DNV has enhanced its Alternative Fuels Insight (AFI) data platform as part of an effort to accelerate the decarbonization of shipping. The upgrade includes the addition of new fuel types, improved fuel price monitoring supported by Argus, and a crowdsourcing feature to gain input from its users. Our recent upgrade of the AFI platform is …
The UP World LNG Shipping Index (UPI), the world’s only stock index focused on LNG shipping companies, gained 1.41% last week. U.S. stocks represented by the S&P 500 (SPX) index gained 1.39%. Growth could have been better, but the palette of movement of individual companies was quite varied. Two companies reached over five percent, but …
LNG shipping stocks: Growth after two weeks of decline Read More »
In 2021, PALFINGER MARINE was commissioned with the fabrication and maintenance (F&M) of one of the world’s largest oil fields, the Al-Shaheen in Qatar. The contract has recently been extended for two more years and will further expand the company’s market presence in the Arab economic area. Salzburg, Austria on March 28, 2023 More than …
PALFINGER: Offshore Platforms Fit for the Future Read More »
Refining margins for high sulphur fuel oil (HSFO) rose to nine-month highs as of Tuesday, supported by expectations of potentially less exports from Russia, as well as firmer seasonal demand for power generation. The front-month 380-cst HSFO crack climbed to a discount of $12.82 a barrel at the Asia close (0830 GMT). Russia is expected …
Dutch FPSO operator SBM Offshore has revealed that a floating, production, storage and offloading (FPSO) vessel, which will work for ExxonMobil off Guyana upon completion, recently entered drydock at the Keppel yard in Singapore. FPSO One Guyana drydocking at Keppel shipyard; Source: SBM Offshore Back in October 2022, SBM Offshore confirmed the construction of topside modules for the …
WATCH: FPSO destined for ExxonMobil’s project off Guyana enters drydock Read More »
Jiangnan Shipyard, a subsidiary of China State Shipbuilding Corporation (CSSC), has entered into shipbuilding contracts with compatriot insurance conglomerate China Taiping Insurance Holdings for the construction of two LNG carriers. Illustration. Courtesy of Jiangnan Shipbuilding According to the stock exchange filing, China Taiping Insurance signed the shipbuilding contracts through its subsidiaries, Taiping & Sinopec Financial Leasing (TSFL) and …
Jiangnan Shipyard receives $470 million order for two LNG carriers Read More »
Norwegian state-owned energy giant Equinor has inked a strategic collaboration agreement with Transocean and added more work to the backlog of the offshore drilling contractor’s two semi-submersible rigs, which will continue to carry out operations offshore Norway. Transocean Enabler rig; Credit: Jan Arne Wold/Equinor Equinor reported on Tuesday, 28 March 2023, that it had handed …
Governments around the world are advancing carbon reduction goals to help mitigate against concerns arising from climate change. As industries strive to meet the goals set by governments, they will continue to seek alternative sources of power besides traditional fossil fuels. Offshore wind power generation is a promising source of renewable energy and will support …
Offshore wind service vessels: opportunities and challenges Read More »
CSS Subsea has entered into a charter agreement with GO Offshore for a construction support vessel (CSV) used for supporting inspection, maintenance and repair works at oil & gas and renewables projects. Source: CSS Subsea CSS Subsea will take delivery of the CSV GO Supporter in early April and the vessel’s first project will be …
Construction support vessel adds Prysmian and Saipem to its to-do list Read More »
Taiwan’s state-owned oil and gas company CPC has selected Japanese engineering firm JFE Engineering Corporation for the construction of large-scale liquefied natural gas (LNG) terminal. Courtesy of JFE Engineering Corporation On 28 March, JFE Engineering said it secured a contract for the design, procurement, construction and commissioning (EPCC) support for the LNG terminal to be …
Japan’s engineering firm scores $230 million deal for Taiwan LNG terminal Read More »
