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SHI to demonstrate its digital twin technology on Pan Ocean’s LNG carrier
Business Developments & Projects

SHI to demonstrate its digital twin technology on Pan Ocean’s LNG carrier

South Korean companies Samsung Heavy Industries (SHI) and Pan Ocean have teamed up to demonstrate a digital twin-based ship management platform on one of Pan Ocean’s LNG carriers. To this end, SHI and Pan Ocean signed a memorandum of understanding (MoU) for the development of comprehensive digital s

about 2 years ago
SEA-KIT one step closer to developing first type-approved USV control system
Business Developments & Projects

SEA-KIT one step closer to developing first type-approved USV control system

UK-headquartered SEA-KIT International has launched a proprietary vessel control system (VCS) with the goal of enhancing the capability of its uncrewed surface vessels (USVs). As part of the development, new autopilot and drive modules have been built into SEA-KIT’s existing, purpose-built remote he

about 2 years ago
Natural gas produced from the Ormen Lange deep-water field off Norway’s coast flows for processing at the Nyhamna plant, before it is piped to the UK; Source: Shell
Business Developments & Projects

Shell prolongs Aker Solutions’ work on natural gas facility serving Norwegian Sea field

Aker Solutions has secured a long-term contract extension with Shell for a natural gas processing plant in Norway.

about 2 years ago
Shipping giants Maersk and CMA CGM join hands to work on greener fuels for ships
Business Developments & Projects

Shipping giants Maersk and CMA CGM join hands to work on greener fuels for ships

Danish shipping giant A.P. Moller Maersk and French major CMA CGM have decided to join forces on several areas relating to decarbonization, including the development of greener fuels for ships.

about 2 years ago
Jotun FPSO; Source: Vår Energi
Business Developments & Projects

Another North Sea project hit by cost inflation as capex estimate goes up

Vår Energi has updated its cost estimate for a field life extension project in the North Sea off Norway to reflect a tighter supplier market.

about 2 years ago
Commonwealth LNG and EQT conclude long-term LNG supply deal
Business Developments & Projects

Commonwealth LNG and EQT conclude long-term LNG supply deal

U.S.-based Commonwealth LNG has entered into a heads of agreement (HoA) with compatriot EQT for one million tons per annum (mtpa) of LNG under a 15-year tolling agreement, and associated gas supply to Commonwealth LNG’s facility in Cameron, Louisiana, U.S. According to Commonwealth, the terms antici

about 2 years ago
BV, Hanwha Ocean team up on LNG fuel tanks for ultra-large boxships
Business Developments & Projects

BV, Hanwha Ocean team up on LNG fuel tanks for ultra-large boxships

Classification society Bureau Veritas (BV) and South Korean shipbuilder Hanwha Ocean have announced a Joint Development Project (JDP) on the structural assessment of independent liquified natural gas (LNG) fuel tanks for ultra-large container ships.

about 2 years ago
Ocean Infinity to survey Equinor’s floating wind area offshore US
Business Developments & Projects

Ocean Infinity to survey Equinor’s floating wind area offshore US

Equinor Wind US has hired Ocean Infinity for survey work on one of the first-ever floating offshore wind farms on the US West Coast. Under the terms of this contract, Ocean Infinity will undertake a comprehensive site investigation survey using multiple AUVs (Autonomous Underwater Vehicles) simultan

about 2 years ago
Johan Castberg quayside at Aker Solutions, Stord; Credit: Øyvind Gravås/Equinor
Business Developments & Projects

Johan Castberg FPSO still on track for first oil next year but cost estimate jumps to $7.4 billion

Equinor has revised the cost estimate for its Johan Castberg project in the Barents Sea due to the rise in cost within the industry.

about 2 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business Developments & Projects

New gas discovery in North Sea seen as ‘exciting’ play opener

Norwegian oil and gas company DNO Norge has made a new gas condensate discovery in the Norwegian sector of the North Sea.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Business Developments & Projects

Coming to grips with a mixed bag of energy transition expectations

As COP28 nears, concerns surrounding climate change are heating up and the pressure on the oil and gas industry is mounting day in, day out.

12 minutes read
MOL
Business Developments & Projects

Are we ready for ammonia?

Over the course of the past year, the maritime industry has witnessed a remarkable surge in projects centered around ammonia as a sustainable ship fuel. Ammonia-powered ship types, fueled by zero-emission ambitions, have taken center stage at this year’s Gastech in Singapore, capturing the imaginati

11 minutes read
Fluxys forms hydrogen partnership with Oman’s OQGN
Business Developments & Projects

Fluxys forms hydrogen partnership with Oman’s OQGN

Belgium’s energy infrastructure company Fluxys has strengthened its partnership with Omani state-owned transmission system operator OQ Gas Networks (OQGN) to explore areas of strategic cooperation in the development of Oman’s hydrogen and CO2 infrastructure. Following an invitation to become an anch

about 2 years ago
FPSO Atlanta; Source: Yinson
Business Developments & Projects

Enauta winds down its drilling campaign off Brazil

Brazilian oil and gas player Enauta has concluded the drilling and completion of the last well in its drilling programme at a field offshore Brazil.

about 2 years ago
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