McDermott International announced that it plans to partner with the Italian oil and gas industry contractor Saipem S.p.A. to bid for NextDecade's planned Rio Grande LNG project in Brownsville, Texas."Our joint bid with Saipem will feature optimized…
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Number of Indian Seafarers Jump by 42.3%
The number of seafarers in India has seen an unprecedented growth of 42.3% due to various policy level changes brought in by the Government in the last four years, said a Minister in India.According to Mansukh Mandaviya, Minister of State for Shipping…
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Goldsboro LNG Project Eligible for $1.5bln German Loan
Pieridae Energy announced that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion of untied loan guarantee by the German federal…
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New Sea Lock at IJmuiden
To accommodate increasingly larger ships, a new sea lock is being built at IJmuiden, a port city in the Dutch province of North Holland.The construction started in 2016. It will be the largest sea lock in the world. The sea lock ensures that…
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Denbury to Acquire Penn Virginia for USD 1.7 bln
Texas-based Denbury Resources will acquire Houston-based upstream energy company focused on the Eagle Ford Shale Penn Virginia in a deal valued at $1.7 billion, including the assumption of debt.According to a press release. The deal is expected to clo...
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ECSA Welcomes Outcome of MEPC 73
European Community Shipowners' Association (ECSA) welcomes the good progress that has been made at last week’s meeting of the Marine Environment Protection Committee (MEPC) on some key environmental issues.Major developments were the adoption…
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Ecuadorean discovery pushes back the origins of chocolate
People have been enjoying chocolate far longer than previously known, according to research published on Monday detailing the domestication and use of cacao beginning 5,300 years ago at an ancient settlement in the highlands of southeastern Ecuador.
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Chinese privately developed rocket fails to reach orbit
A privately developed Chinese carrier rocket failed to reach orbit after lifting off from Jiuquan Satellite Launch Center on Saturday, in a blow to the country's nascent attempts by private companies to rival Elon Musk's SpaceX.
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Maritime’s Push Toward “Net Zero Carbon”
IMO’s 2050 deadline to reduce GHG emissions 50% from 2008 levels has set off a gold rush to develop Zero Emissions SolutionsClimate change is the biggest issue facing [all aspects of] the maritime industry, said Kitak Lim, IMO secretary general…
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Interferry Welcomes EEDI Status Quo for RoRo Vessels
Trade association Interferry has welcomed this week’s decision by the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC) to uphold previously agreed sector-specific Energy Efficiency Design Index (EEDI)…
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