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MOL’s third LNG-fueled ferry enters service
Business Developments & Projects

MOL’s third LNG-fueled ferry enters service

Sunflower Kamuy, a newbuild LNG-fueled ferry operated by MOL Sunflower, has officially entered service.

about 1 year ago
K Shipbuilding
Vessels

Advantage Tankers to welcome new eco-friendly tankers as global fleet balloons

As the number of newbuild tankers to be welcomed in 2025 swells, Swiss shipping player Advantage Tankers is gearing up to expand its fleet with a dual-fuel 319,000 dwt crude oil tanker and a dual fuel-ready 157,000 dwt Suezmax tanker trio. It is understood that the 319,000 dwt newbuilding is current

about 1 year ago
ConocoPhillips becomes sole operator of Malaysian cluster
Business & Finance

ConocoPhillips becomes sole operator of Malaysian offshore cluster

Malaysia’s state-owned energy player Petronas has officially transferred its contractual right for a cluster of oil & gas fields in Malaysia to a subsidiary of U.S. energy company ConocoPhillips. Petronas, through Malaysia Petroleum Management (MPM), completed the transfer of operatorship for the Ke

about 1 year ago
Baleària
Collaboration

Baleària unveils design of all-electric fast ferries to operate on Spain-Morocco 1st green corridor

Spanish ferry operator Baleària has embarked on a project to implement the first green corridor between Spain and Morocco, which will be served by two 100% electric, zero-emission fast ferries.

about 1 year ago
Ren-Gas to use MAN ES’ technology for its e-methane plant in Finland
Business Developments & Projects

Ren-Gas to use MAN ES’ technology for its e-methane plant in Finland

Nordic Ren-Gas has selected German engine manufacturer MAN Energy Solutions (MAN ES) as a technology provider for its e-methane project in Tampere, Finland.

about 1 year ago
Towngas partners with Global Energy to set up green methanol supply chain
Business Developments & Projects

Towngas partners with Global Energy to set up green methanol supply chain

Hong Kong and China Gas Company (Towngas) has joined forces with Singapore’s Global Energy Trading to work on advancing the supply and distribution of green methanol as a marine fuel.

about 1 year ago
Ulstein Design & Solutions wins its largest aftermarket design contract for cable-layer
Business & Finance

Ulstein Design & Solutions wins its largest aftermarket design contract for cable layer

Ulstein Design & Solutions has secured what it says is its largest-ever aftermarket design contract for a cable-laying vessel (CLV), owned by the Taiwanese Dong Fang Offshore (DFO). The contract for the Orient Adventurer, previously known as Polar Onyx, includes both basic design and engineering pro

about 1 year ago
A man and a woman sitting behind a desk
Business & Finance

ADNOC inks $450 million LNG supply deal with JERA

JERA Global Markets, a trading subsidiary of Japan’s energy major JERA, has signed a liquefied natural gas (LNG) supply agreement with UAE’s ADNOC Gas and its subsidiaries.

about 1 year ago
Rendering of Alaska LNG plant
Authorities & Government

$1.3 trillion windfall coming up on America’s GDP horizon with LNG bonanza

With 14 multibillion-dollar projects lined up on the LNG export menu, America seems poised to reach the $1.3 trillion gross domestic product (GDP) promise spotlighted in a recent S&P Global study, making a strong case for an LNG boom.

23 minutes read
An image rendering Brayton Point subsea cable plant
Business & Finance

Prysmian drops plan to build $200 million subsea cable factory in Massachusetts

Prysmian has informed local authorities in Somerset, Massachusetts, about the company’s decision not to move forward with the factory for offshore wind power cables that was planned to be built at Brayton Point on a site that previously housed a coal-fired power plant which was shut down in 2017. Ac

about 1 year ago
Illustration; Source: Bureau Veritas
Business & Finance

Workforce cuts on the rise: Oil & gas giants’ cost-saving quests fuel layoffs’ wave

Price volatility, rise in costs, climate change, energy transition agendas, rising power demand, and emerging technologies and innovations, including market evolution, automation, and progress in unleashing the benefits of artificial intelligence (AI), have also played their part in shrinking the jo

24 minutes read
Solstad scores trifecta for a busy 2025
Business & Finance

Solstad scores trifecta for a busy 2025

Norwegian shipping company Solstad Offshore has secured contracts for two of its construction support vessels (CSVs) and one anchor handling tug supply (AHTS) vessel, all with undisclosed clients. The CSV Normand Jarstein will kick off a 135-day contract in March, under which it will deliver subsea

about 1 year ago
Valaris DS-9 drillship; Source: ExxonMobil
Authorities & Government

ExxonMobil, QatarEnergy get drilling ops with Valaris rig underway as Cyprus and Egypt sow the seeds of energy bonds

ExxonMobil and QatarEnergy have fired the starting gun on drilling activities off the coast of Cyprus, using one of the drillships owned by Valaris.

about 1 year ago
MPA
Infrastructure

MPA: Alternative bunker fuel sales exceed 1 million tonnes in 2024

Sales of alternative bunker fuels exceeded one million tonnes for the first time to reach 1.34 million tonnes in 2024, the Maritime and Port Authority of Singapore (MPA) has revealed.

about 1 year ago
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