Energy.
Nord Gas Solutions’ Revolutionary VOC Recovery System to be installed on two first-of-a-kind, purpose-built Offshore Support Vessels
As part of the development of Texas GulfLink, a transformational U.S. energy infrastructure project, Nord Gas Solutions will supply its advanced Volatile Organic Compound Recovery System for the project’s offshore crude oil loading operations in the Gulf of America. The system is designed to capture and recover VOC emissions generated during the loading of very large crude carriers and will be…
Saipem has entered into a binding sale and purchase agreement with ADES for the divestment of its Shallow Water Drilling activities in Saudi Arabia
The transaction value amounts to USD 285 million The transaction is part of Saipem’s strategy to focus on deepwater and harsh-environment offshore drilling Completion of the transaction is…
Murphy Oil Corporation announces oil discovery at Bubale-1X Offshore Côte d’Ivoire
Murphy Oil Corporation announced an oil discovery at the Bubale-1X exploration well in Block CI-709, located approximately 40 miles offshore Côte d’Ivoire. The Bubale-1X well was drilled to a…
Strategic Marine and Mainprize Offshore Sign Protocol of Delivery and Acceptance for MO15 and MO16 Vessels
Strategic Marine and Mainprize Offshore formalise PODA signing for MO15 and MO16 Strengthens ongoing partnership following multi‑vessel contract at Seawork 2024 Purpose‑built Supa Swath design to…
Okun Energia Oy optimises data center waste heat and bioenergy use in district heating through Valmet’s automation
Valmet is to deliver a district heating optimization solution to Okun Energia Oy’s Miilu heat plant area in Outokumpu, Finland. The solution provides cost-effective, operator-independent control of…
Strait of Hormuz closure risks greatest global energy supply shock in decades, Wood Mackenzie warns
A prolonged closure of the Strait of Hormuz poses the single greatest threat to global energy markets in decades, according to a new Horizons report from Wood Mackenzie, Strait Talking: Iran War…
Biofuel Bunker Snapshot: Conventional VLSFO prices weigh on B30 blend prices
Rotterdam and Europe Rotterdam’s B30-VLSFO (POMEME) price has decreased by around $59/mt in the last week. A drop in the port’s conventional VLSFO price has weighed on the blend’s price. Prima…
Borr Drilling announced new contract commitments
Borr Drilling announced new contract commitments for two of its premium jack-up rigs. In the Americas, the Ran has received a one-well extension with ENI in Mexico. The well has an anticipated…
Order to Equinor – technology development – use of digital well planning, automated drilling and digital twins
The Norwegian Ocean Industry Authority (Havtil) has issued a new order to Equinor following an audit of technology development and the use of digital well planning, automated drilling and digital…
Canadian Maritime Leaders Call for National Fleet and Clean Electrification Strategy amid global trade uncertainty
Video: https://youtu.be/6pIwzv3_hWM Maritime leaders from Canada’s West Coast are urging federal and provincial governments to explore the creation of a Canadian-owned commercial trading fleet and a…
Venezuela’s PDVSA asks some Joint Ventures to cut back oil output
Venezuela’s state-run oil company PDVSA is asking some joint ventures to cut back crude production amid an export paralysis, three sources close to the decision said on Sunday, adding pressure to…
EIB commits €490M to Greek link ending electrical isolation of Northeast Aegean islands
The European Investment Bank (EIB) has approved €490 million in financing for the IPTO North East Aegean Interconnection project, which will connect the islands of Lemnos, Lesvos, Chios, Samos, and…
Transocean announces contract award and extension totalling $168 Million
Transocean announced a contract award and an extension, respectively, for two of its drilling rigs. Together, the fixtures represent approximately $168 millionof firm backlog. In Brazil, the…
MOL Signs a Project Finance Agreement for FSRU Project in Singapore
-Marks Step Toward Further Growth in Offshore Business, a Key Investment Target - MOL announced the signing of a project finance agreement with a banking syndicate-including the Japan Bank for…
From Targets to Trade-Offs: Why 2026 will redefine shipping’s Decarbonisation Path
As 2025 draws to a close, the global shipping industry finds itself far from the clean-fuel sprint that many had anticipated. Despite ambitious decarbonisation targets, the year is ending with…
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