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Norve jack-up rig; Source: Borr Drilling
Business & Finance

Africa is richer for another ‘substantial’ oil discovery

BW Energy has struck oil at a pilot appraisal well located on a field in the Dussafu license off the coast of Gabon.

about 2 years ago
Rendering of Rio Grande LNG; Source: NextDecade
Business & Finance

Rio Grande LNG deals enable ADNOC to spread its low-carbon energy wings in US

ADNOC has sealed agreements for LNG offtake and an equity position in Rio Grande LNG (RGLNG) export project located in Texas.

about 2 years ago
FPSO Atlanta; Source: Yinson Production
Business & Finance

Enauta-3R merger reaches new stage

Brazil’s Enauta and 3R Petroleum have approved the signing of protocols setting forth the terms and conditions for their proposed merger.

about 2 years ago
LNG carrier TENERGY delivered and chartered
Vessels

TEN boosts its fleet with six eco-friendly ships

Greek shipping company Tsakos Energy Navigation (TEN) has welcomed six environmentally friendly ships since the beginning of 2024.

about 2 years ago
Marella Cruises
Business Developments & Projects

Marella Cruises launches microplastic capture trial with Cleaner Seas Group

British cruise line Marella Cruises, part of TUI UK, and Cornwall-based greentech innovation company Cleaner Seas Group have embarked on an industry-first initiative with a six-month trial in microplastic capture aboard the Marella Explorer.

about 2 years ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Authorities & Government

Türkiye reinforces gas ties with US and Azerbaijan, notches up renewable electricity milestone

In the wake of the BOTAŞ-ExxonMobil LNG deal, Türkiye has taken steps to strengthen its energy bonds with the United States and Azerbaijan.

about 2 years ago
Cai Mep LNG Terminal; Source: Nebula Energy
Business & Finance

Vietnam’s LNG terminal draws closer to start-up date

AG&P LNG and Hai Linh Company have disclosed the start of commissioning activities for one of two existing LNG terminals in Vietnam.

about 2 years ago
Illustration/University of Edinburgh's FloWave test tank (Courtesy of the University of Edinburgh)
Outlook & Strategy

FloWave marks its 10th anniversary

The £12 million (approximately $15,2 million) facility, funded by EPSRC, is utilized for testing scaled-down prototypes of emerging commercial technologies and for academic research related to ocean activities.

about 2 years ago
Mitsui backs maritime investment fund to support sustainable shipping
Business & Finance

Mitsui backs maritime investment fund to support sustainable shipping

Japanese trading company Mitsui & Co. has decided to invest in a maritime investment fund, managed by Danish fund management company Navigare Capital Partners, targeting $650 million in capital focusing on sustainable shipping including green vessels and carriers.

about 2 years ago
Genevos Marine Fuel Cell Hydrogen Power Module 40 kW
Business Developments & Projects

Genevos joins H2-SEAS consortium in hydrogen electric fishing vessel project

Genevos, a French specialist in hydrogen and fuel cell power systems integration for the maritime sector, has joined the H2-SEAS consortium that aims to develop and build a hydrogen-electric fishing vessel prototype.

about 2 years ago
Darren Woods, ExxonMobil's CEO; Source: ExxonMobil
Authorities & Government

ExxonMobil: Lawsuit against ‘activists masquerading as shareholders’ has investors’ interests at heart

ExxonMobil has pressed ahead with legal action against Arjuna Capital and Follow This to stop a re-submission of their proposal on Scope 3 emission-reduction targets.

about 2 years ago
Operation to connect subsea well infrastructure to Brazilian FPSO about to commence
Business & Finance

Operation to connect subsea well infrastructure to Brazilian FPSO about to begin

Subsea equipment installation is about to commence at Enauta’s Atlanta field offshore Brazil, connecting the wells to the floating production, storage, and offloading (FPSO) vessel which arrived at the site earlier this month. Specialized vessel Sapura Ônix is en route to the field in the Santos Bas

about 2 years ago
a floating facility that is a commercial-scale 250kW demonstration system
Business Developments & Projects

Tidal energy company gets new name and new CEO

“We are excited to launch Occurrent Power and continue the work of BigMoon and its founder Lynn Blodgett to develop sustainable energy solutions that harness the natural flow of ocean currents and tides,” said the new CEO.

about 2 years ago
strategy
Authorities & Government

Shipbuilding sector, trade unions demand EU maritime industrial strategy

The Shipyards’ & Maritime Equipment Association of Europe (SEA Europe) and the federation of trade unions industriAll Europe – the social partners for shipbuilding and ship repair – have called on the next European Commission to issue ‘a robust EU maritime industrial strategy’.

about 2 years ago
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