NYK Energy Ocean (NEO), a newly established subsidiary of Japanese shipping company NYK focused on operating LPG carriers, chemical and product tankers, and cargo ships, has officially commenced operations. The post NYK bolsters LPG carrier business with new subsidiary up and running appeared first on Offshore Energy.
Norwegian FPSO operator BW Offshore has reached an arbitration settlement with Prio Comercializadora, previously known as Petro Rio O&G Exploração e Produção de Petróleo, concerning a floating production, storage, and offloading (FPSO) vessel. The post BW Offshore’s arbitration saga with Brazilian firm ends in settlement appeared first on Offshore Energy.
Canada-headquartered marine technology player Kraken Robotics has completed the acquisition of 3D at Depth, […] The post Kraken wraps up $17 million purchase of US underwater LiDAR technology company appeared first on Offshore Energy.
TotalEnergies has decided to break off a deal for a drilling assignment, which a jack-up rig owned by Shelf Drilling, a UAE-headquartered offshore drilling contractor, is carrying out in the North Sea off the coast of Denmark. The post TotalEnergies cuts short Shelf Drilling rig’s North Sea gig appeared first on Offshore Energy.
Richard Griffiths of UK-based industrial gas company BOC and Caitlin Sargeant of UK-headquartered hydrogen solutions developer Hykit have been appointed chairs of two technical subcommittees (TSCs) at the British Compressed Gases Association (BCGA), a trade association for industrial, medical and food gases. Griffiths will lead TSC1 – Cryogenics & Pressure Systems, which covers the design, operation and testing of pressure systems. He succeeds Jon White. “Our focus is to provide clear, competence-based guidance for those working with pressure systems,” said Griffiths. “This shift away from prescriptive language reflects the need for flexibility based on technical understanding.” Sargeant will Chair TSC9 – Hydrogen & Other Gaseous Fuels, which is responsible for hydrogen and other alternative fuel matters. She takes over from David Hurren. “I aim to support working groups in identifying gaps in current best practice… Read More »BCGA names new chairs to hydrogen and cryogenics committees | New Appointments
After a series of unilateral tariff measures, the US is set to introduce a reciprocal global system which President Donald Trump believes will boost American wealth but has left economists fearing will usher in a global recession – that could come back to US shores. Holding a chart on the Oval Office lawn, the President went through each country, explaining why they had received higher tariffs or the baseline 10%, which will swing into effect on Saturday (5 April). Trump said they were “kind reciprocal tariffs”, with charges based on half of those imposed on the US, according to the country’s calculations. Vietnam (46%) and China (34%) receive the highest rates but Thailand (36%), Taiwan and Indonesia (both 32%), India (26%), Japan (24%) and the EU (20%) will all see their trade heavily impacted. The… Read More »Highest US tariffs in a century send global shockwaves | United States
Aker BP has decided to prolong its alliance agreement with SLB and Stimwell Services in a bid to speed up and increase oil production by keeping the Well Intervention and Stimulation Alliance busy for five more years. The post Quest to boost oil production sets SLB and Stimwell up for five more years with Aker BP appeared first on Offshore Energy.
Chilean towage services provider SAAM Towage and Texas-based Caterpillar Marine have signed a memorandum of understanding (MOU) to evaluate and implement alternative power solutions to diesel, including electrification and alternative fuels such as methanol and ethanol, for the tug fleet. The post SAAM Towage, Caterpillar Marine team up to boost electrification and green fuels uptake appeared first on Offshore Energy.
Spanish shipping and chemicals company Forestal del Atlántico and Germany’s chemical manufacturing player BASF have […] The post BASF to supply gas treatment solution for Forestal’s Triskelion project appeared first on Offshore Energy.
BP Trinidad and Tobago (bpTT), a subsidiary of the UK-based energy giant BP, has delivered first gas at its project offshore Trinidad and Tobago. The post Trinidadian field goes live as BP’s second ‘major’ gas project this year appeared first on Offshore Energy.