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Höegh Autoliners
Business & Finance

Höegh Autoliners doubles biofuel use in 2023

Norway-based shipping company Höegh Autoliners has doubled its biofuel usage from 2022 to 2023 in response to growing demand for green transportation.

about 2 years ago
Gorgon project; Source: Chevron
Business & Finance

Tokyo Gas sells interests in four Australian LNG projects to make room for further energy transition investments

Tokyo Gas has sold minority interests in four LNG projects offshore Australia, with law firm Norton Rose Fulbright acting as legal counsel.

about 2 years ago
MOL’s Aramo Shipping welcomes LPG dual-fuel LPG/ammonia carrier
Vessels

MOL’s Aramo Shipping welcomes LPG dual-fuel LPG/ammonia carrier

Aramo Shipping (Singapore), a group company of Japanese shipping major Mitsui O.S.K. Lines (MOL), has taken delivery of a liquefied petroleum gas (LPG) dual-fuel LPG/ammonia carrier from compatriot shipyard Namura Shipbuilding.

about 2 years ago
Hygen picks ITM Power’s electrolyzers for hydrogen projects across Europe
Business Developments & Projects

Hygen picks ITM Power’s electrolyzers for hydrogen projects across Europe

Hygen Energy has appointed ITM Power as a preferred supplier of PEM electrolyzers for hydrogen projects within the UK and across wider Europe.

about 2 years ago
Van Oord christens fifth USV as new CEO takes over
Business & Finance

Van Oord christens fifth USV as new CEO takes over

Van Oord has held the christening ceremony for its fifth unmanned autonomous survey vessel (USV), developed jointly with DEMCON Unmanned Systems. The VO:X Barentsz USV came after Van Oord’s in-house survey department and DEMCON Unmanned Systems jointly developed and operated four USVs in the past ye

about 2 years ago
Minesto CEO: Q1 2024 lays foundation for path to commercial tidal energy array buildout
Business & Finance

Minesto CEO: Q1 2024 lays foundation for path to commercial tidal energy array buildout

Swedish tidal energy developer Minesto has reported a total operating income of approximately SEK 6.8 million (around €582,255) for Q1 2024, a quarter the company said has laid the foundation for the path toward the buildout of commercial arrays. The total operating income saw a decline from SEK 12.

about 2 years ago
d'Amico
Vessels

D’Amico back at Jiangsu New Yangzi for two more eco LR1 tankers

D’Amico Tankers, part of Italian shipping company d’Amico International Shipping (DIS), has returned to Chinese shipyard Jiangsu New Yangzi Shipbuilding with an order for two additional long-range (LR1) eco tankers.

about 2 years ago
Rendering of proposed SPOT fixed-platform; Source: Enterprise Partners
Authorities & Government

‘Largest’ oil export project in US waters greenlighted: Smooth sailing or more legal action on the horizon?

A deepwater port license has been issued for a project that is said to be the largest oil export project in U.S. history.

about 2 years ago
Fluxys to take charge of hydrogen network in Belgium
Authorities & Government

Fluxys to take charge of hydrogen network in Belgium

Federal Energy Minister Tinne Van der Straeten has appointed Fluxys as operator for the development and management of a hydrogen transmission grid in Belgium.

about 2 years ago
MOL
Business & Finance

MOL obtains another transition-linked loan

Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to raise funds through a syndicated transition-linked loan using the performance-based interest subsidy system based on Japan’s Act on Strengthening Industrial Competitiveness.

about 2 years ago
New Chinese e-tug to sport Schottel’s equipment
Equipment

New Chinese e-tug to sport Schottel’s equipment

German propulsion system manufacturer Schottel has been contracted to provide two RudderPropellers type SRP 360 in the LE-Drive variant for Guangzhou Port Group’s latest e-tug.

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Authorities & Government

Equinor all set to kick off drilling ops with Transocean rig

Equinor has received consent to embark on offshore drilling activities with one of Transocean’s rigs in the Barents Sea.

about 2 years ago
Significant offshore wind growth brings Fugro strong start of the year
Business & Finance

Significant offshore wind growth brings Fugro strong start of the year

In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9%

about 2 years ago
New Japanese alliance looking into ammonia supply chain in Hokkaido
Business Developments & Projects

New Japanese alliance looking into ammonia supply chain in Hokkaido

Japanese companies have started a joint study for the establishment of an ammonia supply chain based in the Tomakomai area of Hokkaido.

about 2 years ago
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