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Louis Dreyfus Armateurs picks CSSC Wuchang Shipbuilding for wind-powered ROROs
French maritime firm Louis Dreyfus Armateurs (LDA) has inked a construction contract with Chinese CSSC Wuchang Shipbuilding Industry Group for three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. The construction of the vessels has been commissioned by Airbus as part o
Valaris drillship staying in Brazil for multi-year gig with Petrobras
Valaris has tucked a long-term contract in Brazil under its belt for one of its drillships, which will carry out operations for Petrobras.
Contract with TotalEnergies marks Ocean Installer’s second-largest in history
Norway’s Ocean Installer has secured what it says is its second-largest contract in company history thanks to a deal with TotalEnergies in Angola. Ocean Installer, in consortium with Oceaneering, has secured a “significant” contract from TotalEnergies EP Angola and its partners of Block 17 to execut
Update: Maersk extends transit pause through Red Sea/Gulf of Aden
In the wake of the latest incident involving Maersk’s containership Maersk Hangzhou, the global liner major has decided to halt all transits through the Red Sea and Gulf of Aden until further notice. Just days after announcing its gradual return to the Red Sea, Maersk Hangzhou was targeted by a miss
Kumul obtains funding to purchase PNG LNG stake from Santos
Papua New Guinea’s (PNG) Kumul Petroleum Holdings has secured funding to acquire 2.6% of PNG LNG stake from Australian energy company Santos. According to Santos, Kumul paid approximately $250 million into escrow with Santos as part payment of the purchase price and executed binding funding arrangem
‘World’s first’ subsea power hub for floating wind to be tested in Norway
Aker Solutions and the Marine Energy Test Centre (METCentre) in Norway have signed a front-end engineering and design (FEED) contract for a pilot project which will see Aker Solutions testing its new power transmission technology at the METCentre’s offshore test area that houses demonstration floati
World’s largest interconnector begins operating
The Viking Link electricity interconnector between the UK and Denmark has commenced operations, now transporting power between the two countries. Deemed the world’s longest land and subsea interconnector, the £1.7 billion Viking Link started commercial operations on December 29, 2023. The link has
Oilfields project offshore China comes on stream
CNOOC Limited has kicked off production from oilfields Phase II development project in the South China Sea, offshore China.
Galp’s drilling ops offshore Namibia bring ‘preliminary’ signs of hydrocarbons
Galp is currently drilling a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries.
Round up: Major multi-billion oil & gas projects greenlighted in 2023
While multiple new oil and gas projects were sanctioned throughout 2023, the top eight ones are listed in this article.
Offshore drilling highlights: Top paid rigs in 2H 2023
Three rigs stand out as the highest-paid ones during the second half of 2023. Unsurprisingly, all three spots were taken by drillships.
2023 in review: A transformative year for shipping and maritime
In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf
Shell hands out work for its new Gulf of Mexico FPU to Seatrium
Shell has picked Seatrium for the construction and integration of its new FPU destined for its project in the U.S. Gulf of Mexico.
2024 offshore drilling outlook: Westwood’s top three predictions for rig market
Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for 2024.