All
Samsung Heavy Industries lands massive $3.4B order for 15 LNG carriers
South Korean shipbuilding major Samsung Heavy Industries (SHI) has secured a contract to construct fifteen liquefied natural gas (LNG) carriers for an undisclosed shipping company from the Middle East.
Eastern Pacific Shipping completes 150th LNG bunkering
Singapore-based ship management company Eastern Pacific Shipping (EPS) has completed its 150th liquefied natural gas (LNG) bunkering operation.
Can plunge in Suez Canal earnings prompt Egypt to broker peace to end Red Sea crisis?
The escalation of attacks on commercial ships in the Red Sea by the Houthi armed forces is further intensifying after increased air strikes by the U.S. and UK forces in Iraq, Syria, and Yemen. Paradoxically, the military intervention has not deterred the Houthi rebels, who have promised further reta
QatarEnergy and Petronet agree on 20-year LNG supply to India
Qatar’s state-owned energy giant QatarEnergy has signed a 20-year sale and purchase agreement (SPA) with India’s Petronet LNG for the supply of 7.5 million tons per annum (mtpa) of LNG to the Republic of India. The contracted LNG volumes from Qatar will be delivered ex-ship to terminals across India
MODEC gives African FPSO job to Norwegian player
Axess Group has landed a long-term inspection contract for a recently converted FPSO, which is destined to work on Woodside’s oil project.
DNV confirms energy efficiency gains for LNGCs enabled by ABB-MAN DFE+ solution
The new Dual Fuel, Electric+ (DFE+) solution developed by Swiss technology company ABB and German engine manufacturer MAN Energy Solutions is a more energy-efficient alternative to current conventional designs for liquefied natural gas (LNG) carriers, classification society DNV found in a study.
Oceaneering reels in $200 million in new contracts
Oceaneering International has secured multiple contracts during the fourth quarter of 2023 with an anticipated aggregate revenue of approximately $200 million. The anticipated revenues from these contracts in Oceaneering’s Manufactured Products segment range in value from less than $10 million to gr
BP’s profit cut in half but $13.8 billion still cinched in 2023
Despite a 50% fall in profit on a year-over-year basis, BP still reported a solid overall operational and financial performance during 2023.
Fugro secures Dutch geophysical survey contract
Fugro has been awarded the geophysical survey contract for the development of the Doordewind offshore wind zone in the Netherlands. Fieldwork is planned to commence in April 2024 and will be conducted with Fugro’s geophysical vessel Fugro Pioneer. Onboard are customized digital streamers and process
Valaris rig kicks off drilling ops at Woodside’s gas field off Australia
Valaris has confirmed the spudding of the first well in an eight-well campaign, which is being undertaken by one of its semi-submersible rigs.
ClassNK okays ammonia fuel tank design for GSC’s containerships
Classification society ClassNK has awarded an approval in principle (AiP) for the design of a prismatic ammonia fuel tank (IMO Type B independent tank) for containerships developed by Planning and Design Center for Greener Ships (GSC).
Hydrogen fuel-cell ferry wins LR’s AIP
The Estonian State Fleet has won Approval in Principle (AIP) from Lloyd’s Register (LR) for a hydrogen fuel-cell ferry designed by Finnish ship design and engineering company Deltamarin. As part of the certification, LR approved the current stage of the design process to be suitable for further desi
K Line to manage Northern Lights’ 3rd LCO2 carrier
Japanese shipping heavyweight Kawasaki Kisen Kaisha (K Line) has signed bare boat charter and time charter contracts with Northern Lights JV DA for the management of the third CO2 ship. K Line has already signed contracts for managing the first two 7,500 m3 liquefied CO2 ships scheduled for delivery
Green light for Italy’s €1.3 billion, 1 GW submarine power line
Italy’s Ministry of Environment and Energy Security has given its approval for the Adriatic Link submarine power line, set to facilitate the integration of renewable sources and support energy transition goals in Italy. The Italian Ministry of Environment and Energy Security authorized, through a de