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Floating solar project in Valencia reaches first milestones
Business & Finance

Floating solar demo project in Valencia reaches first milestones

BlueNewables, a Spanish engineering consultancy supporting the marine energy sector, is moving forward with its floating solar demonstration project in Valencia with the first round of contacts with main suppliers finished. BlueNewables reported on January 18 that its 1 MW PV-bos project in Valencia

about 2 years ago
Bahri
Business Developments & Projects

Bahri Chemicals to time-charter new methanol-powered tanker duo from Proman

Proman and Bahri ink a five-year agreement for Bahri Chemicals, a Bahri arm, to time-charter two methanol-powered ships, Stena Provident and Stena Progressive, to transport various products globally.

about 2 years ago
Tasmania’s hydrogen hub development to receive $70 million boost
Authorities & Government

Tasmania’s hydrogen hub development to receive $70 million boost

The Australian government is investing $70 million in the development of a hydrogen hub in Bell Bay, Northern Tasmania. The hub is expected to support the production of up to 45,000 tons of green hydrogen per year, create hundreds of jobs and support the manufacture of green metals and alloys like i

about 2 years ago
Illustration/DEEC-Tec-based wave energy system (Courtesy of US DOE)
Business Developments & Projects

US DOE releases $14.5M funding opportunity for R&D in marine and offshore wind energy

The U.S. Department of Energy (DOE) has launched a $14.5M funding opportunity, aiming to address challenges in marine and ocean renewable energy industries and to encourage innovation. DOE’s Water Power Technologies Office (WPTO) and Wind Energy Technologies Office (WETO) released the opportunity on

about 2 years ago
AtoB@C Shipping
Business Developments & Projects

AtoB@C Shipping: Third electric hybrid vessel launched in India

The third plug-in hybrid vessel ordered by AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company ESL Shipping, has been launched in India.

about 2 years ago
Mist rig; Source: Borr Drilling
Business & Finance

Multiple drilling ops on Canadian oil & gas firm’s agenda for 2024

Valeura Energy has outlined its plans for 2024, which entail a drilling program across multiple offshore fields in the Gulf of Thailand to boost production.

about 2 years ago
N-Sea's fleet to welcome yet another vessel
Business & Finance

N-Sea’s fleet to welcome yet another vessel

Another vessel is set to join N-Sea Group’s fleet as the company has chartered a 2016-built offshore support vessel for IRM, survey, UXO and cable operations. N-Sea has entered into an agreement with Rederij Groen to long-term charter the modern offshore support vessel Aquarius-G. With its length of

about 2 years ago
Técnicas Reunidas completes FEED work for Pembina and Marubeni’s hydrogen/ammonia plant
Business Developments & Projects

Técnicas Reunidas completes FEED work for Pembina and Marubeni’s hydrogen/ammonia plant

Spanish EPC contractor Técnicas Reunidas has completed the engineering design for the hydrogen and blue ammonia plant co-developed by Canada’s Pembina Pipeline Corporation and Japan’s Marubeni Corporation in Alberta, Canada. Under the contract awarded last year, Técnicas Reunidas carried out the pre

about 2 years ago
Snøhvit Future (illustration); Source: Equinor
Business & Finance

LNS picks up multi-billion deal for project designed to reinforce Norway’s gas supplier position

Equinor has hand-picked Leonhard Nilsen & Sønner (LNS), headquartered in Andøy in Nordland county, for work at its Snøhvit Future project.

about 2 years ago
Höegh Autoliners bags long-term deal with East Asian auto giant ahead of Aurora-class fleet debut
Business & Finance

Höegh Autoliners bags long-term deal with East Asian auto giant ahead of Aurora-class fleet debut

Oslo-based shipping company Höegh Autoliners ASA has revealed a new contract with a major East Asian car producer to transport cars, predominantly electric vehicles (EVs), from Asia to Europe. Valid until the conclusion of 2028, the agreement signifies a significant step for the company in the autom

about 2 years ago
Scorpio Tankers firms up options for five ships, sells one MR tanker
Vessels

Scorpio Tankers firms up options for five ships, sells one MR tanker

Monaco-based shipping company Scorpio Tankers has entered into an agreement to sell an MR product tanker, and has exercised the purchase options on five ships.

about 2 years ago
IK Group makes 'giant leap' into Asian market with new contract
Business & Finance

Norwegian subsea company makes ‘giant leap’ into Asian market with new contract

Norwegian supplier of subsea products and services IK Group has secured a contract to deliver clamps to an oil & gas pipeline emergency repair base in China, said to mark a giant leap for the company into the Asian market. IK Subsea and its in-country partner PAG Subsea Technology (Guangzhou) have s

about 2 years ago
Hanwha
Outlook & Strategy

Hanwa Group to build zero-emission gas carrier powered by alternative fuels

Dong Kwan Kim, Vice Chairman of South Korean business conglomerate Hanwha Group, has unveiled a new vision for the decarbonization of shipping and introduced Hanwha’s plans to build a zero-emission gas carrier at the 2024 World Economic Forum (WEF) meeting in Davos, Switzerland.

about 2 years ago
COSCO hands over first FSRU to Cyprus
Business Developments & Projects

COSCO hands over first FSRU to Cyprus

Shanghai COSCO Shipping Heavy Industry, a subsidiary of COSCO Shipping Heavy Industry, has held a delivery ceremony for the floating storage and regasification unit (FSRU) Etyfa Prometheas, which will serve the first Cyprus LNG import terminal in Vasilikos. According to COSCO, the project is China’s

about 2 years ago
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