In what was described as a significant milestone, Omani hydrogen company Hydrom, a subsidiary of Energy Development Oman (EDO), has signed agreements to award three hydrogen projects to be developed in the Sultanate. The agreements were signed today, 1 June, as a result of the first round of Hydrom’
A keel laying ceremony for a Pacific Island supply vessel, which will provide a trading, research and training platform for the Republic of the Marshall Islands, has taken place at Asia Shipbuilding Co, Geoje Island, South Korea.
Ulrik Uhrenfeldt Andersen, the CEO of Golden Ocean Group, revealed his decision to step down from the position after leading the company through a period of immense growth and environmental transformation. GOGL’s board has appointed Lars-Christian Svensen, Golden Ocean’s Chief Commercial Officer, to
Italian cabling giant Prysmian Group is set to invest around €120 million in its plant in Pikkala, Finland, in order to further increase the production capacity of 525 kV HVDC submarine cable systems. New vertical continuous vulcanization (VCV) lines at the Finnish plant are expected to more than do
BalticSeaH2 project – a large-scale cross-border hydrogen valley gathering 40 partners from nine Baltic Sea region countries – with production potential for hydrogen to reach 100,000 tonnes annually, is ready to kick off. BalticSeaH2, prepared by Finnish CLIC Innovation as the project coordinator an
Norwegian tanker shipping heavyweight Frontline has secured a sustainability-linked loan, totaling up to $129.4 million. The financing was obtained through a senior secured term loan facility with Dutch banking group ING, which according to Frontline, offers attractive terms and is intended to refin
The Selkie project, a €5.2 million EU-backed cross-border project focused on boosting the marine energy industry in Wales and Ireland, has been concluded following four years of operation. Selkie is a consortium of University College Cork (UCC) and Swansea University (SU) and GDG, DP Energy Ireland,
Japanese shipping heavyweight Mitsui O.S.K. Lines (MOL) has joined the e-Smart Port Platform Prototype Project, a Hong Kong government initiative to develop Hong Kong’s logistics functions and port community integrative platform.
Norwegian offshore vessel owner Eidesvik Offshore has entered into agreements with two separate parties for the sale of its three seismic vessels. In a statement issued on 1 June, Eidesvik reported that it was selling the seismic vessels Veritas Viking, Vantage and Viking Vision to two separate buye
United European Car Carriers’ (UECC) state-of-the-art LNG dual-fuel vessel Auto Energy has completed its first LNG bunkering operation in the Mediterranean. According to UECC, a provider of sustainable short sea ro-ro transportation in Europe, the operation took place in the port of Sagunto, Spain,
Finnish technology group Wärtsilä has signed an agreement to apply decarbonisation modelling on the bulk carriers of Orient Express Lines of Dubai, owned by Transworld Group and managed by Transworld Ship Management (TWSM).
Four oil and gas players have signed a production sharing contract (PSC) for an exploration block located offshore Brazil.
Eni has handed out another short-term contract extension to BW Offshore for an FPSO, working on a field located offshore Nigeria.
Luxembourg and Portugal have signed a declaration of cooperation on renewable energies, including the development of a renewable hydrogen corridor between the two countries. During his visit to Lisbon, Luxembourg’s Minister of Energy, Claude Turmes, signed the declaration with his Portuguese counter
