U.S.-based project holding company Energy Capital Vietnam (ECV) said that B.Grimm Power and Siemens Energy have joined its consortium to develop an LNG-to-power project in Vietnam.
Ammonia-powered shipping JV has been awarded NOK 13.75 million in funding to build ammonia-powered vessels.
Subsea 7 has completed the installation of electrical heat traced flowline (EHTF) for Aker BP’s Ærfugl phase 2 project in the Norwegian Sea.
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has ordered tank design from French LNG containment specialist GTT for four new LNG carriers.
Greek ship management company Minerva Gas and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping signed a mission partnership agreement as a formal recognition of their joint commitment for the decarbonization of the global maritime industry.
Weekly LNG exports decreased by five vessels from last week, bringing down Henry Hub prices, according to the U.S. Energy Information Administration (EIA) report.
Kongsberg Maritime has successfully updated 19 Safety and Automation Systems (SAS) controllers on Aker BP’s FPSO vessel.
Shell has kicked off its controversial seismic survey activities off South Africa despite growing opposition from environmentalists.
Drilling costs for an exploration well located off Guyana are expected to increase as drilling operations are taking longer than expected.
On the site of the former Coal Island, Germany’s duisport is to construct the trimodal Duisburg Gateway Terminal (DGT) by 2023 together with Cosco Shipping Logistics, Hupac SA, and the HTS Group.
Caterpillar Marine has been selected as the power solutions provider for Edda Wind’s series of four new Commissioning Service Operation Vessels (CSOVs) being built at Astilleros Gondán, and two new Service Operation Vessels (SOVs) to be built at Astilleros Balenciaga shipyards in Spain. The six vess
Scottish tidal energy company Nova Innovation has secured €2.5 million to build an upscaled tidal energy turbine, expected to further slash the cost of tidal power.
Russian natural gas producer Novatek had signed a cooperation agreement with Russia’s Voronezh region to increase the participation of the local companies in Novatek’s LNG projects.
An unprecedented race for ocean space is on the horizon driven by the exponential growth of offshore wind power. It is expected that by 2050 offshore wind will overtake the oil and gas sector and receive the largest investments in the Blue Economy while the oil and gas industry will shrink to only 2
