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Prigorodnoye production complex at Sakhalin II project; Source: Gazprom
Authorities & Government

America and UK put two Russian oil majors on blacklist, as US sanctions spree spreads to 183 ‘shadow fleet’ vessels

The latest raft of sanctions, which comes from the United States (U.S.) and the United Kingdom (UK), targets Russia’s energy sector by focusing on two giant Russian oil producers alongside means of enabling crude oil production and exports.

21 minutes read
GRSE delivers next-gen electric ferry in West Bengal
Business Developments & Projects

GRSE delivers next-gen electric ferry in West Bengal

India’s Garden Reach Shipbuilders & Engineers (GRSE) has handed over a newbuild battery-powered electric ferry to the government of West Bengal.

about 1 year ago
An office building with a rainbow over it
Business & Finance

Duo stepping in to steady the ship at Galp until new CEO is picked

Portugal’s oil and gas company Galp has appointed two board members as interim Chief Executive Officers (CEOs) following the resignation of the firm’s previous leader.

about 1 year ago
International contractor hires Solstad vessel until end of 2027
Business & Finance

International contractor hires Solstad vessel until end of 2027

Norwegian shipping company Solstad Offshore has secured a three-year contract award with an international contractor for the construction support vessel (CSV) Normand Frontier. The firm contract starts immediately and will see the 2014-built vessel fully committed until the end of 2027. Normand Fron

about 1 year ago
Wilson’s new diesel-electric bulk carriers to run on NES power systems
Business Developments & Projects

Wilson’s new diesel-electric bulk carriers to run on NES power systems

Norwegian Electric Systems (NES) has secured a contract to deliver power systems for eight new diesel-electric bulk carriers being built for Wilson ASA at Udupi Cochin Shipyard in India.

about 1 year ago
Eco Wave Power’s wave energy tech endures stormy conditions at Jaffa Port
Business Developments & Projects

Wave energy system endures stormy conditions at Jaffa Port

Wave energy developer Eco Wave Power’s EWP-EDF One wave energy project at Jaffa Port in Israel operated without interruption during storm-classified conditions in the last week of December 2024, delivering constant energy despite challenging weather. With wave heights averaging 1,6 meters and peak p

about 1 year ago
A photo of Van Oord's cable laying vessel Nexus at sea
Business & Finance

Van Oord, DEME-CSBC JV to install Fengmiao 1 inter-array cables, foundations

Copenhagen Infrastructure Partners (CIP) has contracted the Dutch offshore construction company Van Oord and the joint venture between Belgian offshore construction specialist DEME and Taiwan’s largest shipbuilder CSBC for installation work at the Fengmiao 1 offshore wind farm in Taiwan. Van Oord’s

about 1 year ago
All green lights in for second Malta-Italy interconnector
Authorities & Government

Second Malta-Italy interconnector gets final approval, commissioning set for 2026

The second interconnector between Malta and Italy has officially been approved in both countries following the final permit from the Italian Ministry for the Environment and Energy Security (MASE). The IC2 interconnector will consist of a 122-kilometer high-voltage alternating current (HVAC) electri

about 1 year ago
OOCL
Vessels

OOCL: Another eco-friendly 16,828 TEU boxship is born

Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) has christened its third environmentally friendly 16,828 TEU containership, the OOCL Sunflower. As disclosed, the 165,000 dwt OOCL Sunflower, part of a ten-vessel series booked by OOCL, was named at China’s Dalian COSCO

about 1 year ago
Höegh Autoliners: One-third of multi-fuel Aurora-class fleet is now complete
Business Developments & Projects

Höegh Autoliners: One-third of multi-fuel Aurora-class fleet is now complete

Norwegian shipping company Höegh Autoliners has completed one-third of its multi-fuel Aurora-class pure car and truck carrier (PCTC) fleet with the addition of the fourth unit, Höegh Sunlight.

about 1 year ago
Rendering of the Ruwais LNG concept design; Source: ADNOC
Business Developments & Projects

US player secures Ruwais LNG storage tank job

TJN Ruwais JV, a joint venture between Technip Energies, JGC Corporation, and NMDC Energy–formerly National Petroleum Construction Company (NPCC)–has awarded Texas-based designer and builder of storage facilities CB&I with a contract for the engineering, procurement, and construction (EPC) of tanks

about 1 year ago
Navarino
Business Developments & Projects

Navarino becomes new owner of Castor Marine

UK-based maritime technology and connectivity company Navarino Group has acquired 100% of the shares of Castor Marine, a Dutch shipping and yachting internet connectivity and IT solutions provider.

about 1 year ago
Shah Deniz Alpha platform off the coast of Azerbaijan; Source: BP
Authorities & Government

BP shuts down production at offshore platform, Azerbaijan cuts off gas supplies to Bulgaria and Serbia

A pipeline malfunction has forced BP, the UK-headquartered energy giant, to temporarily stop production from a platform at one of the world’s largest gas-condensate fields and the company’s largest gas discovery ever.

about 1 year ago
Rendering of a liquefaction facility
Business & Finance

Alaska’s LNG project moves closer to reality after 10 years in the making, with Glenfarne as private investor

Alaska Gasline Development Corporation (AGDC), the developer of a liquefied natural gas (LNG) project in the U.S. northernmost state, has signed a framework agreement with compatriot Glenfarne to privately lead and fund the development of the project.

about 1 year ago
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