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Europe’s LNG capacity buildout outpaces demand, IEEFA claims
Market Outlooks

Europe’s LNG capacity buildout outpaces demand, IEEFA claims

The Institute for Energy Economics and Financial Analysis (IEEFA) has reported that the gap between Europe’s LNG capacity and demand continues to widen. Europe has added six new LNG terminals in 2023, plus a previously mothballed terminal and a new floating storage regasification unit (FSRU) that is

about 2 years ago
ETAP facility in the North Sea; Source: BP
Business & Finance

BP sees sharp drop in profit due to flat gas prices but uplifts renewables pipeline

BP has achieved production growth, a reduction in net debt, and a “robust” operating cash flow, based on its results for 3Q 2023.

12 minutes read
Shell's Norwegian gas field pioneers remote data harvesting
Business & Finance

Shell’s Norwegian gas field pioneers remote data harvesting

Sonardyne, working with XOCEAN’s uncrewed surface vehicles (USV), has delivered remote acoustic data harvesting services to Shell at its Ormen Lange gas field in the Norwegian Sea that does not have conventional surface operation platforms. Without surface platforms, acoustic data from the subsea se

about 2 years ago
c-job
Business & Finance

MEYER Group takes 50% stake in C-Job

Dutch ship design and engineering company C-Job Naval Architects has formed a strategic partnership with MEYER Group, wherein MEYER Group will acquire a 50 percent stake in C-Job. MEYER Group, an international consortium, operates three shipyards under MEYER Werft, located in Papenburg, Rostock, and

about 2 years ago
ABS, Sea Forrest ally on maritime electrification tech
Technology

ABS, Sea Forrest ally on maritime electrification tech

Classification society ABS and Sea Forrest Power Solutions (Sea Forrest), a subsidiary of BH Global. have signed a Memorandum of Understanding (MoU) to drive advancements in cutting-edge maritime electrification technologies.

about 2 years ago
Uranus rig carried out Trillion's 2022 – 2023 drilling campaign at SASB; Source: Trillion Energy
Business & Finance

Ongoing perforation program ups Black Sea gas field’s production ante

Trillion Energy has revealed a boost in production rates at a natural gas field in the Black Sea off Türkiye.

about 2 years ago
Netherlands starts construction of national hydrogen network
Authorities & Government

Netherlands starts construction of national hydrogen network

The King of the Netherlands Willem-Alexander has performed the official ceremony to start work on the construction of a national hydrogen network in the Netherlands. The ceremony took place on Friday, October 27, 2023, on the building site of Gasunie subsidiary Hynetwork Services in the port of Rott

about 2 years ago
Port of Hamburg
Authorities & Government

Silk Alliance outlines implementation plan for green corridor cluster

Members of ‘The Silk Alliance’ cross-supply chain industry partnership, initiated by the Lloyd’s Register (LR) Maritime Decarbonisation Hub, have issued an open letter to drive actions to accelerate the green corridor cluster in Singapore. The letter outlines an implementation plan with key mileston

about 2 years ago
Wärtsilä receives CCS’ type approval for methanol engine
Certification & Classification

Wärtsilä receives CCS’ type approval for methanol engine

China Classification Society (CCS) has issued a type approval certificate for methanol engine developed by Finnish technology group Wärtsilä.

about 2 years ago
INPEX joins international liquefied hydrogen supply chain project
Business & Finance

INPEX joins international liquefied hydrogen supply chain project

Japan’s exploration and production company INPEX Corporation has concluded an agreement to acquire shares in Japan Suiso Energy (JSE), a joint venture between Kawasaki Heavy Industries and Iwatani Corporation, and take part in developing an international liquefied hydrogen supply chain. As a result

about 2 years ago
Stena Don rig was used to drill the latest well on the Anchois gas development project; Source: Stena Drilling
Authorities & Government

Moroccan gas project comes another step closer to sanctioning as ‘key building block’ falls into place

Chariot has secured a stamp of approval for its environmental impact assessment (EIA) on its flagship gas project offshore Morocco.

about 2 years ago
German offshore wind farm signs green hydrogen PPA
Business & Finance

German offshore wind farm signs green hydrogen PPA

In an announcement on acquiring a further stake in the German Butendiek offshore wind farm earlier this month, Ireland-based Greencoat Renewables said that the project had signed one of the largest renewable energy Power Purchase Agreements (PPAs) in Germany. It has now been revealed the electricity

about 2 years ago
Fugaku Maru
Business Developments & Projects

Mitsubishi splashes Fujitrans’ new RoRo ship

Mitsubishi Shipbuilding, a Mitsubishi Heavy Industries (MHI) Group company based in Yokohama, held a christening and launch ceremony for the Fugaku Maru, a roll-on/roll-off (RO/RO) ship under construction for Fujitrans Corporation. The ceremony took place at the Enoura Plant of MHI’s Shimonoseki Shi

about 2 years ago
OX2 and Nordkalk planning e-fuel production on Gotland, Sweden
Business Developments & Projects

OX2 and Nordkalk planning e-fuel production on Gotland, Sweden

Sweden-based OX2 and Finland-based Nordkalk have announced plans to jointly investigate the opportunities for the production of e-fuel on Gotland, Sweden. Specifically, the parties will initiate a pilot study on how a facility should be planned, how the use of the area can be maximized and how the h

about 2 years ago
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