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EU
Authorities & Government

EU Commission okays French state aid of €102M for Port of Saint-Malo

The European Commission has approved, under EU state aid rules, French state aid worth around €102 million to modernize the Naye Ferry Terminal in the Port of Saint-Malo.

about 1 year ago
US DOE’s $2.5 million grant to boost hydrogen fuel use at Port of Oakland
Authorities & Government

US DOE’s $2.5 million grant to boost hydrogen fuel use at Port of Oakland

The U.S. Department of Energy (DOE) has granted $2.5 million for the development and demonstration of advances in fuel cell technology at the Port of Oakland.

about 1 year ago
Matson
Vessels

Matson kicks off construction on first of three new LNG-ready Aloha Class containerships

Following a steel cutting ceremony at Philly Shipyard, Pennsylvania, U.S.-based transportation and logistics company Matson has commenced construction on the first of the company’s three new liquefied natural gas-ready (LNG) Aloha Class containerships, engineered for its Hawaii and China-Long Beach

about 1 year ago
Geotechnical survey wraps up for first phase of South Korean floating wind project
Business Developments & Projects

Geotechnical survey wraps up for first phase of South Korean floating wind project

Korea Floating Wind (KF Wind), owned by Ocean Winds, Mainstream Renewable Power, and Kumyang Electric Co., has completed the geotechnical survey for the first phase of its 1,125 MW floating offshore wind project in South Korea. The first phase of the project, called East Blue Power, has a potential

about 1 year ago
A jack-up rig offshore
Business & Finance

With no free rigs and funding talks still underway, early-2025 drilling ops on UK player’s agenda off Cameroon

The UK-based oil and gas company Tower Resources has received a proposal to finance its planned drilling campaign in Africa via a farm-out of a minority interest in a production sharing contract (PSC) for an asset offshore Cameroon, where a well was due to be spud this year but rig unavailability an

about 1 year ago
Plans unveiled for ‘world’s first’ hydrogen-electric WIGE vessel
Collaboration

Plans unveiled for ‘world’s first’ hydrogen-electric WIGE vessel

US-based Sea Cheetah Corporation has entered into a strategic partnership with Toulouse-based hydrogen solutions expert H3 Dynamics to develop the “world’s first” hydrogen-electric wing-in-ground effect (WIGE) vessel and an ecosystem of fueling points.

about 1 year ago
A large group of people standing in front of a vessel
Business & Finance

Greek operator names LNG carrier

Greek shipping company TMS Cardiff Gas has held a naming ceremony for a liquefied natural gas (LNG) built by South Korea’s Samsung Heavy Industries (SHI).

about 1 year ago
Nuclear power could pave the way for bulkers to sail ‘longer, faster, and cheaper’, study finds
Business Developments & Projects

Nuclear power could pave the way for bulkers to sail ‘longer, faster, and cheaper’, study finds

Compared to a Newcastlemax bulk carrier powered by conventional very low sulfur fuel oil (VLSFO) and one powered by green ammonia, a nuclear-powered Newcastlemax bulk carrier could sail longer, faster, and cheaper, without producing greenhouse gas (GHG) emissions, a new study found. Amsterdam-based

about 1 year ago
Wärtsilä
Equipment

Wärtsilä systems picked for five 99,000 cbm VLEC newbuilds

Finnish technology group Wärtsilä has been selected to supply cargo handling and fuel gas supply systems for five new very large ethane carriers (VLECs) being built in China.

about 1 year ago
FSRU Toscana returning to Livorno; Source: OLT Offshore LNG Toscana
Business & Finance

With Italian FSRU en route to its post, tender goes up to secure LNG needed for cool-down and gas-up ops

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, has kicked off the required procedure to bring its floating storage and regasification unit (FSRU) back online since maintenance activities have been wrapped up and the u

about 1 year ago
US underwater robot starts commercial ops at Gulf of Mexico field
Automation

US autonomous underwater robot starts commercial ops in Gulf of Mexico

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has commenced commercial operations of its flagship underwater vehicle Aquanaut Mark 2, following the completion of qualification testing. The Aquanaut deemed Vehicle 2 completed the qualification testing at a d

about 1 year ago
MAN ES’ subsidiary opens automated electrolyzer gigafactory in Hamburg
Business Developments & Projects

MAN ES’ subsidiary opens automated electrolyzer gigafactory in Hamburg

Electrolysis specialist Quest One, a subsidiary of MAN Energy Solutions (MAN ES), has opened a new “gigahub” for the serial and automated production of electrolysis stacks in Hamburg, Germany.

about 1 year ago
Orbital Marine's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Business Developments & Projects

UK study maps out complex tidal flows around ‘world’s most powerful tidal turbine’

A team of scientists from the Marine Biological Association, the University of Plymouth, and the University of the Highlands and Islands (UHI) Shetland have analyzed how Orbital Marine Power’s O2 turbine interacts with Orkney’s powerful currents, providing insights into the optimal placement of tida

about 1 year ago
Illustration; Source: ADNOC Drilling
Business & Finance

$1.7 billion drilling campaign for 144 wells unleashing additional oil & gas before 2025 ends while hinting at more to come

Three player have given birth to the Turnwell joint venture, which is now in charge of handling an initial 144-well program, whose completion has been accelerated to unlock unconventional oil and gas resources from the wells by the fourth quarter of 2025 while giving out clues about the potential fo

about 1 year ago
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