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Business & Finance

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Authorities & GovernmentBusiness Developments & ProjectsRegulation & PolicyCollaborationOutlook & StrategyProject & TendersResearch & DevelopmentTransitionInfrastructureVesselsVisionExploration & ProductionSafetyMarket OutlooksOperations & Maintenance
Hong Kong unveils new scheme to boost green marine fuel bunkering
Business & Finance

Hong Kong unveils new scheme to boost green marine fuel bunkering

The Marine Department of the Hong Kong Special Administrative Region (HKSAR) has launched an incentive scheme for bunkering of green marine fuels.

about 1 year ago
FSRU Independence in Klaipėda; Source: Höegh Evi, former Höegh LNG
Business & Finance

More US LNG coming to Ukraine with new Naftogaz-Orlen deal

Naftogaz Group and Poland’s Orlen have signed on the dotted line to enable Ukraine to receive an additional 140 million cubic meters of liquefied natural gas (LNG) from the United States.

about 1 year ago
Nordic Baltic Hydrogen Corridor receives EU funding support
Business & Finance

Nordic Baltic Hydrogen Corridor receives EU funding support

The project promoters of the Nordic Baltic Hydrogen Corridor (NBHC) have signed a grant agreement with the European Climate, Infrastructure, and Environment Executive Agency (CINEA) for the European Union (EU) financial support to the NBHC.

about 1 year ago
COSCO Shipping
Business & Finance

BHP and COSCO ink charter deal for ammonia-fueled bulk carrier duo

Australia-based mining company BHP has entered into a charter agreement with COSCO Shipping Bulk, a subsidiary of China’s COSCO Shipping, for two ammonia dual-fuel Newcastlemax bulk carriers.

about 1 year ago
Ossian floating wind survey
Business & Finance

Benthic survey wraps up for Scottish floating wind farm

Specialist contractors have completed a benthic survey along a 420-kilometer stretch of seabed for the proposed Ossian floating offshore wind farm in Scotland. The month-long benthic campaign gathered information at 122 different sites along the route that will be used to export renewable energy fro

about 1 year ago
Cable laying about to resume at 725-kilometer link connecting UK and Germay for the first time
Business & Finance

Cable laying about to resume at 725-kilometer link to connect UK and Germay for the first time

Italian cabling giant Prysmian Group will soon kick off the second phase of cabling works in UK waters for NeuConnect, a high-voltage submarine cable that will create the first direct energy transmission link between the UK and Germany. The 725-kilometer land and subsea cable system is said to creat

about 1 year ago
Transocean Equinox, former Songa Equinox; Credit: ALP Maritime
Business & Finance

Timeline set for Transocean rig to kick off gas search offshore Australia

ConocoPhillips has confirmed its timeframe for the commencement of drilling activities in the Otway Basin, which will enable one of Transocean’s rigs to embark on a two-well gas exploration campaign off the coast of Australia.

about 1 year ago
Second Island Offshore hybrid ocean energy construction vessel under construction at VARD
Business & Finance

VARD cuts steel for second Island Offshore hybrid ocean energy construction vessel

Norwegian shipbuilder VARD has cut the first steel for the second hybrid power ocean energy construction vessel (OECV) it is building for compatriot shipping group Island Offshore, some four months after the first steel was cut for the first vessel. Island Offshore placed an order with VARD for the

about 1 year ago
Tsuneishi
Business & Finance

Tsuneishi ‘strengthens’ shipbuilding portfolio with full acquisition of Mitsui E&S unit

Japan’s Tsuneishi Shipbuilding has made the decision to acquire all shares of compatriot Mitsui E&S Shipbuilding from ship equipment manufacturer Mitsui E&S, making it a wholly-owned subsidiary. The transaction was made official on June 30 this year. Going forward, Mitsui E&S Shipbuilding will opera

about 1 year ago
Illustration; Source: ADES
Business & Finance

Tragic incident in Gulf of Suez: Four dead, three missing as jack-up capsizes

ADES has disclosed a towing incident in Egypt’s Gulf of Suez, involving a jack-up barge unit owned by its subsidiary and operating within a key oil zone in Egyptian territorial waters.

about 1 year ago
Brage platform; Source: OKEA
Business & Finance

Norwegian operator tasks AGR with oil & gas reserves assessments

Norway’s AGR, part of the energy and marine consultancy ABL Group, has been entrusted with delivering annual independent reserves evaluation and a competent person report (CPR) to OKEA, a compatriot oil and gas player.

about 1 year ago
MOL
Business & Finance

MOL grows tank storage business as it completes LBC Tank Terminals acquisition

Japanese shipping major Mitsui O.S.K. Lines (MOL) has become the 100% shareholder of LBC Tank Terminals, the Netherlands-based tank terminal operator in the chemical handling industry.

about 1 year ago
Delfin LNG; Source: Delfin Midstream
Business & Finance

Siemens, Samsung, and Black & Veatch scoop up work on US deepwater LNG export project

Delfin Midstream has tasked three players – Siemens Energy, Samsung Heavy Industries (SHI), and Black & Veatch – with handling assignments on its American LNG project, which is under development in Louisiana and offshore in the U.S. Gulf.

about 1 year ago
Seismic vessel Ramform Vanguard
Business & Finance

TGS gets offshore wind site characterization job in Norway

TGS has won a contract for offshore wind site characterization, including acquisition, imaging, and interpretation services offshore Norway. Ramform Vanguard will start acquisition in early July, with a duration of approximately 25 days. The imaging and interpretation work will begin concurrently wi

about 1 year ago
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