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Business Developments & Projects

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Brage platform; Source: OKEA
Business Developments & Projects

Fresh petroleum discovery sees light of day in North Sea

Norway’s oil and gas company OKEA has made a petroleum discovery in the North Sea off the coast of Norway.

about 8 months ago
Another approval in for multi-fuel and OCCS-ready bulk carrier
Business Developments & Projects

Another approval in for multi-fuel and OCCS-ready bulk carrier

Shortly after securing one from the Japanese classification society ClassNK, Oshima Shipbuilding has been awarded approval in principle (AiP) from Lloyd’s Register (LR) for its Ultramax bulk carrier design, ready for multiple alternative fuels and onboard carbon capture and storage (OCCS). The AiP c

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about 8 months ago
Stena RoRo orders new generation, future-proof vessels from China
Business Developments & Projects

Stena RoRo orders new generation, future-proof vessels from China

Swedish shipping company Stena RoRo has placed an order with China Merchants Industry (CMI) for a new generation of RoRo vessels, comprising two firm C-Flexer-type vessels with options for an additional four. The new C-Flexer design features a highly developed hullform, multi-fuel engines, and a sca

about 8 months ago
Illustration; Courtesy of Petronet LNG
Business Developments & Projects

ONGC and Petronet fortfying India’s LNG value chain

India’s state-owned energy giant Oil and Natural Gas Limited (ONGC) has pooled resources with Petronet LNG Limited (PLL) to strengthen the country’s liquefied natural gas (LNG) value chain.

about 8 months ago
ExxonMobil deploys technology to protect Guyanese offshore gas pipeline
Business Developments & Projects

ExxonMobil deploys technology to protect Guyanese offshore gas pipeline

U.S.-headquartered oil major ExxonMobil has deployed marine safety technology from Sentinel Proactive to safeguard a subsea pipeline system off the coast of Guyana to which its “first major offshore project in the Stabroek Block” is connected. ExxonMobil Guyana’s Liza development is connected to the

about 8 months ago
K Line
Business Developments & Projects

Trio shakes hands on LNG vessel South Korea’s shipbuilding giant is bringing to life

Japan’s shipping player Kawasaki Kisen Kaisha (K Line) has made arrangements with Gail, India’s largest state-owned natural gas company, and J M Baxi Group (J M Baxi), its business partner in India, regarding ownership of a liquefied natural gas (LNG) carrier (LNGC), currently under construction.

about 8 months ago
Scottish wave energy firm to launch demo projects in Taiwan and Guam
Business Developments & Projects

Scottish wave energy firm to launch demo projects in Taiwan and Guam

Scotland-based marine energy company ZOEX Power has secured the first-ever sale of its wave energy prototype device, after completing real-world sea trials on the Turkish Black Sea coast. The purchase order was secured from a fully owned subsidiary of Türkiye’s Ordu municipality, named Oren Ordu Ene

about 8 months ago
Meeting between Karim Badawi, Minister of Petroleum and Mineral Resources, and delegation from Technip Energies, Enppi, and Petrojet; Source: Ministry of Petroleum and Mineral Resources - Egypt
Business Developments & Projects

Technip Energies and two Egyptian firms laying the groundwork to set up new player

Technip Energies has engaged in talks with Egypt’s government to establish a new company with two Egyptian firms, Enppi and Petrojet, to execute major projects and export engineering and contracting services.

about 8 months ago
The shipbuilding contract signing ceremony; Source: MOL
Business Developments & Projects

MOL-ONGC deal puts Samsung Heavy Industries on very large ethane carrier pair construction duty

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has struck a charter deal with India’s state-owned Oil and Natural Gas Company (ONGC), which enables South Korea’s Samsung Heavy Industries (SHI) to build two very large ethane carriers (VLECs).

about 8 months ago
Tripartite collab to develop 1 MW ammonia-to-power system for low- and zero-carbon vessels
Business Developments & Projects

Tripartite collab to develop 1 MW ammonia-to-power system for low- and zero-carbon vessels

A tripartite collaboration has been launched to develop and commercialize a 1 MW-class ammonia-to-power system for vessels, designed to replace conventional marine diesel generators as it converts ammonia into hydrogen, which powers proton exchange membrane fuel cells (PEMFCs) to produce electricity

about 8 months ago
Gail Bhuwan LNG carrier; Source: MOL
Business Developments & Projects

Japanese shipping giant and India’s gas player seal LNG vessel deal

LNG Japonica Shipping Corporation, a joint venture between Japan’s shipping giant Mitsui O.S.K. Lines (MOL) (74%) and India’s state-owned energy firm Gail (26%), has struck a long-term charter deal for a liquefied natural gas (LNG) carrier (LNGC) with Gail, which is primarily focused on natural gas.

about 8 months ago
FPSO Fast4Ward design; Source: SBM Offshore
Business Developments & Projects

Exclusive interview with SBM Offshore: South America anchors business growth, as West Africa emerges on FPSO horizon

SBM Offshore is keeping Brazil and Guyana as the core hub of its FPSO activity, while eyeing new opportunities in West Africa.

about 8 months ago
EIB to help Minesto strengthen investment case for 10 MW tidal energy project
Business Developments & Projects

EIB to help Minesto strengthen investment case for 10 MW tidal energy project

The European Investment Bank (EIB) has selected Swedish tidal energy developer Minesto for in-depth investment advisory support focused on increasing the financial attractiveness and overall quality of the investment offer for a 10 MW tidal energy array as part of a larger build-out in a selected EU

about 8 months ago
Finland-bound multi-fuel open deck carrier to be built in China
Business Developments & Projects

Finland-bound multi-fuel open deck carrier to be built in China

Finnish shipping company Meriaura has placed an order with a Chinese shipyard for a next-generation open deck carrier which will sport advanced multi-fuel engines designed for easy upgrades to operate on future low or zero-carbon fuels. The shipbuilding contract for the 6800 DWT open deck carrier wa

about 8 months ago