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Business & Finance

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Lloyd’s Register, South Korean uni to set up global certification framework for liquid hydrogen shipping
Business & Finance

Lloyd’s Register, South Korean uni to set up global certification framework for liquid hydrogen shipping

UK-based classification society Lloyd’s Register and South Korea’s Pusan National University (PNU) have signed a memorandum of understanding (MoU) to establish the first-ever global certification framework for liquid hydrogen shipping. The framework aims to create the first internationally recognize

about 3 months ago
Illustration; Source: Jadestone Energy
Business & Finance

Gas sales pact paves the way for Jadestone’s Southeast Asian offshore project

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has sealed a deal with PV Gas, a subsidiary of Vietnam’s state-owned national energy group Petrovietnam. This unlocks the doors for the development of gas discoveries off the coast of Vietnam, Southeast Asia.

about 3 months ago
North Sea topside decom ops; Source: Mammoet
Business & Finance

North Sea topside decom ops benefit from integrated load-ins

Netherlands-based heavy lifting and transport provider Mammoet has streamlined two topside decommissioning projects in the North Sea by employing combined planning to curb costs and delivery time.

about 3 months ago
TGS to spend additional three years at Gulf of America job
Business & Finance

TGS to spend additional three years at Gulf of America job

Norway’s energy data and intelligence company TGS has secured an extension to a multi-year ocean bottom node (OBN) acquisition contract in the Gulf of America. The contract has been extended for an additional three-year duration, with a “major producer in the Gulf of America”, TGS said. Kristian Joh

about 3 months ago
After LNG vessel deal, Dubai-based firm orders four new VLGCs to enrich LPG fleet
Business & Finance

After LNG vessel deal, Dubai-based firm orders four new VLGCs to enrich LPG fleet

Dubai-based independent energy and commodities trading group BGN is expanding its liquefied petroleum gas (LPG) fleet capacity with the order for four new dual-fuel very large gas carriers (VLGCs) to be built in Korea. HD Hyundai Heavy Industries (HD HHI) will construct the four VLGCs at its shipyar

about 3 months ago
OKEA
Business & Finance

OKEA sheds its stake in Norwegian gas/condensate discovery

Norway’s oil and gas company OKEA has struck a deal with Japex Norge, a Norwegian subsidiary of Japan Petroleum Exploration (JAPEX), to divest its interest in an offshore gas/condensate discovery on the Norwegian Continental Shelf (NCS).

about 3 months ago
Deepsea Atlantic semi-submersible rig; Credit: Odfjell Drilling
Business & Finance

Probe underway as rig ops come to a standstill after blowout preventer drop

Scotland-headquartered offshore drilling contractor Odfjell Drilling has reported an equipment-handling incident on a 17-year-old semi-submersible, which halted rig activity pending repairs.

about 3 months ago
Three-party union in Singapore targets low-carbon ammonia as marine fuel
Business & Finance

Three-party union in Singapore targets low-carbon ammonia as marine fuel

A three-party partnership has been established to explore the marketing and supply of low-carbon ammonia as a marine fuel to maritime end-users in Singapore. Singapore-headquartered NYK Bulkship (Asia), a subsidiary of Japanese shipping major NYK, Singaporean bunker supplier Golden Island, and Yara

about 3 months ago
renewable
Business & Finance

World’s first global shipping carbon price talks back at UN’s bargaining table

As negotiations on a landmark climate agreement introducing the world’s first global carbon price on any polluter are set to catch a second breeze, the resumption of talks at the UN is seen as a big test whether countries can unite against the U.S. and other largely oil-producing states to defend th

about 3 months ago
Dajin, Zhengli eye vessel retrofit for European offshore wind market
Business & Finance

Dajin, Zhengli eye vessel retrofit for European offshore wind market

Dajin Heavy Industry has signed a strategic cooperation framework agreement with Zhengli Marine Engineering to develop offshore wind installation vessel solutions for the European market. Under the agreement, the two Chinese companies will jointly assess the feasibility of retrofitting Zhengli Offsh

about 3 months ago
Illustration; Source: Petrobras
Business & Finance

Petrobras enriches oil & gas arsenal with African offshore block

Brazil’s state-owned energy giant Petrobras has expanded its oil and gas portfolio with a new exploration block off the coast of São Tomé and Príncipe, Africa.

about 3 months ago
Energy Savannah, soon to be renamed Astro Atlas; Courtesy of Golden Energy Offshore
Business & Finance

2021-built vessel opens ultra-deepwater market doors for Astro Offshore

Dubai-based offshore vessel operator Astro Offshore, an Adani Group company, has enlarged its fleet with a new multipurpose support vessel (MPSV). This addition is described as the largest vessel in the firm’s fleet.

about 3 months ago
US company granted offshore wind survey license in Vietnam
Business & Finance

US company granted offshore wind survey license in Vietnam

U.S.-based Pacifico Energy has received a site survey license for a 500 MW offshore wind project in Ba Ria–Vung Tau, offshore Ho Chi Minh City, Vietnam. The license, granted by Vietnam’s Ministry of Agriculture and Environment (MAE), allows the company to carry out site survey assessment activities

about 3 months ago
‘World’s first’: Methane removal system debuts at sea
Business & Finance

‘World’s first’: Methane removal system debuts at sea

A U.S.-UK partnership has launched what is said to be the first-ever pilot project that will see the extended at-sea trial of a system designed to remove methane during normal ship operations. California-headquartered climate technology company Bennu Climate and Lomarlabs, an innovation arm of Lomar

about 3 months ago
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