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According to the Norwegian Offshore Directorate's projected scenarios leading up to 2050, the difference between high and low production of oil and gas can amount to nearly an entire government pension fund.Norway still has extensive oil and gas resources on the Norwegian continental shelf (NCS).
https://www.marinelink.com/news/norway-eyes-increased-oil-gas-exploration-516174
https://www.marinelink.com/news/norway-eyes-increased-oil-gas-exploration-516174Singapore announced top maritime centre for 11th consecutive yearThe Baltic Exchange, in collaboration with Xinhua News Agency, announced the release of the 2024 Xinhua-Baltic International Shipping Center Development Index (ISCDI) Report. Now in its 11th year…
https://www.marinelink.com/news/winner-singapore-again-516175
https://www.marinelink.com/news/winner-singapore-again-516175The National Shipping Company of Saudi Arabia (Bahri) signed a purchase agreement to acquire nine Very Large Crude Carriers (VLCCs) from Capital Maritime and Trading Corporation for approximately $1B, the company said.The purchase is part of a modernization drive and will enable the company to star
https://www.marinelink.com/news/bahri-spend-b-vlcc-vessels-516176
https://www.marinelink.com/news/bahri-spend-b-vlcc-vessels-516176The Philippines said China's Coast Guard was not helping efforts to build confidence in the South China Sea, after accusing it of ramming and damaging its vessels in the latest in a succession of altercations.The Philippines urges China to refrain…
https://www.marinelink.com/news/accusations-fly-china-philippines-516177
https://www.marinelink.com/news/accusations-fly-china-philippines-516177Scuba divers scouring the wreck of British tech magnate Mike Lynch's family yacht, which sank off Sicily two days ago, have found two bodies inside it, a source close to rescue operations said on Wednesday.One of the bodies belonged to a heavily built man…
https://www.marinelink.com/news/two-bodies-found-inside-sunken-yacht-off-516186
https://www.marinelink.com/news/two-bodies-found-inside-sunken-yacht-off-516186German Chancellor Olaf Scholz will visit Meyer Werft on Thursday, the luxury shipbuilder said, raising hopes that it could secure support from the government as it seeks to fill a 2.7 billion euro ($3.00 billion) hole in its finances."We expect the chancellor to bring good news with him," Thomas Gel
https://www.marinelink.com/news/shipbuilder-meyer-werft-expecting-good-516187
https://www.marinelink.com/news/shipbuilder-meyer-werft-expecting-good-516187Utility company Eversource Energy has been awarded an $89m grant for its Huntsbrook Offshore Wind Hub project in Montville, in the southeast part of Connecticut. The grant was awarded in the second round of the US Department of Energy’s (DOE) Grid Innovation Program. The Huntsbrook OSW Hub proposal was included in the Power Up New …
https://splash247.com/us-awards-89m-to-eversources-offshore-wind-hub-in-connecticut/
https://splash247.com/us-awards-89m-to-eversources-offshore-wind-hub-in-connecticut/Houston-based Audubon Engineering has been awarded a contract for BP’s Kaskida project in the US Gulf of Mexico. The company will complete topside engineering and design of the Kaskida floating production unit (FPU). According to Audubon, its design philosophies will allow for a faster cycle time and will use experience from previous projects such as …
https://splash247.com/bp-hands-out-engineering-contract-for-kaskida-topsides/
https://splash247.com/bp-hands-out-engineering-contract-for-kaskida-topsides/More than 200 people are being drawn in to ramp up the clean-up of oil from the grounded Ultra Galaxy general cargo vessel after the last few days’ wintry and stormy weather on South Africa’s west coast teared the wreck further into pieces. The South African Maritime Safety Authority (SAMSA) gave an update yesterday, saying …
https://splash247.com/grounded-vessel-on-south-africas-west-coast-tears-further-into-pieces/
https://splash247.com/grounded-vessel-on-south-africas-west-coast-tears-further-into-pieces/More than six months after it grounded, spewing oil into the Caribbean, the Gulfstream barge has been refloated with a dive team now assessing the overturned vessel before it is towed away from Cove in Tobago to Port of Spain in Trinidad. The government of Trinidad & Tobago has yet to officially pinpoint the blame …
https://splash247.com/grounded-oil-barge-refloated-off-tobago/
https://splash247.com/grounded-oil-barge-refloated-off-tobago/