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Business Developments & Projects

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ITS
Business Developments & Projects

ITS embarks on $365M expansion project at Port of Long Beach

International Transportation Service (ITS), a container terminal operator in the US Port of Long Beach, has launched a ‘transformative’ $365 million terminal expansion project.

about 1 year ago
Chevron-operated Leviathan gas asset; Source: NewMed Energy
Business Developments & Projects

‘Exciting’ marine phenomenon at offshore gas platform ignites spark of scientific research

CSA Ocean Sciences Inc. (CSA), a marine environmental consulting firm, has shed light on a scientific discovery at an offshore natural gas platform in the Mediterranean Sea, which has spurred subsequent investigation among faculty members at Tel Aviv University and collaborating partners in the regi

about 1 year ago
1999-built Solstad vessel nets contract with Petrobras
Business Developments & Projects

Solstad vessel built in 1999 nets contract with Petrobras

Norwegian shipping company Solstad Offshore has secured a contract with Brazilian oil & gas player Petrobras for a construction support vessel (CSV) built in 1999. The CSV Normand Pioneer will be on a bareboat contract from the vessel owner Solstad Maritime ASA (SOMA) to Solstad Offshore, which is t

about 1 year ago
Deepsea Atlantic rig; Source: Odfjell Drilling
Business Developments & Projects

No oil for Equinor in North Sea wildcat

Norwegian state-owned energy giant Equinor has encountered a dry well at its prospect in the North Sea offshore Norway.

about 1 year ago
CP2 LNG; Source: Venture Global
Business Developments & Projects

Eni picks Venture Global as its first long-term US LNG supplier

Italy’s oil and gas giant Eni has executed a liquefied natural gas (LNG) sales and purchase agreement (SPA) with U.S. energy player Venture Global.

about 1 year ago
Hydrogen-fueled RTG begins operation in Yokohama Port zero-emission trial
Business Developments & Projects

Hydrogen-fueled RTG begins operation in Yokohama Port zero-emission trial

Mitsui E&S has replaced the conventional diesel engine generator set installed on a near-zero-emission RTG with a hydrogen fuel cell power pack, as part of an on-site zero-emission cargo handling equipment trial.

about 1 year ago
Brevik becomes home to new onboard carbon capture project
Business Developments & Projects

Brevik becomes home to new onboard carbon capture project

Seabound, a UK-based marine carbon capture player, has launched what it claims to be a “first-of-its-kind” onboard carbon capture project together with the Hartmann Group, ship management company InterMaritime Group and Heidelberg Materials Northern Europe. As disclosed, the carbon capture system (C

about 1 year ago
WinGD’s ammonia dual-fuel engine installed on EXMAR gas carrier newbuild
Business Developments & Projects

WinGD’s ammonia dual-fuel engine installed on EXMAR gas carrier newbuild

“World’s first” oceangoing ammonia-powered gas carrier, currently under construction at HD Hyundai Mipo shipyard in South Korea, has been fitted with an ammonia two-stroke engine developed by Swiss marine power company WinGD. WinGD has delivered and installed its X52DF-A engine on the 46,000 cubic m

about 1 year ago
NKT cable laying vessel at East Anglia Three export cable landfall in Suffolk
Business Developments & Projects

East Anglia Three export cable makes landfall in Suffolk

The first section of the export cable for the 1.4 GW East Anglia Three offshore wind farm has been pulled ashore, making landfall at Bawdsey in Suffolk. NKT, which is supplying and installing the export cables for the project under a turnkey contract secured in 2022, started working on East Anglia T

about 1 year ago
A large vessel at sea
Business Developments & Projects

ADNOC handing over stake in OMV to affiliate

Abu Dhabi National Oil Company (ADNOC) intends to transfer its stake in Austria’s oil and gas player OMV to XRG, its wholly-owned international investment company.

about 1 year ago
Wuhu Shipyard
Business Developments & Projects

Wuhu Shipyard earns double green light for novel 18,600 dwt tanker design

China-headquartered shipbuilder Wuhu Shipyard has been awarded approvals in principle (AiP) from two classification societies, Norway’s DNV and the American Bureau of Shipping (ABS), for its eco-friendly 18,600 dwt chemical tanker. As disclosed, the tanker, which was independently developed by Wuhu

about 1 year ago
FPSO Jaguar; Source: SBM Offshore
Business Developments & Projects

WATCH: SBM Offshore’s fifth Guyana-bound FPSO enters drydock

SBM Offshore has tucked a new construction milestone under its belt for a floating production, storage, and offloading (FPSO) unit destined for a sixth deepwater oil development project, operated by ExxonMobil Guyana, a subsidiary of the U.S. energy giant ExxonMobil, at the Stabroek block off the co

about 1 year ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business Developments & Projects

MMA Offshore no longer, rebrands to Cyan Renewables

Australian offshore vessel player MMA Offshore has officially rebranded to Cyan Renewables, following the acquisition by the Singapore-headquartered company last summer. To remind, Cyan Renewables, a portfolio company of Seraya Partners, closed the agreement to acquire MMA Offshore in July 2024 for

about 1 year ago
Chinese shipyard starts building Stolt Tankers’ future-proof stainless steel vessels
Business Developments & Projects

Chinese shipyard starts building Stolt Tankers’ future-proof stainless steel vessels

Wuhu Shipyard, part of China State Shipbuilding Corporation (CSSC), has commenced the construction of the first 38,000 dwt stainless steel tanker for Norwegian ship operator Stolt Tankers.

about 1 year ago
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