The number of ships fueled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by the shipping industry's desire to cut emissions, a senior executive at Malaysia's Petroliam Nasional Bhd (Petronas) said on Wednesday…
An Indian court has issued a second arrest warrant for a marine refueling tanker owned by troubled UAE oil trader GP Global after it failed to make payments to its ship manager, court documents showed.On Sept. 10, the High Court of the western Indian state of Gujrat granted the vessel manager's…
Norwegian offshore vessel owner Siem Offshore has secured contract extensions for three of its vessels in Australia.The company said Wednesday that the extensions were for three large AHTS vessels.'The extension will secure work until October…
Chinese offshore oil company CNOOC has said that its first offshore wind project has started producing electricity. The company said Tuesday that its offshore wind power project had connected to the grid and begun to generate power. The 300MW…
Greek oil tanker operator Okeanis Eco Tankers has taken delivery of the Suezmax tanker “Nissos Sikinos” today.The tanker was delivered from Hyundai Samho Heavy Industries in South Korea and is the first of the two Suezmaxes that will be delivered to the company by the end of September…
Undaunted by hefty writedowns on its Australian gas assets, Royal Dutch Shell sees its liquefied natural gas business and 'new energy' acquisitions Down Under as core to its long term plans, the Australian unit's chairman said on Tuesday.As…
Thai subsea services company Mermaid Maritime has decided to sell its stake in Asia Offshore Drilling, a drilling joint venture with Seadrill, to limit its exposure to the volatile offshore drilling market.Mermaid, which owns a 33.76% in AOD…
In 1973, Arab members of the Organization of Petroleum Exporting Countries brought the U.S. economy to its knees. Now, the cartel created 60 years ago is more likely to do Washington's bidding.Since Saudi Arabia and other Arab OPEC members imposed their famous oil embargo as retribution for U…
Kazakhstan's environmental authorities will inspect an oil and gas processing plant at the country's biggest oilfield, Kashagan, after gas flaring at the plant caused plumes of black smoke on Monday, the ecology ministry said.NCOC, the consortium of global energy majors developing Kashagan…
Jack-up drilling contractor Shelf Drilling has canceled a charter deal for two jack-up rigs signed back in February 2019 with China's China Merchants.In February 2019, Shelf Drilling signed a deal to buy two CJ-46 jack-ups from China Merchants…
South Korean shipbuilding giant Hyundai Heavy Industries' Floating LNG to Power solution - Hi-FL2P - has been granted an approval in principle certificate by the global classification society Bureau Veritas.‘Hi-FL2P’ has been described as an…
Fast-growing offshore windfarms expect low carbon service operations by support vessels, but supplying and handling biofuels is a challenge and the development of ammonia and hydrogen-powered vessels still has a long way to go, ship fuel broker and trader LQM Petroleum Services said…
Russian energy company Sakhalin Energy has extended the charter for the Polar Piltun crew boat with a GC Rieber Shipping Russian affiliate.As previously reported, GC Rieber in January said that Sakhalin Energy had awarded it contract extension…
Sri Lanka has initiated repair work on the ruptured fuel oil tank in the engine room of a stricken fully loaded oil supertanker after plugging the leak, the country's Navy said.The supertanker is currently 52 nautical miles (96 kms) from the Sri Lankan coast…
Fossil fuel consumption is set to shrink for the first time in modern history as climate policies boost renewable energy while the coronavirus epidemic leaves a lasting effect on global energy demand, BP said in a forecast.BP's 2020 benchmark…
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