SBM Offshore has completed the project financing of an FPSO, which is destined to work at the Búzios field off Brazil, for a total of $1.63 billion.
BW Energy has wrapped up the drilling and completion operations at the first well in in its multi-well drilling campaign offshore Gabon.
Achieving a net-zero future is a challenging task for all countries around the globe. The problematic pieces of the energy transition jigsaw need to shrink as renewable energy sources continue to be explored, expanded and nurtured through new investments.
The NeuConnect energy link that will connect Germany and the UK for the first time is a “key project” and highlights how closely the two countries are working together to make their economies climate-neutral, German President Frank-Walter Steinmeier said during the visit of UK’s King Charles III to
The latest oil and gas lease sale for acreage in federal waters in the Gulf of Mexico gathered nearly $264 million in high bids.
Norway’s H2Carrier and Sweden’s Trelleborg Gas Transfer have signed a Memorandum of Understanding (MoU) to cooperate on ship-to-ship ammonia transfer solutions. The two companies will collaborate in developing a safe, reliable, and efficient solution for side-by-side offloading of ammonia when opera
Alternative fuel ships have accounted for around 60% of new orders since the start of 2022 in GT, primarily driven by LNG dual-fuel vessel orders, and increasingly methanol, and now account for 5% of fleet GT and 47% of orderbook, data from Clarksons shows. Looking at the fleet profile, the shipbrok
Ørsted has awarded NKT with a supply contract for the delivery of the high-voltage DC on- and offshore export cable system for the Hornsea 3 wind farm offshore the UK. For NKT, the final order has an estimated contract value of approximately €500 million in market prices. The contract will comprise
Yara Clean Ammonia, a subsidiary of Norwegian fertiliser company Yara International, and Enbridge, a Canadian pipeline and energy company, have signed of a letter of intent to jointly develop and construct a world scale low-carbon blue ammonia production facility as equal partners. According to Yara
Japanese shipbuilder Kawasaki Heavy Industries (KHI) has delivered the 84,000 cbm dual-fuel liquefied petroleum gas (LPG) carrier, Captain Markos, to US-headquartered LPG shipping company Dorian LPG. The vessel, delivered on 31 March, is Dorian’s first dual-fuel very large gas carrier (VLGC) and wil
German shipyard Meyer Werft has laid keel for Disney Treasure, the second LNG-powered cruise ship it is building for US-based Disney Cruise Line. According to Meyer Werft, the keel laying ceremony took place on 31 March to celebrate the start of hull assembly for the new cruise ship by placing the f
The California Senate Bill 605 for wave and tidal energy, introduced by senator Steve Padilla of Chula Vista, aims to promote and facilitate the development and growth of marine energy industry in California.
Finnish technology group Wärtsilä has been contracted by the Hyundai Heavy Industries (HHI) shipyard to supply the cargo handling and integrated fuel gas supply systems for very large ethane carrier (VLEC) vessels. The order, booked by Wärtsilä in Q1 2023, is for two VLECs being built for Japanese s
The UK Government is considering the viability and merits of the Xlinks Morocco–UK Power Project to understand how it could contribute to the UK’s energy security, the government announced in a recent policy paper. The Morocco-UK Power Project is a multi-technology renewable energy project with appr
