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Business Developments & Projects

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Thai national oil & gas company sets another CCS deal into motion
Business Developments & Projects

Thai national oil & gas company sets another CCS deal into motion

Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) and Thai public university Kasetsart University have signed a memorandum of understanding (MoU) focused on carbon capture and storage (CCS) technology, among other things. The collaboration aims to carry out research stud

about 2 years ago
Wind
Business Developments & Projects

‘Groundbreaking’ wind propulsion pact signed in France to decarbonize maritime sector

The French government and maritime stakeholders have signed a ‘groundbreaking’ pact for wind-assisted ship propulsion, a promising technology that has the potential to decarbonize the shipping industry.

about 2 years ago
Yara Clean Ammonia appoints new CEO to spearhead ‘rapidly growing’ business
Business Developments & Projects

Yara Clean Ammonia appoints new CEO to spearhead ‘rapidly growing’ business

Oslo-headquartered Yara Clean Ammonia has appointed Hans Olav Raen as the new Chief Executive Officer (CEO), effective May 1, 2024.

about 2 years ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Business Developments & Projects

Eco Wave Power’s ‘significant milestones’ keep optimism for future energy project opportunities alive

Eco Wave Power is among the companies that felt the impact of the unpredictability surrounding the economy in 2023.

about 2 years ago
Amogy and ITOCHU ally on use of ammonia system on maritime vessels
Business Developments & Projects

Amogy and ITOCHU ally on use of ammonia system on maritime vessels

Amogy has signed a memorandum of understanding (MoU) with ITOCHU Corporation to explore the potential application of Amogy’s technology on ITOCHU’s maritime vessels.

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business Developments & Projects

Dana Petroleum joins Shell and Deltic as partner in North Sea asset

Deltic Energy has wrapped up the sale of a partial stake in a Shell-operated license, containing a prospect, which will be drilled this summer.

about 2 years ago
Dyna-Mac's yard in Singapore; Source: Dyna-Mac
Business Developments & Projects

Singapore player cheers ‘largest-ever contract win’ in its history

Singapore-based offshore builder Dyna-Mac has tucked a mega contract award under its belt for the construction of process modules.

about 2 years ago
Deal signed for new hydrogen industry cluster in South Korea
Business Developments & Projects

Deal signed for new hydrogen industry cluster in South Korea

South Korean province Jeollanam-do has signed an investment memorandum of understanding (MoU) with five companies to create a hydrogen industry cluster in Myodo, Yeosu.

about 2 years ago
ABS
Business Developments & Projects

ABS gives ‘industry 1st’ approval to ECOLOG for operation of LCO2 carriers

Classification society the American Bureau of Shipping (ABS) has awarded ECOLOG, a Greek mid-stream carbon capture, utilization and sequestration (CCUS) service provider, with an industry first ISM Document of Compliance for the operation of liquified CO2 carriers on behalf of the Bermuda flag admin

about 2 years ago
West Libra & West Aquila drillships; Source: Northern Drilling
Business Developments & Projects

Pursuit of appeal for arbitration ruling regarding two canceled drillships hits a wall

Northern Drilling is contemplating its next steps after its attempts to appeal the court’s arbitration ruling related to canceled orders for two drillships with a South Korean shipbuilder came to naught.

about 2 years ago
KFW IPEX-Bank
Business Developments & Projects

KfW IPEX-Bank funds C. Armateurs’ eco-friendly bulkers

Germany’s KfW IPEX-Bank has decided to support the fleet modernization of Switzerland-based shipping group C. Armateurs, part of the Cobelfret group, with a financing of €42 million.

about 2 years ago
Asso.subsea completes cable work at Croatian interconnector (Gallery)
Business Developments & Projects

Asso.subsea completes cable work at Croatian interconnector (Gallery)

Asso.subsea has completed the installation of approximately 30 kilometers of cables for the Adriatic Sea Islands Interconnection in Croatia, reaching depths of 70 meters. Asso.subsea transported and installed four distinct 110 kV cable systems, with the northern part connecting the landing sites Mal

about 2 years ago
New Japan-UK partnership eyes green hydrogen and derivatives projects
Business Developments & Projects

New Japan-UK partnership eyes green hydrogen and derivatives projects

J-POWER and Yamna have signed an agreement for the joint development and investment in green hydrogen and derivatives projects globally.

about 2 years ago
European policymakers urged to adopt robust low-carbon hydrogen definition
Business Developments & Projects

European policymakers urged to adopt robust low-carbon hydrogen definition

Industry players and NGOs issued a joint letter calling on European policymakers to adopt a robust definition for low-carbon hydrogen.

about 2 years ago
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