A new behavior-focused sustainable shipping trial has shown that informed decisions can help ships’ crews make fuel-saving decisions 21% more often. Specifically, Ridgebury Tankers has carried out a six-month trial in cooperation with behavior change startup Signol during which officers on four tank
Swiss cleantech company Cavotec revealed that it has signed a $5.7 million shore power retrofit deal contract with an undisclosed European shipping line. The agreement entails the complete retrofit of container vessels from the installation of Cavotec’s cable management system to modifications of th
Euronav NV, the Belgian tanker shipping company, has secured approval for the acquisition of 100% of shares in cleantech maritime group CMB.TECH during a Special General Meeting held on February 7, 2024. The transaction, valued at $1.150 billion in cash, comes at a time of strategic transformation f
Altera Infrastructure has hired DOF Group to install a cylindrical FPSO vessel and a floating storage unit (FSO) offshore Côte d’Ivoire.
India-based firm Larsen & Toubro has secured an order to build a 75 MW floating solar park project on the Panchet Dam in Jharkhand, India. The floating solar project on the Panchet Dam is a part of the Ultra Mega Renewable Energy Power Bank (UMREPP) being developed on Damodar Valley corporation rese
UK-based Baron Oil is set to kick off a site survey at a planned drilling location for an appraisal well on a gas field offshore Timor-Leste. SundaGas Banda Unipessoal, a wholly-owned subsidiary of Baron Oil, has entered into contracts to conduct a survey at the planned drilling location for the Chu
MidOcean Energy, an LNG company formed and managed by investment company EIG, has entered into a definitive agreement with energy company SK Earthon to acquire SK’s 20% interest in Peru LNG (PLNG). PLNG owns and operates the first LNG export plant in South America, located in Pampa Melchorita, 170 k
Borr Drilling has managed to extend existing and secure new assignments for three premium jack-up rigs in its fleet.
BW Offshore has tucked in new construction milestones for an FPSO, which is expected to be deployed on a gas field offshore Australia.
Norwegian companies Dalane Energi and Hydrogen Solution (HYDS) have launched a new hydrogen production facility in Egersund harbor as a part of the EU-funded ROBINSON H2020 project. The official opening ceremony of the hydrogen production plant was held in Grand Hotell Eigersund on February 8 in the
Norwegian authorities have handed out a drilling permit for an exploration well in the North Sea off Norway, which is expected to be spud this month using one of Odfjell Drilling-managed semi-submersible rigs.
Swedish shipping company Furetank has ordered two more dual-fuel Vinga product tankers in China.
MODEC has confirmed the start of the construction phase for an FPSO, which is destined to work on ExxonMobil’s oil development off Guyana.
NYK Stolt Tankers (NST), a joint venture between shipping companies NYK Line and Stolt Tankers, has reached an agreement with Nantong Xiangyu Shipyard in China to build six 38,000 dwt stainless steel chemical tankers.
