Norwegian oil and gas company Equnior has made a final investment decision for the development of the Bacalhau field offshore Brazil.The development of the field located in the Santos Basin will cost around $8 billion. Arne Sigve Nylund, Equinor’s executive vice president for Projects, Drilling, and Procurement said: "This is an exciting day.
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters.Russian energy company Gazprom and its western partners are racing to build the pipeline to take Russian gas to Germany under the Baltic Sea
Hensoldt UK announcde the supply of Kelvin Hughes Mk11 X Band SharpEye navigation radars to two Polish Navy Kormoran II-class minehunters. ORP Albatros and ORP Mewa were built by Remontowa Shipbuilding S.A. shipyard in Gdańsk, Poland.Installed in conjunction with an OSI Maritime Systems integrated navigation bridge system
Oil prices jumped about 3% on Friday, hitting their highest levels in over a year, following a stronger-than-expected U.S. jobs report and decision by OPEC and its allies not to increase supply in April.Brent futures rose $2.10, or 3.2%, to $68.84 a barrel by 11:25 a.m. EST (1625 GMT). Earlier in the session, the global benchmark hit its highest since January 2020.U.S.
The U.S. Federal Maritime Commission (FMC) on Thursday announced the membership of its newly formed National Shipper Advisory Committee.The committee is comprised of 24 members, evenly divided between those who export cargo from and those who import cargo to the United States, that will advise the commission on policies relating to the competitiveness, reliability
Jones Act marine transportation provider Vane Brothers announced it has taken delivery this month of the third in a series of four 3,000-horsepower push tugs. Named the Rock Hall, Vane’s newest addition is the nineteenth Maryland-built towing vessel to join the Baltimore-based company’s fleet since 2008.
America's largest military shipbuilding group Huntington Ingalls Industries (HII) said its Ingalls Shipbuilding division plans to hire approximately 3,000 full-time shipbuilders.Ingalls’ talent acquisition team has been recruiting across Mississippi, Alabama and Louisiana, and will return to Pascagoula on June 10 to host a hiring event at Ingalls’ new human resources building.
The members of the American Waterways Operators, the national tugboat, towboat and barge industry association, elected a new slate of leaders last week during the association's Spring Board of Directors / Annual Membership Meeting.Del Wilkins, President of Illinois Marine Towing, Inc.
Oil prices jumped 2% on Friday after three days of losses, driven higher as a storm formed in the Gulf of Mexico, but were on track for a weekly fall as investors braced for the return of Iranian crude supplies after officials said Iran and world powers made progress a nuclear deal.Brent crude futures rose $1.33, or 2%, to $66.36 a barrel by 1:06 p.m. ET (1606 GMT), while U.S.
The UK Maritime and Coastguard Agency's (MCA) future oil spill response plan will be informed by a new report that maps out possible threats to the UK's coastal areas, marine life, and traffic as a result of hydrocarbon releases from energy industry operation and shipping.The report on the review of the hydrocarbon release risk on the UKCS over the next decade was delivered for the MCA
Vane Brothers said it has taken delivery of its new 3,000-horsepower model bow tug Cape Henry from Chesapeake Shipbuilding.Cape Henry is a true sister tug of the Cape Fear, which was delivered to Van Brothers in October 2020. Both model bow tugs are primarily tasked with towing petroleum barges engaged in the Northeast and Mid-Atlantic coastwise trade.
Vane Brothers said it has taken delivery of the 3,000-horsepower Cape Fear, the 17th Maryland-built tugboat to join the Baltimore-based marine transportation provider’s fleet.Since 2008, 15 3,000-horsepower, model-bow tugboats have been delivered to Vane Brothers by Chesapeake Shipbuilding and Naval Architects of Salisbury, Md.