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Illustration; Source: Saipem
Business & Finance

Saipem scores $500 million for work on two offshore oil projects in Middle East

Saipem has got its hands on multimillion-dollar assignments on two projects off the coast of Saudi Arabia with the country’s oil and gas heavyweight Aramco.

about 2 years ago
RWE’s large hydrogen projects in Germany receive €818 million boost
Authorities & Government

RWE’s large hydrogen projects in Germany receive €818 million boost

The German and federal state governments have granted €818 million in funding to RWE’s large hydrogen projects.

about 2 years ago
Pioneering Spirit removes Ekofisk 2/4 G jacket; Source: Aker BP
Business & Finance

WATCH: World’s largest offshore construction vessel takes former platform’s jacket out of North Sea as recycling time comes

Allseas has performed another removal task in the North Sea with its giant offshore construction vessel for Aker BP, a Norwegian oil and gas player.

about 2 years ago
Panoramic view of Gwangyang 1st LNG Terminal; Source: POSCO International
Business & Finance

South Korea’s LNG terminal fully operational, second due in 2026

POSCO International has completed the construction of the first non-state-owned liquefied natural gas (LNG) terminal at the country’s Gwangyang port, which is meant to increase energy security for the East Asian country.

about 2 years ago
CDB Leasing
Vessels

TORM seals $340 million deal to buy eight MR tankers

Danish shipping company TORM has signed an agreement to purchase eight second-hand MR tankers for $340 million.

about 2 years ago
Scarlet Ibis LNG vessel; Source: Northern Marine
Business & Finance

Hyundai Glovis welcomes first LNG carrier to its fleet

Hyundai Glovis has entered the liquefied natural gas (LNG) transportation industry thanks to the delivery of its first LNG carrier, which was overseen by ship management and marine services solutions company Northern Marine.

about 2 years ago
WATCH: After 28 days at sea, Prysmian's new cable layer reaches Norway for final fit-out
Business & Finance

After 28 days at sea, Prysmian’s new cable layer reaches Norway for final fit-out (Video)

Prysmian’s new cable laying vessel (CLV) Monna Lisa has arrived at Vard’s shipyard in Norway from Romania, with outfitting completion, installation of main mission equipment and trials now on schedule. After the Italian cable giant disclosed plans to invest in the CLV Monna Lisa, a sister vessel to

about 2 years ago
Vard starts building final 86-meter ammonia-ready robotic vessel for Ocean Infinity
Business Developments & Projects

Vard starts building final 86-meter ammonia-ready robotic vessel for Ocean Infinity

Construction of the sixth 86-meter ammonia-ready robotic vessel ordered by Ocean Infinity has begun at Vard Vung Tau shipyard in Vietnam.

about 2 years ago
Fugro to survey site for Norway's first large-scale offshore wind farm
Project & Tenders

Irish TSO awards €300 million multi-party survey contract for Phase Two offshore wind farms

Irish transmission system operator (TSO) EirGrid has awarded a multi-party framework agreement for surveys that the TSO will perform at the offshore wind area(s) the Irish government will put up for tender next. The companies that secured long-term contracts, valued at €300 million in total, are Fug

about 2 years ago
AAL
Infrastructure

AAL names second methanol-ready Super B-Class vessel

Singapore-based shipping company AAL Shipping (AAL) is about to take delivery of the second methanol-ready dual-fuel multipurpose vessel following the naming ceremony at the CSSC Huangpu-Wenchong Shipyard in Guangzhou, China.

about 2 years ago
Longship launches, names third diesel-electric vessel
Vessels

Longship launches, names third diesel-electric vessel

Dutch shipping company Longship has held a launching and christening ceremony for the third out of four ultra-low-emission, diesel-electric general cargo ships at Türkiye’s Atlas Shipyard.

about 2 years ago
LNG heat exchanger; Source: Air Products
Business & Finance

Honeywell splashes out $1.81 billion on LNG business to boost energy transition offering

Honeywell has agreed to buy Air Products’ LNG process technology and equipment business to offer end-to-end services for global customers.

about 2 years ago
CIPP picks potential operator for green ammonia export terminal in Brazil
Business Developments & Projects

CIPP picks potential operator for green ammonia export terminal in Brazil

Stolthaven Terminals, in cooperation with Global Energy Storage (GES), has been selected by the Port of Pecém Authority (CIPP) as the only potential operator to plan, design, build and operate a green ammonia terminal in Pecém, in the State of Ceará, Brazil.

about 2 years ago
Höegh Autoliners launches third multi-fuel Aurora-class vessel
Business Developments & Projects

Höegh Autoliners launches third multi-fuel Aurora-class vessel

Norway-based shipping company Höegh Autoliners has launched the third multi-fuel Aurora-class pure car and truck carrier (PCTC).

about 2 years ago
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