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Business Developments & Projects

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Keel laid for Royal Caribbean’s fourth LNG-powered Icon-class cruise ship
Business Developments & Projects

Keel laid for Royal Caribbean’s fourth LNG-powered Icon-class cruise ship

Finland’s Meyer Turku shipyard has held a keel laying ceremony for the fourth liquefied natural gas (LNG)-powered Icon-class cruise ship being built for U.S.-based cruise company Royal Caribbean.

about 10 months ago
Abaxx; LNG carrier
Business Developments & Projects

Trading platforms teaming up to strengthen Asian LNG market

Singapore’s Abaxx Commodity Exchange and China’s Qingdao International Energy Exchange intend to explore strategic collaboration in the physical liquefied natural gas (LNG) market.

about 10 months ago
China leads in total committed investments in $110B clean hydrogen industry, report finds
Business Developments & Projects

China leads in total committed investments in $110B clean hydrogen industry, report finds

More than 500 clean hydrogen projects worldwide have reached maturity, representing $110 billion in investments, with China occupying the leading position in total committed investments and renewable hydrogen production, according to the Hydrogen Council’s new annual publication.

about 10 months ago
SunStone Ships
Business Developments & Projects

SunStone Ships adds final Infinity class newbuild to the roster

Florida-headquartered expedition cruise ship owner SunStone Ships, part of SunStone Maritime Group, has welcomed with open arms the seventh and final Infinity Class series unit, the Douglas Mawson. As disclosed, the cruise vessel was handed over in Haimen, China, by China Merchants Heavy Industries

about 10 months ago
Calypso Van Oord Sofia
Business Developments & Projects

Van Oord wraps up inter-array cable installation at UK’s Sofia offshore wind farm

Van Oord has completed the installation of 109 inter-array cables, which marks the conclusion of its full scope of work on the 1.4 GW Sofia offshore wind farm in the UK. Approximately 360 kilometers of inter-array cables have been installed and tested, connecting the wind farms’ 100 14 MW turbines t

about 10 months ago
Offshore platform
Business Developments & Projects

$320M project to store CO2 at Gulf of Thailand gas field gets green light

Thailand’s national oil and gas company, PTT Exploration and Production Public Company Limited (PTTEP), has reached the final investment decision (FID) on a carbon capture and storage project (CCS) at a gas field in the Gulf of Thailand.

about 10 months ago
Illustration; Source: TotalEnergies
Business Developments & Projects

TotalEnergies strikes decade-long Asian LNG deal with South Korea’s KOGAS

TotalEnergies has secured a multi-year liquefied natural gas (LNG) supply agreement with Korea Gas Corporation (KOGAS), South Korea’s national gas company, which is perceived to be one of the world’s largest importers of LNG.

about 10 months ago
Electric Hydrogen acquires Ambient Fuels to boost hydrogen projects
Business Developments & Projects

Electric Hydrogen acquires Ambient Fuels to boost hydrogen projects

U.S.-based electrolyzer manufacturer Electric Hydrogen has acquired compatriot hydrogen project developer Ambient Fuels in a deal aimed at expanding the company’s project pipeline and strengthening its ability to co-develop clean hydrogen facilities with customers.

about 10 months ago
Reach Subsea boosts offshore capabilities with acquisition of Swedish firm
Business Developments & Projects

Reach Subsea boosts offshore capabilities with acquisition of Swedish firm

Norway’s Reach Subsea has acquired Subvision AB, a Swedish company founded in 1993, focused on the design of equipment for subsea environments. According to Reach Subsea, Subvision has extensive experience from military and offshore development projects and has, over the years, developed several adv

about 10 months ago
Royal Wagenborg
Business Developments & Projects

Royal Wagenborg hits next construction stage for sixth EasyMax multipurpose vessel

Dutch shipowner Royal Wagenborg has marked a new milestone in the construction of its sixth 14,000 dwt energy-efficient EasyMax multipurpose vessel. As divulged, in the first stretch of September, the bow section of the ship—which is being built by compatriot shipyard Royal Niestern Sander—was trans

about 10 months ago
Valaris DS-12 drillship; Source: Valaris
Business Developments & Projects

BP’s dash for gas: Five-well drilling campaign on Mediterranean’s horizon

BP has taken steps to expand its natural gas arsenal in the Mediterranean Sea by striking a deal with Egypt for a multi-well drilling campaign, which is expected to yield new finds that will prolong the lifespan of existing production facilities in the West Nile Delta.

about 10 months ago
With right moves, Kenya to unlock competitive e-fuels production for maritime sector
Business Developments & Projects

With right moves, Kenya to unlock competitive e-fuels production for maritime sector

Owing to abundant wind, solar, and geothermal resources, Kenya is poised to establish competitive production of e-fuels, with the potential to supply domestic and international maritime demand, a new report by the Global Maritime Forum (GMF) highlighted.

about 10 months ago
Rendering of an LNG terminal at night
Business Developments & Projects

EQT’s LNG market momentum grows with new US supply deal

Pittsburgh-based EQT Corporation has signed a long-term sale and purchase agreement (SPA) with Commonwealth LNG, a firm controlled by the energy-focused alternative investment manager Kimmeridge, for liquefied natural gas (LNG) from the latter’s export facility under development on the Gulf Coast ne

about 10 months ago
EPS
Business Developments & Projects

Eastern Pacific Shipping receives eco-friendly VLGC from Samsung Heavy Industries

Singapore-based shipowner Eastern Pacific Shipping (EPS) has taken delivery of an environmentally friendly very large gas carrier (VLGC) from South Korea’s shipbuilding heavyweight Samsung Heavy Industries (SHI). As disclosed in a social media post, the vessel—christened Rosablanche—was handed over

about 10 months ago
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