Greenhouse gas emissions capture and storage may be a more practical alternative to emissions reduction for meeting the IMO’s 2050 CO2 target. Tom Mulligan reports.Shipping emits close to 1 billion tons of CO2 each year and the shipping industry…
Southeast Asia-focused oil company KrisEnergy has agreed to transfer its Block 115/09 offshore Vietnam to an undisclosed international oil company.Debt-laden KrisEnergy said it would transfer its entire 100% working interest in Block 115/09 for nominal cash consideration…
Kongsberg Maritime AS has signed an agreement to sell its underwater technology subsidiary company Hydroid, Inc. for $350 million to shipbuilder Huntington Ingalls Industries (HII). In conjunction with the transaction, HII and Kongsberg Maritime…
Trinidad and Tobago has canceled an agreement with Venezuela for the joint development of a natural gas field straddling their maritime border because of U.S. sanctions on Venezuela's state energy company PDVSA. The Caribbean island nation is a major exporter of liquefied natural gas (LNG)…
KrisEnergy has hired the Dutch offshore survey services provider Fugro to carry out a geotechnical survey at the Apsara oil field, offshore Cambodia.The Apsara field lies over the Khmer Basin, an unproduced geological basin in Cambodian maritime waters in the Gulf of Thailand…
OSM Maritime Group, the provider of full service solutions to the Offshore and Maritime Industry, announced that it has appointed Tommy Olofsen as the Chairman.Tommy will in his new role, in addition to his current responsibilities, be responsible for strategic development…
Liquefied natural gas producer ConocoPhillips announced new production sharing contracts with East Timor for the ageing Bayu Undan gas field on Saturday, following the implementation of a new maritime border with Australia.The gas condensate deposit in the Timor Sea…
Chinese President Xi Jinping said China and the Philippines could take a 'bigger step' in the joint development of oil and gas resources in the South China Sea if they can 'properly' handle their dispute over sovereignty.Xi made the remarks…
Maritime Developments (MDL), a provider of back-deck equipment for the subsea sector, has completed a flexible installation project in the North Sea with i-Tech 7, Subsea 7's Life of Field business unit – marking a return to the field two years after the original award…
The New York State Energy Research and Development Authority (NYSERDA) has selected five multiyear projects that will further study environmental and commercial fishing topics in support of responsibly developing offshore wind.The projects totaling more than $2 million advance Governor Andrew M…
Maritime Developments (MDL), a provider of back-deck equipment for the subsea sector of oil and gas industry, has been awarded a contract to supply a complete pipelay spread and personnel for a flexible installation offshore Equatorial Guinea…
Maritime Developments (MDL) said it has added a horizontal lay system (HLS) to its rental fleet following a double project award from a new client in the North SeaThe HLS is designed to work in conjunction with the complete range of MDL 2-track…
Maritime Developments (MDL) said it has been awarded a follow-up flexible and umbilical installation job offshore West Africa.The work scope is a continuation of the EN-09 project, concluded in April 2019. The project is run by DeepOcean Ghana…
Dutch maritime contractors Van Oord and heavy lifting and transport specialist Mammoet are cooperating with Australian start-up Verton to design a new lifting method for installing wind turbine blades.The technology specialist was scouted after…
In April, Maritime Developments (MDL) concluded a flexible installation project offshore West Africa. The work scope, commissioned by DeepOcean, saw the MDL third-generation reel drive system (RDS) used on board the Polar Onyx for installation of a 2…
Subscribe
