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Business Developments & Projects

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Wuhu Shipyard Fujian Guohang
Business Developments & Projects

Wuhu Shipyard wins deal for up to ten methanol-powered bulk carriers

Fujian Guohang Ocean Shipping (Group), a prominent Chinese bulker owner, recently inked a construction deal with compatriot Wuhu Shipyard Co. for up to ten 89,000 dwt methanol dual-fuel bulk carriers. Under the contract, Wuhu Shipyard will build four firm units and up to six additional sister vessel

about 2 years ago
BP and Worley bolster ties with new five-year deal
Business Developments & Projects

BP and Worley bolster ties with new five-year deal

Australian engineering company Worley has signed a new global framework agreement with UK-headquartered energy giant BP to provide engineering, procurement, and construction management services (EPCM) covering BP’s global refinery assets and new energy portfolio. According to Worley, the five-year a

about 2 years ago
Illustration; Source: W&T Offshore
Business Developments & Projects

Six more Gulf of Mexico fields join US oil & gas firm’s portfolio

W&T Offshore has completed the acquisition of six shallow water fields in the Gulf of Mexico (GOM) for a final purchase price of $72 million.

about 2 years ago
Lithuania’s Klaipeda LNG terminal suspends acceptance of Russian cargoes
Business Developments & Projects

Record amount of LNG reloaded at Lithuania’s Klaipeda terminal

According to Lithuanian terminal operator KN Energies, formerly Klaipedos Nafta, a record amount of 105 thousand cubic meters of liquefied natural gas (LNG) has been transferred from the floating storage and regasification unit (FSRU) Independence to the conventionally sized Amur River LNG vessel at

about 2 years ago
FPSO Atlanta; Source: Yinson Production
Business Developments & Projects

‘Key’ equipment destined to support oil & gas production en route to Brazilian field

Enauta is awaiting the arrival of subsea equipment, which is expected to support oil and gas production at its field development project offshore Brazil.

about 2 years ago
Stena Evolution drillship; Source: Stena Drilling
Business Developments & Projects

Evolution comes to Stena Drilling fleet: Newest drillship goes to Gulf of Mexico to start its inaugural job with Shell

Stena Drilling has welcomed the arrival of the latest addition to its fleet of drilling rigs, the Stena Evolution.

about 2 years ago
TECO 2030 and partners begin work on EU-backed hydrogen-fueled passenger ship
Business Developments & Projects

TECO 2030 and partners begin work on EU-backed hydrogen-fueled passenger ship

Norwegian cleantech company TECO 2030, together with thirteen partners from various European countries, has commenced its second EU Horizon project focused on developing, validating, and showcasing a zero-emission passenger ship fueled by hydrogen. The project named Zero Emission Adriatic Ship (ZEAS

about 2 years ago
Odin Highway
Business Developments & Projects

SFL’s 3rd LNG-powered car carrier delivered

Bermuda-based ship-owning and chartering company Ship Finance International Limited (SFL) has taken delivery of 7,000 CEU Odin Highway, its latest LNG dual-fuel car carrier. The vessel, part of a two-ship order, has been contracted by Japanese shipping major K-Line under a 10-year time charter agree

about 2 years ago
First stage of Brazil's biggest floating solar plant inaugurated
Business Developments & Projects

First stage of Brazil’s biggest floating solar plant inaugurated

The first stage of what is said to be the largest floating solar plant in Brazil has been inaugurated in the State of São Paulo. The UFF Araucária project is located at the Billings dam and is being developed by Empresa Metropolitana de Águas e Energia (EMAE) and KWP Energia. The first stage, coordi

about 2 years ago
Hanwha Ocean NH3 carrier ammonia
Business Developments & Projects

Hanwha Ocean wins $247 million deal for VLAC pair amid growing demand for ammonia carriers

South Korean shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), secured its first order for 2024 with an agreement to build two 93,000 cbm ultra-large ammonia carriers equipped with eco-friendly technology. The vessels, valued at approximately KRW 331.2 bill

about 2 years ago
AquaVentus: Imminent start of North Sea auction is essential for hydrogen ramp-up
Business Developments & Projects

AquaVentus: Imminent start of North Sea auction is essential for hydrogen ramp-up

Jörg Singer, chairman of German offshore wind-to-hydrogen initiative AquaVentus has called for a timely tender for the expansion of offshore electrolysis, saying that the imminent start of the auction for the Noth Sea region SEN-1, a 100 km2 area in the North Sea designated for hydrogen production,

about 2 years ago
Subsea7 pipelayer to sport full electric Huisman crane
Business Developments & Projects

Subsea7 pipelayer to sport full electric Huisman crane

Subsea7 has awarded the Netherlands-based Huisman with a contract to deliver a full electric offshore mast crane for one of its pipelay vessels that will be deployed for deep water installations. The 500mt offshore mast crane will be equipped with a passive and active heave compensation system on th

about 2 years ago
Following work for Shell, Argeo subsea vessel going to Indian Ocean
Business Developments & Projects

Following work for Shell, Argeo subsea vessel going to Indian Ocean

Argeo’s subsea vessel Argeo Searcher has completed a job in Nigeria for Shell and is now set to mobilize for work in the Indian Ocean. In its most recent vessel schedule, Argeo reported that its backlog update was currently running at around NOK 550 million (over $52.3 million), with a further sales

about 2 years ago
Island Innovator rig; Source: Island Drilling
Business Developments & Projects

Island Drilling’s rig kicks off three-well program in African waters

Trident Energy has embarked on a three-well infill drilling campaign on Block G offshore Equatorial Guinea.

about 2 years ago
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