Arabian Drilling's backlog has surged to nearly $5 billion after a four-rig award from the Aramco-Kuwait Petroleum Corporation joint venture (JV).
Who can stop the operation, who can approve its continuation, and who carries overriding responsibility for vessel safety?
Qatar’s state-owned oil and gas giant QatarEnergy has confirmed a curtailment in its liquefied natural gas (LNG) capacity in the aftermath of recent missile strikes at its LNG facilities. The post QatarEnergy: Missile attacks spur $20 billion loss with drop in LNG exports appeared first on Offshore
Houston-based Texas LNG Brownsville, part of Glenfarne Group, has put Kiewit Offshore Services (KOS), a construction and engineering services provider, in charge of in-state fabrication of liquefaction modules for a liquefied natural gas (LNG) export project being developed in the Port of Brownsvill
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.
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
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
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
Happy New Year from Offshore Energy team
Ample health & safety measures allow for thousands of visitors and participants to meet, talk and present safely for two days. Summer 2020 is turning out to be a productive time for the Navingo team! We are busy preparing for the Offshore Energy Exhibition & Conference (OEEC) and the Navingo Career
To ensure that hull cleaning can be carried out in a safe and environmentally sustainable way in the future, a global standard is essential, BIMCO, the world’s largest shipping association, believes. Biofouling, which is the accumulation of various aquatic organisms on ships’ hulls, is gaining incre
Israeli businessman Eli Tilles in advanced talks with foreign partners to bid for Haifa privatization tender.
David Hammond, CEO of HRAS, criticizes under-reporting of the pandemic’s consequences on seafarers.
MSC develops Suspension of Transit container shipping programme to prepare for after COVID-19 demand recovery.
