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Stena Bulk expands fleet with ECO MR quartet
Tanker shipping company Stena Bulk has inked long-term charter agreements for four newbuild eco Medium Range (MR) tankers. The ships will be taken on five-year charters from an unnamed private Japanese shipowner major. Two of the vessels, Stena Continent and Stena Conquest, will be delivered from Hy
End of subsea construction phase for German pipeline
ABL Group has completed the marine warranty survey scope related to the installation of Germany’s Ostsee Anbindungsleitung (OAL) subsea pipeline, where the first gas feed-in is expected soon. GASCADE Gastransport contracted ABL to provide marine warranty survey (MWS) services to supervise the transp
DOF secures further backlog in APAC at improved rates and margins
DOF Group has secured a contract and a contract extension in Asia Pacific, securing further backlog in the region. The latest contract secured for the region will use Skandi Hercules and see the vessel fully utilized off the Australian coast into the third quarter of this year. The contracted scope
H2Global and JOGMEC initiate clean hydrogen cooperation
Hamburg-based H2Global, a foundation dedicated to accelerating the emergence of markets for clean hydrogen and other low-emissions technologies, and the Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of understanding (MoU) to cooperate in the field of clean hydro
Norwegian NTE’s plant at Kråkøya produces its first hydrogen
Norwegian NTE’s (Nord-Trøndelag Elektrisitetsverk) green hydrogen production plant at Kråkøya in Nærøysund municipality has produced its first hydrogen gas. According to NTE, this represents a significant step forward for zero emissions in the maritime sector as the plant is the first hydrogen produ
FPSO nearing completion but changes made to North Sea oil project’s start-up date
Vår Energi has revised its timeline for the first oil from a field life extension project in the North Sea offshore Norway.
USV orders of over $1.25 million land on Ocean Power Technologies’ table
Ocean Power Technologies (OPT) has secured multiple orders for fully integrated WAM-V unmanned surface vehicles (USVs) totaling over $1.25 million. According to OPT, the recent commercial orders come from clients in Latin America, highlighting the wide-ranging capabilities and applications of the WA
Petrobras targets reliable subsea production with topside-less technology
Brazilian state-owned oil and gas giant Petrobras has appointed a North Carolina-headquartered company to deliver a seal-less canned motor boosting system for its field in the Campos Basin with the aim of enabling reliable subsea production. Curtiss-Wright Corporation has signed a technology coopera
‘We do not compromise with safety,’ says CEO as Island Drilling looks into legal steps to challenge rig termination
Island Drilling is in the process of evaluating all legal recourse at its disposal to contest a recent rig contract termination.
Strife over US LNG permit freeze: Win for environmentalists and loss for Big Oil but is there more to it?
The Biden administration’s imposed pause on pending approvals of liquefied natural gas (LNG) exports is seen as a controversial move, which has brought the strife between Big Oil and climate campaigners to the fore.
Reach Subsea makes moves to meet increasing demand for subsea services
Norway-headquartered Reach Subsea has secured charters for two vessels with the aim of meeting the increasing demand in the subsea services market. Reach Subsea has secured charters for the Northern Maria and Olympic Taurus. For Northern Maria, the charter arrangement includes a three-year firm peri
QatarEnergy chooses Nakilat to own and operate up to 25 newbuild LNG carriers
As part of the second phase of its massive LNG fleet expansion project, QatarEnergy has selected Qatar Gas Transport Company (Nakilat) to own and operate up to 25 conventional-size LNG carriers pursuant to time charter parties (TCP) to be entered into by affiliates of the two companies. QatarEnergy
16 European partners kick off project to scale up offshore solar
Sixteen European partners have started an EU joint industry project (JIP) where floating solar technology is scaled up to standard formats of 150 MW enabling to build gigawatt scale farms. The BAMBOO project (Building scAlable Modular Bamboo-inspired Offshore sOlar systems) aims to resolve challenge
Fresh oil, gas, and drilling plays shape global energy ecosystem
This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.