Business & Finance
Shelf Drilling finds work for two jack-up rigs in Italy
Shelf Drilling has secured long-term deals for two jack-up rigs with Italy’s energy giant Eni for operations in the Adriatic Sea off Italy.
Pay dispute escalates as North Sea workers resort to strike action on multiple oil & gas platforms
UK’s Unite the union has confirmed that hundreds of offshore workers have decided to down their tools and take industrial action.
Aker Carbon Capture joins UK carbon capture and storage project
Aker Carbon Capture is joining UK recycling, renewable energy and waste management company Viridor on a pre-FEED study for a carbon capture and storage (CCS) project nearby Liverpool, which is set to be one of the first large-scale carbon capture projects at an energy-from-waste facility in the worl
Oldendorff blasts CII calling for urgent revision
IMO’s new Carbon Intensity Indicator (CII) regulations will not help the environment and may actually lead to higher rather than lower emissions, German dry bulk carrier owner and operator Oldendorff Carriers said. The company released a study that delves into the rating scheme pointing to examples
Recent oil discovery off Congo seen as ‘potential play opener’
Perenco has made an oil discovery in an exploration well located in the shallow water Pointe Noire Grand Fond (PNGF) Sud license off Congo.
26 LNG-powered ships to join Ocean Alliance Day 7
Members of the OCEAN Alliance, CMA CGM, COSCO Shipping Lines, OOCL and Evergreen have signed the Ocean Alliance Day 7 Product, which will launch in January 2023 with 40 services and an annual capacity of 22.4 million TEUs. It has been announced that 26 dual-fuel, LNG-powered CMA CGM ships would be a
MAN showcases methanol-ready engine from testbed, says it can keep vessels compliant until 2050
German engine manufacturing powerhouse MAN Energy Solutions demonstrated today the performance of its new dual-fuel four-stroke 49/60DF engine from the testbed in Augsburg, Germany. Based on the information presented today, MAN claims that its 49/60 DF engine offers a feasible decarbonization pathwa
‘Significant’ new oil & gas discovery offshore Malaysia
Petronas Carigali, a subsidiary of Malaysia’s Petronas, has made a new oil and gas discovery in Block SK 306, offshore Malaysia.
INTERCARGO: CII cannot be used to achieve desired decarbonisation goals
The International Association of Dry Cargo Shipowners (INTERCARGO) has joined the critics of the Carbon Intensity Indicator (CII) framework voicing opposition to its use as a benchmark for medium-term measures as part of the IMO’s revised GHG Strategy. INTERCARGO said that its members expressed thei
WES books test facility in search of ‘ideal’ wave and wind hybrid platform
Wave Energy Scotland (WES) has selected FloWave research facility of the University of Edinburgh to conduct tank testing campaigns of potential hybrid platforms which combine wind and wave energy technologies.
Wind power in the running for electrification of West of Shetland oil & gas assets
BP, Equinor and Ithaca Energy have inked a deal to explore electrification options for their West of Shetland portfolio of oil and gas assets.
Spain adopts regulatory framework for €200M grant program for marine renewables
The Ministry for the Ecological Transition and the Demographic Challenge (MITECO) of Spain has published a document which sets out the regulatory bases for the allocation of state grants for the development of marine renewable energy pilot projects and associated infrastructure.
DNV: With mid-century targets out of range, UK requires ‘clear roadmap’ to reach net-zero
DNV: As the UK is not on track to meet its mid-century targets, “a clear roadmap” needs to be set up to achieve net-zero by 2050.
CMA CGM to bolster capacity at New York and New Jersey terminals following takeover
French container shipping major CMA CGM Group has signed a binding agreement to acquire GCT Bayonne and New York terminals, currently held by Global Container Terminals Inc (GCT). The Port of New York and New Jersey represents CMA CGM’s largest gateway on the U.S. East and Gulf Coasts. The company n