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Business Developments & Projects

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Image Courtesy: MOL
Business Developments & Projects

MOL orders LNG-fueled VLCC for Idemitsu charter

Japanese shipping major Mitsui O.S.K. Lines (MOL) has decided to order a new LNG-fueled very large crude carrier (VLCC) to sail under a long-term time charter contract with compatriot ship manager and operator Idemitsu Tanker.

about 1 year ago
First steel cut ceremony for FPSO GranMorgu; Source: Boudewijn Ledderhof/SBM Offshore
Business Developments & Projects

First steel cut for SBM Offshore’s FPSO destined for TotalEnergies’ oil project off Suriname

With a ceremony to mark the first steel cut, SBM Offshore has ticked an important item off its construction list for a floating production, storage, and offloading (FPSO) vessel, which will be deployed off the coast of Suriname.

about 1 year ago
Industry players to bolster hydrogen ties between Europe and Latin America
Business Developments & Projects

Industry players to bolster hydrogen ties between Europe and Latin America

Hydrogen Europe, an association representing the European hydrogen industry, and LAC Clean Hydrogen Action, an initiative in Latin America and the Caribbean focused on promoting low-emission hydrogen production and use, have signed a memorandum of understanding (MoU) to promote the deployment, uptak

about 1 year ago
Several men signing documents
Business Developments & Projects

LNG supply deal diversifying China’s energy mix

Guangzhou Gas Group, a subsidiary of China’s Guangzhou Development Group, has inked a long-term liquefied natural gas (LNG) sales and purchase agreement (SPA) with Mercuria Energy Trading, a subsidiary of global energy and commodity group Mercuria Energy.

about 1 year ago
Men standing onstage at a steel cutting ceremony
Business Developments & Projects

Another LNG carrier for QatarEnergy’s expanding fleet starts coming together in Korea

China Merchants Energy Shipping (CMES) has started the construction of a liquefied natural gas (LNG) carrier that will be part of QatarEnergy’s growing fleet at Samsung Heavy Industries’ shipyard in South Korea.

about 1 year ago
Methanol dual-fuel engines on their way to Jan De Nul's XL cable layer
Business Developments & Projects

Methanol dual-fuel engines on their way to Jan De Nul’s XL cable layer

Anglo Belgian Corporation (ABC), a Ghent-based manufacturer of medium-speed engines, is ready to ship methanol dual-fuel engines for Jan De Nul’s first XL cable-laying vessel (CLV), set for delivery in 2026. Jan De Nul announced in October 2023 that it had placed an order for the XL CLV Fleeming Jen

about 1 year ago
Minesto joins accelerator program that backs entry into Southeast Asian market
Business Developments & Projects

Minesto taps MCT Brattberg for subsea cable protection

Swedish tidal energy developer Minesto has selected MCT Brattberg’s RGPM sealing systems for its tidal kite technology, designed to convert ocean currents into electricity. MCT Brattberg’s cable and pipe transit systems are said to be engineered to resist water, fire, and gas intrusion – critical pr

about 1 year ago
NAGA 8; Source: Velesto
Business Developments & Projects

Fresh four-year drilling gig for Velesto rig in Southeast Asia

Velesto has landed a new multi-year drilling campaign for one of its jack-up rigs off the coast of Indonesia, boosting the firm’s expansion efforts in Southeast Asia in line with its long-term strategy of broadening its regional presence.

about 1 year ago
Steel cut for PIL’s first 13,000 TEU LNG dual-fuel boxship in China
Business Developments & Projects

Steel cut for PIL’s first 13,000 TEU LNG dual-fuel boxship in China

China’s Hudong-Zhonghua Shipbuilding has kicked off construction of 13,000 TEU LNG dual-fuel containerships ordered by Singapore-based shipping company Pacific International Lines (PIL).

about 1 year ago
Vision Grid Energy and Desein partner to power clean energy growth in India
Business Developments & Projects

Vision Grid Energy and Desein partner to power clean energy growth in India

Vision Grid Energy (VGE) has signed a strategic memorandum of understanding (MoU) with Desein to jointly develop clean energy solutions in India.

about 1 year ago
A platform and a vessel offshore
Business Developments & Projects

Vietnamese oil platform undergoing decommissioning catches fire (Video)

A fire has broken out at a platform offshore Vietnam operated by Vietnam Oil and Gas Operating Company (PVEP POC).

about 1 year ago
Louis Dreyfus
Business Developments & Projects

Louis Dreyfus Armateurs, Technip Energies join forces on ammonia storage and cracking to hydrogen vessel

French maritime company Louis Dreyfus Armateurs (LDA) has signed a memorandum of understanding (MoU) with Technip Energies, a French technology and engineering powerhouse, to develop an ammonia storage and cracking to hydrogen vessel.

about 1 year ago
EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen
Business Developments & Projects

EU-UK set course for deeper cooperation on maritime safety, CCS, hydrogen

The European Commission and the UK have reached a Common Understanding that outlines a renewed agenda for cooperation, with a focus on maritime security and safety, as well as new energy technologies such as hydrogen and carbon capture, utilization and storage (CCUS), among other things. In view of

about 1 year ago
COSL Innovator; Source: Serica Energy via LinkedIn
Business Developments & Projects

‘Outstanding’ drilling results at Serica’s North Sea cluster spur hopes for late June production restart

UK-based upstream oil and gas player Serica Energy has provided an update on the activities undertaken to bring its floating production storage and offloading unit (FPSO) back online following a shutdown caused by a storm.

about 1 year ago
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