off the coast of Timor-Leste can move forward by reaching a non-binding letter of intent (LOI) with an undisclosed drilling contractor regarding commercial negotiations for a definitive deal.
Denmark-headquartered power cable manufacturer and installation firm NKT has appointed ABB to electrify its high-voltage submarine power cable factory in Karlskrona, Sweden. To remind, on the back of a record order backlog and strong market outlook, NKT announced investments in a new cable-laying ve
Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) has unveiled a brand-new eco-friendly 16,828 TEU boxship, the OOCL Iris. As informed, OOCL Iris is the second in a series of ten container vessels ordered by OOCL and the first to be delivered by China’s Nantong COSCO K
The U.S. Federal Maritime Commission (FMC) has pulled the plug on a global container shipping alliance between South Korea’s HMM, Singapore’s Ocean Network Express (ONE) and Taiwan’s Yang Ming Marine Transport Corporation, citing an “absence of information” needed to determine the competitive impact
As part of its fleet rejuvenation agenda, Belgium-based shipowner CMB.TECH has sold three of its Suezmax tankers for nearly $120 million.
McDermott has wrapped up the sale of its storage business to a consortium of financial investors, led by Mason Capital Management. This enables CB&I to begin anew as an independent company with no funded debt.
The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has allocated nearly $2 million to two university-led projects to advance wave-powered desalination technology. According to the U.S. DOE, the funding supports research at Purdue University and the University of Minnesota t
MOL Cruises, part of Japanese shipping major Mitsui O.S.K. Lines (MOL), has named a 32,000-ton cruise ship purchased from the US-based cruise line Seabourn Cruise Line in 2023. The ceremony to mark the Mitsui Ocean Fuji’s entry into service was held at the Tokyo International Cruise Terminal on Dece
Norway’s VARD has delivered the cable-laying vessel (CLV) it had converted from a platform supplier (PSV) to I.T. International Telecom Marine (IT), a Canadian company active in the offshore oil & gas and energy sectors. The vessel was built at Vard Brattvaag and delivered to Volstad Maritime in 200
The United Kingdom and Australia have inked a partnership agreement to advance offshore oil and gas decommissioning expertise and capabilities in both countries.
Dutch Thecla Bodewes Shipyards has launched the seventh diesel-electric dry bulk vessel built for compatriot short-sea shipping company Vertom Group.
