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Latest news

New FuelEU Maritime module added to Fuelink platform to support compliance

DigitalizationNovember 9, 2024

"Fuelink brings together real-time data and complex regulatory formulas, allowing machine learning to support accurate and transparent GHG emissions management."

Babcock awards milestone recycling contract in UK’s Submarine Dismantling Project

NavyNovember 9, 2024

Swiftsure will be the first decommissioned UK nuclear-powered submarine to be fully dismantled and disposed of.

FPSO Prosperity purchase by ExxonMobil Guyana completed

BusinessNovember 9, 2024

The purchase allows ExxonMobil Guyana to assume ownership of the unit while SBM Offshore will continue to operate and maintain the FPSO up to 2033.

Trafigura signs long-term natural gas agreement with NuVista Energy Ltd

Oil & GasNovember 9, 2024

Trafigura has signed a long-term natural gas agreement with NuVista Energy Ltd., a leading producer of condensate-rich natural gas in the Montney formation in the Alberta Deep Basin, Canada.

Equinor strengthens its position in the Norwegian Sea

Oil & GasNovember 8, 2024

Equinor has signed an agreement to acquire Sval Energi’s 11.8% share in the Halten East Unit. With this acquisition, Equinor increases its ownership to 69.5%.

Sweden cancels 13 offshore wind power projects due to potential Russian threat

Wind EnergyNovember 8, 2024

On Monday, November 4, the Swedish government announced, to the surprise of many, the cancellation of 13 offshore projects with a total capacity of 32 GW, all located in the Baltic Sea.

Crystal signs order with Fincantieri for third ocean ship

NewBuildsNovember 8, 2024

Crystal has announced the finalization of an order with renowned Italian shipbuilder Fincantieri for construction of a third ocean ship.

Friday Shipbrokers fix chartering project with Boskalis to transport car carrier to China for repair

GeneralNovember 7, 2024

This project entails transporting the vessel—famously damaged by fire last year—aboard Boskalis' semi-submersible heavy lift flagship, the BOKA Vanguard, for necessary repairs and modifications in Asia.