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Business Developments & Projects

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JERA and Pertamina to collaborate on low-carbon fuels value chain
Business Developments & Projects

JERA and Pertamina to collaborate on low-carbon fuels value chain

Japanese energy giant JERA and Indonesia’s largest state-owned oil and natural gas company Pertamina have signed a memorandum of understanding (MoU) to collaborate on business opportunities for infrastructure investment in low-carbon fuels such as LNG and hydrogen/ammonia. JERA and Pertmina announce

about 2 years ago
Scandlines
Business Developments & Projects

Scandlines to electrify two Fehrmarn Belt ferries

Taking the next big step on its green journey, Danish ferry operator Scandlines has decided to electrify two ferries on the Fehmarn Belt that links Denmark with northern Germany.

about 2 years ago
Yale-based start-up converts captured CO2 into methanol
Business Developments & Projects

Yale-based start-up converts captured CO2 into methanol

Yale-based start-up Oxylus Energy has converted captured carbon dioxide (CO2) into methanol using an electrolyzer at room temperature and pressure at a production-level scale. On December 13, Oxylus Energy said it had passed the key benchmark test for the deployment and commercialization of its prop

about 2 years ago
MAN OSG
Business Developments & Projects

OSG’s Alaskan fleet gears up for methanol-ready upgrade from MAN ES

U.S.-based tanker owner and operator Overseas Shipholding Group (OSG) has inked an engine upgrade program with German powerhouse MAN Energy Solutions for its Alaskan Class fleet. The upgrade program covers four vessels from the series including Alaskan Explorer, Alaskan Frontier, Alaskan Legend, and

about 2 years ago
Out with financial bid criteria, in with unrestrained innovation in offshore wind
Business Developments & Projects

Out with financial bid criteria, in with unrestrained innovation in offshore wind

A healthy market framework is necessary for offshore wind projects to be sustainable and future-proof, and changes to the tendering framework can help ensure that, Ireen Geerbex, Director Market Development the Netherlands at Vattenfall, said during this year’s Offshore Energy Exhibition and Confere

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

US – natural gas love affair: Policymakers urged to acknowledge LNG’s ‘vital’ role in clinching global energy security and decarbonization

API is adamant that oil and gas will continue to be at the heart of energy security with LNG further entrenching its transition fuel label.

about 2 years ago
'Major' oil & gas OEM taps CRP Subsea for project in Angola
Business Developments & Projects

‘Major’ oil & gas OEM taps CRP Subsea for project in Angola

England-based CRP Subsea has secured multiple contracts with a “major oil and gas original equipment manufacturer (OEM)” to deliver equipment for a deepwater project in Africa. CRP Subsea will deliver integral buoyancy modules, hold back clamps, Uraduct and bend stiffeners for the umbilical project

about 2 years ago
Fulmar platform; Source: Repsol
Business Developments & Projects

UK regulator serves Repsol with highest fine to date amid GHG flaring and venting crackdown

The NSTA has given Repsol the highest fine issued so far for emitting GHG from three fields into the atmosphere without permission.

about 2 years ago
MOL
Business Developments & Projects

MOL to issue world’s first blue bonds in shipping

Japanese shipping major Mitsui O.S.K. Lines (MOL) has decided to issue blue bonds through a public offering in Japan’s domestic market in January 2024.

about 2 years ago
Crowley
Business Developments & Projects

Crowley to trial Carbon Ridge’s onboard carbon capture solution

Florida-based shipping and energy supply chain company Crowley and Carbon Ridge Inc, a U.S. developer of modular onboard carbon capture and storage solutions, have launched an onboard carbon capture pilot project. The project involves the utilization of Carbon Ridge’s patent-pending, second-generati

about 2 years ago
Wärtsilä
Business Developments & Projects

Wärtsilä cargo handling, fuel supply systems for Avance Gas carriers

Finnish technology group Wärtsilä has been contracted to supply the cargo handling and fuel supply systems for four new 40,000 cbm gas carrier vessels.

about 2 years ago
European project demonstrates potential for significant reduction in tidal energy costs
Business Developments & Projects

European project shows potential for significant reduction in tidal energy costs

A European project led by Scottish tidal energy developer Nova Innovation has demonstrated that the cost of tidal energy could potentially be reduced by as much as 40%. The €20 million EnFAIT (Enabling Future Arrays in Tidal) Horizon 2020 project brought together seven partners including Nova Innova

about 2 years ago
ANCAP
Business Developments & Projects

‘Historic’ moment for Uruguay: Shell, APA, and YPF seal deals for offshore hydrocarbon exploration

ANCAP has tucked a new milestone under its belt with the signing of contracts for four offshore blocks with three oil and gas players.

about 2 years ago
Bernhard Schulte
Business Developments & Projects

Bernhard Schulte orders LNG dual-fuel CO2 carrier backed by Northern Lights’ long-term charter

Germany-based shipowning company Bernhard Schulte has placed an order for its first CO2 tanker. The LNG dual-fuel newbuilding will be constructed at Dalian Shipbuilding Offshore (DSOC) and feature innovative technologies aimed at significantly reducing its carbon footprint such as wind propulsion an

about 2 years ago
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