Greek shipowner Performance Shipping has signed a Memorandum of Understanding (MoU) to purchase an LR2 Aframax oil product tanker vessel built by South Korean shipbuilder Hyundai Heavy Industries (HHI) in 2013.
Shipping organizations are urging politicians in the European Union to agree on a life-cycle approach of green fuels for the shipping industry in order to kick-start the necessary investments and deliver on the emission reduction targets from the Paris Agreement and the EU Green Deal. An open letter
A geophysical survey has commenced at the Oriel Wind Park project off County Louth in the Irish Sea. The ultra-high-resolution geophysical survey started in November and is expected to be completed by mid-December, subject to weather and operational constraints. The goal of the survey, which will be
Lhyfe and Nantes Saint-Nazaire Port have reached a partnership agreement to identify, understand, and assess the conditions for the establishment of a supply chain associated with offshore hydrogen production in France. This collaboration is intended to identify port areas and facilities capable of
Swedish company Ocean Harvesting Technologies has secured grant funding from the Swedish Energy Agency to perform sea trials of its InfinityWEC wave energy device.
UAE-based ADNOC Drilling has inked a deal to acquire three new jack-up drilling rigs, as part of its fleet expansion strategy.
Prysmian has secured a circa €150 million contract with the Greek electricity grid operator Independent Power Transmission Operator (IPTO) for an interconnector that will link the islands of Milos, Folegandros and Santorini. The connection is part of Phase D of the Cyclades’ electrical interconnecti
Aibel has secured an extension for maintenance and modification (M&M) work on the Johan Sverdrup field in the North Sea off Norway.
Malaysian oil and gas major Petronas and the Dutch tank storage company Vopak have signed a memorandum of understanding (MoU) to develop the value chain for carbon capture and storage (CCS) in the Southeast Asia region. Under the MoU, the companies will jointly study the development of the CCS value
Crown Estate Scotland has closed the window for applications under its Innovation and Targeted Oil and Gas (INTOG) leasing round, dedicated to offshore wind projects that will directly reduce emissions from oil and gas production and to small scale innovation projects, including alternative outputs
Three start-ups focusing on green technology have won the first three prizes at this year’s Smart Port Challenge, launched by the Maritime and Port Authority of Singapore (MPA) and the National University of Singapore (NUS). The first, second, and third-place winners under Port Innovation Ecosystem
Africa-focused energy company Tower Resources has received approval from the credit committee of a local Cameroon bank for a $7 million loan which should cover around 40 per cent of the cost of a well in the Rio Del Rey basin. Tower Resources Cameroon S.A (TRCSA) has been notified by BGFI Bank Group
US LNG export company Freeport LNG has provided an update on the ongoing reconstruction and resumption of operations at its natural gas liquefaction and LNG export facility in Texas. According to the company, the reconstruction work necessary to commence initial operations, including utilisation of
Japanese energy giant JERA has teamed up with compatriot shipping majors Nippon Yusen Kabushiki Kaisha (NYK) and Mitsui O.S.K. Lines (MOL) on the transportation of fuel ammonia for the Hekinan Thermal Power Plant, expected to begin commercial operation in the late 2020s. The three companies signed M
