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New framework agreement with ConocoPhillips takes Subsea7 to Norway
Subsea7 has secured a contract with U.S. energy giant ConocoPhillips for a front-end engineering […] The post New framework agreement with ConocoPhillips takes Subsea7 to Norway appeared first on Offshore Energy.
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Japan consortium to seek ‘deeper’ pathways toward a carbon-neutral future
A consortium consisting of seventeen Japanese organizations has jointly launched a social collaboration program […] The post Japan consortium to seek ‘deeper’ pathways toward a carbon-neutral future appeared first on Offshore Energy.
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Petrovietnam and Gazprom outline drilling plans to boost gas production off Vietnam
The Vietnam National Industry – Energy Group (Petrovietnam) has held a meeting with Russia’s energy giant Gazprom to discuss energy cooperation between the two countries. The post Petrovietnam and Gazprom outline drilling plans to boost gas production off Vietnam appeared first on Offshore Energy.
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MAN ES’ dual-fuel, methanol-ready GenSet passes type approval test
MAN Energy Solutions (MAN ES) has passed the type approval test (TAT) of its MAN L35/44DF engine for use as an auxiliary GenSet and for electric propulsion, operating at constant speeds of 720 and 750 rpm, respectively. The post MAN ES’ dual-fuel, methanol-ready GenSet passes type approval test appeared first on Offshore Energy.
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California’s first of three offshore platforms back in oil production business after 10 years
Sable Offshore, a Texas-based oil company, has restarted oil output from a platform off the coast of California, where production has been offline for a decade. The post California’s first of three offshore platforms back in oil production business after 10 years appeared first on Offshore Energy.
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LNG Shipping Rates Declining, as LPG Surge Higher
The LNG freight market has seen a steady decline in rates this week across both basins. The Pacific spot earnings has eased slightly whereas the Atlantic’s rate performance has not been so subtle. On the BLNG1 Australia to Japan route, 174k cbm vessels have eased from $22,800 per day to $22,600 per day, while 160k…
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Resumption of Red Sea traffic likely to pressure European oil product markets: analysts
A resumption of Red Sea traffic could lead to more oil flows from the Middle East to the West-Suez markets and put downward pressure on Europe’s refined product markets, according to analysts, even as the impact is expected to be drawn out, with shipowners taking a cautious stance over maritime safety. While many ship operators…
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China to US ocean cargo bookings surge nearly 300% after tariff truce
Ocean cargo bookings from China to the United States have surged nearly 300 per cent after both countries agreed to suspend tit-for-tat tariffs for 90 days, container-tracking service provider Vizion reported. The most recent seven-day booking average for shipments from China to the US reached 21,530 twenty-foot equivalent units (TEU), up from 5,709 TEU for…
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Vitol brings bunkering by barge to the West Africa (WAF) market
Vitol bunkers has started supplying bunkers by barge to the WAF region; with initial deliveries of VLSFO and MGO, and plans to expand to offer the full spectrum of marine fuels. Bunkering by barge offers flexibility of location, taking place wherever there is a need, including Dakar and offshore Lomé. Adding to the already significant…
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2025 International Day for Women in Maritime: An ocean of opportunities
IMO Secretary-General underscores women’s potential to transform ocean industries. This year’s International Day for Women in Maritime, celebrated annually on 18 May, will spotlight pathways for women’s leadership, participation and impact in the global ocean economy. Shipping carries more than 80% of global trade in goods and is essential to everyone on the planet. However,…