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Business Developments & Projects

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HAISEA KERMODE
Business Developments & Projects

Sanmar hands over 1st LNG-powered tug to HaiSea Marine

Turkish shipbuilder Sanmar Shipyards has delivered Canada’s first LNG dual-fuelled tugboat Haisea Kermode to HaiSea Marine, a joint venture majority owned by the Haisla Nation in partnership with Seaspan ULC. Haisea Kermode can run on diesel or LNG, and features a diesel exhaust after-treatment syst

about 2 years ago
Greater Laggan Area; Source: TotalEnergies
Business Developments & Projects

With replacement work underway, restart of TotalEnergies’ UK gas plant anticipated in fortnight’s time

TotalEnergies is continuing its investigation into the failure of a heating system section at a gas plant on the north coast of the main island of the Shetland Isles.

about 2 years ago
MSC
Business Developments & Projects

Construction starts on LNG dual-fuel 16,000 TEU MSC containership

Tianjin Base of Dalian Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC), has started construction on the new LNG-powered 16,000 TEU containership ordered by MSC Mediterranean Shipping Company.

about 2 years ago
Liquid Wind sets plan in motion for its first eMethanol plant in Finland
Business Developments & Projects

Liquid Wind sets plan in motion for its first eMethanol plant in Finland

Swedish electrofuel developer Liquid Wind has formed a partnership with Finnish companies Kanteleen Voima and Piipsan Tuulivoima to prepare a feasibility study for setting up its first facility for producing eMethanol in Haapavesi, Finland. On 12 December, the parties announced the signing of a lett

about 2 years ago
Gjøa platform; Source: Neptune Energy
Business Developments & Projects

Fresh gas discovery and appraisal activity put potential tie-back to North Sea platform on the table

Neptune Energy has revealed a new gas discovery at an offshore prospect and confirmed the volumes for an appraisal well in the North Sea.

about 2 years ago
Eagle Bulk Shipping
Business Developments & Projects

Star Bulk and Eagle join forces to create dry bulk shipping powerhouse

Nasdaq-listed dry bulk shipping company Star Bulk Carriers and Eagle Bulk Shipping, one of the world’s largest owner-operators within the midsize dry bulk vessel segment, revealed their intent to merge through an all-stock agreement. The merger is expected to create a dry bulk shipping powerhouse wi

about 2 years ago
Cable-lay equipment ordered for new Nexans vessel
Business Developments & Projects

Cable-lay equipment ordered for new Nexans vessel

Italian company Remacut, part of NOV, has won a contract with Nexans to deliver the cable-lay equipment for the company’s new cable-lay vessel (CLV). Building on its predecessor, the CLV Nexans Aurora, the newly constructed vessel will incorporate a 3,500-ton underdeck carousel to complement the 10,

about 2 years ago
LNG Carrier Seishu Maru
Business Developments & Projects

NYK Line reveals plans for main engine upgrade on Moss-type LNG carriers

Japanese shipping major NYK Line has teamed up with compatriot shipbuilders Namura Shipbuilding Co. and Sasebo Heavy Industries Co. to replace the main propulsion on steam turbine–driven Moss-type LNG carriers. In October 2023, NYK was granted Approval in Principle (AiP) from the Japanese classifica

about 2 years ago
Vinssen delivers hydrogen fuel cells for pilot project in Singapore
Business Developments & Projects

Vinssen delivers hydrogen fuel cells for pilot project in Singapore

South Korean producer of electric and hydrogen hybrid propulsion systems Vinssen has tested and delivered a hydrogen fuel cell system for a trial project that aims to test hydrogen as a marine fuel. In order to deliver the system, Vinssen collaborated with Shell Singapore as the project sponsor, Sea

about 2 years ago
Deepsea Bollsta rig; Source: Lundin Energy
Business Developments & Projects

With Shell opting out of last extension option in Namibia, rig available for hire in summer

Northern Ocean is on the lookout for further assignments for a semi-submersible rig, which is expected to finish its work with Shell in the summer next year.

about 2 years ago
Princess Cruises
Business Developments & Projects

Keel laid for Princess Cruises’ new LNG-fueled ship

Italian shipbuilder Fincantieri has celebrated the beginning of construction of the second LNG-powered Sphere Class cruise ship ordered by the US-based cruise line Princess Cruises, part of Carnival Corporation. The keel laying ceremony for the Star Princess took place in Monfalcone, Italy, on Decem

about 2 years ago
António Guterres, UN Secretary-General; Credit: UNFCCC/Kiara Worth
Business Developments & Projects

COP28: Will a magic wand sweep away oil, gas, and LNG in favor of green agenda?

As a battle over fossil fuel language continues to rage, the pressure is not letting up on demands to phase out fossil fuels.

12 minutes read
Illustration; Source: The International Energy Agency (IEA)
Business Developments & Projects

COP28’s impact on LNG spree: Will decarbonization moves throw oil & gas players off their game?

Will the anticipated global build-out of liquefied natural gas (LNG) projects continue or will many of these projects come to an abrupt end?

15 minutes read
Hy24’s Clean Hydrogen Equipment Fund wins Dutch bank’s support
Business Developments & Projects

Hy24’s Clean Hydrogen Equipment Fund wins Dutch bank’s support

Dutch bank ABN AMRO is investing in the Clean Hydrogen Equipment Fund, managed by Hy24, a clean hydrogen investment fund committed to scaling up the global hydrogen economy. This is said to be the second climate-related fund investment taken on by ABN AMRO Corporate Investments and fits with the ban

about 2 years ago
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