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Business & Finance

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shipping/Marine insurers
Business & Finance

AAA Chair: AI and automated ships pose new challenges in casualty liability

Artificial Intelligence and the advent of automated ships will pose difficult questions in determining liability under the Hague Rules for maritime casualties, the 2022-2023 chairman of the Association of Average Adjusters, Sir Nigel Teare, cautions. Sir Nigel drew attention to a recent case involvi

about 3 years ago
ammonia
Business & Finance

DAI and Freepan pen 10-year green ammonia purchase deal

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DAI Infrastructure GmbH and Freepan Holdings Corp have entered a ten-year green ammonia purchase agreement. The companies signed a Memorandum of Understanding (MoU) according to which Freepan will offtake 800 000 TPA of green ammonia. According to DAI, the green ammonia will be produced in East Port

about 3 years ago
Shelf Drilling Victory, formerly known as Deep Driller 7; Source: Aban Offshore
Business & Finance

Shelf Drilling CEO: Rising rig demand in Asia to propel day rates to new heights

Shelf Drilling has boosted its backlog further during the first quarter of 2023, despite experiencing a sequential decline in revenue.

about 3 years ago
QatarEnergy hands out $10 bln EPC contract for NFS project
Business & Finance

QatarEnergy hands out $10 bln EPC contract for NFS project

Qatar’s state-owned oil and gas company QatarEnergy has awarded the engineering, procurement and construction (EPC) contract for the North Field South (NFS) project to a joint venture of Technip Energies and Consolidated Contractors Company (CCC). As disclosed, the EPC contract is worth around $10 b

about 3 years ago
Illustration; Source: U.S. Navy
Business & Finance

U.S. takes steps to boost naval presence, as Iran gets its hands on another oil tanker

To put a stop to Iran’s recent vessel seizures, the U.S. is going to bolster naval patrols in and around the Strait of Hormuz.

about 3 years ago
ADNOC partners with French firm to design unmanned supply vessels
Business & Finance

ADNOC partners with French firm to design unmanned supply vessels

ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi-based oil company ADNOC, has signed an agreement with France’s SeaOwl for the design of unmanned remotely operated vessels (ROVs) capable of transporting vehicles, equipment and supplies to and from offs

about 3 years ago
Deepsea Bollsta rig, formerly known as West Bollsta; Source: Odfjell Drilling
Business & Finance

International offshore rig count slips a notch

Baker Hughes’ international rig count report indicates that the number of offshore rigs lost its forward momentum.

about 3 years ago
ADNOC and TotalEnergies enter LNG supply deal worth $1.2 billion
Business & Finance

ADNOC and TotalEnergies enter LNG supply deal worth $1.2 billion

UAE’s ADNOC Gas has signed a three-year supply agreement with TotalEnergies Gas and Power Limited, a subsidiary of French energy giant TotalEnergies, for the export of LNG. The agreement, valued at about $1.2 billion under current market conditions, was announced on 1 May. Pursuant to the terms of t

about 3 years ago
The WND development is projected to be the second biggest project (production wise) in Egypt after the massive Zohr development; Source: WintershallDea/Credit: BP
Business & Finance

BP puts Subsea 7 in charge of gas tie-back project in Mediterranean Sea

BP has picked Subsea Integration Alliance for a two-well tie-back project in the large West Nile Delta (WND) development off Egypt.

about 3 years ago
Illustration; Source: Bureau Veritas
Business & Finance

Is gas paving the way for the hydrogen revolution?

In the energy transition blueprint for the sustainable future, hydrogen has carved a niche for itself and is gaining more ground.

about 3 years ago
UNDP hires Boskalis to prevent 'enormous oil disaster' offshore Yemen
Business & Finance

UNDP hires Boskalis to prevent ‘enormous oil disaster’ offshore Yemen

Dutch offshore services provider Boskalis has, through its subsidiary SMIT Salvage, reached an agreement with the United Nations Development Programme (UNDP) to remove oil from a floating storage and offloading (FSO) facility moored off Yemen’s Red Sea coast. This Stop Red Sea Spill operation is a p

about 3 years ago
Wood Mackenzie
Business & Finance

With $185 bln of total investment on the table, WoodMac expects more oil & gas FIDs in 2023

Wood Mackenzie outlines that upstream operators will focus on capital discipline and carbon mitigation in 2023.

about 3 years ago
Fugro wins big in the UAE
Business & Finance

Another win for Fugro in the UAE

Fugro has secured a contract to perform a series of offshore surveys for what it says is a “major field development program in the Middle East”. Under the contract, Fugro will deliver site characterization services in support of one of the largest long-term field development programs in the United A

about 3 years ago
QatarEnergy and Namibia's ministry ink deal to strengthen energy cooperation
Business & Finance

QatarEnergy and Namibia’s ministry ink deal for energy cooperation

Qatar’s state-owned energy giant QatarEnergy and Namibia’s Ministry of Mines and Energy have signed a Memorandum of Understanding (MoU) with the aim of strengthening cooperation in the energy sector. The MoU, said to pave the way for continued cooperation, covers areas such as knowledge sharing, wor

about 3 years ago