MSC Mediterranean Shipping Company acknowledges that it intends to enter into a settlement agreement with Amplify Energy Corp. and its affiliated entities along with the Marine Exchange and the owners, operators and charterers of one other vessel in connection with the 2021 Orange County pipeline oil spill. MSC’s agreement to enter in a settlement with …
Oil and gas majors Shell and TotalEnergies have prequalified for an offshore wind lease sale in the Gulf of Mexico. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not want to miss out on any information about Offshore Energy? …
Shell, TotalEnergies eye new projects in Gulf of Mexico and it’s not oil & gas Read More »
Oslo Stock Exchange-listed oil and gas E&P company BW Energy is anticipating a delay in the closing of the acquisition of two assets in the Espírito Santo Basin offshore Brazil, after the ongoing divestment programme of the country’s state-owned oil and gas giant, Petrobras, was suspended. FPSO Cidade de Vitória; Source: Saipem BW Energy confirmed on …
Acquisition of two Brazilian offshore clusters facing delay after being put on hold Read More »
Oil and gas company Neptune Energy has committed to the Extractive Industries Transparency Initiative (EITI) which aims to improve accountability for the revenues paid and received for a country’s oil, gas and mineral resources. Neptune Energy Neptune Energy said that becoming a formal supporting company builds on its existing commitments to transparent tax disclosure, under which the …
Collapsing ocean shipping rates are not all good news for U.S. retailers, who paid as much as $20,000 to move a container of goods during the worst pandemic disruptions, as they now are bracing for delays due to plummeting demand. Carriers like MSC and Maersk are trying to prop up prices by cancelling voyages and …
U.S. retailers’ ocean shipping price woes ending as new delays threaten Read More »
The European Union sanctioned a Dubai-based subsidiary of Russia’s state-owned shipping giant, the first time it has used new powers to hit foreign-based entities that help Moscow circumvent Western restrictions. The sanctions target Sun Ship Management, the manager of dozens of oil tankers that ferry Russian oil and natural gas around the world. The new …
Sanctions Net Widens to Catch Russia’s Mideast Oil Shipper Read More »
Greenhouse gas emissions from shipping make up roughly 2.5% of the world’s total, making the ocean freight sector a heavy contributor to the looming environmental crisis. And, unless something is done, as international trade grows this number is only likely to rise. With numerous countries around the world bringing in carbon border taxes and other …
Five green technology innovations that are transforming the shipping industry Read More »
Contour, the global digital trade finance network has today announced its strategic partnership with TradeGo, a blockchain-based commodity trading service platform that enables the secure and transparent transfer of electronic Bills of Lading (eBL). Today, the demand for digital trade finance solutions is even more pertinent. News of Trafigura’s systemic nickel fraud highlights why the …
UK-based small-scale LNG company Avenir LNG and Shanghai SIPG Energy Service (SSES), a subsidiary of Shanghai International Port Group (SIPG), have delivered LNG to ZIM Integrated Shipping Services’ first LNG-fueled containership. Courtesy of Avenir LNG According to Avenir, the 15,000 TEU ZIM Sammy Ofer was bunkered with LNG on 2 March 2023 at Yangshan Port. The …
Avenir LNG and SSES bunker ZIM’s first LNG-fueled boxship Read More »
Classification society ABS has granted approval in principle (AIP) to Value Maritime (VM) for its carbon capture system onboard seagoing vessels. Value Maritime Credit: Value Maritime The Filtree System is a prefabricated gas cleaning system that filters sulphur and 99% of particulate matter. It includes a carbon capture module that captures the CO2 onboard in …
ABS okays Value Maritime’s carbon capture system Read More »
