In a bid to strengthen its position in the Baltic Sea, Swedish ferry company Stena Line has acquired Wasaline. The post Stena Line takes over world’s northernmost shipping company appeared first on Offshore Energy.
The UK should act now to secure its place at the forefront of the new global space race, says a UK government-commissioned report out today. The report, by the cross-party House of Lords UK Engagement with Space Committee, is called The Space Economy: Act Now or Lose Out. It states that space and satellites are transforming lives, and dramatic falls in launch costs, coupled with rapid innovation in satellite design, have opened a new frontier which promises economic, scientific, and security benefits for a range of sectors, including industrial gases, which are crucial to every single space launch. Among the recommendations to the government are: Provide clear strategic direction by publishing detailed, funded delivery plans for national space capabilities Prioritise multi-use technologies by investing in systems that serve both national security and commercial growth Appoint a… Read More »UK urged to seize space economy opportunities | Cryogenics & Cryogenic Solutions
C40 Cities, a worldwide network of major cities’ mayors working to tackle the climate […] The post C40 Cities, IAPH, IFC unveil sustainability-linked loan for ports to tackle ‘critical’ funding gap appeared first on Offshore Energy.
Abu Dhabi National Oil Company (ADNOC) has struck a multi-year liquefied natural gas (LNG) offtake deal with Shell International Trading Middle East Limited FZE, a wholly-owned subsidiary of the UK-based Shell, for its low-carbon LNG project, currently under development in the United Arab Emirates (UAE). The post Shell lines up 15-year offtake from ADNOC’s mega LNG project appeared first on Offshore Energy.
Inpex Idemitsu Norge, a subsidiary of Japan’s Inpex, has completed the acquisition of three assets in Norwegian waters from Norway’s oil and gas company Pandion Energy. The post Inpex adds three assets to Norwegian portfolio appeared first on Offshore Energy.
By Sahil Kochhar, Commercial Manager, Miros Monitoring, understanding and responding to vessel motion is […] The post A step change, from historical RAOs to live vessel motion measurements appeared first on Offshore Energy.
Ocean services provider DeepOcean has signed a heads of terms agreement with Saudi Arabia-based […] The post DeepOcean and Saudi partner to form joint venture for subsea work in Middle East appeared first on Offshore Energy.
Foreseeing no financing woes to hinder its progress, Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, is eyeing refinancing opportunities for two floating production, storage, and offloading (FPSO) units with new project bonds on the cards next year. The post Yinson Production’s CFO: Two new project bonds on the 2026 horizon to refinance FPSO duo appeared first on Offshore Energy.
XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has set the wheels in motion to join Southern Gas Corridor (SGC) CJSC, which delivers gas resources from the Azerbaijani sector of the Caspian Sea to the European market. The post UAE and Azerbaijan strengthen ties as ADNOC’s XRG expands Caspian Sea footprint appeared first on Offshore Energy.
Andorra’s marine battery manufacturer AYK Energy has wrapped up a battery renewal deal for […] The post AYK Energy marks battery renewal project on Svitzer’s diesel-electric tug quartet as complete appeared first on Offshore Energy.