UK-based shipowner Lomar Shipping, part of LIbra Group, has secured a $27.5 million credit facility from Australian financial services firm Macquarie Group to refinance two vessels in its diverse fleet.
Novatek, an independent natural gas producer in Russia, and Deepak Fertilisers and Petrochemicals Corporation, India’s producer of fertilisers and industrial chemicals, have signed a non-binding Memorandum of Understanding (MoU) regarding the supply of LNG and low-carbon hydrogen and ammonia. The Mo
The court hearing for the controversial Bay du Nord offshore oil project was expected to kick off last week, however, this was not the case. What does this mean for the project? Is the hearing cancelled or just postponed until a later date?
German liner company Hapag-Lloyd has launched the retrofitting program of 100 ships with new propellers and bulbous bows. The move is aimed at reducing the ships’ greenhouse gas emissions and help Hapag-Lloyd meet the International Maritime Organization’s (IMO) target of reducing CO2 emissions by 40
New Fortress Energy (NFE) has reached an agreement with Golar LNG for the sale of its ownership stake in FLNG Hilli in exchange for Golar’s remaining 4.1 million shares in NFE and $100 million in cash. Pursuant to the transaction, Golar LNG will acquire NFE’s entire interest in the 2.4 mtpa floating
Offshore drilling contractor Stena Drilling has secured a new contract for a semi-submersible rig with Ithaca Energy for operations off the UK.
Dutch short sea shipping company Vertom Group has placed an order for two additional diesel-electric dry cargo vessels of LABRAX class from compatriot shipyard Thecla Bodewes Shipyards.
US engineering company KBR has secured a contract to provide its green ammonia technology for a green ammonia project, called HyEx, in Chile. KBR’s K-GreeN technology has been selected by Enaex, a manufacturer and supplier of explosives and blasting agents, for the project that aims to demonstrate o
Fortescue Future Industries (FFI), a global green energy company, has advanced its Holmaneset project in Norway to the next phase, providing potential for the development of a 300 MW green hydrogen and green ammonia facility and supporting infrastructure. In partnership with local Norwegian consulta
The UK National Grid’s subsea electricity interconnectors achieved a record in January with more power being imported in and exported out of the UK than ever. The five interconnectors, which connect Great Britain with France, Belgium, the Netherlands and Norway, transported almost 12 per cent more p
Ocean Renewable Power Company (ORPC) has deployed its modular RivGen power system for trials at its test site in Maine in the United States.
Abu Dhabi’s renewable energy company Masdar has opened a new office in Baku, Azerbaijan, to strengthen its support for the country’s renewable energy development. During the inauguration event for the office, located in Port Baku Tower, Masdar pledged to work with the goverment and other stakeholder
Energy companies HH2E and LEAG have signed a Memorandum of Understanding (MoU) in which they confirmed their intention to work together to set up a regional and national green hydrogen economy in Germany. According to HH2E, this should happen in connection with planned projects of both companies in
DOF Subsea has secured an engineering, preparatory works, removal, transportation, recycling and disposal (EPRD) contract with Norwegian state-owned energy giant Equinor. The contract is for the Heimdal subsea decommissioning works and includes the recovery and disposal of approximately 2,000 tons o
