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Business Developments & Projects

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Naming ceremony; Source: K Line
Business Developments & Projects

Vessel pair destined to be part of QatarEnergy’s LNG fleet gets naming ceremony out of the way

Japan’s maritime transport player, Kawasaki Kisen Kaisha (K Line), has confirmed a naming ceremony for two liquefied natural gas (LNG) carriers at HD Hyundai Heavy Industries’ shipbuilding facility.

about 7 months ago
EU flags
Business Developments & Projects

EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure

As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common interest (PCIs) and projects of mutual interest (PMIs).

about 7 months ago
CO2 Collection Terminal; Source: Höegh Evi
Business Developments & Projects

Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain

Three players in the offshore energy and maritime spheres – Höegh Evi, Aker BP, and Ports of Stockholm – have joined forces to bring to life a CO2 logistics hub and enable an efficient and sustainable transport chain for carbon dioxide from industrial emitters in eastern Sweden.

about 7 months ago
FPSO hull design; Source: Deltamarin
Business Developments & Projects

FPSO hull design obtains ABS’ seal of approval

The American Bureau of Shipping (ABS), a classification society, has bestowed an approval in principle (AiP) to Finland’s marine engineering player Deltamarin and China Merchants Heavy Industry (CMHI) for a new versatile floating production, storage, and offloading (FPSO) hull design.

about 7 months ago
Map showing U.S. basins; Source: TGS
Business Developments & Projects

TGS’ multi-year dataset across 13 US basins to bolster exploration and carbon storage plays

Norwegian energy data and intelligence company TGS has finished work on a 13-basin reservoir characterization project in the United States (U.S.), said to offer formation-level petrophysical interpretations to model reservoir performance and assess CO2 storage feasibility.

about 8 months ago
Man with a hardhat with words "Chevron" on it with an offshore rig in the background
Business Developments & Projects

Chevron earmarks $7 billion for offshore oil & gas moves in Guyana, Mediterranean and US Gulf

U.S.-headquartered energy giant Chevron has unveiled its multibillion-dollar budget for next year, setting aside around $7 billion for offshore oil and gas plays across Guyana, Eastern Mediterranean and the Gulf of America (U.S. Gulf of Mexico).

about 8 months ago
FPSO Petrojarl I; Courtesy of Amplus Energy
Business Developments & Projects

1986-built FPSO lands redeployment gig at Southeast Asia’s oil project

Finder Energy, a Perth-based oil and gas exploration player, has struck a deal with Aberdeen-based Amplus Energy, which will enable a 39-year-old floating production, storage, and offloading (FPSO) vessel to work at two oilfields off the coast of Timor-Leste, Southeast Asia.

about 8 months ago
Scarabeo 5; Source: Saipem
Business Developments & Projects

Saipem cheers first gas milestone on rig-turned-FPU at Eni’s African project

Italy’s engineering, drilling, and construction services giant Saipem has confirmed the achievement of first gas at an asset that was recently converted from a semi-submersible drilling rig into a floating production unit (FPU) deployed at Eni’s liquefied natural gas (LNG) project off the coast of C

about 8 months ago
AiP handover ceremony; Source: ClassNK
Business Developments & Projects

Tank insulation system for LNG and ammonia-fueled vessels receives ClassNK’s blessing

With the maritime industry facing the pressing challenge of decarbonization, the development of alternative fuel vessels powered by liquefied natural gas (LNG) and ammonia is gaining momentum, as illustrated by an approval in principle (AiP) Japan’s classification society ClassNK has granted for Spr

about 8 months ago
CGEN Engineering tests its tidal energy generator at META; Courtesy of META
Business Developments & Projects

WATCH: Next-gen tidal energy generator undergoes trials at UK’s META

CGEN Engineering, a spinout company from the University of Edinburgh, has put its fully marinised, next-generation modular electrical generator for tidal energy devices to the test over the past few months at a test site of the Marine Energy Test Area (META) in the Cleddau Estuary.

about 8 months ago
Northern Phoenix; Source: K Line
Business Developments & Projects

Northern Lights’ liquefied CO2 carrier arsenal grows as third vessel joins its fleet

China’s Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Corporation (CSSC), has delivered a new liquefied carbon dioxide (LCO2) carrier to Northern Lights, a joint venture (JV) encompassing three European oil majors: Shell, Equinor, and TotalEnergies.

about 8 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business Developments & Projects

New oilfield development project comes online offshore China

China National Offshore Oil Corporation (CNOOC) has brought on stream an oilfield adjustment and satellite fields development project in the Beibu Gulf Basin of the South China Sea, off the coast of China.

about 8 months ago
Mozambique LNG
Business Developments & Projects

Lion’s share of lenders reaffirms backing: TotalEnergies’ Mozambique LNG moves forward post‑force majeure

France’s energy giant TotalEnergies has shed more light on the financing of its multibillion-dollar liquefied natural gas (LNG) project off the coast of Mozambique in the wake of the UK Export Finance (UKEF) and Atradius exits. The project is getting back into the groove after a years-long hiatus.

about 8 months ago
FLNG Nguya; Source: Eni
Business Developments & Projects

Eni begins next chapter of its giant Congo LNG project

Italy’s oil and gas giant Eni has kicked off the second phase of its liquefied natural gas (LNG) project ahead of schedule off the coast of Congo, Africa.

about 8 months ago
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