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Singapore invites proposals for low or zero-carbon power generation and bunkering solutions
Business Developments & Projects

Singapore invites proposals for low or zero-carbon power generation and bunkering solutions

The Energy Market Authority (EMA) and the Maritime and Port Authority of Singapore (MPA) have opened a call for expression of interest (EOI) to develop low or zero-carbon power generation and bunkering solutions. Following the launch of the National Hydrogen Strategy at Singapore International Energ

about 3 years ago
With previous ruling thrown out, Barossa drilling plans remain on track
Business Developments & Projects

With previous ruling thrown out, Barossa drilling again on the horizon

The Full Federal Court of Australia has dismissed the appeal from a decision brought in September that set aside NOPSEMA’s approval of the environment plan (EP) covering drilling activities for Santos’ Barossa gas field located offshore Australia. In an attempt to block Santos from developing Baross

about 3 years ago
BP’s three incoming hydrocarbon projects to watch in 2023
Business Developments & Projects

BP’s giant incoming hydrocarbon projects to watch in 2023

While tackling the energy trilemma, BP has been working on multiple projects and three of these are on track to start up next year.

about 3 years ago
Sovcomflot’s Gagarin Prospect
Business Developments & Projects

All eyes on Russia’s fleet as crude oil price cap, OPEC+ cut perpetuate tanker markets’ volatility

Uncertainty and volatility continue to cast a shadow over the oil and tanker market as December 5 deadline for the oil price cap for Russian oil expires. Today, all eyes are set on Russia to see what vessels will be loaded and where they would head as Moscow defines its steps in response to the [&he

about 3 years ago
DeepOcean inks deal for potential use of autonomous vehicles for environmental studies
Business Developments & Projects

DeepOcean inks deal for potential use of autonomous vehicles for environmental studies

Norway’s DeepOcean and Akvaplan-niva, a subsidiary of the Norwegian Institute for Water Research (NIVA), have partnered up to cooperate on the potential use of remotely operated vehicles (ROVs) and unmanned glider vehicles (USVs) for environmental studies for offshore wind and oil & gas developments

about 3 years ago
Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts
Business Developments & Projects

Price cap on Russian crude oil comes into force while OPEC+ sticks to output cuts

A price cap for seaborne Russian crude oil is being imposed by the G7 and Australia while OPEC+ has decided to keep the status quo.

about 3 years ago
Balmoral facility at Montrose Port (Courtesy of Balmoral Group)
Business Developments & Projects

Balmoral’s Montrose composites facility on track for subsea and offshore renewables industries

Aberdeen-based Balmoral Comtec has completed the installation of its manufacturing plant at its new composites facility at Montrose Port that will produce composite structures for subsea and offshore renewable energy sectors.

about 3 years ago
World’s largest LPG/Midsize gas carriers to feature Wärtsilä’s equipment
Business Developments & Projects

World’s largest LPG/Midsize gas carriers to feature Wärtsilä’s equipment

Finnish technology group Wärtsilä has been selected to provide cargo handling and fuel supply systems for Exmar LPG’s two LPG/Midsize gas carrier vessels.

about 3 years ago
Century Highway
Business Developments & Projects

K Line earmarks $740 million for environmental initiatives

Japanese shipping major Kawasaki Kisen Kaisha Ltd (K Line) has laid out its short-term investment plans in a newly released report, earmarking a significant portion for environmental initiatives. “First of all, we aim to invest a total of ¥250.0 billion ($1.85 billion), within the amount of operatin

about 3 years ago
First for Lloyd’s Register as it certifies an uncrewed surface vessel
Business Developments & Projects

First for Lloyd’s Register as it certifies an uncrewed surface vessel

Lloyd’s Register has awarded its first certification for an uncrewed surface vessel (USV) to the DriX maritime surface drone. The DriX USV, developed by iXblue and ECA Group under the new joint brand called Exail, has already received Bureau Veritas Approval in Principle (AiP). The new certification

about 3 years ago
Trafigura signs $3 billion loan to supply ‘substantial volumes’ of gas to Germany’s SEFE
Business Developments & Projects

Trafigura signs $3 billion loan to supply ‘substantial volumes’ of gas to Germany’s SEFE

Commodities trading group Trafigura has entered into a $3 billion four-year loan agreement guaranteed by the Federal Republic of Germany to secure gas supply. The loan is jointly arranged and underwritten by Deutsche Bank and another international bank and syndicated to a number of participating ban

about 3 years ago
Yinson and Azule Energy agree to kick off preliminary activities for Angola project
Business Developments & Projects

Yinson and Azule Energy agree to kick off preliminary activities for Angola project

Yinson Production, through its wholly-owned subsidiary, Yinson Azalea Production Pte Ltd, has entered into an agreement for preliminary activities with Azule Energy, through its wholly-owned subsidiary Eni Angola S.p.A, for the Agogo project in Angola. Under the agreement, the parties will commence

about 3 years ago
Hydrocarbons present in HPHT well, but North Sea operator does not get the result it ‘had hoped for’
Business Developments & Projects

Hydrocarbons present in HPHT well, but not the result North Sea operator ‘had hoped for’

Serica Energy has found hydrocarbons in an exploration well in the North Sea off the UK, but the commercial quantity is yet to be determined.

about 3 years ago
LNG tanker
Business Developments & Projects

CMES adding two LNG carriers at DSIC

China Merchants Energy Shipping (CMES) has revealed another order for two 175,000 cbm LNG carriers at compatriot shipbuilder Dalian Shipbuilding Industry Company. The company plans to allocate up to $235 million per vessel, pushing the total to $470 million. The shipping heavyweight said that the ve

about 3 years ago
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