Brazilian national oil and gas company Petrobras has suspended Japanese FPSO specialist MODEC from bidding for new floating production storage and offloading vessel projects. A day after the announcement the Japanese firm named a new CEO but…
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Germany to Propose Beirut Port Reconstruction with ‘Strings Attached’
Germany will next week present a multi-billion-dollar proposal to Lebanese authorities to rebuild the Port of Beirut as part of efforts to entice the country’s politicians to form a government capable of warding off financial collapse, two sources…
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Floating Production Systems Market Bounces Back on Recovering Oil Prices
Orders for production floaters have bounced back over the past month driven by rising crude prices, according to Jim McCaul, head of offshore business intelligence firm World Energy Reports.McCaul bases his assessment on data in a new floating…
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Nord Stream 2 Warns of Security Risks to Pipeline from Warships, Low-flying Planes
The consortium behind the construction of the Nord Stream 2 gas pipeline warned on Thursday about security risks to the project from warships and planes, as the link is nearing completion.The pipeline, aimed at bypassing Ukraine and doubling…
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OPEC+ to Ease Output Cuts from May
OPEC+ agreed on Thursday to gradually ease its oil output cuts from May, after the new U.S. administration called on Saudi Arabia to keep energy affordable for consumers.The group, which has implemented deep cuts since a pandemic-induced oil price coll...
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NTSB Finds Complacency, Lack of Procedural Compliance in Recent Marine Accidents
A lack of procedural compliance and complacency were key factors in several marine accident investigations concluded so far in 2021, according to the National Transportation Safety Board (NTSB).The agency said it determined the probable cause of the fl...
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MSC Reaffirms Commitment to Avoid Arctic Shipping Routes
Container shipping giant MSC Mediterranean Shipping Company doubled down on its position to avoid sending its vessels through the Northern Sea Route and urged others to follow suit, citing environmental concerns.“As a responsible company, this was an o...
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Ready Your Salad Fork for Biden’s Offshore Energy Plans
In Antony and Cleopatra, Shakespeare coined the phrase “salad days” to mean a youthful time filled with unbridled enthusiasm and idealism. Indeed, youth, much like salad, is often raw, flavorful and most of all… green. Therefore, it is fitting…
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Jones Capital Acquires Rockport Terminals
Jones Capital said it has acquired Rockport Terminals, one of the largest private intermodal terminals on the Texas Gulf Coast.Rockport Terminals is located within 28 miles of the fast growing Port of Corpus Christi, but outside of the Port's tariff zone.
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Vineyard Wind Taps DEME to Install Wind Turbines off US East Coast
U.S. offshore wind developer Vineyard Wind has contracted Belgium-based DEME for the offshore transport and installation of the wind turbine generators for the first largescale offshore wind installation in the United States.DEME's U.S. arm…
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