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India's GAIL to go into distributed LNG production
Business Developments & Projects

GAIL issues EOI for acquiring equity in LNG liquefaction project in USA

GAIL (India) Limited, India’s natural gas company with a presence along the entire natural gas value chain comprising of exploration and production, LNG imports, gas transmission and marketing, gas processing, petrochemicals, LPG transmission and city gas distribution, has issued an invitation for E

about 3 years ago
SAAM Towage slashes carbon emission from its Colombian ops
Business Developments & Projects

SAAM Towage slashes carbon emission from its Colombian ops

Canadian towage operator SAAM Towage has revealed that it managed to verify and fully offset the greenhouse gas emissions from its Colombian operations.

about 3 years ago
Caspian Explorer drilling vessel Source Caspian Sunrise
Business & Finance

Drilling vessel gets new gig in Caspian Sea

Caspian Sunrise has won a new deal for the Caspian Explorer drilling vessel, enabling it to carry out work in the Caspian Sea.

about 3 years ago
Tripartite partnership pursuing European carbon capture and storage value chain
Business & Finance

Tripartite partnership pursuing European carbon capture and storage value chain

Horisont Energi and Neptune Energy have signed a Memorandum of Understanding (MoU) with E.ON for the development of a European carbon capture and storage (CCS) value chain. With the agreement, Horisont Energi aims to strengthen the existing cooperation with E.ON, and by bringing in Errai partner Nep

about 3 years ago
Algoma and CSL Group order methanol-ready bulker quartet
Vessels

Algoma and CSL Group order methanol-ready bulker quartet

Canadian company Algoma Central Corporation and UK-based CSL Group, which together form the CSL International Pool, have placed an order for the construction of four new methanol-ready Kamsarmax-based ocean belt self-unloading vessels.

about 3 years ago
Panoro Energy
Authorities & Government

More offshore acreage for UK firm in Equatorial Guinea

Panoro Energy has expanded its portfolio offshore Equatorial Guinea, following the award of a stake and operatorship in offshore Block EG-01.

about 3 years ago
Höegh LNG buys CoolCo’s LNG carrier, eyes FSRU conversion opportunities
Business Developments & Projects

Höegh LNG buys CoolCo’s LNG carrier, eyes FSRU conversion opportunities

Norwegian shipping company Höegh LNG has entered into an agreement with Cool Company (CoolCo) to acquire the 2013-built LNG carrier Golar Seal. Under the agreement, Höegh LNG will buy the carrier with 160,000 cbm capacity for $184.3 million. The transaction is expected to close on the redelivery of

about 3 years ago
CMA CGM Marco Polo
Equipment

CMA CGM trials a windshield on board its boxship to cut emissions

French container shipping major CMA CGM has equipped its ultra-large containership CMA CGM Marco Polo with a new windshield prototype. The device improves a vessel’s aerodynamics resulting in lower fuel consumption and thus contributing to a lower carbon footprint of the vessel, the shipowner said.

about 3 years ago
Sevan Louisiana semi-sub (for illustration purposes); Source: Seadrill
Business & Finance

U.S. offshore rig count drops down a notch

Baker Hughes’ weekly rig count report has revealed that the number of offshore rigs in the U.S. slipped down one unit last week.

about 3 years ago
Apollo buys into US Wind
Business & Finance

In focus: Investments in oil, offshore wind hit a snag, while deals on new green vessels keep emerging

Even though it is an industry which is seeing major growth, European offshore wind saw no investments in an offshore wind farm in 2022 (except in a few small floating wind projects). Oil companies are also tip-toeing around new capital investments. Meanwhile, in the shipping sector, deals on new, gr

about 3 years ago
Biofuels
Authorities & Government

Biofuels: the low-hanging fruits ensnared in policy gaps

Biofuels have emerged as a promising solution that can be implemented without significant changes to existing infrastructure. Nevertheless, there are numerous challenges hampering their wider adoption.

about 3 years ago
Scotland and Singapore sign hydrogen MoU
Business Developments & Projects

Scotland and Singapore sign hydrogen MoU

The Scottish Hydrogen and Fuel Cell Association (SHFCA) and its Singaporean counterpart, the Hydrogen and Fuel Cell Association of Singapore (HFCAS), have signed a Memorandum of Understanding (MoU) that will see the organisations work together to promote mutually beneficial hydrogen and fuel cell te

about 3 years ago
Illustration (Courtesy of Global OTEC)
Authorities & Government

South Korea to support OTEC scheme in Pacific Ocean

The Republic of Korea has pledged to provide official development assistance for marine energy programs in the Pacific Ocean, including the support for ocean thermal energy conversion (OTEC) scheme in Marshall Islands.

about 3 years ago
SunStone snaps up seventh Infinity-class eco-friendly vessel
Business Developments & Projects

SunStone snaps up seventh Infinity-class eco-friendly vessel

US-based expedition cruise ship owner SunStone Ships, a subsidiary of SunStone Maritime Group, has signed a contract for the construction of the seventh Infinity-class eco-friendly expedition cruise ship.

about 3 years ago
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