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Three connected offshore platforms at sunset
Business Developments & Projects

Azule Energy strikes gas in Angola’s pioneering wildcat

Azule Energy, a joint venture between Eni and BP, has made a gas discovery in an offshore block situated in Angola’s Lower Congo Basin.

about 1 year ago
An FPSO at sea
Business Developments & Projects

ExxonMobil wins extension for block offshore Angola

The Angolan subsidiary of U.S.-headquartered energy major ExxonMobil and its consortium partners have secured an extension of a production sharing contract (PSC) for a block offshore Angola.

about 1 year ago
LS Cable LS Marine solution anma
Business & Finance

LS Cable & System signs contracts for 532 MW offshore wind farm in South Korea

LS Cable & System and its subsidiary LS Marine Solution have won a contract for the supply and installation of cables for the 532 MW Anma offshore wind project in South Korea. The contracts are worth ₩177 billion (approximately $185 million). LS Marine Solution will be responsible for laying the sub

about 1 year ago
Pinnacle Marine introduces Singapore’s first fully biodiesel-powered harbor craft
Business Developments & Projects

Pinnacle Marine introduces Singapore’s first fully biodiesel-powered harbor craft

Singapore-based vessel builder Pinnacle Marine has launched its first B100 biofuel-powered utility boat, paving the way for the nation’s sustainable harbor craft sector.

about 1 year ago
Two men shaking hands
Business Developments & Projects

Naftogaz teams up with Baker Hughes to modernize Ukrainian energy sector

Ukraine’s state-owned energy company Naftogaz has signed a memorandum of understanding (MoU) with U.S.-headquartered energy technology giant Baker Hughes to explore opportunities for fortifying the energy sector in Ukraine.

about 1 year ago
LNG-fueled Star of the Seas joins Royal Caribbean fleet
Business Developments & Projects

LNG-fueled Star of the Seas joins Royal Caribbean fleet

U.S.-based cruise holding company Royal Caribbean has taken delivery of an LNG-fueled Icon-class newbuild Star of the Seas from Finnish shipbuilder Meyer Turku.

about 1 year ago
€2.45 million wave energy project targets Atlantic coastal deployment
Business & Finance

€2.45 million wave energy project targets Atlantic coastal deployment

Wave energy developer Eco Wave Power has joined a newly approved €2.45 million project under the Interreg Atlantic Area Program, focused on advancing scalable wave energy deployment across Europe’s Atlantic coastline. According to Eco Wave Power, the project, named Atlantic Wave Energy Sustainable

about 1 year ago
Vallourec's orders surge with ADNOC, CNOOC and PetroChina deals
Business & Finance

Vallourec’s orders surge with ADNOC, CNOOC and PetroChina deals

French provider of tubular solutions Vallourec has secured a number of new contracts under which it is set to deliver oil country tubular goods (OCTG) to the UAE’s Abu Dhabi National Oil Company (ADNOC), as well as CNOOC and PetroChina in Iraq. ADNOC has placed an order described as significant for

about 1 year ago
SHI
Business Developments & Projects

SHI, Evergreen team up on VR dual fuel vessel seafarer training

South Korean shipbuilder Samsung Heavy Industries (SHI) has collaborated with Taiwanese container shipping company Evergreen to develop and install virtual reality (VR) solutions intended to teach seafarers how to operate green ships.

about 1 year ago
Skandi Tender vessel at sea
Business Developments & Projects

AHTS vessel pair leaving DOF’s fleet

The Danish subsidiary of Norway’s vessel owner DOF Group has inked deals with an undisclosed international buyer to sell two vessels from its fleet.

about 1 year ago
European Investment Bank approves €168M for second Malta-Italy interconnector
Business & Finance

European Investment Bank approves €168M for second Malta-Italy interconnector

The European Investment Bank (EIB) has approved financing in the amount of approximately €168 million for the second electrical interconnector between Malta and Italy. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC electrical cable interconnection between the Terna subs

about 1 year ago
‘Historic milestone’: Latin America’s first electric tugboat christened
Business Developments & Projects

‘Historic milestone’: Latin America’s first electric tugboat christened

Latin America’s first electric tugboat, a joint endeavor by Empresa Nacional del Petróleo (Enap) and harbor towage services provider SAAM, has been christened in Chile, marking ‘a historic milestone’ for the country and the region.

about 1 year ago
Rendering of Argent LNG tanks and a vessel
Business Developments & Projects

More acreage secured for Louisiana’s LNG export project

A port commission in the U.S. state of Louisiana has purchased an additional area of land to support the expansion of a future export terminal project in Port Fourchon.

about 1 year ago
Vopak
Collaboration

IHI, Vopak to jointly develop, operate ammonia terminal in Japan

Japanese engineering corporation IHI Corporation (IHI) and Dutch tank storage company Royal Vopak (Vopak) have signed a joint development agreement under which they plan to establish a new joint venture for the development and operation of an ammonia terminal in Japan.

about 1 year ago
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