Japanese engineering company Chiyoda Corporation announced on the 25th June that its pilot hydrogen project had begun to provide clean fuel for gas turbine power generators at a Japanese power plant using hydrogen imported from Brunei. The project is the world’s first implementation of…
The Trump administration’s plan to add as many as 50 oil tankers to an already long list of sanctioned vessels would be enough to send global shipping costs surging under normal circumstances. But the demand fallout from the pandemic may have freed up enough…
Kvaerner has been awarded by Allseas a contract to dismantle and recycle three large topsides, three jackets, and four bridges from Aker BP’s Valhall and Hod fields located offshore Norway. The contract involves a combined weight of 33,000 tonnes, as well as options for…
Exploration drilling has started on the Lukoil-operated ultra-shallow water Shirotno-Rakushechnaya prospect in the Russian sector of the Caspian Sea. The well, drilled from the jack-up Astra, is north of the company’s ongoing V.I. Grayfer field development, in a water depth of 4.5 metres (14.7…
Ampelmann, the Dutch offshore access provider, has secured five new contracts in offshore wind over the course of a month with Norwegian companies BOA, Volstad, Olympic Shipping, Siem Offshore and DOF. The company will provide two A-type and three E1000 systems, which will aid…
A new generation of boutique cruise ships is set to emerge, with the luxury of a superyacht, the construction techniques and passenger experience of a cruise ship and a close focus on the environment. These cost optimised vessels will serve the charter and luxury…
INEOS AG subsidiary INEOS Styrolution Group GmbH has agreed to purchase the entirety of BP PLC’s standalone global petrochemical assets in a deal worth US$5 billion. The proposed sale – which includes INEOS’s purchase of 14 of BP’s petrochemical manufacturing plants in the Asia…
Bank of England Tells Insurers, Banks to Continue Analyses of Impact of Climate Risk The Bank of England (BoE) has told banks and insurers to press ahead with analysing the impact of climate change on their operations, saying that guidance published on the 29th June…
Crude oil inventory data could become more bearish soon, predicts one regular Rigzone market-watcher. Keep reading to learn more, along with additional insights about what to watch this week in the oil market. Andrew Goldstein, President, Atlas Commodities LLC: Over the next few…
CNOOC Limited has made what it claims to be a significant oil and gas discovery of Huizhou 26-6 in the Eastern South China Sea. It is expected to become the first mid-to-large sized condensate oil and gas field in the shallow water area of…
