Nigerian National Petroleum Corporation (NNPC) and UTM Offshore have signed a Heads of Terms (HoT) agreement for the construction of the nation’s first indigenous floating LNG project. The agreement, described as a major step towards bolstering Nigeria’s energy security and promoting the utilization
Kistos has successfully appealed against the Netherlands Ministry of Economic Affairs’ decision not to extend the term of a licence in the North Sea.
Island Drilling has revealed a video of its semi-submersible rig, which is preparing for coil tubing operations while on contract with Dana Petroleum in the UK.
SSEN Transmission, the transmission owner in the north of Scotland, has appointed NKT as the preferred bidder for the supply of power cable systems for two HVDC transmission links offshore Scotland. If confirmed, NKT will provide 525 kV XLPE HVDC power cable systems for the Western Isles and Spittal
Norway’s oil production remained on the rise in June 2023 compared to the Norwegian Petroleum Directorate’s predictions.
Transocean has won a bundle of new contracts and extensions in Mexico, Australia, Norway, Lebanon, and the East Mediterranean Sea.
Damen Shipyards Group has secured the first sale of its Damen Air Cavity System (DACS), an air lubrication system, borne out of a collaboration with the Delft University of Technology (TU Delft). The system maintains a thin layer of air over the flat bottom of a vessel’s hull, reducing resistance in
U.S.-based green methanol producer Carbon Sink and Jones Act-compliant shipping company Rose Cay Maritime have inked a Memorandum of Understanding to facilitate the maritime sector’s shift toward low-carbon fuels. Under the terms of the MoU, the duo agreed on increasing the production of the green f
Results from a new poll indicate that an overwhelming majority of voters support the production of more American energy.
UAE’s ADNOC Gas, an integrated gas processing company, has signed a 14-year supply agreement with the Indian Oil Corporation (IOCL) for the export of up to 1.2 million metric tons per annum (mmtpa) of liquefied natural gas (LNG). According to ADNOC Gas, the agreement, valued in the range of $7 billi
Liquefied natural gas (LNG) has become cheaper maritime fuel than Very Low Sulphur Fuel Oil (VLSFO), according to the most recent analysis made by Danish consultancy Sea-Intelligence. To comply with the IMO2020 regulations aimed at cutting sulphur emissions, the shipowners were given a choice betwee
With the demand for black gold still going strong, Europe has replaced Russian oil barrel for barrel by importing more from other producers.
The Government of Canada has announced an investment of up to $38 million under the National Trade Corridors Fund to improve cargo movement at the Port of Argentia based in Newfoundland. The funds are targeting the expansion of the existing Fleet Dock terminal. This expansion includes the constructi
Prosafe has disclosed a new timeline during which one of its semi-submersible vessels is expected to kick off its pending assignment.
