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Business Developments & Projects

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Valaris 123 jack-up rig; Source: Valaris
Business Developments & Projects

Shell takes Valaris jack-up rig for upcoming North Sea drilling ops

Shell has hired a heavy-duty jack-up rig from Valaris, an offshore drilling contractor, for a two-well drilling campaign in 2024.

about 2 years ago
Snam gauging market interest in hydrogen and CO2 transport and storage
Business Developments & Projects

Snam gauging market interest in hydrogen and CO2 transport and storage

Italian energy infrastructure operator Snam, in cooperation with Confindustria, has officially launched a market test on hydrogen demand in Italy and, in partnership with Eni, a collection of non-binding expressions of interest for the transport and storage of CO2 within the framework of the carbon

about 2 years ago
France-Scotland alliance to boost hydrogen deployment
Business Developments & Projects

France-Scotland alliance to boost hydrogen deployment

France Hydrogène and the Scottish Hydrogen & Fuel Cell Association (SHFCA) have signed a memorandum of understanding (MoU) to strengthen collaboration and cooperation between the two organizations and accelerate the deployment of hydrogen for the transition to net zero. According to the SHFCA, the p

about 2 years ago
NYK takes delivery of ammonia-powered engine for tugboat conversion project
Business Developments & Projects

NYK takes delivery of ammonia-powered engine for tugboat conversion project

Japanese shipping company NYK has taken delivery of a domestically manufactured ammonia-powered engine to be installed on a tugboat which is set to become the world’s first commercially operated ammonia-fueled ship. The engine, jointly developed with IHI Power Systems and ClassNK as part of the Gree

about 2 years ago
Sempra and JBIC join forces to pursue energy transition opportunities
Business Developments & Projects

Sempra and JBIC join forces to pursue energy transition opportunities

Houston-based Sempra Infrastructure, a subsidiary of Sempra, and Japan Bank for International Cooperation (JBIC) have signed a memorandum of understanding (MoU) to collaborate on energy transition opportunities, such as LNG and hydrogen, in the United States and Japan. The MoU will see Sempra and JB

about 2 years ago
France's HelioRec sets up partnership for floating solar in Bretagne
Business Developments & Projects

France’s HelioRec sets up partnership for floating solar in Bretagne

France-based start-up HelioRec has established a partnership with EMP ROTOMOULAGE, a company dedicated to rotational molding techniques, with the aim of spearheading the production of floating solar systems in the Bretagne region. HelioRec, who has developed a floating solar system whose compact des

about 2 years ago
Venture Global and Grain LNG pen long-term LNG deal
Business Developments & Projects

Venture Global and Grain LNG pen long-term LNG deal

U.S. Venture Global LNG and UK National Grid Grain LNG have signed a binding long-term terminal use agreement (TUA), enabling the regasification and sale of LNG from all of Venture Global’s terminals in Louisiana, U.S., including CP2 LNG, subject to obtaining necessary federal permits. Under the agr

about 2 years ago
Kaimana Hila to run on LNG
Business Developments & Projects

Matson inks Kaimana Hila LNG retrofit deal with COSCO Shipping Nantong

U.S. shipowner Matson has inked a contract with Chinese shipbuilder COSCO Shipping Shipyard (Nantong) for the integration of an LNG dual-fuel gas supply system into the 2019-built container ship Kaimana Hila. The contract signing ceremony for MV Kaimana Hila LNG retrofit project was held in Nantong

about 2 years ago
Toyota and Chiyoda agree to develop large-scale electrolysis system
Business Developments & Projects

Toyota and Chiyoda agree to develop large-scale electrolysis system

Japanese companies Toyota and Chiyoda have teamed up to jointly develop a large-scale electrolysis system with an aim of achieving the government targets for the introduction of electrolysis equipment both in Japan and overseas as part of the Basic Strategy on Hydrogen. To this end, the two companie

about 2 years ago
TGS-SLB joint venture embarks on its seventh acquisition program
Business Developments & Projects

TGS-SLB joint venture embarks on its seventh acquisition program

Norwegian provider of energy data and intelligence TGS and oilfield services company SLB are set to perform ocean bottom node (OBN) multi-client acquisition in the U.S. Gulf of Mexico, representing the seventh program within the seismic joint venture. Starting in the first quarter of 2024, Engageme

about 2 years ago
16-year-old vessel returns to VARD for conversion
Business Developments & Projects

16-year-old vessel returns to VARD for conversion

A Canadian company active in the offshore oil & gas and energy sectors has appointed Norway’s VARD to convert a platform supply vessel (PSV) that it built 16 years ago into a cable-laying vessel (CLV). I.T. International Telecom Marine (IT) is a Halifax-based marine network installer offering deskto

about 2 years ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business Developments & Projects

Drilling program and well intervention campaign on Serica’s 2024 agenda in North Sea

Serica Energy is preparing to kick off its four-well drilling campaign and work-over program in the UK sector of the North Sea.

about 2 years ago
Oshima Shipbuilding
Business Developments & Projects

Hayfin strikes again with Post-Panamax pair at Oshima

Europe’s shipping investor Hayfin Capital Management has signed a contract with Oshima Shipbuilding and Sumisho Marine to construct two 100,000 dwt Post-Panamax dry bulk carriers. Once constructed, the ships will be delivered to an unnamed international energy trader on a long-term charter. The vess

about 2 years ago
ammonia
Business Developments & Projects

Switching to ammonia as marine fuel may create more problems than it solves

Switching to ammonia as a marine fuel, with the goal of decarbonization, can instead create entirely new problems, a new study found.

about 2 years ago
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