A Biden administration auction of Gulf of Mexico drilling rights raised $382 million on Wednesday as oil companies claimed offshore acreage for what is set to be the last time until 2025. The auction total was the highest of any federal offshore oil and gas lease sale since 2015, according ...
The world's largest containership to be powered by liquefied natural gas (LNG) has officially joined the fleet of French container shipping group CMA CGM, during a digital naming ceremony at CSSC’s shipyard in Shanghai. CMA CGM Group’s new flagship, CMA CGM Jacques Saadé, named after the...
As of 2015, it held the record for the largest container ship, with a carrying capacity of 18,800 TEUs. Unlike the previous ships, which were generally owned and operated by Chinese or Japanese companies, this vessel is owned by the United Arab Shipping Company (UASC). Credits: DP World ...
Aker BP, a Norwegian oil and gas company, has installed a new 90-meter-long jacket in the North Sea, facilitated by Heerema Marine Contractors’ semi-submersible crane vessel (SSCV), the world’s largest of its kind. The installation is a crucial step in a development project to extend ...
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In June 2021 (contract value US$US$852 million), HL ordered six more units of the same series (to 12x total). ULCVs are with dual-fuel engines (running on both LNG and MDO). These vessels will serve THE Alliance's Europe-Far East routes. HAPAG LLOYD vessel details (13200 TEU) Hyun...
SoCalGas has worked together with us and others to make the hydrogen economy a reality, including helping us build the very first power-to-gas-to-power system in the country right here on the UCI campus. The Angeles Link is a great example of what can be done ...
In a recentreportby research firm Opimas, they said they are expecting financial companies to spend over $1.5 billion on AI-related technologies. By 2021, that spending will increase to $2.8 billion. And by 2025, these firms will realize a significant improvement in their cost-to-income ratio...
The moves follow similar decisions already taken by Singapore-headquartered Ocean Network Express and Germany’s Hapag Lloyd – effectively cutting Russia off from the world’s leading container shipping companies, adding to freight challenges ahead. ...