Malaysian company Yinson has secured a firm contract to provide and maintain an FPSO for Azule Energy, a BP-Eni joint venture, in Angola.The contract, awarded by Eni Angola, is for the provision of the FPSO for the Agogo Integrated West Hub Development Project in Angola (“FPSO Agogo”).According to Yinson, the contract is worth about $5.
The U.S. Bureau of Ocean Energy Management (BOEM) said Friday that it would hold an oil and gas lease sale in the Gulf of Mexico in March 2023.The Gulf of Mexico Oil and Gas Lease Sale 259 will offer approximately 13,600 blocks on 73.3 million acres in the Western, Central, and Eastern Planning Areas on the U.S. Outer Continental Shelf.
At least three proposed U.S. liquefied natural gas (LNG) export plants have likely found enough customers to receive financial approvals this year, according to Reuters calculations, developments that would make the country the world's largest LNG exporter for years to come.After a dearth of plant approvals last decade
The November edition of Marine News magazine highlighted the most notable newbuilds delivered in 2022. From sturdy and nimble workboats, to the first new Jones Act laker in a generation, each vessel on display showcases the industry’s engineering prowess and technological ingenuity, with the focus on improving efficiency in operations.
Multinational defense contractor and shipbuilder BAE Systems announced it has been awarded a £4.2 billion (approx. $5 billion) contract from the U.K. Ministry of Defense to build the next five City Class Type 26 frigates for the U.K. Royal Navy in Glasgow.Ships of the class will be advanced warships designed for anti-submarine warfare and high-intensity air defense
The Port of Corpus Christi reports it set another tonnage record in the third quarter of 2022, driven in large part by record exports of crude oil.The new quarterly tonnage record of 48.3 million tons surpassed the previous tonnage record set in the second quarter of 2022 of 46.4 million tons, a 4% increase on overall tonnage.
The U.S. Gulf of Mexico, best known to the offshore energy industry as an oil and gas province, is for the first time opening its doors to the offshore wind industry, with the U.S administration on Monday designating two areas for offshore wind development in the region.The U.S. Bureau of Ocean Energy Management (BOEM) on Monday said it had finalized two Wind Energy Areas (WEAs) in the Gulf of
Rhode Island-based offshore wind farm crew transfer vessel company Atlantic Wind Transfers has ordered six crew transfer vessels to be built at St. Johns Ship Building in Palatka, Fla. The first two vessels, of the Chartwell Ambitious-class design, are expected to be delivered in the summer of 2023 and January 2024, with four further builds in the pipeline. The 25.
The Biden administration on Wednesday said it had identified 700,000 acres for possible offshore wind energy development in the Gulf of Mexico, seeking to expand a growing clean energy industry to a major U.S. oil and gas hub.It also said President Joe Biden would direct his Interior Department to move ahead with offshore wind development in areas of the Atlantic coast where former President
Belgian offshore installation contractor DEME said Saturday that the "revolutionary" offshore installation vessel Orion officially joined its fleet.This next-generation vessel is equipped with a powerful 5,000-tonne crane and is designed to handle the massive turbines and foundations of the future.
Like every sector of cargo and passenger shipping, “digitalization”—where computerized processes are replacing onboard routines previously handled manually— is an ongoing trend coastwise, on the waterways and harbors. Regulatory compliance, especially with Subchapter M for towing vessels
Nine tankers carrying Russian-origin crude and fuel oil have discharged in the United States in April, likely the last ones to deliver before a wind-down set by Washington expires this week, customs and tanker tracking data showed.The United States last month set an April 22 ban on imports of Russian crude and refined products.