Belgian owner of marine and industrial applications CMB.TECH plans to add approximately 120 hydrogen and ammonia-powered vessels to its fleet and has five hydrogen infrastructure projects worldwide in the pipeline, Alexander Saverys, the company’s chief executive, revealed in a capital markets day p
Saipem is facing restrictions on new contracts in Brazil due to being banned from making new deals with the country’s public administration over the next couple of years.
Italian maritime transportation group Fratelli Cosulich has ordered its first methanol dual-fueled chemical bunker tanker with a capacity of over 8,000 cubic meters and the ability to carry both green methanol and biofuels. According to Fratelli Cosulich, the order for the 7,990 dwt IMO Type II chem
Columbia Group, a Cyprus-based maritime integrated services platform, has formed a new venture capital entity that will act as a ‘melting pot’ for innovation.
An ocean thermal energy conversion (OTEC) project developed by Japan’s Mitsui O.S.K. Lines (MOL) in Mauritius has made a step towards commercialization by being selected for a program commissioned by Mauritius’ Ministry of Economy, Trade and Industry (METI). MOL’s project involves an initial study o
H2 Energy Europe, a builder of hydrogen ecosystems in Europe, has obtained environmental approval for its large-scale green hydrogen production facility in Esbjerg, Denmark. The approval issued for the facility, which will have a 1 GW electrolysis capacity, is said to be a significant milestone, bri
Beacon Offshore Energy has confirmed a final investment decision (FID) for the development of an oil discovery in the U.S. Gulf of Mexico.
Norwegian tanker major Frontline has agreed to sell its five oldest very large crude carriers (VLCCs), aligning with the company’s strategy of having only eco-friendly vessels in its fleet.
In a remarkable start to the new year, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) has reaffirmed its industry dominance by securing an order for the construction of two Very Large Gas Carrier (VLGC) ships. The undisclosed shipping company based in the Middle East placed the order, va
The U.S. Environmental Protection Agency (EPA) has set out to curb methane emissions from the oil and gas industry with a new proposed rule.
Fairway Methanol, a U.S.-based 50-50 joint venture (JV) between Japan’s Mitsui & Co. and U.S. Celanese Corporation, has begun the production of methanol by using carbon dioxide (CO2) emitted from plants surrounding the venture’s facility. According to Mitsui, Fairway Methanol is expected to capture
Rex has engaged Hannam & Partners (H&P) as its exclusive corporate finance advisor concerning its recently awarded PSC offshore Benin.
Williams has enriched its natural gas storage capabilities by putting the finishing touches on an acquisition of six Gulf Coast assets.
Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.
