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Pakistan 23rd country to join IMO’s ship recycling convention
Pakistan has ratified the International Maritime Organization’s (IMO) treaty for safe and environmentally sound ship recycling, the Hong Kong Convention.
WATCH: Well-Safe Solutions rig wraps up first saturation dives in firm’s history while working on North Sea decom gig
Well-Safe Solutions has tucked under its belt a new achievement, thanks to one of its rigs, which has set a seal on the first saturation dives in the company’s history.
Orbital Marine to take its shot at Canada’s tidal stream opportunity
Scottish company Orbital Marine Power has been named as Euclaire Tidal’s technology partner at the Fundy Ocean Research Centre for Energy (FORCE).
NYK pens ammonia transport deal with Mitsui & Co.
Japanese shipping company NYK has entered into a time charter contract with compatriot Mitsui & Co., Ltd. for the transportation of ammonia. NYK revealed that the deal was signed in October and that it would use its Panama-flagged LPG carrier, the Berlian Ekuator, as the key vessel for the shipments
Producers vow to deliver 11 million tons of hydrogen-derived marine fuel by 2030
Green hydrogen producers have agreed to produce 11 million tons of the low-emissions fuel for use by the shipping sector by 2030 as part of a Joint Commitment that aims to enable the use of renewable hydrogen-derived shipping fuel this decade to meet maritime industry decarbonization targets. The Jo
Maersk to ship goods on green fuels for Nestlé
Nestlé, the world’s largest food and beverage company, has decided to cut its ocean logistics greenhouse gas (GHG) emissions by using Maersk’s ECO Delivery solution, which includes transporting goods on certified green fuels.
New hydrocarbon discoveries in 2023 bring Malaysia more than 1 billion boe
Malaysia recorded 19 exploration discoveries and two exploration-appraisal successes in 2023, contributing over 1 billion boe of new resources.
ADNOC and SOCAR unite for low-carbon solutions, hydrogen in spotlight
UAE’s Abu Dhabi National Oil Company (ADNOC) and the State Oil Company of Azerbaijan Republic (SOCAR) have signed a strategic collaboration agreement (SCA) that sets out their intention to collaborate on the potential development of low-carbon solutions, including hydrogen. As part of the SCA, the t
AET gets shipping’s first sustainability-linked Islamic RCF in South Asia
Maybank Singapore has extended a $100 million sustainability-linked Islamic revolving credit facility (RCF-i) to AET, a Singapore-based petroleum logistics unit of Malaysian energy logistics group MISC Berhad.
ROV for DEME’s new vessel passes factory acceptance tests
Seatools has completed factory acceptance tests (FAT) for what it describes as a highly innovative fall pipe remotely operated vehicle (ROV) developed for DEME Group. The ROV will be deployed on DEME’s upcoming subsea rock installation vessel Yellowstone, scheduled to join the fleet in the first hal
Pacific Basin closes sustainability-linked loan
Pacific Basin Shipping Limited, a Hong Kong-listed player in dry bulk shipping, has concluded its $150 million sustainability-linked 3-year senior unsecured committed revolving credit facility. This signifies Pacific Basin’s first foray into sustainability-linked loan facilities, the company said, a
International offshore rig count climbs up a notch in November
Baker Hughes’ rig count report points out that one more rig joined the working fleet in November 2023 compared to the month before.
World’s largest green car carrier design receives DNV’s blessing
Classification society DNV has awarded Approval in Principle (AiP) to China Merchants Jinling Shipyard (Nanjing) Co. for its 11,000-CEU capacity pure car and truck carrier (PCTC) design.
Woodside to purchase LNG from Mexico Pacific’s Saguaro Energia project
Australian energy giant Woodside has signed an agreement with Mexico Pacific, a developer of the LNG export project in Puerto Libertad, Sonora, to purchase 1.3 million tonnes per annum (mtpa) of LNG for 20 years. Under the agreement, Woodside will purchase the LNG from the Saguaro Energia LNG projec