Yangshan Port in China took the top position in the third edition of the global Container Port Performance Index (CPPI), despite periods of disruption caused by typhoons and various other factors in 2022. Developed by the World Bank and S&P Global Market Intelligence, the third edition of the CPPI i
Jadestone has received approval for the title transfer regarding the acquisition of BP’s stake in a Woodside-operated project off Australia.
Athens-based dry bulk shipping firm Star Bulk Carriers revealed that its vessel Star Pavlina was declared a constructive total loss due to its prolonged detainment in Ukraine. The detainment occurred in the wake of Russia’s military action against Ukraine on February 24, 2022, resulting in the vesse
The UK’s Unite the union has secured – what it deems as – a recognition deal with CNOOC Petroleum Europe Limited (CNOOC).
Norwegian regulator has carried out an audit of management of materials handling and the working environment on one of Noble’s jack-up rigs.
ExxonMobil has awarded Aker Solutions with a contract to deliver dynamic and static subsea umbilicals for its recently sanctioned project in Guyana. The contract includes the delivery of three dynamic and seven static umbilicals totaling over 52 kilometers in length for the Uaru project. Project exe
After IBAMA’s rejection, Petrobras will move to another location a rig brought in preparation for drilling activities on a block off Brazil.
Japanese giants Marubeni Corporation, Sumitomo Corporation, and Sumitomo Electric Industries have committed to investing a total of GBP 14.2 billion (approximately €16.3 billion) in offshore wind and green hydrogen projects, and the offshore wind supply chain in the UK. Ahead of the UK Prime Ministe
South Korean shipping behemoth HMM has reportedly entered the fray in the race to acquire Hyundai LNG Shipping, the nation’s leading transporter of liquefied natural gas (LNG). Market reports indicate that HMM has made its intentions known to IMM Private Equity, expressing its desire to conduct due
TechnipFMC has secured what it describes as a “significant” contract with Equinor to provide riserless light well intervention (RLWI) services on the Norwegian Continental Shelf (NCS). Under the agreement, TechnipFMC will provide production enhancement, production data, and pre-plug-and-abandonment
European Marine Energy Centre (EMEC) has won funding, totalling over £500,000 (around $623,000), for four feasibility projects supporting green hydrogen innovation and development. More specifically, the funding is expected to be used to conduct feasibility studies supporting the development of nove
United Oil & Gas (UOG) has agreed to give more time to UK-headquartered oil and gas company Quattro Energy to secure funding for the purchase of a license in the UK Central North Sea that includes an existing hydrocarbon discovery. The two parties entered into a binding asset purchase agreement (APA
Subsea 7 has launched applications for its two-year engineering graduate program for next year which takes place in the French capital. According to Subsea 7, the Graduate Engineer Development Scheme (GEDS) involves both on and off-the-job development and exposes graduates to a variety of engineerin
In a groundbreaking milestone for the global shipping industry, Mediterranean Shipping Company (MSC) has emerged as the first ocean carrier to surpass a staggering 5 million TEU (twenty-foot equivalent units) in fleet capacity, as confirmed by analysts at Alphaliner. The impressive feat highlights M
