Ever seen a massive tanker ship…with wind sails? You might soon. That’s because the Sohar Max, a 400,000-deadweight-ton vessel, was just retrofitted with five 35-meter rotor sails at China’s COSCO Zhoushan shipyard, according to Bloomberg. The purpose is to reduce fuel use by 6% and cut annual carbon emissions by 3,000 tons.  Bloomberg reported that...Continue Reading

ABS has awarded Hanwha Ocean Approval in Principle (AIP) for its Pre-FEED Standard FPSO Design intended to create an asset optimized for deployment in the deep waters of West Africa. SourceContinue Reading

ADNOC Logistics & Services Plc. has announced that its Integrated Logistics business segment expanded significantly in 2024, with 20 offshore assets acquired and hire contracts secured for 19 jackup barge (JUB) deployments. SourceContinue Reading

Industry Pushes Back on LNG Export Pause | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Dec 19, 2024, 11:00 AM CST Industry groups are doubling down on calls for the...Continue Reading

Sercel has announced a contract with a marine geophysical company for the deployment of its Tuned Pulse Source (TPS™), an innovative low-frequency broadband marine seismic source, and the provision of related support services. SourceContinue Reading

Israel Strikes Yemen Energy Targets in Latest Middle East Flare-Up | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 19, 2024, 10:30 AM CST Israel carried out airstrikes on a port city and energy infrastructure in Yemen on Thursday after a missile targeting central Israel...Continue Reading

Mermaid Subsea Services (UK) Ltd has set a new industry benchmark for North Sea decommissioning. Across the course of 2024 the Aberdeen-headquartered company successfully plugged and abandoned (P&A) 30 wells in the UK North Sea using the Island Valiant vessel. SourceContinue Reading

A month ahead of President-elect Donald Trump’s return to the White House, the Biden Administration on Thursday set a bold new target of reducing net greenhouse emissions by between 61% and 66% below 2005 levels by 2035. The so-called U.S. Nationally Determined Contribution (NDC) is a pledge under the Paris Agreement, from which Trump could...Continue Reading

Chevron and Woodside Reshuffle Australia LNG Portfolios With Asset Swap | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 19, 2024, 9:38 AM CST U.S. supermajor Chevron and Australia’s energy group Woodside have agreed to an asset swap deal that will allow them to focus...Continue Reading

Cold Snap Exposes Iran’s Energy Infrastructure Woes | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Dec 19, 2024, 9:00 AM CST Iran’s energy crisis has worsened...Continue Reading