Offshore News
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Svanehøj : Develops new fuel pump for LNG-powered ships
With the launch of a completely new pump design for LNG, Svanehøj becomes the first supplier on the marine market to offer both deepwell pumps and submerged pumps for electric fuel systems. The aim is to gain a larger share of the attractive and strongly growing LNG market The demand…
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Monjasa Acquires oil and chemical tanker Monjasa Shaker for Middle East operations
Oil and shipping group, Monjasa, acquires the oil and chemical tanker, Monjasa Shaker, (9,600-dwt) for cargo and bunkering operations in the Arabian Gulf. Monjasa continues to record an increasing demand for its marine fuel solutions and deployment of quality tonnage is increasingly relevant to ensure efficiency and fuel grade flexibility…
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Schulte Group Presents New LNG Bunker Vessel Design
Schulte Group unveiled its next-generation design for an liquefied natural gas (LNG) bunker vessel (LBV), which it said is engineered to be easy-to-use and reduce last-mile costs. The unique vessel design, presented at Gastech Exhibition and Conference in Milan, does away with the need for fenders and spacer pontoons, replacing…
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Reuters : Oil prices fall further as China extends COVID curbs
LONDON, Sept 8 (Reuters) – Oil prices fell on Thursday, extending sharp losses from the previous session, as China’s extension of lockdown measures to curb the COVID-19 spread exacerbated concerns that a slowdown in economic activity globally would hit fuel demand. Brent crude futures lost 40 cents, or 0.4%, to…
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Maersk Drilling secures six-month extension for drillship with Shell
Shell has exercised an option to extend the provisioning of the 7th generation drillship Maersk Voyager for drilling services offshore Mexico. The contract extension is expected to commence in April 2023, in direct continuation of the rig’s current contract, with a firm duration of six months. The contract value of…
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Excelerate Energy Signs Term Sheet to Deploy an FSRU to Germany
xcelerate Energy, Inc. (NYSE: EE) (Excelerate) has announced that on August 25, 2022, the Company and ENGIE (ENGIE) signed a term sheet for the deployment of a floating storage and regasification unit (“FSRU”) that will provide flexible and secure LNG regasification capacity for Germany as it continues to seek alternatives…
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DHT Holdings announces sale of DHT Edelweiss
DHT Holdings, Inc. (NYSE:DHT) (DHT) announces that it has entered into agreement to sell the DHT Edelweiss, a 2008 built VLCC, for $37.0 million. The vessel is not fitted with an Exhaust Gas Cleaning System and is due for its 3rd Special Survey and installation of a Ballast Water Treatment…
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Yaskawa Environmental Energy / The Switch signs landmark marine supply contract with ABB Marine & Ports in China
Marine electric drive train specialist Yaskawa Environmental Energy / The Switch inks five-year global sourcing agreement with ABB Marine & Ports in Shanghai for its next-generation PMM2000M permanent magnet machines to be used as shaft generators in large containerships. The first order for 16 machines, each with a power output…
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