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Illustration/Crestwing's wave device scale model testing at DHI (Courtesy of Crestwing)
Business Developments & Projects

Crestwing’s wave energy device set for streamlining at Aalborg University

Danish company Crestwing has made progress in advancing its wave energy technology as part of a collaborative project funded by the Danish government’s Energy Technology Development and Demonstration Program (EUDP).

about 3 years ago
FPSO Liza Destiny operating off Guyana; Source: ExxonMobil
Authorities & Government

ExxonMobil’s first development off Guyana found to be in breach of oil spill insurance obligations

A Guyanese court recently ruled that ExxonMobil is in breach of oil spill insurance obligations for its first oil project located off Guyana.

about 3 years ago
Germany, Denmark probe market for Bornholm Energy Island cable connection(s)
Business Developments & Projects

Germany, Denmark probe market for Bornholm Energy Island cable connection(s)

Energinet and 50Hertz have issued a periodic indicative notice to carry out a market investigation on the planned procurement of cable systems regarding the Bornholm Energy Island (BEI) project for establishing the required cable connections from/to Bornholm. This market investigation is a process t

about 3 years ago
African maritime players urged to upskill seafarers for energy transition
Collaboration

African maritime players urged to upskill seafarers for energy transition

As the maritime industry transitions to a low and zero-carbon future, African maritime players are being advised to implement new training infrastructure for seafarers to adapt to the ongoing continent’s green transition.

about 3 years ago
Concept for Equinox Ocean Turbines' technology (Courtesy of Equinox Ocean Turbines)
Business & Finance

Equinox Ocean Turbines embarks on €3.3 million fundraising campaign

Dutch company developing innovative ocean energy technology Equinox Ocean Turbines has opened an investment opportunity, targeting €3.3 million to further scale up its business.

about 3 years ago
Odfjell
Green Marine

Odfjell expands fleet with two newbuildings

Norwegian shipping and tank terminal company Odfjell SE has concluded a deal for two additional newbuildings set for delivery in the first half of 2026. The order brings the company’s ordering tally to seven 26,000 dwt stainless steel vessels scheduled to be delivered on time charter between 2023 an

about 3 years ago
HJSC rolls out new LR-approved LNG bunkering vessel design
Business Developments & Projects

HJSC rolls out new LR-approved LNG bunkering vessel design

South Korean shipbuilder HJ Shipbuilding & Construction (HJSC, formerly Hanjin Heavy Industries & Construction) has developed a new LNG bunkering vessel for which it also obtained approval in principle (AiP) from classification society Lloyd’s Register (LR). The new 7,500 cbm LNG bunkering vessel fo

about 3 years ago
Worley
Business & Finance

Worley lands job on giant carbon capture and storage project off Malaysia

Worley has been awarded a contract to provide detailed engineering design services for Petronas’ huge CCS project offshore Sarawak, Malaysia.

about 3 years ago
IDTechEx: Fuel flexibility of SOFCs paves path to hydrogen economy
Market Outlooks

IDTechEx: Fuel flexibility of SOFCs paves path to hydrogen economy

In its new report “Solid Oxide Fuel Cells 2023-2033: Technology, Applications and Market Forecasts,” technology company IDTechEx provided an overview of the solid oxide fuel cell (SOFC) market and projected its value to reach $6.8 billion by 2033. More specifically, the report includes an assessment

about 3 years ago
Cambo FPSO design; Source: Sevan SSP
Business & Finance

Shell inks deal with Ithaca to offload its stake in UK’s ‘second largest undeveloped field’

Shell has signed an agreement with Ithaca Energy, defining a marketing process for its interest in the controversial Cambo development.

about 3 years ago
Brittany Ferries unveils name of its new LNG-battery hybrid ferry
Vessels

Brittany Ferries unveils name of its new LNG-battery hybrid ferry

Brittany Ferries has revealed the name of its forthcoming ship, which will be able to run on liquefied natural gas (LNG), on battery power, or on a combination of the two in hybrid mode.

about 3 years ago
OSG 204
Carbon Capture Usage & Storage

OSG looking into carbon capture

Overseas Shipholding Group (OSG), a major American shipping company, has launched efforts to explore the potential of carbon capture and storage as part of its GHG emission reduction strategy. To that end, OSG has established a new subsidiary, Aptamus LLC in Delaware, which will focus on investing i

about 3 years ago
LNG Canada project in Kitimat more than 80% complete
Business Developments & Projects

LNG Canada project in Kitimat more than 80% complete

The last large module has been delivered to the LNG Canada project in Kitimat, a joint venture comprised of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation. The delivery was announced by LNG Canada in a social media update on 4 May, explaining that the equipment will be

about 3 years ago
Susanne Theresa, Christiania Shipping
Green Marine

Christiania Shipping orders chemical tankers pair from Murakami Hide

Christiania Shipping A/S, a specialized chemical ship owning and chartering company, has reached an agreement with the Japanese shipyard Murakami Hide for the construction of two 13,000 dwt stainless steel chemical tankers. The Copenhagen-based company said the duo is slated for delivery in the seco

about 3 years ago
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