The European Bank for Reconstruction and Development (EBRD) has decided to invest in Morocco’s maritime sector with a loan of up to MAD 690 million (equivalent to €65 million) to local port operator Marsa Maroc.
Norwegian shipping company Utkilen has upgraded its 10,500 dwt chemical tanker Mostraum to operate on liquefied natural gas (LNG).
Australia’s energy giant Santos has signed a binding long-term supply and purchase agreement (SPA) with Japan’s Shizuoka Gas for the delivery of liquefied natural gas (LNG) from its portfolio.
QatarEnergy has set the stage to get a stake in an exploration block off the coast of Namibia, thanks to a deal with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron Corporation.
Pushing its global fleet renewal plans a step further, global towage and marine services provider Svitzer has signed a contract with Hong Kong’s Cheoy Lee Shipyards for four new eco-friendly TRAnsverse tugs, with an option for an additional quartet of the same type. The company has disclosed that th
Norway’s subsea services provider Argeo has entered into a five-year agreement, with potential for an additional two years, with France’s energy giant TotalEnergies for offshore site investigation services. The two companies established a global framework agreement on legal terms and conditions (FAL
Following a new oil discovery near an asset that is already in operation, Vår Energi and its Equinor, are in the process of contemplating a tie-back of their latest discovery to the existing floating production, storage, and offloading (FPSO) unit in the Barents Sea.
Antwerp-Bruges Port Authority will introduce shore power facilities for cruise ships in Zweedse Kai, Zeebrugge, Belgium, allowing the switch to green electricity from the high-voltage grid at the quay.
Californian Port of Long Beach has released a draft study examining a 70-megawatt battery energy storage system (BESS) proposed by Pier S Energy Storage LLC.
U.S. liquefied natural gas (LNG) export project developer, Venture Global, has achieved first production at its second plant, situated in Port Sulphur, Plaquemines Parish, Louisiana.
U.S. public ferry service provider San Francisco Bay Ferry (SF Bay Ferry) has entered into an agreement to purchase the nation’s first three battery-electric high-speed passenger ferries from All American Marine.
The Netherlands-based tidal and wave energy developer Symphony Wave Power has completed its prototype assembly, paving the way for upcoming sea trials. According to the company, the hull and roll membrane have been installed, while hoses and electrical systems are now operational. Final preparations
Prompted by the continued growth of climate transparency from financial institutions, the global finance portfolio for shipping has moved closer to alignment with ambitious decarbonization trajectories set by the International Maritime Organization (IMO), aiming to remove emissions from internationa
Shell has greenlighted another multi-well development project to enrich oil production from an asset situated at a water depth of about 2,450 meters (8,040 feet) in the U.S. Gulf of Mexico (GoM), said to represent the world’s deepest floating oil platform.
