From early next year, energy and commodities company Vitol plans to expand the supply of biofuels in Asia with the delivery of specialized bunker barges in Singapore. Namely, the company is sending its specialized bunker barges to Singapore, and through its wholly-owned subsidiaries V-Bunkers and Vi
Oman LNG has signed shareholder agreements with several international companies, including Shell, as part of its strategic roadmap to extend the existing agreements and continue business beyond 2024. At the ceremony held on October 23, the state-owned company signed Oman LNG and Qalhat LNG sharehold
Japan’s energy major JERA and compatriot Kyushu Electric Power have signed a memorandum of understanding (MoU) concerning comprehensive discussions on collaboration aimed at achieving decarbonization and a stable energy supply. According to JERA, the MoU strengthens and expands the two companies’ ex
Scana-owned PSW Technology has secured an extension of its frame agreement with Odfjell Drilling for the provision of marine risers and subsea equipment services. The agreement includes services for the classification and testing of well control equipment for all the rigs within Odfjell Drilling’s p
UK-based maritime clean technology company Silverstream Technologies has signed an Agreement in Principle (AIP) with the China Classification Society (CCS). Silverstream said that this is the first agreement of this nature with a classification society. The Approval in Principle signifies that the C
Prysmian has completed the installation and HV testing activities at Vineyard Wind 1, the first utility-scale offshore wind farm in the US. Located more than 15 miles off the coast of Massachusetts, Vineyard Wind consists of an array of 62 wind turbines that will generate 800 MW of electricity and p
In an interview with Offshore Energy, the co-founder and managing director of Mocean Energy, one of the leading wave energy companies in the world, Cameron McNatt talked about the development of innovative wave energy technology and projects, while successfully navigating through all the challenges
Fifteen partners from Flanders and the Netherlands have come together to pool their expertise and test five promising energy solutions and enhance their applicability in the energy system as part of the Offshore for Sure project.
The Port of Oakland, USA, and the Port of Yokohama, Japan have signed the Green Shipping Corridor Memorandum of Understanding (MOU), paving the way to share best practices on the implementation of green initiatives to transform operations across the supply chain. The signing was part of the Port De
Oilfield services provider Petrofac has secured a multi-million-pound contract with Saipem to support the decommissioning of a platform in the UK sector of the North Sea. Under the terms of the contract, the companies will work as an integrated team to prepare and remove a 20,000-tonne topside using
Japanese multidiscipline engineering company Mitsui E&S has completed the construction of a hydrogen gas supply facility at the Tamano factory, aiming for the early launch of its hydrogen-related business. The company said it had constructed a facility capable of supplying a large volume of hydrogen
U.S. oil and gas major Chevron Corporation has entered into a definitive agreement with Hess Corporation to acquire all of the outstanding shares of the compatriot company in an all-stock transaction valued at $53 billion. Under the terms of the agreement, Hess shareholders will receive 1.0250 share
Port of Antwerp-Bruges has informed that on Monday, October 23, 2023, the Hydrotug 1, the world’s first hydrogen-powered tugboat, will make the journey from Oostende to its homeport in Antwerp, Belgium, where the port and shipping and cleantech company CMB.TECH will further prepare the vessel for co
The Sri Lanka Ports Authority (SLPA) aims to transform the Port of Colombo into an eco-friendly port by 2030, with a focus on renewable energy sources, aligning with the principles of a blue ocean economy. “In this context, we are actively exploring green energy solutions, including green methanol,
