Energy News Beat The assessment of Nigeria as the ninth partner state in BRICS marks a significant milestone in the history of this group. It’s not merely a change of status; it represents a profound evolution in global economic and political cooperation dynamics. With Nigeria as a partner country, BRICS enhances its geographical and economic […]
Energy News Beat Despite Nepal being the world’s second most water-rich country with immense hydroelectric power production potential, India has primary influence over its energy security Nepal’s current total energy demand is around 1,900 MW during peak hours. Due to a lack of energy, however, Nepal’s industrial sectors have limited production from eight to ten […]
Energy News Beat EuropeOffshore Well-Safe Solutions Decommissioning specialists Well-Safe Solutions has secured more work for Eni across its assets in the Dutch sector of the North Sea. The Italian energy major has recently exercised another 90-day option for the Well-Safe Protector jackup under a newly agreed contract amendment. The work on subsea and platform wells […]
Energy News Beat AsiaOffshore James Fisher Subtech Indian offshore vessel operator Seamec has secured a long-term charter from Saudi-based Safeen Al Behar for the dive support vessel Seamec Swordfish. The 2007-built DSV has been fixed for 730 days in a deal worth $57.4m. The charter with extension options attached, will see the vessel utilised in […]
Energy News Beat Hapag-Lloyd Germany’s Hapag-Lloyd has lined up financing for its 24-ship newbuilding spree signed off last year. The Hamburg-based global carrier said the financing consists of four parts. Around $900 will be financed using the company’s own funds, $500m using bilateral mortgage loans from two banks, $1.8bn will be financed via three leasing […]
Energy News Beat Dry CargoEurope MarineTraffic / Ruud Coster More than 50 years in shipping is ending as Greek kamsarmax specialist Chronos Shipping is letting go of its last ship, the 2012 built, 81,000 dwt Patra, built at Japan Marine United. The bulker is noted to have been sold by several brokers who tie a price tag of just […]
Energy News Beat European and American shipowners have pocketed at least $6.3bn from selling hundreds of ageing tankers on to shell companies, from where they make their way into the shadow fleet, a new probe carried out by the Organized Crime and Corruption Reporting Project (OCCRP) and investigative journalists from Follow the Money has revealed. […]
Energy News Beat UK Government Offshore support services provider Interocean Marine Services has won a three-year contract to provide marine vetting and assurance to the Morgan, Mona, and Morven offshore wind projects. The three projects are being developed under a joint venture between energy giant BP and Energie Württemberg (EnBW). Morgan and Mona are located […]
Energy News Beat BOEM The New Jersey Board of Public Utilities (NJBPU) has pulled the plug on the state’s fourth offshore wind solicitation due to the withdrawal of prospective bidders and Shell freezing its involvement with the Atlantic Shores offshore wind project. There were three initial bidders in the fourth solicitation with two withdrawing and […]
Energy News Beat Government of Gibraltar More pilot use is recommended in Gibraltar, according to a new accident report surrounding one of the most high-profile casualties to hit the British overseas territory in recent years. On August 29 2022, the OS35 bulk carrier was departing the Bay of Gibraltar anchorage and collided with the LNG […]
