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BIMCO: Containership orderbook skyrockets to new record high of 8.3M TEU

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The global containership order book hit a new record in 2024 as the sector prepares to replace aging ships that are not compliant with new environmental regulations. On the other hand, the scrapping volumes are steadily declining, falling in the last three years well below average figures. The post BIMCO: Containership orderbook skyrockets to new record high of 8.3M TEU appeared first on Offshore Energy.

Hibiscus taps Tanjung for work on Vietnam-Malaysia shared block

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Tanjung Offshore Services, a subsidiary of Malaysia’s T7 Global, has won a contract with Hibiscus Oil & Gas Malaysia, an affiliate of Malaysia’s Hibiscus Petroleum, for the provision of maintenance, construction, and modification (MCM) services at a block within the overlapping territorial waters between Malaysia and Vietnam. The post Hibiscus taps Tanjung for work on Vietnam-Malaysia shared block appeared first on Offshore Energy.

ADNOC L&S acquires 80% stake in Navig8 for $1.04 billion

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In a deal worth $1.04 billion (AED 3.8 billion), ADNOC Logistics and Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has acquired an 80% stake in Navig8 TopCo Holdings, a provider of shipping management services. The post ADNOC L&S acquires 80% stake in Navig8 for $1.04 billion appeared first on Offshore Energy.

ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025

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With nearly $55 billion committed to the development of six government-sanctioned projects, ExxonMobil is going to remain hard at work during 2025 to develop the oil and natural gas resources at the Stabroek block off the coast of Guyana. The post ExxonMobil to stay busy with Guyana’s deepwater oil & gas development ops in 2025 appeared first on Offshore Energy.

Port of Açu and Yamna to develop green ammonia plant in Brazil | Ammonia

Port of Açu Operações (Port of Açu) and YamnaCo have signed a land reservation agreement in the new hub for low-carbon hydrogen and its derivatives in the port industrial complex of Port of Açu in the northeast of Rio de Janeiro State to develop a green ammonia project. The port is reserving 2m sqm for green hydrogen projects and the new area adds to the 1m sqm already licensed. The deal opens up the prospect of a green hydrogen and ammonia corridor linking Brazil with Belgium. Yamna, targeting a production capacity of up to one million tonnes per year (mtpa), expects to reach the final investment decision by 2027 and start producing its first green molecules in 2030. Privately owned by Prumo Logística and Port of Antwerp-Bruges International, Port of Açu is one of Brazil’s… Read More »Port of Açu and Yamna to develop green ammonia plant in Brazil | Ammonia

NuProShip project aims to enliven nuclear propulsion in deep sea shipping

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Three different nuclear reactor concepts within the Generation IV domain are being studied as part of the Norwegian Nuclear Propulsion in Shipping (NuProShip) project which explores nuclear propulsion for the maritime sector. The post NuProShip project aims to enliven nuclear propulsion in deep sea shipping appeared first on Offshore Energy.