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Norwegian company pressing on with development of e-methane facility in Finland
Business Developments & Projects

Norwegian company pressing on with development of e-methane facility in Finland

Norwegian energy company Freija is progressing with the development of a large-scale e-methane production facility in Nokia, Tampere region, Finland.

about 1 year ago
Tartaruga field; Source: Petrobras
Business & Finance

Petrobras starts the divestment ball rolling for Brazil’s shallow water oil & gas field

Petrobras has rolled up its sleeves on the sale of its working interest in a producing shallow water field in the Sergipe-Alagoas Basin off the coast of Brazil by embarking on the binding phase to dispose of its stake.

about 1 year ago
WinGD
Technology

WinGD’s X-DF-A ammonia engine aces initial performance milestone

Switzerland-headquartered marine power company WinGD has recorded “key” parameters in accord with the expectations during an early testing phase of its new X-DF-A ammonia-fueled engine design. As informed, a 52-bore single-cylinder variant of the X-DF-A engine is currently operating at the company’s

about 1 year ago
Arkticheskaya jack-up floating drilling rig; Source: Gazprom
Business & Finance

Gazprom’s gas reserves trump production rates with lion’s share in Arctic and Yamal Peninsula

Russia’s energy giant Gazprom has expanded its natural gas resource base by performing geological exploration in 2024 to fortify the Russian Federation’s energy security. This enabled the company to augment its gas reserves so that they once again eclipse its production rates, with the biggest chunk

about 1 year ago
UK-headquartered AIS has secured a contract for the Mero 4 oil field, located approximately 200 kilometers off the coast of Rio de Janeiro.
Business Developments & Projects

AIS secures subsea insulation contract for project in Brazil

UK-headquartered AIS has secured a subsea insulation contract for the Mero 4 oil field in Brazil, representing its fifth award for insulation systems in the region. The company will supply its ContraTherm C25 insulation system for the production pipeline end termination (PLET) and production and wat

about 1 year ago
Lithuania’s first hydrogen-electric ship hits the water
Green Marine

Lithuania’s first hydrogen-electric ship hits the water

Lithuania’s first green hydrogen and electricity-powered ship, commissioned by the Klaipėda State Seaport Authority, has been moved from shipyard into water.

about 1 year ago
Port of Aarhus
Business Developments & Projects

Shore power for containerships at Port of Aarhus soon reality

Containerships calling at the container terminal at the Port of Aarhus will soon be able to turn off their diesel generators and receive shore power.

about 1 year ago
PEL 94 offshore Namibia; Source: Global Petroleum
Business & Finance

Namibian oil prospect gets ‘well-known’ players’ attention, extending farm-out timeline

Global Petroleum, an AIM-listed oil and gas upstream exploration company presently focused on Africa and the Mediterranean, has decided to prolong its previous timeline to secure a farm-in agreement with a potential operating partner for its petroleum exploration license (PEL) 94 in Block 2011A in t

about 1 year ago
After maiden job in the Netherlands, China’s first subsea cable shuttle barge going to UK
Business & Finance

After maiden job in the Netherlands, China’s first subsea cable shuttle barge going to UK

China’s first dedicated long-range heavy subsea cable transport barge has completed its inaugural mission at an offshore wind project and will undergo maintenance before embarking on a new mission. Chinese power cable specialist Orient Cable launched the barge named Dongfang Haigong 07 (DFHG 07) in

about 1 year ago
Oh, captain, (new) captain: Trump’s maritime masterstroke or navigational gamble?
Authorities & Government

Oh, captain, (new) captain: Trump’s maritime masterstroke or navigational gamble?

Among the flurries of orders issued in the first hours post-inauguration, the current President of the United States Donald Trump has positioned Louis E. Sola at the very helm of the Federal Maritime Commission (FMC) and cast a long shadow over critical maritime issues. As disclosed, Sola was first

about 1 year ago
Illustration; Source: ADES
Business & Finance

Rig’s 365-day Nigerian offshore drilling gig enables ADES’ first foray into West Africa

ADES has expanded its global presence by spreading its wings to the eleventh country, thanks to an offshore drilling assignment one of its jack-up rigs will undertake off the coast of Nigeria.

about 1 year ago
DNV
Business Developments & Projects

DNV, HMD, KSOE unite to drive digital innovation in maritime

Norway-based classification society DNV has signed a memorandum of understanding (MoU) with South Korea’s HD Hyundai Mipo (HMD) and HD Korea Shipbuilding & Offshore Engineering (KSOE) on new standards for using digital twins to test electric propulsion systems.

about 1 year ago
Illustration; Source: ConocoPhillips
Authorities & Government

Nearly $9 billion win for ConocoPhillips as Venezuela loses arbitration case over three oil projects

As the World Bank’s International Centre for the Settlement of Investment Disputes (ICSID) has upheld the previous decision, rejecting Venezuela’s appeal, the country is required to dish out $8.7 billion to ConocoPhillips.

about 1 year ago
Mabanaft to rebuild tank terminal in Hamburg to facilitate methanol import and storage
Authorities & Government

Mabanaft to rebuild tank terminal in Hamburg to facilitate methanol import and storage

Germany’s energy company Mabanaft plans to rebuild its tank terminal in the Port of Hamburg to enable the storage of methanol and facilitate its import to Northern Germany.

about 1 year ago
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