APM Terminals Suape, part of Maersk’s port logistics arm APM Terminals, has received approval from Brazil’s National Waterway Transport Agency to change its cargo profile, enabling the terminal to operate containerized cargo and expand the area to be used by the terminal. APM Terminals Suape will op
QatarEnergy and Shell, through their affiliates, have signed two long-term LNG sale and purchase agreements for the supply of LNG from Qatar to the Netherlands. Pursuant to the agreements, up to 3.5 million tons per annum (mtpa) of LNG will be delivered to the Gate LNG terminal in the port of Rotter
Brazilian state-owned oil and gas giant Petrobras has broken its quarterly record of operated oil and gas production in the third quarter of this year, reaching 3.98 million barrels of oil equivalent (boe) per day, 7.8% above the previous quarter. Petrobras also reported that it had reached a monthl
Methanol producer and supplier Proman has signed a memorandum of understanding (MoU) with Japan’s Mitsubishi Corporation to examine building a low-carbon ammonia facility in Lake Charles, Louisiana. According to Proman, the proposed plant would produce approximately 1.2 million tons per year of clea
Greece’s MYTILINEOS Energy & Metal has signed a memorandum of understanding (MoU) with South Korean SK E&S to explore means of cooperation in the energy sector. Specifically, under the MoU, the companies agreed to cooperate in the following sectors: To note, MYTILINEOS is already a part of the Asian
The maritime industry must build 80 million gross tonnage (gt) of zero-emission ships each year over the 14-year period from 2027 to 2040 to achieve the indicative checkpoints for 2030 and 2040 developed by the International Maritime Organization (IMO) in its 2023 Greenhouse Gas (GHG) Strategy, acco
Finnish rotor sail manufacturer Norsepower has been selected to provide rotor sails for the third LNG-powered, wind-assisted LCO2 carrier recently ordered by Northern Lights, a joint venture between oil majors Equinor, Shell, and TotalEnergies.
Eni and the UK Government’s Department of Energy Security and Net Zero (DESNZ) have reached an agreement in principle on the key terms and conditions for the economic, regulatory, and governance model for the transportation and storage of CO2 at the HyNet North West industrial CCS cluster. Principle
Dana Petroleum, the UK subsidiary of Korea National Oil Corporation (KNOC), has discovered high-quality gas in the North Sea through exploratory drilling in the 42/27 exploration block. Dana Petroleum acquired a 50% stake in block 42/27 in the southern North Sea through international bidding in 2020
Dutch geo-data specialist Fugro has opened a new geotechnical testing laboratory in Taiwan to cater to the offshore wind market and energy and infrastructure sectors. In 2020, Fugro established the Fugro IOVTEC joint venture with IOVTEC Co., Ltd. to support its business expansion in Taiwan’s offshor
China’s Hudong-Zhonghua Shipbuilding has for the first time witnessed a scene of multiple LNG ships being built at the shipyard at the same time as well as two ships undocking at the same time, marking the overall acceleration of the company’s LNG production capacity doubling strategy. Hudong-Zhongh
UK-based developer of clean energy technology Ceres and Norwegian provider of clean power systems for ocean industries Alma Clean Power have joined forces to work on the demonstration of a solid oxide fuel cell (SOFC) system for the marine market.
UK well decommissioning company Well-Safe Solutions is targeting carbon capture, usage and storage (CCUS) projects with the appointment of the company’s first energy transition manager. Well-Safe announced on 17 October that it is adding CCUS as well as geothermal project capabilities to its offerin
The maritime industry remains an “easy target” for cybercriminals, and the cost of attacks and demand for ransom payments across the sector have skyrocketed over the past 12 months, according to the research findings from law firm HFW and maritime cyber security company CyberOwl. The research reveal
