Damen Shipyards Group has secured the first sale of its Damen Air Cavity System (DACS), an air lubrication system, borne out of a collaboration with the Delft University of Technology (TU Delft). The system maintains a thin layer of air over the flat bottom of a vessel’s hull, reducing resistance in
U.S.-based green methanol producer Carbon Sink and Jones Act-compliant shipping company Rose Cay Maritime have inked a Memorandum of Understanding to facilitate the maritime sector’s shift toward low-carbon fuels. Under the terms of the MoU, the duo agreed on increasing the production of the green f
Results from a new poll indicate that an overwhelming majority of voters support the production of more American energy.
UAE’s ADNOC Gas, an integrated gas processing company, has signed a 14-year supply agreement with the Indian Oil Corporation (IOCL) for the export of up to 1.2 million metric tons per annum (mmtpa) of liquefied natural gas (LNG). According to ADNOC Gas, the agreement, valued in the range of $7 billi
Liquefied natural gas (LNG) has become cheaper maritime fuel than Very Low Sulphur Fuel Oil (VLSFO), according to the most recent analysis made by Danish consultancy Sea-Intelligence. To comply with the IMO2020 regulations aimed at cutting sulphur emissions, the shipowners were given a choice betwee
With the demand for black gold still going strong, Europe has replaced Russian oil barrel for barrel by importing more from other producers.
The Government of Canada has announced an investment of up to $38 million under the National Trade Corridors Fund to improve cargo movement at the Port of Argentia based in Newfoundland. The funds are targeting the expansion of the existing Fleet Dock terminal. This expansion includes the constructi
Prosafe has disclosed a new timeline during which one of its semi-submersible vessels is expected to kick off its pending assignment.
Japan’s energy major JERA and Saudi Arabia’s Public Investment Fund (PIF) have signed a Memorandum of Understanding (MoU), which is set to drive cooperation between the two parties, to explore opportunities for the development of green hydrogen projects and derivatives. Specifically, according to JE
Houston-headquartered Forum Energy Technologies (FET) has delivered an electric observation-class remotely operated vehicle (ROV) to Canadian Memorial University of Newfoundland which can be used for renewable energy projects, among other things. Delivered to the Fisheries and Marine Institute, the
Following an international tender, First Gen Corporation has selected Shell for the first LNG cargo delivery and completed the berthing of the BW Batangas FSRU at its offshore LNG terminal in the Philippines. First Gen, in partnership with Tokyo Gas, is developing the Interim Offshore LNG Terminal t
Oslo-listed oil and gas E&P player BW Energy has started production from the third well in its multi-well programme offshore Gabon.
Woodside is laying out the groundwork to develop and bring several energy projects online, including oil and gas, low-carbon, and renewable ones.
Construction has begun on the €2.8 billion NeuConnect project, the first-ever energy link between the UK and Germany. Since the financial close that was completed in July 2022, a range of site surveys and archaeological activities have been carried out, allowing construction work to now begin in the
