
Norwegian shipbuilder VARD has launched into the water the first of two hybrid power ocean energy construction vessels (OECVs) it is building for compatriot shipping group Island Offshore. The vessel, marked NB 977, touched the water at Vard Shipyards Romania – Brăila on February 9, with outfitting

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has taken steps to expand its footprint by firming up agreements to come aboard a proposed liquefied natural gas (LNG) project in Sierra Grande