OMV has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.
German liner giant Hapag-Lloyd AG has signed a binding agreement to acquire a 35% stake in Indian terminal operator J M Baxi Ports & Logistics Limited (JMBPL). The stake is being acquired from a U.S.-based Bain Capital Private Equity affiliate. The German shipping major has also signed a deal with J
Equinor has handed out a long-term deal to Semco Maritime for the provision of temporary staffing services for offshore nurses on the NCS.
PRIO has made a payment of almost $2 billion for the acquisition of Petrobras’ entire stake in a deepwater field off Brazil.
Indonesian companies Hafar and Casakha have signed a contract to develop an offshore pipeline for the LPRO-NGLJ project.
Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.
Japanese companies Idemitsu Kosan, Hokkaido Electric Power (HEPCO), and Japan Petroleum Exploration (JAPEX) have come together for a joint study for implementing carbon dioxide capture, utilisation, and storage (CCUS) in the Tomakomai area of Hokkaido, Japan, leveraging each company’s business sites
Maersk Supply Service has inked a deal with TechnipFMC for the comprehensive towing and mooring campaign of Petrobras’s project off Brazil.
Ramping up storage of natural gas and hydrogen is seen as a solution to both the energy crisis and energy transition.
Russian LNG producer Sakhalin Energy has surpassed its 2022 targets, producing about 11.5 million tonnes of LNG and 3.7 million tonnes of Sakhalin blend oil. According to the company, all products were delivered to the buyers on time in full compliance with the SPA terms. The major LNG markets inclu
A group of eight marine insurers has released the first Annual Disclosure Report for Poseidon Principles for Marine Insurance, disclosing the climate alignment of their hull and machinery portfolios. The report surveys the portfolios of the framework’s signatories in what has been described as a ‘la
The UK High Court has quashed the decision brought at the beginning of 2022 to reject a £1.35 billion, 2 GW electricity interconnector between the UK and France. Kwasi Kwarteng, at that time Secretary of State for Business (BEIS), in January 2022 refused consent for the AQUIND interconnector despite
Norwegian container tonnage provider MPC Container Ships has signed an offtake agreement with German e-fuels supplier INERATEC for synthetic marine diesel oil (MDO) made from biogenic CO2 and renewable hydrogen. According to MPC Container Ships, this is the industry’s first agreement for the supply
Nippon Steel Corporation, Japan’s steel producer, Mitsubishi Corporation, a global integrated business enterprise that develops and operates businesses, and ExxonMobil Asia Pacific, an energy and petrochemical company, have signed a Memorandum of Understanding (MoU) to jointly study carbon capture a
