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Seismic signals indicating possible explosion recorded near Balticconnector gas pipeline
Business Developments & Projects

Seismic signals indicating possible explosion recorded near Balticconnector gas pipeline

Seismic signals have been recorded in the vicinity of the Balticconnector gas pipeline between Finland and Estonia, indicating a possible explosion had occurred around the time an unusual drop in pressure was observed. To remind, Balticconnector was shut down at midnight on October 8 after Finnish a

about 2 years ago
Angolan FPSO to pilot CCS plant on board
Business Developments & Projects

Angolan FPSO to pilot CCS plant on board

Yinson Production, together with client Azule Energy, is set to pilot an offshore carbon capture and storage (CCS) plant on the floating production storage and offloading (FPSO) vessel Agogo in Angola. The plant, said to be the world’s first post-combustion carbon capture unit installed onboard an F

about 2 years ago
Marine Energy Wales and UK Marine Energy Council to enhance collaboration for marine energy (Courtesy of Marine Energy Wales)
Business Developments & Projects

UK organizations strengthen marine energy ties

Marine Energy Wales and UK Marine Energy Council (MEC) have signed a memorandum of understanding, outlining and enhancing their collaborative efforts to support the marine industry in Wales and the wider UK.

about 2 years ago
Croatian import terminal to receive green ammonia from Brazil
Business Developments & Projects

Croatian import terminal to receive green ammonia from Brazil

Project developer Green Energy Park (GEP) has revealed plans to build a renewable ammonia facility in Piauí, Brazil, for exports to the proposed import terminal on the island of Krk, Croatia. To this end, GEP signed a letter of intent (LO) with The State of Piauí, Brazil, for the production and expo

about 2 years ago
PV Drilling
Business Developments & Projects

2007-built jack-up rig begins drilling program off Thailand

Vietnam’s Petrovietnam Drilling and Well Service Corporation (PV Drilling) has commenced a drilling program for Northern Gulf Petroleum in the Gulf of Thailand. PV Drilling’s 2007-built jack-up rig PV DRILLING I started to perform the drilling program at Block G6/48, Rossukon conventional oil field,

about 2 years ago
3D rendering of the Ammonia fuelled MGC, provided by Hyundai Mipo Dockyard
Business Developments & Projects

Industry firsts: HD Korea Shipbuilding to fit Exmar’s LPG carriers with ammonia-powered engines

South Korean shipbuilding major HD Korea Shipbuilding & Marine Engineering will install ammonia dual-fuel engines in two 46,000-cubic-meter medium-sized LPG carriers that are being built for Belgian shipping company Exmar. The vessels, measuring 190 meters in length, 30.4 meters in width, and 18.8 m

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

In focus: The hard truths and wake-up calls in the global energy transition

As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as

about 2 years ago
Fast4Ward design; Source: SBM Offshore
Business Developments & Projects

ExxonMobil hires SBM Offshore to build FPSO for sixth oil development off Guyana

SBM Offshore has gotten its hands on a contract to perform FEED for an FPSO, destined to work on ExxonMobil’s sixth oil project off Guyana.

about 2 years ago
Tommeliten A; Source: ConocoPhillips
Business Developments & Projects

More North Sea gas gushes out as cross-border project comes on stream ahead of schedule

ConocoPhillips has started production from a cross-border field in the North Sea six months ahead of schedule, ensuring more Norwegian gas for the energy market.

about 2 years ago
US awards $7 billion for seven clean hydrogen hubs
Business Developments & Projects

US awards $7 billion for seven clean hydrogen hubs

U.S. President Biden and Energy Secretary Jennifer Granholm have announced seven regional clean hydrogen hubs that were selected to receive $7 billion in ‘Bipartisan Infrastructure Law’ funding to accelerate the domestic market for low-cost, clean hydrogen. The seven selected regional clean hydrogen

about 2 years ago
CMA CGM assigns $600 million for Port Liberty
Business Developments & Projects

CMA CGM assigns $600 million for Port Liberty

French shipping major CMA CGM has revealed the names of its new terminals in the United States as the company embarks upon a $600 million upgrade at “Port Liberty New York” and “Port Liberty Bayonne”. The terminals were acquired by CMA CGM from Global Container Terminals (GCT) in December 2022. The

about 2 years ago
NREL’s researchers have determined cost-effective ways to purchase the moorings for a new wave energy test facility, currently under construction off the coast of Oregon (Courtesy of NREL/Illustration
Business Developments & Projects

Could PacWave test site potentially offer its own moorings for wave energy developers?

Researchers from the National Renewable Energy Laboratory (NREL) have identified the most cost-effective ways for the U.S. Department of Energy (DOE) to acquire mooring systems for PacWave – a new wave energy test site offshore Oregon – which could facilitate the test campaigns for developers.

about 2 years ago
Wood Mackenzie
Business Developments & Projects

WoodMac: Swift action needed to ratchet up carbon capture and reach net-zero by 2050

Wood Mackenzie believes that emerging sectors will not be able to usher in a net-zero by 2050 era without CCUS.

about 2 years ago
The CorPower 4 wave energy device offshore Porgual (Courtesy of CorPower Ocean)
Business Developments & Projects

CorPower Ocean’s wave energy device starts exporting power to Portugal’s grid

CorPower Ocean has completed the first steps of the commissioning program for its commercial-scale wave energy converter – the CorPower C4 – enabling the device to start exporting power to the Portugal’s grid.

about 2 years ago
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