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Business & Finance

AET to grow multi-fuel fleet with order for its first hybrid-electric, ethanol-ready tanker

Singapore-headquartered owner and operator of crude and product tankers AET is set to enrich its fleet with its first-ever hybrid-electric, ethanol-ready tanker, set to be built in China. AET placed the order for its first hybrid-electric dynamic positioning shuttle tanker (DPST) with Dalian Shipbui

about 7 months ago

Business & Finance

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Perenco ticks off field revitalization in Trinidad and platform installation offshore Congo

Anglo-French oil and gas player Perenco has wrapped up a revitalization program at fields off the coast of Trinidad & Tobago and the installation of a recently converted mobile offshore production unit (MOPU) in Congolese waters.

about 7 months ago

Business & Finance

Australian Energy Regulator’s final decision says consumers are better off with Marinus Link

The Australian Energy Regulator (AER) has confirmed that consumers will be better off with investment in the Marinus Link interconnector in its final decision on the project’s construction cost. The AER is responsible for ensuring energy consumers have access to a reliable and secure market and that

about 7 months ago

Business & Finance

Multi-year time charter duo strengthens BW LPG’s presence in VLGC market

Singapore-based shipowner and operator BW LPG, associated with BW Group, has secured two long-term time charter-out deals for a pair of very large gas carriers (VLGCs).

about 7 months ago

Rendering of the Ruwais LNG concept design; Source: ADNOC

Business & Finance

ADNOC and RWE diving into new LNG opportunities as multiple deals boost Germany – UAE energy cooperation

United Arab Emirates-headquartered energy heavyweight Abu Dhabi National Oil Company (ADNOC) has joined forces with RWE Supply & Trading (RWE) to look into new opportunities for liquefied natural gas (LNG) supply to Germany and European markets, building on the Middle Eastern player’s existing LNG s

about 7 months ago

Business & Finance

Fratelli Cosulich’s first in four-vessel methanol-ready bunker tanker series hits the water

Italy’s maritime transportation group Fratelli Cosulich has launched the first unit in its four-ship methanol-powered IMO II chemical bunker tanker series, under construction in China. The vessel named Anna Cosulich was launched on February 4 at the Taizhou Maple Leaf Shipyard in China, with Giovann

about 7 months ago

Visual of 18,600 TEU container vessel ordered by Maersk; Courtesy of Maersk

Business & Finance

Maersk’s orderbook climbs to 33 vessels with addition of eight 18,600 TEU ships

Danish shipping and integrated logistics titan A.P. Moller – Maersk is enlarging its fleet by placing an order for eight large vessels with China’s New Times Shipbuilding.

about 7 months ago

Business & Finance

Saipem’s underwater drone wraps up another autonomous mission

Saipem’s first resident underwater intervention drone (UID) has performed another autonomous mission as part of a ten-year contract signed in 2019 with Equinor, said to be the first global service agreement for underwater drones in the offshore energy sector. Hydrone-R performed the autonomous surve

about 7 months ago

Chim Sáo field in Vietnam; Source: Harbour Energy

Business & Finance

PSC for Southeast Asian block with three gas fields to run up to July 2034

London Stock Exchange-listed energy player EnQuest has picked up a multi-year extension for a production sharing contract (PSC) covering a block off the coast of Vietnam in Southeast Asia.

about 7 months ago

Illustration; Source: Türkiye Petrolleri A.O. (TPAO)

Business & Finance

Chevron and TPAO set their cap on oil & gas exploration in Black Sea

U.S.-headquartered energy giant Chevron has sealed a deal with Türkiye‘s national oil and gas giant, Türkiye Petrolleri A.O. (TPAO), to embark on oil and natural gas exploration and production in the Black Sea.

about 7 months ago

Business & Finance

Multiple newbuild vessel charters with US LNG giant come NYK and Ocean Yield’s way

Cheniere Marketing International, a wholly owned subsidiary of the U.S. energy player Cheniere Energy, has signed off on long-term charter deals for new liquefied natural gas (LNG) carriers (LNGCs) with Japan’s shipping major Nippon Yusen Kaisha (NYK) Line, part of NYK Group, and Norway’s Ocean Yiel

about 7 months ago

Business & Finance

DOF strikes again with Shell in North America

Norwegian vessel owner DOF Group has secured a contract with Shell, defined as substantial, for the delivery of well intervention services in North America. As part of the contract awarded by Shell Offshore, DOF’s regional subsea team in North America is in charge of project management, engineering,

about 7 months ago

Business & Finance

Mystery clients book two Solstad construction support vessels

Norwegian offshore shipping company Solstad has entered into two letters of intent (LoIs) for two of its construction support vessels (CSVs). Solstad Maritime signed a LoI with an international subsea contractor for Normand Navigator, with the contract to start in the second quarter of the year and

about 7 months ago

Business & Finance

Three new LNG bunkering vessels enlarge Chinese player’s orderbook

China-headquartered engineering player Nantong CIMC Sinopacific Offshore & Engineering (CIMC SOE) has received orders for three liquefied natural gas (LNG) bunkering vessels.

about 7 months ago