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Ubunuty Unity
Business & Finance

Maritime, mining, and energy majors to create a green corridor for iron ore

A new consortium comprising UK-based mining company Anglo American, Tata Steel, CMB, VUKA Marine, Freeport Saldanha, and ENGIE plans to explore the options for developing a maritime green corridor for the zero-emission shipping of iron ore between South Africa and Europe. The initiative has been des

about 3 years ago
Illustration; Source: TotalEnergies
Business & Finance

After bolstering oil, gas and renewables in 2022, TotalEnergies ramping up low-carbon investments in 2023

France’s TotalEnergies has decided to step up its investments in low-carbon energies to $5 billion in 2023.

about 3 years ago
Canada’s Ksi Lisims LNG project gains ground
Authorities & Government

Canada’s Ksi Lisims LNG project gains ground

Canada’s British Columbia (B.C.) Environmental Assessment Office (BCEAO) has issued a readiness decision to Ksi Lisims liquefied natural gas (LNG), a project proposed by the Nisga’a Nation, Rockies LNG and Western LNG. With the readiness decision, the project is progressing into the next stage of it

about 3 years ago
Doosan and Kolon to develop hydrogen fuel cell business model using biogas
Business Developments & Projects

Doosan and Kolon to develop hydrogen fuel cell business model using biogas

South Korea-based companies Doosan Fuel Cell and Kolon Global have signed a ‘Basic Agreement for Mid- to Long-term Business and Expansion of Cooperation Areas’ to cooperate step by step to develop an eco-friendly hydrogen fuel cell business model using biogas. Under the agreement, Doosan Fuel Cell w

about 3 years ago
Alfa Laval sets sights on air lubrication tech with new company acquisition
Business Developments & Projects

Alfa Laval sets sights on air lubrication tech with new company acquisition

Swedish sustainable solutions provider Alfa Laval has completed the acquisition of Marine Performance Systems B.V., a Rotterdam-based maritime technology company that has developed the first fluidic air lubrication system on the market.

about 3 years ago
HHI
Business Developments & Projects

World’s first: HHI celebrates 200 mil BHP milestone with the starting of Maersk’s methanol-powered engine

South Korea’s shipbuilding giant Hyundai Heavy Industries, an affiliate of HD Hyundai, announced today that it has become the world’s first company whose cumulative production of two-stroke marine engines exceeds 200 million horsepower output. The company held a ceremony to mark the occasion at its

about 3 years ago
Orbital's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Business Developments & Projects

Orbital Marine Power unveils plans for 30MW tidal energy project off Orkney

Scottish company Orbital Marine Power has secured an Option Agreement from Crown Estate Scotland for a new tidal energy project in the Westray Firth.

about 3 years ago
Technip Energies to provide equipment for TotalEnergies LNG terminal in Le Havre
Business Developments & Projects

Technip Energies to commence study for TGF clean fuels export project

Technip Energies, an engineering and technology company, has been selected by Texas Green Fuels (TGF) to commence a pre-FEED (Front End Engineering and Design) for the TGF Galveston Bay clean fuels export project. According to Technip Energies, TGF’s export complex will produce industrial-scale, cos

about 3 years ago
Moray West Utility ROV Services
Business Developments & Projects

Utility ROV Services lands Moray West gig

Scotland-based Utility ROV Services has won a contract to provide boulder and debris clearance services on the Moray West offshore wind farm. The manufacturer of the UTROV system plans to start offshore operations in the first quarter of the year. A turnkey contract was signed between the Moray Offs

about 3 years ago
Amogy
Business & Finance

Amogy nets $139 million in funding at it eyes commercialization of its ammonia-to-power technology

US-based ammonia power solutions company Amogy Inc. today announced its $139 million Series B-1 fundraising. The round was led by SK Innovation, joined by other global investors including Temasek, Korea Zinc, Aramco Ventures, AP Ventures, MOL PLUS, Yanmar Ventures, Zeon Ventures, and DCVC. The start

about 3 years ago
Illustration; Source: Eco Atlantic
Authorities & Government

More drilling on the cards for ‘promising and significant opportunities’ off South Africa

Africa Oil is setting the wheels into motion to undertake exploration activities in Block 3B/4B in the Orange Basin off South Africa.

about 3 years ago
HSD Engine nets engine maintenance deal for Nakilat’s LNG ships
Vessels

HSD Engine nets engine maintenance deal for Nakilat’s LNG ships

Qatar Gas Transport Company (Nakilat) and HSD Engine have signed a long-term service agreement for the provision of spares and maintenance services necessary to maintain the reliability of engines onboard Nakilat’s liquified natural gas (LNG) vessels.

about 3 years ago
PGS' new contract to improve its summer season visibility
Business & Finance

PGS’ new contract to improve its summer season visibility

Norwegian seismic company PGS has secured a contract with what it describes as a “major international energy company” for 3D exploration acquisition services. Ramform Titan is scheduled to mobilize for the survey in late June, with the acquisition expected to complete in August. “We are very pleased

about 3 years ago
FPSO Jasmine Venture MV7; Source: MODEC
Business & Finance

With Gulf of Thailand acquisition under its belt, Canadian player expands oil portfolio

Valeura has wrapped up the acquisition of upstream oil producing assets from Mubadala Petroleum’s subsidiary, Busrakham Oil and Gas.

about 3 years ago
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