Crowley has taken delivery of the LNG bunker barge Progress, the largest U.S. Jones Act-compliant vessel of its kind, following its construction at Fincantieri Bay Shipbuilding in Sturgeon Bay, Wisconsin….
https://gcaptain.com/crowley-takes-delivery-of-largest-u-s-jones-act-compliant-lng-bunker-barge/
Viaro Energy, a leading independent British energy company, has announced that its main operating subsidiary, RockRose Energy Limited, has signed an agreement with Shell U.K. Limited and Esso Exploration and…
https://gcaptain.com/viaro-energy-acquires-shell-and-exxonmobils-southern-north-sea-assets/
Last week saw Noble Corporation cement its place as the great consolidator in the offshore drilling industry recovery. Seven days ago, Noble announced that it was buying Diamond Offshore Drilling in a stock plus cash transaction valuing the company at around US$1.6 billion, a deal unanimously...
Shell and South Korean shipbuilder HD Hyundai Heavy Industries (HHI) have entered into a joint development agreement (JDA) for the design and construction of a new liquefied hydrogen (LH2) carrier. The JDA stipulates that Shell and HHI will develop a large-scale LH2 carrier with the goal of...
Every day, the world uses around one hundred million barrels of oil. The term “big oil” is used pejoratively to describe the industry’s lobbying power. But is big always better? This week, we look at both the biggest and the best, and the biggest and the worst of the oil industry. Big finds:...
(Bloomberg) — For a company that made its name with frontier oil discoveries from Iran to Alaska, BP Plc is notably absent from today’s hottest new oil plays. The company’s…
https://gcaptain.com/bp-focuses-on-familiar-turf-in-gom-as-rivals-push-new-offshore-oil-frontiers/
Tokyo-based offshore floating platform expert, MODEC Inc. has announced being awarded the Front-End Engineering and Design (FEED) contract for a new Floating Production, Storage and Offloading (FPSO) system for Shell’s…
https://gcaptain.com/modec-secures-feed-contract-for-shells-gato-do-mato-fpso-project-in-brazil/
In Part One last week, we looked at the paradox of offshore wind, a segment that is growing without profit for many players. This contrasts with offshore oil and gas, which has shrunk but has become intensely profitable for rig and vessel operators, and for the oil companies themselves. Whereas offshore oil and gas companies […]
The post COLUMN | Where the wind blows, part 2: Shell, Cadeler, HEA Energy, Cyan Renewables, Edda Wind, Norwind and Norside [Offshore Accounts] appeared first on Baird...
By Anna Shiryaevskaya (Bloomberg) — Shell Plc said demand for liquefied natural gas by 2040 will be slightly lower than previously forecast as the world prepares for life beyond fossil fuels. …
https://gcaptain.com/shell-lowers-lng-growth-forecast-as-demand-set-to-peak-in-2040s/
London-headquartered Longitude Engineering has been selected to design the world-first zero-emission electric Service Operation Vessel (eSOV) that a consortium led by Bibby Marine plans to build (see earlier story). The project has recently been awarded GBP 20 million (about $25 million) in U.K. government funding under the Zero Emission Vessel and Infrastructure (ZEVI) competition.
The eSOV is based on Longitude Engineering’s OSD-IMT9605 design. The vessel will be powered by a hybrid 20MWh...