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Business Developments & Projects

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Hapag-Lloyd
Business Developments & Projects

Shell to provide LNG for Hapag-Lloyd’s 23,500+ TEU newbuilds

German liner major Hapag-Lloyd has signed a multi-year agreement for the supply of liquefied natural gas (LNG) with Shell Western LNG B.V (Shell). The LNG is intended for Hapag-Lloyd’s twelve ultra-large dual-fuel container vessels currently under construction at the South Korean shipyard Daewoo Shi

about 3 years ago
Samoa launches Tala project to spur maritime decarbonisation efforts
Business Developments & Projects

Samoa launches Tala project to spur maritime decarbonisation efforts

Samoa has launched a new multi-million Tala project to accelerate climate change mitigation efforts through the low-carbon transition of its land and maritime transport sectors away from the country’s heavy reliance on fossil fuels.

about 3 years ago
Illustration/Minesto's Dragon 4 (Courtesy of Minesto)
Business Developments & Projects

Minesto signs tidal power deal in Taiwan

Swedish company Minesto has signed a collaboration agreement with Taiwan Cement Green Energy (TCCGE) to pursue tidal and ocean current energy buildout in Taiwan.

about 3 years ago
Beihai Shipbuilding ammonia-ready CMB
Business Developments & Projects

Beihai Shipbuilding cuts steel for CMB’s ammonia-ready bulker

CSSC Qingdao Beihai Shipbuilding has launched the construction of CMB’s ammonia-ready 210,000 dwt bulk carrier. The Capesize bulker is part of a contract the Belgian shipowner signed with the shipyard in January last year. The deal was described as the world’s first order for ammonia-ready Capesize

about 3 years ago
Northern European partners hand in application for CO2 storage project off Norway
Business Developments & Projects

Northern European partners hand in application for CO2 storage off Norway

Neptune Energy, Sval Energi and Storegga have submitted an application for a CO2 storage project in the Norwegian North Sea which has the potential to store up to 225 million tonnes of CO2. The application was submitted to the Norwegian Ministry of Petroleum and Energy following the announcement of

about 3 years ago
SFC Energy and FC TecNrgy sign hydrogen and methanol agreement
Business Developments & Projects

SFC Energy and FC TecNrgy sign hydrogen and methanol agreement

SFC Energy, a Germany-based supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power supply solutions, and FC TecNrgy, India’s fuel cell-based alternate energy and power management solution provider, have entered into a strategic cooperation agreement to build a new manufa

about 3 years ago
CMA CGM
Business Developments & Projects

Green Ray project targeting methane slip from LNG-fuelled engines wins EU backing

The Green Ray project, led by a consortium of companies across the shipping supply chain, has won funding from the European Union to develop solutions minimizing methane slip from marine engines. The funding worth €7 million has been secured through Horizon Europe, the EU’s key funding program for r

about 3 years ago
U.S. Bureau of Safety and Environmental Enforcement (BSEE)
Business Developments & Projects

After worker fractures multiple teeth, U.S. regulator comes up with several recommendations

Following a review of the circumstances surrounding an injury, BSEE has revealed multiple recommendations for oil and gas operators and contractors.

about 3 years ago
AET and Petronas unit in talks over zero-emission ammonia-fueled Aframax
Business Developments & Projects

AET and Petronas unit in talks over zero-emission ammonia-fueled Aframax

AET, the petroleum arm of MISC Group, has signed a memorandum of understanding (MoU) with PETCO Trading Labuan Company Ltd (PTLCL), an indirect wholly-owned unit of Petronas, to explore a potential collaboration for deploying a future zero-emission ammonia-powered Aframax. For AET, this MoU for the

about 3 years ago
Vela drillship (for illustration); Source: Aquadrill (former Seadrill Partners)
Business Developments & Projects

U.S. offshore rig count hits the brakes

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States came to a stop and remained unchanged last week.

about 3 years ago
Seven electricity interconnectors pass to next stage of Ofgem’s cap and floor window
Business Developments & Projects

Seven electricity interconnectors pass to next stage of Ofgem’s cap and floor window

UK energy market regulator Ofgem has decided that all electricity interconnector projects that submitted applications in its third cap and floor window will progress to the next phase. This third window was opened for electricity interconnectors able to start operations before the end of 2032 and th

about 3 years ago
FPSO Montara Venture; Source: Jadestone Energy
Business Developments & Projects

Bad weather hampers Australian FPSO’s timeline for production restart

Singapore’s Jadestone Energy has revealed that severe weather conditions have delayed the restart of production from an FPSO operating at a field in the Timor Sea off Australia.

about 3 years ago
Kawasaki Heavy Industries
Business Developments & Projects

Kawasaki Heavy bags order for LPG/ammonia carrier from BGN INT DMCC

Japanese shipbuilder Kawasaki Heavy Industries has won a shipbuilding contract for an 86,700 cmb liquefied petroleum gas (LPG) and liquefied ammonia gas (NH3) carrier from Dubai-based energy company BGN INT DMCC. The vessel is equipped with separate cargo tanks designed to carry LPG and NH3 at the s

about 3 years ago
Illustration. Source: BOEM
Business Developments & Projects

Stage set to hold U.S. Gulf of Mexico oil & gas lease sale next month

BOEM has published a final notice to hold the next offshore oil and gas lease sale for acreage in the Gulf of Mexico in March 2023.

about 3 years ago
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