Bulgaria, Shell Sign Contract For Black Sea Gas And Oil

Shell Secures Oil and Gas Exploration Rights in Bulgaria’s Black Sea

Shell has recently signed a contract with Bulgaria’s government, granting the multinational significant rights to explore for oil and gas in the Black Sea. Bulgaria’s Energy Minister expressed optimism about the contract, emphasizing the importance of uncovering the Black Sea’s potential for future gas supplies. Shell aims to leverage its technology and expertise.

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BC Ferries Struggles with Aging Fleet After Propeller Loss of Iconic Vessel

BC Ferries in Canada is struggling with its aging fleet, as the 60-year-old Queen of New Westminster lost its propeller, causing service cancelations at the end of a busy summer season. Despite efforts to address maintenance issues, the operator faces significant operational hurdles. Plans are in place to introduce new vessels to meet growing demand.

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Oil Barge Salvaged off Tobago Coast After 6 months of Recovery Effort

The overturned oil barge off the coast of Tobago has been salvaged at a cost of $30 million. Recovery efforts led by T&T Salvage successfully refloated the Gulfstream barge after a six-hour operation. The wreck is now being assessed three nautical miles off the coast before being towed to Port-of-Spain. The search for the crew of the abandoned tugboat continues, with the government seeking international assistance in the investigation. The Ministry of Energy has completed beach cleanup and is holding parties accountable for the environmental damage caused by the oil spill.

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Shipping Companies Tackle FuelEU Maritime Compliance Costs with Pooling and Biofuels Strategies

Shipping companies are navigating the complexities of the FuelEU Maritime regime to reduce compliance costs and penalties for failing to meet carbon intensity reduction targets. OceanScore is providing estimates on compliance surpluses available through pooling to assess costs and potential earnings. Companies must consider biofuel burning and pooling as cost-effective alternatives to penalty payments as regulations become stricter.

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Oil spill from damaged cargo ship pollutes South African coastline.

South Africa is facing a major environmental crisis as the Ultra Galaxy vessel continues to leak oil after breaking apart off the coast. With 500 tons of fuel still aboard the wreck, efforts to contain the spill are underway. Salvage operations have been halted due to rough surf conditions, while local residents are assisting in the clean-up efforts along the oil-covered coastline.

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DOF Group Acquires Maersk Supply Service for $1.1 Billion, Expands Fleet and Market Reach

Norway’s DOF Group has acquired Maersk Supply Service for $1.1 billion, solidifying its position in the offshore service sector. The deal includes 22 vessels and a 25 percent ownership by A.P. Moller Holdings. The merger will create a major integrated service provider for the energy industry, with plans to focus on offshore wind operations. Maersk Offshore Wind is set to launch by 2025.

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Iranian Shadow Tanker Master Goes Missing Before Indonesian Trial

A court in Batam, Indonesia postponed the trial in a case involving a tanker caught in illegal activities. The master of the vessel disappeared before the session, adding complexity to the case. Ownership of the tanker, suspected of smuggling Iranian oil, remains disputed. The vessel faces potential seizure and auction, while the crew’s fate and pending charges hang in the balance.

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Crew members from missing oil-smuggling boats surrender to police

Eleven crew members missing from seized oil-smuggling boats surrendered to police after arrest warrants were issued for 15 others. Three of the five boats vanished from a marine police compound but have been located. The 11 crew members appeared for questioning, with 15 fleeing the country. Those who escaped will face arrest for boat theft, while their guarantors will be held accountable.

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