Business & Finance
Semi-sub rig to sport new filterless ballast water management system
Island Drilling has decided to retrofit its semi-submersible drilling rig with Ecochlor’s EcoOne filterless ballast water management system (BWMS).
Gasgrid Finland’s LNG floating terminal is fully up and running
With the integration of the LNG floating storage and regasification unit (FSRU) Exemplar into Gasgrid Finland’s gas transmission network, Finland’s first FSRU-based terminal, located in the deep harbour at Inkoo, is now fully ready for use. Esa Hallivuori, Senior Vice President of Transmission Busin
Magseis Fairfield delists from Oslo Stock Exchange
Norwegian survey services provider Magseis Fairfield has delisted its shares from the Oslo Stock Exchange (Oslo Børs) following the acquisition by TGS. The process with TGS started when the company announced a voluntary offer for all shares in Magseis Fairfield (ticker: MSEIS) on 29 June 2022. When
Grimaldi adds five more ammonia-ready car carriers to orderbook in China
Neapolitan shipping company Grimaldi Lines has ordered five additional ammonia-ready car carriers in China. The order went to Shanghai Waigaoqiao Shipbuilding Company Limited (SWS) and China Shipbuilding Trading Company Limited (CSTC), two subsidiaries of China State Shipbuilding Corporation Limited
Enagás buys stake in UK-Netherlands subsea gas pipeline operator
Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subsea gas interconnection between the Netherlands and the UK. Enagás concluded the deal as part of the objectives of its strategic plan to contri
N-Sea Subsea Cables adds more equipment to its inventory
N-Sea Subsea Cables has purchased new strategic modular subsea cable installation equipment in order to respond to the growing demand in the market.
SOCAR and Masdar to jointly develop 2 GW of offshore wind & green hydrogen projects in Azerbaijan
The State Oil Company of the Republic of Azerbaijan (SOCAR) and the United Arab Emirates’ Masdar have entered into a partnership on offshore wind and green hydrogen projects in Azerbaijan. Under a joint development agreement, signed in Abu Dhabi on 15 January within the framework of Azerbaijan’s Pre
Clarksons: Ammonia-ready at 10.8 pct as alternative fuel orders hit new heights
The majority of the newbuilding tonnage ordered in 2022 was alternatively fuelled, according to the data from Clarksons Research. Insights from the shipbroker show that 61% of tonnage ordered last year (35% by number) was alternatively fuelled. Overall, 83.4 million dwt was ordered across vessel sec
Fredriksen builds stake in Euronav in the wake of botched merger
Famatown Finance Limited, a company indirectly controlled by trusts settled by shipping billionaire John Fredriksen, has increased its stake in European tanker major Euronav. Euronav disclosed earlier today that Famatown Finance Limited acquired 5,127,000 additional shares and today holds, together
Masdar agrees to explore green hydrogen exports from Abu Dhabi to Europe
Abu Dhabi-based clean energy company Masdar and four Dutch companies have signed a memorandum of understanding (MoU) to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam. The MoU was signed by the representatives of Masdar, Port of Amsterdam, SkyNRG, Evos Amste
In focus: Is Europe the heart of the energy transition?
It is just the second week of the new year ahead of us, however, European authorities and industry are not wasting any time on acting upon carbon reduction efforts. This week saw the European Union launch a number of initiatives, making us wonder whether 2023 will be the year of big changes.
Deep dive: What’s in store for Valaris rigs?
An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.
Cargill orders methanol-powered Kamsarmax pair
Swiss freight trader Cargill has placed an order for two methanol-fuelled bulk carriers in Japan. Namely, the company has teamed up with Mitsu & Co, and ordered a Kamsarmax duo from Japanese shipbuilder Tsuinesihi Shipbuilding. The order was reportedly signed last month and the ships are scheduled f
Low-carbon investments set to hit $620 billion in 2023, Rystad says
While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.