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Business & Finance

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Carisbrooke Shipping
Business & Finance

Carisbrooke Shipping to install solar cells on its vessels after triumph at sea

UK shipowner Carisbrooke Shipping has signed a letter of intent with Anglesey and Manchester-based Grafmarine to utilise their NanoDeck AI Solar tile management solution. The shipping company will install the solar cells on its vessels to manage and store renewable energy following successful trials

about 3 years ago
Åsgard B platform; Credit: Øyvind Hagen/Equinor
Business & Finance

‘Major’ modification work at Norwegian offshore platform is a go

Norwegian offshore safety regulator has given Equinor consent to carry out modifications at a platform operating on a field in the Norwegian Sea.

about 3 years ago
Askeladden rig; Source: Equinor
Business & Finance

Equinor receives nod for North Sea drilling ops

Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway, using a KCA Deutag Drilling-managed rig.

about 3 years ago
Illustration; Source: Eni
Business & Finance

Eni’s profit cut nearly in half but progress made on enlarging natural gas portion of global portfolio

Eni has revealed solid performance in 2Q and 1H 2023, despite its results being affected by a steep drop in oil and gas prices.

about 3 years ago
Illustration/OPT’s PowerBuoy (Courtesy of OPT)
Business & Finance

OPT grows 2023 net loss as revenues increase

US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss for the fiscal year 2023, compared to the same period a year earlier, recording also a 55% rise in revenues for the period.

about 3 years ago
X-Press Capella
Business & Finance

OCI Global to supply X-Press Feeders with green methanol after Maersk success

Dutch producer and distributor of hydrogen-based products OCI Global will supply Singapore-based shipping company X-Press Feeders with OCI HyFuels green methanol for their new-build methanol dual-fueled common feeder ships. OCI Global said that this was the first green methanol deal with a feeder co

about 3 years ago
Pipes for second phase of giant Black Sea gas project to come from Italy
Business & Finance

Pipes for second phase of giant Black Sea gas project to come from Italy

Luxembourg-headquartered manufacturer of pipes and related services Tenaris has secured a contract to supply products for a giant natural gas project in the Black Sea in Türkiye. Tenaris will supply pipes and services for phase II-A of the Sakarya gas field development, operated by Turkish Petroleum

about 3 years ago
Xin Quang Hua
Business & Finance

Ocean giants unite to forge mega fleet of semi-submersible vessels

China-based companies specializing in ocean-based heavy lift transport COSCO SHIPPING Specialized and Guangzhou Salvage have concluded a joint venture deal leading to the creation of a fleet of 18 semi-submersible vessels by the end of 2023. Commercial management of the fleet will be handled by the

about 3 years ago
TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023
Business & Finance

TechnipFMC breaks subsea order records, expects to reach $9 billion in 2023

TechnipFMC has received $4.1 billion in subsea inbound orders in the second quarter of 2023, a 62.2% increase compared to Q1 2023 and a 113.4% increase compared to the same period in 2022. Records were set for the company’s iEPCI full-field subsea development and integrated project execution and Sub

about 3 years ago
GOGL
Business & Finance

Safe Bulkers welcomes 4th newbuild, advances eco upgrades

Monaco-based dry bulk shipping company Safe Bulkers has taken delivery of MV Climate Justice, a GHG Phase 3-NOX Tier III compliant Post-Panamax vessel. The 87,300 dwt bulker, sailing under the Cyprus flag, was built by Oshima Shipbuilding from Japan and is classed by DNV. The newbuild is fitted with

about 3 years ago
BP and OMV ink long-term LNG supply agreement
Business & Finance

BP and OMV ink long-term LNG supply agreement

UK-headquartered energy major BP and Austria’s integrated oil and gas company OMV have signed a long-term sale and purchase agreement (SPA) for the supply of up to 1 million tonnes of LNG per year. Under the agreement, BP will provide OMV with LNG starting in 2026. LNG will be sourced from BP’s glob

about 3 years ago
Paul B. Loyd Jr. rig; Source: Transocean
Business & Finance

Fleet expansion with two Transocean rigs represents harbinger of growth for Dolphin Drilling

Dolphin Drilling regards its acquisition of two semi-submersible rigs from Transocean as the herald of further growth not just in the UK but also on the global stage.

about 3 years ago
Illustration; Source: Shell
Business & Finance

As oil & gas prices tumble down from 2022 highs, Shell’s profit follows suit

Shell’s profit has been cut by more than half year-on-year, compared to the record high levels reported last year.

about 3 years ago
TotalEnergies
Business & Finance

TotalEnergies’ profit hit by downturn in oil & gas prices but multi-energy model saves the day

TotalEnergies has disclosed strong results for the second quarter and first half of 2023, thanks to its multi-energy strategy.

about 3 years ago
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