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Large vessel illuminated by lights
Business Developments & Projects

Petrobras enlarges planned spending for oil & gas exploration and production ops, causing its 2024 capex to go up

Brazil’s state-owned energy giant Petrobras has revised its capex projection for 2024 to reflect its anticipated expansion of operations in the oil and gas exploration and production (E&P) segment.

about 2 years ago
Hapag lloyd
Business Developments & Projects

New eco-friendly ships help Hapag-Lloyd overcome capacity bottleneck

The addition of new environmentally friendly vessels has helped German container shipping major Hapag-Lloyd counteract the prolonged capacity bottleneck caused by geopolitical tensions.

about 2 years ago
Partners to transform Norwegian Risavika into green ammonia hub
Business Developments & Projects

Partners to transform Norwegian Risavika into green ammonia hub

Iverson eFuels, Port of Stavanger, ASCO Norge and St1 have signed a partnership agreement to make green ammonia available in the Stavanger region of Norway.

about 2 years ago
NEOT extends charter contracts for Terntank’s vessels, adds new wind/methanol-ready vessel
Business Developments & Projects

NEOT extends charter contracts for Terntank’s vessels, adds new wind/methanol-ready vessel

Finnish fuel supply and distribution company NEOT has extended charter contracts for six vessels owned by shipping company Terntank.

about 2 years ago
Fish population survey in Portugal to provide data for HiWave-5 and future installations
Business Developments & Projects

Fish population survey in Portugal to provide data for HiWave-5 and future installations

Portugal-based technology and innovation center dedicated to developing marine renewable energy, WavEC Offshore Renewables, has conducted a fish population survey to provide relevant information for the currently installed HiWave-5 project and future installations.

about 2 years ago
N05-A platform in the North Sea; Source: One-Dyas
Business Developments & Projects

North Sea platform designed to run on offshore wind gearing up for first gas by year-end (Video)

ONE-Dyas is setting the stage for the final leg of its journey toward the first natural gas production at its recently installed platform in the North Sea.

about 2 years ago
Dutch dedicated cable repair and installation vessel completes first project
Business Developments & Projects

Dutch dedicated cable repair and installation vessel completes first project

N-Sea Group’s recently launched dedicated subsea cable repair and installation vessel has completed its first cable replacement project and is carrying out another one for the same client. N-Sea and its partner Neptune Marine Service converted the anchored barge NP-459 into a dedicated cable repair

about 2 years ago
LNG complex on the coast next to a body of water
Business Developments & Projects

Gas secured for Shell’s LNG asset as second stage of Australian project gets greenlighted

Arrow Energy, a joint venture (JV) between UK’s energy giant Shell and PetroChina, a subsidiary of state-owned China National Petroleum Corporation (CNPC), is planning to develop Phase 2 of its gas project in Queensland, Australia.

about 2 years ago
Norwegian company reserves spot at new hydrogen hub at Porto do Açu
Business Developments & Projects

Norwegian company reserves spot at new hydrogen hub at Porto do Açu

Porto do Açu and Fuella signed the first area reservation contract for the newly licensed low-carbon hydrogen hub at the port complex.

about 2 years ago
Cables for New York's largest clean energy project cross US-Canada border
Business Developments & Projects

Cables for New York’s largest clean energy project cross US-Canada border

The high-voltage direct current (HVDC) underwater and underground power cable project that will connect the Canadian border and New York has celebrated another construction milestone as cables have been floated across the U.S.-Canadian border marking the official start of marine installation work in

about 2 years ago
MPA Singapore
Business Developments & Projects

New alliance to bolster maritime’s capacity in carbon accounting

The Maritime and Port Authority of Singapore (MPA) and the UN Global Compact Network Singapore (GCNS) have signed a memorandum of understanding (MoU) to help strengthen the maritime industry’s capacity in carbon accounting and management.

about 2 years ago
KR: Low-carbon sailing ship ready to serve Marshall Islands
Business Developments & Projects

KR: Low-carbon sailing ship ready to serve Marshall Islands

Low-carbon sailing ship SV Juren Ae, built under KR class at Asia Shipbuilding in South Korea, has been delivered to MISC.

about 2 years ago
A 170,000 cubic meter LNG FSRU built by HD Hyundai Heavy Industries and delivered in 2020 (for illustration purposes); Source: HD Hyundai Marine Solutions
Business Developments & Projects

2004-built vessel getting new lease on life as LNG FSU in Central America after European firm taps Korean shipbuilder for retrofit

HD Hyundai’s marine solutions arm has been hired by a European shipping player to undertake its first conversion of an LNG carrier into an LNG FSU.

about 2 years ago
Noble Deliverer semi-sub rig; Source: Noble
Business Developments & Projects

Transocean, Valaris, Noble, Seadrill, and Diamond Offshore rigs’ drilling game lifts total backlog to $21.8 billion

Five rig-owning titans – Transocean, Valaris, Noble, Seadrill, and Diamond Offshore -which are seen as the crème de la crème of the offshore drilling contractors, have managed to increase their combined total backlog to a whopping $21.8 billion.

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