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Black & Veatch: Boosted LNG production is vital for propelling energy transition
Market Outlooks

Black & Veatch: Boosted LNG production is vital for propelling energy transition

In its new eBook, LNG: Fueling the Future, LNG infrastructure solutions company Black & Veatch examines the role LNG will play in the future of the global energy landscape. The company detailed how the industry must scale beyond its current production capacity to balance increasing levels of renewab

about 3 years ago
Illustration/AR1500 tidal turbine (Courtesy of SIMEC Atlantis)
Authorities & Government

UK supports 11 tidal energy projects with record capacity of over 50MW in latest CfD auction round

In its fifth round of the Contracts for Difference (CfD) scheme, the UK has supported 11 tidal energy projects with a record capacity of over 50MW and €11.6 million total ringfenced budget.

about 3 years ago
David Sheret (Archer Knight) and David Boggs (Energy Maritime Associates); Source: Archer Knight
Business & Finance

Two firms embark on merger quest to create ‘formidable force’ in offshore energy market intelligence

Aberdeen-based Archer Knight (Holdings) Limited has revealed a merger deal to acquire Singapore’s Energy Maritime Associates (EMA).

about 3 years ago
New partnership eyes development of NH3-fueled NH3 bunkering tanker
Business Developments & Projects

New partnership eyes development of NH3-fueled NH3 bunkering tanker

ClassNK, a ship classification society, Consort Bunkers, bunkering ships operator, Daihatsu Diesel, alternative fuel engines developer, Daikai Engineering, machinery and marine equipment and after-sales service provider, and SeaTech Solutions International, designer of ships equipped with alternativ

about 3 years ago
Valaris DPS-5 rig. Source: Lukoil
Business & Finance

Valaris rig starts drilling work in Gulf of Mexico

Offshore drilling contractor Valaris has confirmed the start of a new contract for one of its semi-submersible rigs in the U.S. Gulf of Mexico (GoM).

about 3 years ago
Hanwha Ocean emission -free LNG carrier
Business Developments & Projects

Hanwha Ocean unveils world’s 1st carbon emission-free LNG carrier

South Korean shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering Co., has received clearance for key innovations that are at the heart of what is believed to be the world’s first carbon emission-free LNG carrier. Specifically, the shipyard has received approval in pr

about 3 years ago
MOL and Shell to work on alternative maritime solutions to decarbonise sector
Collaboration

MOL and Shell to work on alternative maritime solutions to decarbonise sector

Japanese shipping major Mitsui O.S.K. Lines (MOL) and Shell Marine Products Singapore, a business division of Shell Eastern Trading Pte, have signed a Memorandum of Understanding (MoU) on a joint focus on the advancement of alternative maritime solutions and managing carbon emissions liabilities hol

about 3 years ago
Hornsea contract
Authorities & Government

Offshore wind developers take a pass on UK’s fifth CfD round as maximum bid price was too low

The UK government has awarded 3.7 GW of renewable energy projects with Contracts for Difference (CfDs) in its fifth allocation round. Among the 95 new projects that secured CfDs are onshore wind, solar and tidal energy developments – and not a single megawatt of offshore wind. According to the gover

about 3 years ago
Sedat Basak Uni-Tankers
Business & Finance

Uni-Tankers in major fleet expansion swoop

In a strategic move set to bolster its maritime capabilities, Danish ship owner and operator, Uni-Tankers, has unveiled that it has added five new vessels to its fleet. The fleet expansion includes long-term deals for four newbuilding vessels and one ECO small clean chemical/product tanker built in

about 3 years ago
LR and COSCO join forces for LNG fleet decarbonization pathway project
Business Developments & Projects

LR and COSCO join forces for LNG fleet decarbonization pathway project

Classification society Lloyd’s Register (LR) and Shanghai COSCO Shipping LNG Investment, a subsidiary of China Shipping Corporation Limited, have signed an agreement to collaborate on a new project that aims to formulate and assess the decarbonization pathway for COSCO Shipping’s existing LNG carrie

about 3 years ago
Korean Register approves HD HHI’s LNG dual-fuel VLGC design
Certification & Classification

Korean Register approves HD HHI’s LNG dual-fuel VLGC design

Classification society Korean Register (KR) has awarded an Approval in Principle (AiP) for an LNG dual-fuel very large gas carrier (VLGC) jointly developed by KR and HD Hyundai Heavy Industries (HD HHI), a subsidiary of South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE).

about 3 years ago
Two new contracts bring €850 million to Saipem
Business & Finance

Two new contracts bring €850 million to Saipem

Italian oilfield services provider Saipem has secured two new contracts for offshore activities in Côte d’Ivoire and Italy for an overall amount of €850 million. Saipem won a contract with Eni Côte d’Ivoire and its partner Petroci to deliver subsea umbilicals, risers, and flowlines (SURF) for the de

about 3 years ago
Capital Gas details deal for world’s 1st 88,000 cbm ammonia carriers
Vessels

Capital Gas details deal for world’s 1st 88,000 cbm ammonia carriers

Greek ship management service provider Capital Gas Ship Management has revealed more details about its latest construction deal for two 88,000 cbm very large ammonia carriers (VLAC).

about 3 years ago
Maersk feeder bunkering with Agility tanker; Image credit Maritime & Port Authority of Singapore
Business & Finance

Maersk secures green methanol supply from Equinor

Container shipping heavyweight A.P. Moller-Maersk (Maersk) has signed an agreement with energy major Equinor thus securing the supply of green methanol for its landmark, methanol-enabled feeder vessel during its initial months of operation from September 2023 and into the first half of 2024. The agr

about 3 years ago
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