Positioned to bolster Europe’s energy security, a multibillion-euro gas project is rapidly advancing toward its launch.
This expansion will boost the overall production to 6 billion cubic meters per annum of gas and 47,000 barrels per day of condensate.
Norwegian authorities have approved drilling activities that Norway’s oil and gas player Aker BP is planning to undertake in the North Sea on the Norwegian Continental Shelf (NCS), with rigs owned by two offshore drilling contractors, Noble Corporation and Odfjell Drilling.
An international consortium led by Stillstrom, part of A.P. Moller – Maersk, has secured €5 million from the EU’s Horizon Europe research and innovation program to develop and demonstrate offshore charging infrastructure for stationary vessels at anchor with their engines running. The three-year SPA
Sinolam International, a Singapore-based investment company focused on oil, gas, and power investments in emerging markets in Asia and Latin America, has decided to move forward with a lawsuit related to Panama’s liquefied natural gas (LNG)-to-power market by submitting an arbitration request under
Moscow-headquartered energy giant PJSC Lukoil has said yes to a bid from Switzerland’s Gunvor Group for its international portfolio of assets in the wake of growing global sanctions, which keep tightening their hold on Russian businesses overseas.
France-based Legendre Group has started constructing the first full-scale demonstrator for the Dikwe project in Boulogne-sur-Mer, northern France, in collaboration with GEPS Techno. Supported by ADEME and the Région Hauts-de-France, the initiative aims to integrate wave energy generation into coasta
The Friesland Province has allocated €625,000 to the PROSIT project, which aims to help the Wadden Islands become partly self-sufficient in energy by harnessing tidal currents. According to the Friesland Province, PROSIT builds on SeaQurrent’s TidalKite demonstration near Ameland. The system uses ti
France’s Gaztransport & Technigaz (GTT) has secured a new deal related to the tank design of two new liquefied natural gas (LNG) carriers.
Danish container shipping giant A.P. Moller-Maersk unveiled this morning a further downturn in both profit and revenue, resulting in a decision to cut 10,000 jobs as a response to the ongoing challenges of declining freight rates and lackluster demand within the container shipping industry. Despite
Greek dry bulk shipping company Diana Shipping has signed a letter of intent to procure two 81,200 dwt methanol dual-fuel Kamsarmax dry bulk newbuilds. These vessels, with a purchase price of US$46 million each, will be constructed at Tsuneishi Group (Zhoushan) Shipbuilding Inc. in China, the Chines
The shipping industry will find it challenging to secure enough supply of carbon-neutral fuels, according to the latest edition of DNV’s Maritime Forecast to 2050, as it faces tough competition from other sectors. The report emphasizes the need to consider all alternative approaches to reducing emis
RWE has selected DeepOcean as the preferred supplier of inter-array cable installation for the Nordseecluster A offshore wind project, the first of the two phases of RWE’s Nordseecluster development in the German part of the North Sea. The contract could also see the subsea services provider perform
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, has submitted detailed proposals for the next round of IMO negotiations set for July this year with the aim of increasing decarbonization targets and setting a course for a net-zero future. The subm
