Norwegian vessel owner DOF Group has terminated the contract for its subsea vessel Skandi Implementer in […] The post DOF terminates vessel contract in Mexico due to payment default appeared first on Offshore Energy.
Following a turnkey CCS retrofit by Seatrium, Clipper Eris, the ethylene carrier owned by Solvang, is set to commence pilot testing. The post ‘World’s first’ ship with full-scale onboard CCS ready for pilot testing appeared first on Offshore Energy.
On January 15, 2025, COSCO Shipping’s heavy lift vessel Zhi Yuan Kou arrived at the Project ONE site in Antwerp with a cargo of first furnaces, representing an important step for the Port of Antwerp-Bruges and the European chemical sector. The post Project ONE: Giant plant modules arrive in Antwerp on board COSCO ship appeared first on Offshore Energy.
Norway’s Electromagnetic Geoservices (EMGS) has been awarded a contract for a controlled-source electromagnetic (CSEM) […] The post EMGS lands $10M deal for offshore survey in India appeared first on Offshore Energy.
Norway-based classification society DNV has launched a new family of class notations that aim […] The post DNV: New autonomous shipping class notation family sees light of day appeared first on Offshore Energy.
Trafigura, in collaboration with CF Industries, has completed the ‘first-ever’ co-loaded ammonia and propane shipment operation from the U.S. to Europe. The post Trafigura wraps up ‘first-ever’ co-loaded ammonia and LPG shipment appeared first on Offshore Energy.
Energy giant bp is cutting 5% of its global workforce to save costs. The reductions, amounting to around 4,700 jobs as well as 3,000 contractor roles, were announced in a staff memo. The company has around 90,000 workers globally and 16,000 in the UK. The drop in head count comes as the company wants to become ‘simpler, higher value’ entity, with more emphasis on digital. bp stopped 18 early-stage hydrogen projects as it posted its weakest quarterly profit in almost four years in October. The energy major’s underlying profit for July-September was $2.2bn, down from $3.3bn in the third quarter of 2023, while in the first nine months in 2024 it totalled $7.7bn, down from $10.8bn in the corresponding period last year. bp recently began flowing gas from wells at the GTA Phase1 liquefied natural… Read More »bp to cut 5% of global workforce | People
Estonian clean energy technology manufacturer Elcogen has secured a €5 million investment from SmartCap, a venture capital fund supporting Estonian greentech companies. The post SmartCap’s €5 million investment to support Elcogen’s growth appeared first on Offshore Energy.
Borr Drilling has confirmed a temporary suspension of operations notice for a jack-up rig trio working off the coast of Mexico, South America. The post Three Borr rigs hit the brakes on drilling ops in South America as new suspension comes appeared first on Offshore Energy.
Product tanker newbuild deliveries are expected to reach 12 million deadweight tonnes (dwt) in 2025, with deliveries set to jump 256% compared to the 3.4 million dwt delivered in 2024, shipping association BIMCO revealed. The post Product tanker deliveries to jump 256% in 2025 appeared first on Offshore Energy.