Subsea7 has used tugs and soft mooring lines connected to a jacket for barge docking for the first time without the deployment of anchors on the seabed to complete installation works at an oil and gas project off the coast of Saudi Arabia. The post Subsea7 employs new installation method at Aramco’s giant offshore oil & …
UK-based tidal energy company Proteus Marine Renewables (PMR) has secured a design evaluation conformity […] The post Proteus tidal turbine greenlighted, clearing the way for 2025 installation appeared first on Offshore Energy.
The UK-based oil and gas company Tower Resources has received an updated and more detailed offer for the farm-out process regarding its production-sharing contract (PSC) off the coast of Cameroon. However, the firm’s discussions with other interested players are still ongoing, thus, it expects to receive at least one more offer soon. The post One …
Norwegian shipping company Höegh Autoliners has welcomed the second multi-fuel Aurora-class pure car and […] The post Second multi-fuel Aurora-class PCTC officially joins Höegh Autoliners fleet appeared first on Offshore Energy.
Sumitomo Heavy Industries Marine & Engineering (SHI-ME) and ORIX Corporation have begun a feasibility study on utilizing wind power for energy-saving operations on one of ORIX’s bulk carriers. The post Japanese duo looking into energy-saving ship operations utilizing wind power appeared first on Offshore Energy.
Backed by recently secured funding, the Green Corridor initiative is commencing a study to […] The post With funding boost under the belt, Stena Line and partners evaluating first UK-Ireland green shipping route appeared first on Offshore Energy.
The European Energy Exchange (EEX) will introduce a new suite of freight futures and options contracts for the dry and LNG freight markets from 25 November 2024. The products comprise the new Baltic Supramax 11TC Freight Month Future, Baltic Supramax and Capsize Month Options for various routes in addition to the EEX Baltic LNG 174 …
EEX to launch new futures for dry and LNG freight markets Read More »
Onshore fuel oil stored at key trading hub Singapore recovered for a third straight week with a rise in net imports, official data showed this week. Inventories rose 2.1% to 17.95 million barrels (about 2.83 million metric tons) in the week to Oct. 16, based on data from Enterprise Singapore. Net imports, calculated by subtracting …
Singapore fuel oil stockpiles recover for third straight week Read More »
With the U.S. presidential election approaching on 5 November, the contrasting trade positions of Democratic candidate Kamala Harris and Republican candidate Donald Trump are creating uncertainty for U.S. shippers, tech companies and global supply chains. While neither candidate is a staunch proponent of free trade, Harris has signalled a cautious approach that includes maintaining some …
Traffic in the Panama Canal fell by 29 percent over the past year due to a severe drought linked to climate change, the canal’s operator said this week. The volume of cargo shipped through the canal, which links the Atlantic and Pacific oceans, was down by 17 percent in a year to 423 million tons, …
Panama Canal crossings down 29 percent due to drought Read More »
