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Business Developments & Projects

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Illustration; Source: PXGEO
Business Developments & Projects

Petrobras books PXGEO for another survey gig off Brazil

PXGEO has won a new contract with Brazil’s state-owned oil and gas giant Petrobras for a 4D ocean bottom node (OBN) survey offshore Brazil.

about 2 years ago
MMMCZCS
Business Developments & Projects

Green corridor surge: initiatives soar to 44, doubling from last year’s count

The number of green corridor initiatives around the world went from 21 to 44 over the past year, according to the findings of the 2023 Annual Progress Report on Green Shipping Corridors released by the Global Maritime Forum. The report finds that there is a ‘substantial maturation’ among existing co

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about 2 years ago
GTT and COSCO Shipping sign LNG tank deal
Business Developments & Projects

COSCO Shipping licensed to construct GTT’s systems for offshore LNG units

French LNG containment specialist GTT and Chinese shipyard COSCO Shipping (Qidong) Offshore, a subsidiary of shipping and logistics company COSCO Shipping, have signed a technical assistance and license agreement (TALA) for the construction of GTT membrane containment systems. Specifically, this agr

about 2 years ago
Mein Schiff 7
Business Developments & Projects

Methanol-ready Mein Schiff 7 launched in Finland

Mein Schiff 7, a methanol-ready cruise ship ordered by Hamburg-based cruise company TUI Cruises, has been launched in Finland.

about 2 years ago
Plans for hydrogen development at Dogger Bank D gain ground
Business Developments & Projects

Plans for hydrogen development at Dogger Bank D gain ground

Dogger Bank D, the potential fourth phase of the world’s largest offshore wind farm under construction, Dogger Bank Wind Farm, has awarded contracts to engineering consultants to support the feasibility and optimization of a large-scale green hydrogen development option on the project. SSE Renewable

about 2 years ago
Fincantieri
Business Developments & Projects

Fincantieri boosting offshore and subsea sectors’ growth with new acquisition

Italian shipbuilding giant Fincantieri has set forth the main terms and conditions for the acquisition of 100% shares of Remazel Engineering.

about 2 years ago
VLAC
Business Developments & Projects

Maersk Tankers reveals mega order for up to 10 very large ammonia carriers

Tanker operator Maersk Tankers has confirmed that it has ordered up to ten very large ammonia carriers (VLACs) at Hyundai Samho Heavy Industries in Korea. The order has been placed by an affiliated company of Maersk Tankers, validating previous media reports. As disclosed, Japanese company Mitsui &

about 2 years ago
Vopak becomes 50% shareholder in EemsEnergy Terminal
Business Developments & Projects

Vopak becomes 50% shareholder in EemsEnergy Terminal

Dutch tank storage company Vopak and compatriot energy network operator Gasunie have completed the principle agreement whereby Vopak becomes a 50% shareholder in EemsEnergy Terminal, an LNG import terminal in Eemshaven in the Netherlands. Vopak and Gasunie announced the principle agreement in April

about 2 years ago
DP World
Business Developments & Projects

DP World joins First Movers Coalition to spur decarbonization

Dubai-based port operator DP World has joined the First Movers Coalition (FMC), setting a target of 5% of its marine power to come from hybrid engines and zero-emission fuels by 2030.

about 2 years ago
Denmark and USA to explore development of green corridors in the Global South
Business Developments & Projects

Denmark and USA to explore development of green corridors in the Global South

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, the U.S. Department of State, the U.S. Department of Energy, and the Danish Government have joined forces to resource and execute pre-feasibility studies for green corridors in five countries in the Global South, as announced on Friday at C

about 2 years ago
Pertamina and Karpowership forge LNG and alternative fuels alliance
Business Developments & Projects

Pertamina and Karpowership forge LNG and alternative fuels alliance

Indonesia’s PT Pertamina International Shipping (PIS), a subsidiary of PT Pertamina (Persero), and Turkey’s Karpowership have formalized a general partnership agreement (GPA) to develop sustainable energy infrastructure in Indonesia. Under the GPA, which was formalized during the COP28 in Dubai on F

about 2 years ago
Environmental Defense Fund Europe (EDFE)
Business Developments & Projects

COP28 brings ‘historic’ action as 50 oil & gas players pen decarbonization charter

A global decarbonization charter, inked by 50 oil and gas firms to speed up climate action, will have a high-scale impact within the industry.

about 2 years ago
EU-Catalyst Partnership to back Ørsted’s FlagshipONE e-methanol project
Business Developments & Projects

EU-Catalyst Partnership to back Ørsted’s FlagshipONE e-methanol project

Danish energy company Ørsted has secured support from the EU-Catalyst Partnership, which consists of the European Commission (EC), Breakthrough Energy Catalyst, and the European Investment Bank (EIB), for its FlagshipONE project, also known as Europe’s largest e-methanol plant. On December 1, at COP

about 2 years ago
Prysmian's Leonardo da Vinci cable laying vessel; Source: Prysmian
Business Developments & Projects

Dive into: Multi-million and billion-dollar deals, interconnectors, innovations, acquisitions, and vessel jobs

The maritime and offshore energy industries share a decarbonization drive and seek to develop long-term net zero solutions to combat climate woes.

about 2 years ago