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Business Developments & Projects

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LR certificate
Business Developments & Projects

Nova Scotia recycling facility clinches Hong Kong Convention certification

Nova Scotia recycling facility R.J. MacIsaac Ltd. (RJMI) has won certification from Lloyd’s Register (LR) classification society according to the requirements of the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (Hong Kong Convention). It is the first C

about 2 years ago
Lerwick Harbour
Business Developments & Projects

Britain’s port becoming ‘main’ marine support hub for development of giant oil & gas field

Lerwick Harbour, situated at the crossroads of the North Sea and North-east Atlantic, has been tasked with servicing Equinor’s first development phase of a controversial oil and gas field located on the UK Continental Shelf (UKCS).

about 2 years ago
First DC connection between Europe and North Africa gets €45 million from EIB
Business Developments & Projects

First DC connection between Europe and North Africa gets €45 million from EIB

Elmed, set to become the first direct current (DC) connection between Europe and North Africa, has secured €45 million in funding from the European Investment Bank (EIB). The €921 million project concerns the implementation of an HVDC link interconnecting Tunisia and Italy across the Strait of Sicil

about 2 years ago
Port of Trelleborg
Business Developments & Projects

Port of Trelleborg teams up with ENERCON to harness wind for green power

The Port of Trelleborg has inked a deal with German wind power company ENERCON for the construction of two 120-meter-high wind turbines. This move aligns with the port’s ambitious plan to become a major energy hub, ensuring self-sufficiency in energy production for its future needs, including shore

about 2 years ago
Tidal energy has potential to provide 11% of UK’s electricity demand, analysis says
Business Developments & Projects

Tidal energy has potential to provide 11% of UK’s electricity demand, analysis says

Tidal energy has the potential to provide 11.5 GW to the UK energy system, 11% of the UK’s electricity demand, and tidal stream projects could contribute up to £17 billion to the UK economy by 2050, according to Offshore Renewable Energy (ORE) Catapult and Imperial College London (ICL). In 2022, ORE

about 2 years ago
LNG
Business Developments & Projects

US-led coalition of global powers warns Houthis to stop ‘illegal attacks’ or ‘bear the consequences’

The governments of the United States, Australia, Bahrain, Belgium, Canada, Denmark, Germany, Italy, Japan, Netherlands, New Zealand, Singapore, and the United Kingdom issued a joint statement warning the Houthis against further attacks in the Red Sea. The statement is being issued on the heels of th

about 2 years ago
Illustration; Source: Petronas
Business Developments & Projects

Petronas continuing oil & gas ops at Java Sea field for 20 more years

Petronas has tucked a 20-year extension under its belt for a production sharing contract (PSC) related to an oil and gas field in the Java Sea.

about 2 years ago
Report: US emerges as largest LNG exporter in 2023
Business Developments & Projects

Report: US emerges as largest LNG exporter in 2023

According to news agency Reuters, U.S. liquefied natural gas (LNG) exports have hit monthly and annual record highs in December, with analysts saying it has positioned the U.S. to become the largest exporter of LNG in 2023. “The U.S. was the stand out in global LNG supply growth in 2023,” Alex Munto

about 2 years ago
Wisdom Marine
Business Developments & Projects

Wisdom Marine, Synergy Group form ship management joint venture

Taiwan-based dry bulk shipowner Wisdom Marine and Singapore-based ship management company Synergy Group have launched a strategic bulk carrier joint venture.

about 2 years ago
Who Dat; Source: Delmar
Business Developments & Projects

Oil & gas acquisition worth $720 million opens Gulf of Mexico doors for Australian firm

Karoon Energy has closed a $720 million acquisition, adding stakes in oil and gas fields offshore Louisiana to its asset portfolio.

about 2 years ago
TechnipFMC wins contract with Petrobras worth over $1 billion
Business Developments & Projects

TechnipFMC wins contract with Petrobras worth over $1 billion

TechnipFMC has secured a “major” integrated engineering, procurement, construction, and installation (iEPCI) contract with Brazilian state-owned oil and gas giant Petrobras for a project offshore Brazil. TechnipFMC reported it had won the contract to deliver the Mero 3 HISEP project which uses subse

about 2 years ago
Color line
Business Developments & Projects

Color Line’s ferry duo switches to biofuel

For the past month, Color Line’s two passenger ferries, linking Denmark and Norway, have been fueled exclusively with B100 biofuel, supplied and managed by marine fuel supplier Bunker One. Bunker One has supplied B100 biofuel to Color Line’s SuperSpeed 1 and 2 ferries travelling between Hirtshals in

about 2 years ago
Norwegian Offshore Directorate
Business Developments & Projects

With more responsibilities on its plate, Norwegian Petroleum Directorate gets new name

The Norwegian Petroleum Directorate (NPD) has changed its name to the Norwegian Offshore Directorate (NOD).

about 2 years ago
Fraunhofer IKTS: Membrane reactors for hydrogen to change green shipping
Business Developments & Projects

Fraunhofer IKTS: Membrane reactors for hydrogen to change green shipping

“Catalytic ceramic membrane reactors allow us to generate hydrogen offshore via methanol-reforming or ammonia cracking and promote its application as a fuel,” said Mohit Jain, Research Associate at German Fraunhofer Institute for Ceramic Technologies and Systems (IKTS). At the Offshore Energy Exhibi

about 2 years ago
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