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
U.S. energy firms this week added the most oil and natural gas rigs in a week since April as rising oil prices prompt more drillers to return to the wellpad.The oil and gas rig count, an early indicator of future output, rose 13 to 601 in the week to Jan. 14, its highest since April 2020, said Baker Hughes in its weekly report. The total count was up 228, or 61%, over this time last year.U.S.
Hensoldt introduced its new Manta NEO X band radar system for the commercial shipping market in Rotterdam @ Europort.The Manta NEO X band radar -- designed for all types of ships from workboats up to tankers and cruise ships -- uses CHIRP pulse compression and beam sharpening technology, promising low through life costs as there is no magnetron to replace.
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.
Oil major Royal Dutch Shell's clean energy unit will provide renewable energy credits (REC) to oilfield firm Baker Hughes' facilities in United States for a two-year period, the companies said on Wednesday. The move comes as climate activists, investors, banks and some governments mount pressure on oil and gas companies to announce net zero emission targets and explore ways to move away from
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.
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.