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Business Developments & Projects

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Norway: Northern Lights approved for CO2 storage expansion
Business Developments & Projects

Norway: Northern Lights approved for CO2 storage expansion

The Northern Lights joint venture (JV) has received approval from the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage development. The expansion in Phase 2 will increase the transport and storage capacity from 1.5 million to at least 5 million tons of CO2 per

about 1 year ago
LNG vessel; Source: Purus
Business Developments & Projects

French containment tech selected for Purus’ new LNG carrier

French technological containment specialist Gaztransport & Technigaz (GTT) has been hired by HD Korea Shipbuilding & Offshore Engineering (HD KSOE) to design the tank of a liquefied natural gas carrier (LNGC) newbuild.

about 1 year ago
Illustration; Courtesy of MODEC and Terra Drone
Business Developments & Projects

Renewal of MODEC-Terra bond taking FPSO inspection drone tech to the next level

With the goal of stepping up its drone technology game for crude oil storage tank inspections on floating production, storage, and offloading (FPSO) vessels and large offshore platforms, Japan’s MODEC has revived its relationship with Terra Drone Corporation, a compatriot drone and urban air mobilit

about 1 year ago
MMMCZCS
Business Developments & Projects

MMMCZCS, partners unveil 3,500 TEU ammonia-fueled feeder design

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS), in collaboration with ‘key’ partners, has unveiled a concept design for a 3,500 TEU container feeder vessel fueled by ammonia. As disclosed, MMMCZCS has worked on this concept together with German engine manufacturer Everllence (f

about 1 year ago
Ceres comes onboard Hydrogen Council
Business Developments & Projects

Ceres comes onboard Hydrogen Council

Ceres, a developer of clean energy technology: fuel cells for power generation and electrolyzers for the production of green hydrogen, has joined the Hydrogen Council, a global CEO-led initiative of energy, transport, and industry companies.

about 1 year ago
Four men standing and holding folders with signed documents
Business Developments & Projects

Timor Sea oilfield development gets fast-tracked

Perth-based oil and gas exploration player Finder Energy has signed a development alliance agreement and accelerated front-end engineering and design (FEED) project (AFP) agreement with U.S.-headquartered technology player SLB, aimed at fast-tracking the development of two oilfields offshore Timor L

about 1 year ago
Singaporean three-year memorandum targets submarine power projects
Business Developments & Projects

Singaporean three-year memorandum targets submarine power projects

Singapore-headquartered offshore marine service contractor Kim Heng has signed a memorandum of understanding (MoU) with the newly incorporated government-linked Singapore Energy Interconnections (SGEI) to cooperate on submarine power projects. As part of the non-binding MoU signed on June 9, the par

about 1 year ago
Norwegian partners to kick-start Green Maritime Energy Station project
Business Developments & Projects

Norwegian partners to kick-start Green Maritime Energy Station project

Ocean Hyway Cluster, a Norwegian network for hydrogen-based solutions for the maritime sector, and its consortium partners are set to initiate a pre-study on co-locating multiple types of low- and zero-emission maritime energy solutions in a single, integrated infrastructure hub, with funding suppor

about 1 year ago
Four men standing side by side at an agreement signing ceremony
Business Developments & Projects

Petronas secures US LNG deal, lays groundwork for regional tie-up with Eni

Malaysia’s state-owned energy giant Petronas has inked two deals: a liquefied natural gas (LNG) sale and purchase agreement (SPA) with the U.S.-based Commonwealth LNG and a joint venture framework agreement (JVFA) with Italy’s energy major Eni.

about 1 year ago
Illustration; Source: MODEC
Business Developments & Projects

MODEC and Toyo JV raises the curtain on new strategic FPSO hub in India

MODEC and Toyo Engineering India have set up a global capability center (GCC) in India’s Bengaluru, as a joint venture company, named TOYO MODEC OFS India (OFS India), which is envisioned to serve as a strategic hub that will create high-value job opportunities for engineering, procurement, and floa

about 1 year ago
Panama
Business Developments & Projects

FincoEnergies rolls out eBDN technology for marine fuel deliveries in ARA region

Dutch sustainable energy solutions provider FincoEnergies has adopted Digital Delivery through electronic Bunker Delivery Note (eBDN) technology across its marine (bio)fuel operations in the Amsterdam-Rotterdam-Antwerp (ARA) region.

about 1 year ago
New strategic roadmap envisions Pilbara as Australia’s first clean fuel bunkering hub
Business Developments & Projects

New strategic roadmap envisions Pilbara as Australia’s first clean fuel bunkering hub

A new strategic roadmap for creating Australia’s first clean fuel bunkering hub in the Pilbara has been launched to enable the use of alternative marine fuels such as ammonia.

about 1 year ago
Innosea projects across floating solar PV
Business Developments & Projects

Innosea rebrands as OWC, strengthening ABL Group’s renewables offering

French marine renewables consultancy Innosea is rebranding as OWC, finalizing its integration into the ABL Group’s global renewable energy advisory unit. The move consolidates Innosea’s research and development (R&D) and engineering capabilities under the OWC name, while structural, hydrodynamics, a

about 1 year ago
The Switch
Business Developments & Projects

Equinor-chartered newbuild tanker duo to run cleaner with The Switch solutions

Finnish power electronics specialist The Switch, part of Japan’s BEMAC Corporation, is to supply two large DC power distribution systems and two propulsion packages for an oil/chemical tanker newbuild duo under construction in China. As disclosed, the vessels in question are a pair of 6,500 dwt stai

about 1 year ago
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