UK-based maritime technology and connectivity company Navarino Group has acquired 100% of the shares of Castor Marine, a Dutch shipping and yachting internet connectivity and IT solutions provider. The post Navarino becomes new owner of Castor Marine appeared first on Offshore Energy.

A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever. The post BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia appeared first on Offshore Energy.

Alaska Gasline Development Corporation (AGDC), the developer of a liquefied natural gas (LNG) project in the U.S. northernmost state, has signed a framework agreement with compatriot Glenfarne to privately lead and fund the development of the project. The post Alaska’s LNG project moves closer to reality after 10 years in the making, with Glenfarne as private investor appeared first on Offshore Energy.

Shell has decided to write down $400 million, citing technical and geological difficulties encountered at the petroleum exploration license (PEL) 39, as its oil discovery in the Orange Basin off the coast of Namibia cannot be confirmed for commercial development at this point. The post Namibia’s Orange Basin still oil-rich but Shell’s discovery deemed ‘commercially unfeasible’ appeared first on Offshore Energy.

The UAE-headquartered logistics heavyweight DP World has passed a “momentous” milestone, having surpassed 100 […] The post Steady growth propels DP World past 100 million TEUs handled appeared first on Offshore Energy.

From a purely technical perspective, it would be already possible today to allow inland waterway vessels to travel across rivers unmanned and remotely controlled. However, as there are still many legal hurdles standing in the way of the everyday use of such ships, German insurers have called on the government to solve them. The post Swift action needed to bring autonomous inland shipping closer to reality, German insurers say appeared first on Offshore Energy.

Shell, and its partner, Chevron, have boosted their oil and gas arsenal in the U.S. Gulf of Mexico by starting production from a deepwater project more than seven years after the original hydrocarbon discovery. The post Shell and Chevron cheer first oil as Whale song enriches energy security courtship in US Gulf of Mexico appeared first on Offshore Energy.

Described as the maritime industry’s “exceptional newbuilding year”, 2024 yielded a record number of LNG-fueled ship deliveries, according to the latest data from DNV’s AFI platform. The post DNV: LNG dominated alternative-fuel ship orderbook in ‘exceptional newbuilding’ year appeared first on Offshore Energy.

Ireland-based XOCEAN has secured €115 million in funding to support the growth in the […] The post XOCEAN closes €115 million financing to support ongoing growth appeared first on Offshore Energy.

U.S. President-elect Donald Trump has vowed to undo the offshore drilling ban, sparking a backlash from climate activists, who threaten to take the new Trump administration to court if it attempts to unravel these ocean protections. The post Legal quagmire of US offshore oil & gas drilling: Trump’s ban reversal vow clashes with ‘uphill battle’ pledges appeared first on Offshore Energy.