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Business Developments & Projects

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DSCI CMES
Business Developments & Projects

CMES pens contract for world’s 1st methanol-fuelled VLCC

Just weeks after making headlines with its ambitious announcement at the end of August, China Merchants Energy Shipping (CMES) has swiftly moved forward with the order of the world’s first methanol dual-fuel Very Large Crude Carrier (VLCC). As previously announced, Dalian Shipbuilding Industry Group

about 2 years ago
Illustration/French developer Sabella deploying its tidal energy turbine (Courtesy of Ocean Energy Europe)
Business Developments & Projects

In focus: Accelerating buildout of sustainable energy mix amid fossil fuel impasse

Last week’s G20 summit in India concluded with mixed progress on environmental issues. The leaders hailed the ambitious new renewable energy goal to “pursue and encourage efforts to triple renewable energy capacity globally” by 2030. However, the gathering was marked with lingering disagreements and

about 2 years ago
Wison & Genting sign LNTP deal to buy equipment for FLNG unit in Indonesia
Business Developments & Projects

Wison & Genting sign LNTP deal to buy equipment for FLNG unit in Indonesia

Wison (Nantong) Heavy Industry, an affiliate of Wison Offshore & Marine, and Genting Oil & Gas Limited (GOGL), via its wholly-owned indirect subsidiary PT Layar Nusantara Gas (PTLNG), have entered into a limited notice to proceed agreement (LNTP) to purchase $43.04 million of long lead items for a 1

about 2 years ago
Ammonia
Business Developments & Projects

Next on the horizon: A naming ceremony for an ammonia-powered ship?

Thursday witnessed a momentous occasion in the annals of container shipping, one that reverberated with promises of greener, more sustainable days ahead for the maritime industry. The naming ceremony of the world’s first methanol-powered containership, the Laura Maersk, took center stage, signifying

about 2 years ago
The installation of EEL Energy’s tidal turbine in Rhône river (Courtesy of EEL Energy)
Business Developments & Projects

French tidal energy company eyes up to €2M of fresh funding

French company EEL Energy is looking to raise up to €2 million in new funding to help advance its tidal energy technology and projects.

about 2 years ago
Gina Krog platform in North Sea; Source: Øyvind Torjusen/Equinor
Business Developments & Projects

Equinor hands over development plan for multi-million gas tie-back in North Sea

Equinor has submitted a plan for the development and operation (PDO) for a gas discovery in the North Sea.

about 2 years ago
SCZONE, Dutch officials pen cooperation deal to boost green fuel investments
Business Developments & Projects

SCZONE, Dutch officials pen cooperation deal to boost green fuel investments

Waleid Gamal El-Dien, Chairman of the Suez Canal Economic Zone (SCZONE), and the Dutch consortium and Rotterdam City have signed a cooperation protocol that aims to attract investments in establishing green hydrogen production plants and facilities. The parties signed the deal during El-Dien’s meeti

about 2 years ago
CalWave’s x1 wave energy pilot device (Courtesy of CalWave Power Technologies)
Business Developments & Projects

CalWave joins United Nations carbon-free energy movement

CalWave Power Technologies, a California-based developer of wave energy technologies, has joined the 24/7 Carbon-Free Energy Compact, a community that works to provide clean energy for all – powered by sustainable solutions.

about 2 years ago
Hudong-Zhonghua hands over 24,116 TEU container titan MSC Claude Girardet
Business Developments & Projects

Hudong-Zhonghua hands over 24,116 TEU container titan MSC Claude Girardet

Chinese shipbuilder Hudong-Zhonghua Shipbuilding hosted the delivery ceremony for the 24,116 TEU ultra-large container ship, MSC Claude Girardet commissioned by China Ship Leasing and Swiss container shipping major MSC Mediterranean Shipping Company. This is the fourth 24,000TEU giant to be delivere

about 2 years ago
CF Industries and POSCO sizing up U.S.-based clean ammonia production with offtake into South Korea
Business Developments & Projects

CF Industries and POSCO sizing up U.S.-based clean ammonia production with offtake into South Korea

U.S. ammonia producer CF Industries Holdings and South Korea’s steelmaking and energy trading company POSCO Holdings have announced that they are evaluating a joint venture to construct a low-carbon clean ammonia plant at CF Industries’ Blue Point Complex in Ascension Parish, Louisiana, U.S., along

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

Projections of peak oil, gas, and coal demand before 2030 deemed ‘extremely risky and impractical’

OPEC, a permanent intergovernmental organisation of 13 oil-exporting developing nations that coordinates and unifies the petroleum policies of its members, is convinced that the recent assertions about the fossil fuels – coal, oil, and gas – demand peaking before 2030 are not supported by “consisten

about 2 years ago
21 carbon storage licenses awarded in UK’s landmark licensing round
Business Developments & Projects

21 carbon storage licenses awarded in UK’s landmark licensing round

A total of 14 companies have been awarded 21 licenses in the UK’s first-ever carbon storage licensing round – said to have the potential to store almost 10% of UK greenhouse gas emissions. The North Sea Transition Authority (NSTA) announced on 15 September that 14 companies had accepted licenses in

about 2 years ago
MOWT hydrokinetic turbine concept (Courtesy of MWNW Consulting/Rivtide Power)
Business Developments & Projects

Rivtide Power grabs six-figure Scottish Enterprise grant for tidal energy tech

Rivtide Power, a subsidiary of MWNW Consulting, has been awarded a £100,000 SMART: SCOTLAND feasibility study grant by Scottish Enterprise to further develop its tidal energy technology.

about 2 years ago
Rijeka Terminal
Business Developments & Projects

Construction starts on Maersk’s EUR 380 mln state-of-the-art terminal in Rijeka

A momentous occasion in the history of the Port of Rijeka, Croatia, unfolded on Wednesday, September 13, as the ground-breaking ceremony officially marked the commencement of construction for the highly anticipated Rijeka Gateway terminal. Destined to become the most advanced and remote-controlled c

about 2 years ago
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