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Business & Finance

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Outer Harbor project site; Source: Venice Energy
Business & Finance

Formal negotiations underway for new partner to come aboard renewable-powered floating LNG import terminal

Venice Energy is engaged in formal negotiations to secure what it describes as a major international balance sheet partner for a proposed liquefied natural gas (LNG) import terminal project in South Australia.

about 2 years ago
NYK concludes first charter deal for methanol-fueled bulk carrier
Business & Finance

NYK concludes first charter deal for methanol-fueled bulk carrier

NYK Bulk & Projects Carriers has reached a basic agreement with Kambara Kisen to time charter a methanol dual-fuel bulk carrier.

about 2 years ago
West Phoenix rig; Source: Semco Maritime
Business & Finance

Seadrill rig wraps up North Sea drilling campaign and comes to Norwegian yard

Seadrill has finished its drilling assignment at a field life extension project in the North Sea off the coast of Norway, which enabled its semi-submersible rig to go to a yard in Bergen.

about 2 years ago
Rendering of Scarborough FPU; Source: Woodside
Business & Finance

As legal challenge for $12.5 billion gas project gets dropped, first LNG cargo on track for 2026

Woodside has struck a deal to ensure a two-year legal challenge, concerning its giant energy project off the coast of Australia will be dismissed.

about 2 years ago
PIL books new LNG dual-fuel containerships to step up fleet renewal game
Business & Finance

PIL books new LNG dual-fuel containerships to step up fleet renewal game

As part of its fleet renewal program, PIL has ordered five new 13,000 TEU containerships to be powered by LNG dual-fuel engines.

about 2 years ago
Hanzevast
Business & Finance

Hanzevast launches new shipping fund

Dutch investment management company Hanzevast has launched a new shipping fund in order to accommodate the sustainability needs of the maritime industry.

about 2 years ago
Rig mobilizes for 'UK's first CO2 well injection test'
Business & Finance

Rig mobilizes for ‘UK’s first CO2 well injection’

A 1981-built non-propelled self-elevating cantilever jack-up rig has mobilized for the commencement of what will be the UK’s first CO2 well injection test. Perenco UK and Carbon Catalyst Limited secured a license to progress the Poseidon CCS project at the Leman gas fields in the UK southern North S

about 2 years ago
Van Oord fallpipe vessel powered by biofuel makes 26% emission cut
Business & Finance

Van Oord fallpipe vessel powered by biofuel cuts emissions by 26%

The Netherlands-headquartered Van Oord has taken a step seen as a milestone in its decarbonization efforts with the first delivery of biofuel for its 2011-built flexible fallpipe vessel. The biofuel delivered for the Stornes flexible fallpipe vessel in Norway is a B30 blend, consisting of 30% hydrot

about 2 years ago
An offshore rig and two boats
Business & Finance

One condition down, several more to go for Trinity’s acquisition by Trinidadian player

After accepting a cash offer from Trinidad-headquartered Lease Operators, UK’s Trinity Exploration and Production, which has a portfolio of onshore and offshore oil assets located solely in Trinidad and Tobago, is moving forward with the proposed merger.

about 2 years ago
Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Business & Finance

Subsea7 secures multi-million contract in US Gulf of Mexico

Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.

about 2 years ago
Jiangnan Shipbuilding bags new order for 93,000 cbm ammonia carriers
Business & Finance

Jiangnan Shipbuilding bags new order for 93,000 cbm ammonia carriers

Jiangnan Shipbuilding has secured a new contract for the construction of up to four 93,000 cbm very large ammonia carriers (VLACs).

about 2 years ago
UK firm plans recruitment drive following contract with Subsea7
Business & Finance

UK firm plans recruitment drive following contract with Subsea7

UK energy sector construction, maintenance & enhancement solutions player Global Energy Group is set to soon launch a recruitment drive to cover key fabrication operations at one of its facilities, following a new contract with Subsea7. Global Energy Group has been awarded another contract from Subs

about 2 years ago
Funding granted for offshore low-carbon hydrogen production project in Wales
Business & Finance

Funding granted for offshore low-carbon hydrogen production project in Wales

Dolphyn Hydrogen, Celtic Sea Power, ORE Catapult and Wales and West Utilities have secured funding to deliver the Milford Haven: Hydrogen Kingdom (MH:HK) project.

about 2 years ago
BW LPG
Business & Finance

BW LPG acquires dual-fuel and scrubber-fitted VLGCs from Avance Gas in $1 billion move

BW LPG has signed agreements to acquire 12 very large gas carriers (VLGCs), four of which are dual fuel, from Avance Gas.

about 2 years ago
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