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Business Developments & Projects

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KOBC
Business Developments & Projects

New emission monitoring partnership to ‘bolster’ South Korea’s maritime decarbonization drive

The Korea Ocean Business Corporation (KOBC) has joined forces with compatriot greenhouse gas (GHG) emission monitoring service providers Mapsea Corporation and Ecomarine to support domestic shipping companies in complying with environmental regulations. The agreement, announced on August 21, reporte

about 11 months ago
SWITCH Maritime bags $2 million for NY’s first hydrogen fuel cell-electric ferry
Business Developments & Projects

SWITCH Maritime bags $2 million for NY’s first hydrogen fuel cell-electric ferry

The U.S. shipowner SWITCH Maritime has secured $2 million in funding to develop and demonstrate New York’s first hydrogen fuel cell-electric ferry.

about 11 months ago
AHTS Normand Turmalina; Source: Solstad Offshore
Business Developments & Projects

$65 million for Solstad vessel duo’s prolonged stay with Brava Energia and Ocean Infinity

Solstad Offshore has secured more time for an anchor handling tug supply (AHTS) and a construction support vessel (CSV) to stay on their current assignments with Brazil’s Brava Energia and Ocean Infinity.

about 11 months ago
HyOrc
Business Developments & Projects

HyOrc changes trading symbol, speeds up development of green methanol projects

Accelerating progress on its green methanol projects, HyOrc Corporation, a Texas-based developer of hydrogen combustion and waste-to-fuel technologies, has unveiled a name/symbol change.

about 11 months ago
Naming ceremony Karpowership FSRU Karadeniz LNGT Powership Americas; Source: Seatrium
Business Developments & Projects

Karpowership’s FSRU wraps up its naming ceremony at Seatrium’s yard

Singapore-headquartered offshore, maritime, and energy solutions provider Seatrium has held a naming ceremony for a floating storage regasification unit (FSRU).

about 11 months ago
PXGEO about to start its first-ever offshore seismic acquisition in Malaysia
Business Developments & Projects

PXGEO about to start its first-ever offshore seismic acquisition in Malaysia

Marine geophysical service provider PXGEO has won its first contract in Malaysia, as part of which it will deliver offshore seismic data acquisition services using its seismic vessel PXGEO 2. The two-year agreement with a new client includes a minimum commitment of 365 days of acquisition activity o

about 11 months ago
Lake Charles LNG; Source: Energy Transfer
Business Developments & Projects

More time for LNG terminal to kick off exports in Louisiana

Energy Transfer LNG Export, a subsidiary of U.S.-based Energy Transfer, has been given additional time to start liquefied natural gas (LNG) exports to non-free trade agreement (non-FTA) countries from its proposed export project on Louisiana’s Gulf Coast.

about 11 months ago
VARD takes on conversion job for 2010-built seismic vessel
Business Developments & Projects

VARD takes on conversion job for 2010-built seismic vessel

Norway’s VARD is set to perform an extensive conversion of a seismic research vessel into a seismic source vessel for compatriot company Sanco Shipping. Following Sanco Shipping’s takeover of the PGS Apollo, now renamed Sanco Sailor, on July 31, the vessel sailed directly to Vard Langsten. VARD said

about 11 months ago
APM Terminals
Business Developments & Projects

APM Terminals to invest $1B in India’s Andhra Pradesh ports, terminals

The Netherlands-based terminal operator APM Terminal, part of A.P. Moller – Maersk, has signed a memorandum of understanding (MoU) with India’s Government of Andhra Pradesh, through the Andhra Pradesh Maritime Board (APMB), to accelerate port and terminal development in the state.

about 11 months ago
Brage platform; Source: OKEA
Business Developments & Projects

OKEA strikes oil at North Sea license

Norway’s oil and gas company OKEA has made oil discoveries at a production license it operates in the North Sea.

about 11 months ago
HD KSOE
Business Developments & Projects

HD KSOE broadens presence in Vietnam with new strategic acquisition

South Korean HD Korea Shipbuilding & Offshore Engineering (HD KSOE), the intermediate holding company of HD Hyundai’s shipbuilding division, has decided to expand its footprint in Southeast Asia by acquiring Doosan Vina, an arm of Vietnam-based Doosan Enerbility. As disclosed, HD KSOE signed a stock

about 11 months ago
World-first third party CO2 storage facility begins operating with first injection completed
Business Developments & Projects

World’s first third-party CO2 storage facility begins operating as first injection takes place

Joint venture partners Equinor, Shell and TotalEnergies have injected and stored the first CO2 volumes at the Northern Lights CO2 project in the Norwegian North Sea, marking the start of operations of what is said to be the world’s first third-party CO2 transport and storage facility. The first CO2

about 11 months ago
COSL Innovator; Source: Serica Energy via LinkedIn
Business Developments & Projects

Fresh oil & gas discovery springs up in North Sea

Norwegian state-owned energy giant Equinor has made a new oil and gas discovery in the North Sea, using one of COSL Drilling Europe’s semi-submersible rigs.

about 11 months ago
CMA CGM switches Syria’s €200M Latakia port expansion project into high gear
Business Developments & Projects

CMA CGM switches Syria’s €200M Latakia port expansion project into high gear

French shipping and logistics major CMA CGM has decided to accelerate the launch of the second phase of the Latakia Port expansion project in Syria.

about 11 months ago
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