Oil and gas major ExxonMobil on Wednesday announced two new oil discoveries offshore Guyana, at Fangtooth and Lau Lau wells, adding to previous recoverable resource estimate of 10 billion oil-equivalent barrels.The Fangtooth-1 well, drilled with the Stena DrillMAX drillship, encountered approximately 164 feet (50 meters) of high-quality oil-bearing sandstone reservoirs.
Oil company Taylor Energy Co LLC agreed to transfer a $432 million cleanup trust account to the U.S. government and pay an additional $43 million to resolve a lawsuit over its role in the longest-running oil spill in U.S. history under a proposed deal filed in New Orleans federal court on Wednesday.
The Flying Buttress once glided across the oceans carrying vital commodities like grain to all corners of the world.Now it bears a different treasure: Paw Patrol Movie Towers, Batmobile Transformers and Baby Alive Lulu Achoo dolls.The dry bulk cargo ship has been drafted into the service of retail giant Walmart
U.S. oil major ExxonMobil has made another oil discovery at the prolific Stabroek offshore block in Guyana. This adds to around nine billion barrels of oil equivalent discovered over the past few years and paves way for future development.The discovery was made at Whiptail-1 well at the 6.6 million acres (26,800 square kilometers) offshore block.
The U.S. Navy uses unmanned and robotic underwater vehicles for a multitude of functions, including environmental sensing, mine hunting, and salvage. The Navy plans to evolve an unmanned systems operating concept that is platform agnostic and capable of operating in highly complex contested environments with minimal operator interaction.
When the maritime history books are written, 2020 will be viewed as a year of pivots, re-invention and new paradigms. By February 2020, concerns about marine fuel’s sulfur content quickly shifted to near-term disruptions induced by the COVID-19 pandemic. By mid-year, with demand recovering
A group of maritime industry and technology experts in Germany is working on a project to unlock remote control capabilities for safer and more efficient harbor tug operations.Backed by the German Federal Ministry for Economic Affairs and Energy (BMWi), the project is being led by Voith in partnership with the Hamburg University of Technology
Japan's Nakashima Propeller Co. has taken a majority stake in the German shipbuilding supplier Becker Marine Systems GmbH.“We have gotten to know Nakashima Propeller as a much respected and reliable partner through decades of cooperation,” said Dirk Lehmann and Henning Kuhlmann, the two managing directors at Becker Marine Systems
For a week the world was gripped by the extraordinary sight of a massive container ship that had run aground in the Suez Canal in Egypt. The Ever Given is 400m long (1,312ft) and weighs 200,000 tonnes, with a maximum capacity of 20,000 containers. It was carrying 18,300 containers when it became wedged in the canal, blocking all shipping traffic.
Spanish shipbuilder Gondan said it received last week at its main facilities in Castropol, Asturias, the first two electric Voith Schneider Propellers (eVSP) ever manufactured. They will be soon installed in the new offshore wind service operation vessel (SOV), being built for Norwegian shipping company Østensjø Rederi A/S.
With DNV GL certification obtained in February 2021, the COBRA battery system from Becker Marine Systems can be used for a wide range of inland waterway and maritime shipping applications, and due to demand, Becker is expanding COBRA production at its Winsen (Luhe) location.Tailor-made for maritime
Hyundai Global Service (HGS), the aftercare division of shipbuilder and engine maker Hyundai Heavy Industries, has teamed up with ABB Turbocharging to offer an engine part-load optimization (EPLO) service for shipowners seeking to cut emissions in line with the International Maritime Organization’s (IMO) requirements.