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A floating production storage and offloading (FPSO) unit
Business Developments & Projects

Eni looking to rebalance portfolio by divesting stakes in West African assets to Vitol for $1.65B

Italy’s energy giant Eni has reached an agreement with energy and commodities company Vitol to sell a portion of interests in certain assets it owns in Cote d’Ivoire and the Republic of Congo.

about 1 year ago
Lomarlabs and Newlight to pilot hydrogen-diesel engine retrofits
Business Developments & Projects

Lomarlabs and Newlight to pilot hydrogen-diesel engine retrofits

Lomarlabs, an innovation arm of Lomar Shipping, has joined forces with technology company Newlight to pilot hydrogen-diesel engine retrofits and accelerate cost-effective, lower-emission solutions for maritime decarbonization.

about 1 year ago
DP World and Maersk pen long-term agreement to expand maritime services in Brazil
Business Developments & Projects

DP World and Maersk pen long-term agreement to expand maritime services in Brazil

Dubai-based terminal operator DP World has signed a long-term strategic agreement with Danish shipping giant Maersk to expand maritime services at its terminal in the Port of Santos, Brazil.

about 1 year ago
Inch Cape export
Business & Finance

Enshore Subsea wins cable installation gig for one of Scotland’s largest offshore wind projects

UK-headquartered Enshore Subsea has secured an export cable installation contract for one of Scotland’s largest offshore wind projects, the 1.1 GW Inch Cape. The Inch Cape offshore wind farm will feature two 85-kilometer, 220 kV, three-phase export cables, each delivered in three sections and requir

about 1 year ago
FPSO Triton; Source: Dana Petroleum
Business & Finance

Restart hold-up ratchets up UK oil & gas firm’s ‘frustrations’ with North Sea FPSO’s performance

Serica Energy has disclosed a delay in resuming production from its assets in the North Sea, as more time is needed to fix the issue hampering a floating production, storage, and offloading (FPSO) vessel’s performance on the UK Continental Shelf (UKCS).

about 1 year ago
Motion Ventures
Business Developments & Projects

Motion Ventures targets $100M to drive green innovation in maritime industry

Motion Ventures, a Singapore-based maritime venture investment fund, has unpacked what it endeavors to be its “largest maritime tech fund ever” valued at a staggering $100 million, aimed at supporting decarbonization as well as digitalization of the maritime industry. Powered by Rainmaking, a UK-bas

about 1 year ago
Port of Açu lines up third ammonia project with new land reservation contract
Business & Finance

Port of Açu lines up third ammonia project with new land reservation contract

Brazil’s Port of Açu and renewable fuels producer Sempen have entered into a land reservation agreement for the construction of a green ammonia plant in the port’s industrial complex in the north of the State of Rio de Janeiro.

about 1 year ago
Stena Line
Business Developments & Projects

Stena Line picks Norsepower rotor sails for brand new methanol-ready NewMax ferry

Swedish ferry company Stena Line has decided to equip its methanol hybrid newbuild roll-on/roll-off (RoRo) vessel with a wind propulsion solution to be provided by Finish cleantech company Norsepower.

about 1 year ago
Akçakoca platform; Source: Trillion Energy
Business & Finance

Wheels up to up hydrocarbon production ante at giant gas field offshore Türkiye

Trillion Energy is working on implementing solutions to bolster and maintain natural gas production in the long run at its giant field offshore Türkiye, with a gas lift compressor system.

about 1 year ago
Offshore platform and vessel
Business Developments & Projects

Ukraine stocking up on US LNG thanks to deal with Orlen

Poland’s Orlen Group has signed a liquefied natural gas (LNG) supply contract with Ukraine’s state-owned energy company Naftogaz.

about 1 year ago
FPSO BW Pioneer; Source: BW Offshore
Business & Finance

More time for FPSO sale to go through as Murphy Oil prolongs BW Offshore’s US gig

Murphy Oil Corporation has lengthened the current deal for a floating production, storage, and offloading (FPSO) working at its asset in the Gulf of America, formerly the U.S. Gulf of Mexico.

about 1 year ago
Res Integra joins forces with Ohmium for green hydrogen project in Sicily
Business Developments & Projects

Res Integra joins forces with Ohmium for green hydrogen project in Sicily

Res Integra has partnered with Ohmium International for a green hydrogen project in Sicily.

about 1 year ago
Crowley's American Energy, said to be the first U.S. LNG carrier to supply Puerto Rico with U.S.-sourced energy; Source: Crowley
Business & Finance

American Energy ready to fortify Puerto Rico’s security of supply with LNG cargos

Crowley has joined forces with Naturgy, enabling it to send what it describes as the first U.S. LNG carrier (LNGC) to Puerto Rico, bolstering the North American country’s energy security amid growing power demand.

about 1 year ago
Maersk
Market Outlooks

Danish Shipping shares 10 recommendations to scale up production of green fuels

Trade and employers’ association Danish Shipping has launched its recom­men­da­tions to accelerate the production of alternative fuels.

about 1 year ago
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