TechnipFMC said on Thursday it plans to wrap up its separation into two independent, publicly traded companies later this month. Namely, the last day of trading of TechnipFMC shares that include the right to receive Technip Energies shares on the New York Stock Exchange and Euronext Paris stock exchange will
Titan LNG, a Dutch independent LNG supplier, has chartered the Green Zeebrugge LNG bunkering vessel on a long-term deal starting February 2021. Courtesy of Titan LNG The 5,200-cbm vessel, previously known as Engie Zeebrugge, has been chartered from NYK Line. Titan LNG on Thursday said it will use the vessel
The Finnish technology group Wärtsilä and Germany-based SAACKE Marine Systems signed a strategic partnership agreement to offer solutions for seagoing vessels, offshore plants, and LNG tankers. Inert Gas Systems; Courtesy of Wärtsilä The agreement’s goal is to strengthen the ability of the companies to offer a comprehensive range of technology
Russia’s Rosneft oil company and oil major BP signed an agreement to collaborate on carbon management and sustainability activities. Courtesy of BP The strategic collaboration agreement builds on the partnership between the two companies and confirms key elements of their collaboration on work to identify carbon reduction activities and low
Oil major Shell recorded an 87 per cent decrease in its fourth quarter of 2020 adjusted earnings due to lower oil and gas prices and production volumes. Despite these results, Shell has said it will raise its dividend. Shell said in its quarterly report on Thursday that the income attributable
Spanish energy companies Naturgy and Enagás are studying the production of green hydrogen from a 250-megawatt offshore and a 100-megawatt onshore wind farm in Asturias, a region of northwest Spain. Courtesy of Enagás The project forecasts developing electrolysis and renewable energy plant with the construction of an onshore and an
Panama Canal has hit a new record for the transit of liquefied natural gas (LNG) in January. Courtesy of Panama Canal The Panama Canal Authority reported a total of 58 vessels transited the Neopanamax locks, totaling 6.74 million tons. This compares to 54 LNG tankers that transited the canal in
Outlook for the offshore engineering, procurement and construction (EPC) market in 2021 looks promising, boosted by projects deferred from 2020, according to market research provider Westwood. With a forecast of $29 billion firm or already awarded contracts and a further $16 billion of probable and possible awards, 2021 could, reportedly,
Jan De Nul Group’s newest hopper dredgers – SANDERUS, ORTELIUS, TRISTÃO DA CUHNA, AFONSO DE ALBUQUERQUE, and DIOGO CÃO – are the first ships to receive the new notation of Bureau Veritas (BV) that recognizes the performance of ultra-low emission vessels (ULEVs). These JDN dredgers are specifically designed for ultra-low
Finnish technology group Wärtsilä has been selected to supply a range of solutions for a new diesel-electric hybrid roll-on/roll-off passenger (RoPax) ferry ordered by the Isle of Man Steam Packet Company (IOMSPC). The order with Wärtsilä was placed in the second quarter of 2020, the company said. The 132-metre-long vessel
Adriatic LNG, the operator of the LNG regasification terminal on the Italian Veneto coast, launched an open season for the allocation of long-term regasification capacity. Courtesy of Adriatic LNG Adriatic LNG is offering regasification capacity with terms of up to 25 years through the open season procedure. The offered capacity
