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FPSO Prosperity; Source: Keppel Offshore & Marine
Business & Finance

Keppel O&M on track to deliver FPSO for ExxonMobil’s third project off Guyana

With the naming ceremony out of the way, Keppel Offshore & Marine is on track to deliver a new FPSO vessel to SBM Offshore in 1Q 2023.

about 3 years ago
DP World to develop mega-container terminal at India’s Deendayal Port
Ports & Logistics

DP World to develop mega-container terminal at India’s Deendayal Port

UAE-based logistics giant DP World has won a major concession to develop, operate and maintain the mega-container terminal at Deendayal port in Gujarat, on the western coast of India.

about 3 years ago
WATCH: CAPITAL welcomes 1st LNG fuel-ready eco-friendly tanker in 2023
Business Developments & Projects

WATCH: CAPITAL welcomes 1st LNG fuel-ready eco-friendly tanker in 2023

Greece-based ship management company Capital Ship Management (Capital) has taken delivery of the newbuild 50,000 dwt chemical/product medium-range (MR) tanker with LNG fuel-ready propulsion. On 27 January, Capital said it took delivery of the vessel named M/T Alkiviadis from Hyundai Vietnam Shipyard

about 3 years ago
Anegasaki thermal power station new unit 1 starts commercial operation
Business & Finance

Anegasaki thermal power station new unit 1 starts commercial operation

Japan’s Anegasaki thermal power station new unit 1, which energy company JERA Co. has been replacing through its subsidiary JERA Power Anegasaki G.K., has begun commercial operation. Thermal power station new unit 1 is an LNG-fired power station that uses a gas turbine combined-cycle power generatio

about 3 years ago
Minesto's Dragon 4 tidal energy device (Courtesy of Minesto)
Business & Finance

Minesto looks to strengthen its financial position through rights issue

Swedish company Minesto has announced plans for a rights issue of approximately €13.5 million worth of shares that will be used to progress its tidal energy technology and projects.

about 3 years ago
BV awards world’s first AiP for vessel cyber resilience
Business Developments & Projects

BV awards world’s first AiP for vessel cyber resilience

French classification society Bureau Veritas (BV) has awarded approval in principle (AiP) to Japanese shipping major MOL for the basic design of a ship network with cyber resilience measures.

about 3 years ago
Simulation supporting certification: Challenges behind certification of offshore structures and simulation way
Business Developments & Projects

Simulation supporting certification: Challenges behind certification of offshore structures and simulation way

Company infoSDC Verifier is an engineering company in mechanical and structural design that provides engineering consultancy services and tailor-made code-checking software. The SDC Verifier software is a powerful standard checking tool that helps to automatically verify your FEA results according t

about 3 years ago
Investigation reveals cause of fire incident on world’s 1st LH2 carrier Suiso Frontier
Authorities & Government

Investigation reveals cause of fire incident on world’s 1st LH2 carrier Suiso Frontier

Australian Transport Safety Bureau (ABTS) has concluded the investigation of a fire incident onboard the world’s first LH2 carrier Suiso Frontier that took place on 25 January 2022 on its maiden voyage. The ABTS’ investigation has found that the failure of an incorrectly-fitted electrical solenoid v

about 3 years ago
Lukoil hits production milestone in Caspian Sea
Business & Finance

Lukoil hits production milestone in Caspian Sea

Russian oil and gas giant Lukoil has produced 50 million tonnes of liquid hydrocarbons at its fields located in the Russian sector of the Caspian Sea. Lukoil discovered the Khazri gas condensate field following drilling and testing of prospecting wells last year. The company plans this year to submi

about 3 years ago
US DOE awards Port of Corpus Christi with $16.4M in CarbonSAFE grants
Authorities & Government

US DOE awards Port of Corpus Christi with $16.4M in CarbonSAFE grants

The Port of Corpus Christi has been allocated $16.4 million through the US Department of Energy’s (DOE) Carbon Storage Assurance Facility Enterprise (CarbonSAFE) initiative to evaluate the technical and economic feasibility of permanently storing captured carbon dioxide (CO2) from industrial operati

about 3 years ago
Vela drillship (former West Vela); Source: Diamond Offshore
Business & Finance

Diamond Offshore-managed drillship kicks off its new gig in Gulf of Mexico

Diamond Offshore has revealed that a drillship – managed on behalf of Aquadrill – has started its new assignment in the U.S. Gulf of Mexico.

about 3 years ago
DSME selects TMC compressors for BW LNG’s newbuild carriers
Business Developments & Projects

DSME selects TMC compressors for BW LNG’s newbuild carriers

Daewoo Shipbuilding and Marine Engineering (DSME) has contracted TMC Compressors to provide a marine compressed air system to four LNG carriers the shipbuilder is constructing for BW LNG. Norway-headquartered TMC, which manufactures marine compressors solely for marine and offshore use, will manufac

about 3 years ago
OCI, Unibarge to develop green methanol-fueled bunker barge
Business Developments & Projects

OCI, Unibarge to develop green methanol-fueled bunker barge

Dutch fuel producer OCI N.V. (OCI) has joined forces with compatriot barge operator Unibarge to develop Europe’s first dual-fuel bunker barge powered by green methanol.

about 3 years ago
Ammonia barge
Business Developments & Projects

Mitsubishi Shipbuilding eyes commercialization of its ammonia bunkering vessel

Mitsubishi Shipbuilding, a Yokohama-based subsidiary of Mitsubishi Heavy Industries, has completed a conceptual study for an ammonia bunkering vessel in collaboration with INPEX Corporation. The vessel will be capable of supplying ammonia fuel to ships and the project is being pursued amid the growi

about 3 years ago
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