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Balticconnector damage probe focuses on suspicious Chinese vessel
Business Developments & Projects

Balticconnector damage probe puts Chinese vessel under investigation

The investigation into the damage to the Balticonnector gas pipeline between Finland and Estonia is now focused on the role of the Hong Kong-flagged NewNew Polar Bear container vessel, Finland’s National Bureau of Investigation (NBI) said. The Finnish police have established in the criminal investig

about 2 years ago
Sabella's D10 tidal energy turbine (Courtesy of Sabella)
Business Developments & Projects

Sabella goes into receivership

French tidal energy company Sabella has been placed in a receivership following several months of dealing with financial difficulties.

about 2 years ago
Value Maritime
Business Developments & Projects

JR Shipping marks 10th Filtree installation in carbon capture milestone

Dutch shipping company JR Shipping has reached a significant milestone by installing the 10th Filtree Carbon Capture system on its fleet. The installation was carried out on board the 750 TEU MV Enforcer vessel in cooperation with Spanish shipbuilder Astilleros de Santander S.A.U. The Dutch-flagged

about 2 years ago
Tango FLNG and Excalibur FSU on their way to start up first phase of Eni’s Congo LNG project
Business Developments & Projects

Tango FLNG and Excalibur FSU on their way to start up first phase of Eni’s Congo LNG project

Tango floating liquefied natural gas (FLNG) and Excalibur floating storage unit (FSU) have set sail to Congo as Eni prepares to start up the first phase of its Congo LNG project in December 2023. Following refurbishment carried out by Exmar, the two vessels sailed away from Dry Docks World yard in D

about 2 years ago
Wärtsilä, Raizen to explore ethanol’s potential as a marine fuel
Business Developments & Projects

Wärtsilä, Raizen to explore ethanol’s potential as a marine fuel

Finnish technology group Wärtsilä has signed a strategic partnership agreement with Brazilian energy company Raizen for decarbonization modeling and ethanol’s potential as a marine fuel.

about 2 years ago
New company to be created as part of Solstad refinancing
Business Developments & Projects

New companies to be created as part of Solstad refinancing

Solstad Shipholding, a subsidiary of Solstad Offshore, has reached an agreement with Aker, via its wholly owned subsidiary Aker Capital, AMSC, DNB Bank and Export Finance Norway (Eksfin) for an overall refinancing solution which will create a robust industrial platform going forward. Solstad has, to

about 2 years ago
Eesti Gaas to bring extra LNG supplies to Inkoo terminal in Finland
Business Developments & Projects

Eesti Gaas to bring extra LNG supplies to Inkoo terminal in Finland

Energy company Eesti Gaas, also known as Elenger, has announced it will bring an additional LNG cargo from the United States (U.S.) to the Inkoo terminal, Finland, in the second half of November 2023 to cover the country’s gas consumption. Margus Kaasik, Chairman of the Management Board of Eesti Gaa

about 2 years ago
DP World
Business Developments & Projects

DP World pens 30-year concession to operate Dar Es Salaam Port

Dubai-based port operator DP World has signed a 30-year concession agreement with the Tanzania Ports Authority (TPA) to operate and modernize the multi-purpose Dar es Salaam Port. The concession was awarded with the primary objective of optimizing the port’s operations to improve transport and logis

about 2 years ago
Eni clinches long-term LNG deal with QatarEnergy to strengthen Italy’s energy security
Business Developments & Projects

Eni clinches long-term LNG deal with QatarEnergy to strengthen Italy’s energy security

Qatar’s state-owned oil and gas company QatarEnergy and Italian energy major Eni have signed a long-term agreement for the supply of LNG from Qatar to Italy. Under the 27-year sale and purchase agreement (SPA), up to one million tons per annum (mtpa) of LNG will be delivered to the floating storage

about 2 years ago
Stolt Tankers details carbon insetting program
Business Developments & Projects

Stolt Tankers details carbon insetting program

Stolt Tankers has outlined how the business’s carbon-insetting program is helping to reduce Scope 1 emissions and supporting its partners to lower emissions within their own supply chains.

about 2 years ago
SABRE
Business Developments & Projects

Singapore shortlists six consortia for ammonia project

Six consortia have been shortlisted by the Energy Market Authority (EMA) and Maritime and Port Authority of Singapore (MPA) for Singapore’s ammonia power generation and bunkering project on Jurong Island. The selected proposals will advance to the next stage of development through a closed Request f

about 2 years ago
Illustration/TTI Renewables’ NetBuoy during tank trials (Courtesy of Wave Energy Scotland)
Business Developments & Projects

WES boosts 5 projects to design new class of wave energy converters

Wave Energy Scotland (WES) has awarded funding to five wave energy projects as part of its Direct Generation Concept Design Competition, which aims to develop new class of wave energy devices.

about 2 years ago
MSC Euribia in first LNG bunkering op under Shell-MSC Cruises deal
Business Developments & Projects

MSC Euribia in first LNG bunkering op under Shell-MSC Cruises deal

Energy major Shell Western LNG and MSC Cruises, the cruise division of MSC Group, have completed the first bunkering of LNG-powered vessel MSC Euribia in Rotterdam, the Netherlands, under the agreement for Shell to provide marine fuels for the line’s newbuild. Pierfrancesco Vago, MSC Cruises’ Execut

about 2 years ago
Rig en route to begin drilling campaign off Namibia
Business Developments & Projects

Rig en route to begin drilling campaign off Namibia

Portuguese oil and gas company Galp is getting ready to begin drilling a well in license PEL 83 offshore Namibia, located close to Shell’s Graff and TotalEnergies’ Venus discoveries. Galp’s partner, Canada-based Sintana Energy, said on October 19 that the semi-submersible rig Hercules is currently i

about 2 years ago
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