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Santos
Business & Finance

Australian oil & gas giant and Korean player join forces to decarbonize Asia with carbon capture and storage

Santos and SK E&S will pool resources on cross-border carbon capture and storage (CCS) solutions to assist Asia in lowering its carbon footprint.

about 2 years ago
Hanwha Ocean bags $498 million order for world’s largest ammonia carriers
Business Developments & Projects

Hanwha Ocean bags $498 million order for world’s largest ammonia carriers

South Korean shipbuilding major Hanwha Ocean has secured an order worth KRW 656.2 billion (around $498 million) to construct four very large ammonia carriers (VLACs) for Greek shipowner Naftomar Shipping and Trading. According to Hanwha Ocean, each VLAC will be able to transport 93,000 cubic meters

about 2 years ago
MOL welcomes LNG-powered coal carrier Reimei
Collaboration

MOL welcomes LNG-powered coal carrier Reimei

Japanese shipping company Mitsui O.S.K. Lines (MOL) and Kyushu Electric Power Co. have revealed that LNG-powered coal carrier Reimei was delivered and started operation on November 14.

about 2 years ago
MSC Cruises orders two new LNG-powered World Class ships at Chantiers de l’Atlantique
Business Developments & Projects

MSC Cruises orders two new LNG-powered World Class ships at Chantiers de l’Atlantique

MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has confirmed the order for two new LNG-powered cruise ships at French shipyard Chantiers de l’Atlantique. The ships belong to MSC Cruises’ World Class series, which includes the already-delivered MSC World Europa and MSC World Amer

about 2 years ago
N-Sea strengthens subsea activities with 60-meter-long vessel
Business & Finance

N-Sea strengthens subsea activities with 60-meter-long vessel

Netherlands-headquartered N-Sea is strengthening its fleet and subsea activities with a 2012-built offshore support vessel. N-Sea Group entered into an agreement with Rederij Groen to long-term charter the Dutch-flagged vessel 4-WINDS. The company said that with the long-term charter, it was strengt

about 2 years ago
Odfjell
Business Developments & Projects

Odfjell bolsters fleet with six new eco tankers

Norwegian shipping company Odfjell SE has decided to expand its fleet with six newbuildings through a combination of long-term time charter and pool agreements.

about 2 years ago
FPSO Okha; Source: Woodside
Business & Finance

Jadestone expands its stake in Australian offshore oil-producing fields

Jadestone Energy has set the wheels into motion to get additional interest in a project, encompassing oil-producing fields off Australia.

about 2 years ago
CNOOC
Business & Finance

Chinese giant brings on stream ‘first condensate gas field’ in Bohai Sea

CNOOC Limited has kicked off production from a condensate gas field Phase I development project in the Bohai Sea offshore China.

about 2 years ago
Ocean BlackRhino drillship; Source: Icon Engineering
Business & Finance

Diamond Offshore drillship booked for another African gig

Diamond Offshore has secured a new contract for one of its drillships in Africa, which is related to work offshore Guinea-Bissau.

about 2 years ago
Avenir LNG to welcome Avenir Achievement LNG bunkering vessel
Business & Finance

Avenir LNG’s CEO steps down

UK-based small-scale LNG company Avenir LNG has informed that its chief executive officer, Peter Mackey, will be stepping down from his position. On November 13, Avenir LNG revealed this management change, explaining that Mackey will remain with the company until the end of the first quarter of 2024

about 2 years ago
FPSO Pazflor; Source: TotalEnergies
Business & Finance

Ocean Installer and Petro win FPSO work with TotalEnergies off Angola

Petro Services and its main subcontractor Ocean Installer have secured a contract with TotalEnergies for work on an FPSO in Angola.

about 2 years ago
European duo wins FEED contract for green NH3 terminal in Western Africa
Business Developments & Projects

European duo wins FEED contract for green NH3 terminal in Western Africa

Dutch ammonia contractor Proton Ventures and Belgian tank specialist Geldof have been awarded a front-end engineering design (FEED) contract for what is said to be the first green ammonia terminal in Western Africa. Proton Ventures said the project marks a significant step towards exporting green am

about 2 years ago
Illustration/Wavepiston's wave energy technology (Courtesy of Wavepiston)
Business & Finance

After OTEC and tidal, Shell sets sights on wave energy as well

Danish wave energy company Wavepiston has partnered up with Shell Technology – Marine Renewable Program to identify opportunities and potential avenues for collaboration on ocean energy developments.

about 2 years ago
Capital Product Partners earmarks $3 billion for 11 newbuild vessels as focus shifts to LNG carrier segment
Business & Finance

Capital Product Partners earmarks $3 billion for 11 newbuild vessels as focus shifts to LNG carrier segment

After revealing plans to shift its business focus towards the LNG carrier sector, Capital Product Partners L.P. (CPLP) has now entered into an agreement to acquire eleven newbuild LNG carriers for a total price of $3.1 billion. On November 13, CPLP said it had entered into an umbrella agreement with

about 2 years ago
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