U.S.-based project holding company Energy Capital Vietnam (ECV) said that B.Grimm Power and Siemens Energy have joined its consortium to develop an LNG-to-power project in Vietnam.
Ammonia-powered shipping JV has been awarded NOK 13.75 million in funding to build ammonia-powered vessels.
Subsea 7 has completed the installation of electrical heat traced flowline (EHTF) for Aker BP’s Ærfugl phase 2 project in the Norwegian Sea.
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has ordered tank design from French LNG containment specialist GTT for four new LNG carriers.
Kongsberg Maritime has successfully updated 19 Safety and Automation Systems (SAS) controllers on Aker BP’s FPSO vessel.
Drilling costs for an exploration well located off Guyana are expected to increase as drilling operations are taking longer than expected.
On the site of the former Coal Island, Germany’s duisport is to construct the trimodal Duisburg Gateway Terminal (DGT) by 2023 together with Cosco Shipping Logistics, Hupac SA, and the HTS Group.
Scottish tidal energy company Nova Innovation has secured €2.5 million to build an upscaled tidal energy turbine, expected to further slash the cost of tidal power.
Russian natural gas producer Novatek had signed a cooperation agreement with Russia’s Voronezh region to increase the participation of the local companies in Novatek’s LNG projects.
An unprecedented race for ocean space is on the horizon driven by the exponential growth of offshore wind power. It is expected that by 2050 offshore wind will overtake the oil and gas sector and receive the largest investments in the Blue Economy while the oil and gas industry will shrink to only 2
Dutch-based start-up Teamwork Technology has transported the turbine for its Symphony Wave Power device back to the Netherlands for a new set of trials.
Swiss commodity trader Gunvor Group has signed a $1.13 billion syndicated borrowing base facility to support the working capital needs of the company’s LNG activities globally.
The European Sea Ports Organisation (ESPO) has embraced the European Commission’s proposal setting out the new guidelines for the Trans-European Transport Network (TEN-T).
PetroNor has appointed an interim CEO, after Økokrim detained its CEO, Knut Søvold, on suspicion of a criminal offence.
