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Neptune finds hydrocarbons in Norwegian Sea prospect
Business & Finance

Neptune finds hydrocarbons in Norwegian Sea prospect

Neptune Energy has encountered hydrocarbons during the drilling of an exploration well located in the Norwegian Sea.

about 3 years ago
Illustration/Navigator Jor
Business & Finance

Navigator, Enterprise to expand their joint ethylene export terminal

Navigator Holdings, the owner and operator of the world’s largest fleet of handysize liquefied gas carriers, has joined hands with Enterprise Products Partners on expanding their existing ethylene export terminal joint venture at Morgan’s Point, Texas on the Houston Ship Channel. The developments ma

about 3 years ago
Iran to boost production by drilling 35 new wells on ‘world’s largest offshore gas field’
Business & Finance

Iran to boost production by drilling 35 new wells on ‘world’s largest offshore gas field’

To ramp up and maintain gas production from a field off Iran, Pars Oil and Gas Company unveiled plans to drill 35 new wells at this field.

about 3 years ago
Wintershall Dea hands in amended plan for Norwegian field
Business & Finance

Wintershall Dea hands in amended plan for Norwegian field

Operator Wintershall Dea and licensees Petoro and Sval Energi have submitted the amended plan for the development and operation of the Maria field to Norway’s Ministry of Petroleum and Energy. Located at a depth of 300 meters in the Norwegian Sea, the Maria field started production in 2017 from two

about 3 years ago
Molslinjen
Business & Finance

Molslinjen to test flywheel technology onboard its ferries

Danish ferry operator Molslinjen has entered into a strategic technology and investment deal with compatriot energy storage firm WattsUp Power A/S. The company produces so-called flywheels, which in theory can enable a fast ferry to run entirely on green energy. A flywheel is essentially a mechanica

about 3 years ago
Port
Business & Finance

Lack of strong national policies on green fuels holds back investments in shipping infrastructure, report says

A new report by the Tyndall Centre at the University of Manchester, which highlights the role of the shipping sector in transporting green fuels, is urging governments to create far stronger national policies on low-carbon fuels in order to bridge ‘a yawning gap’ between government-led projects and

about 3 years ago
International declaration calls for reduction of greenhouse gas emissions from fossil fuels
Business & Finance

International declaration calls for reduction of greenhouse gas emissions from fossil fuels

The European Union, United States, United Kingdom, Canada, Japan, Norway and Singapore have signed a joint declaration on reducing greenhouse gas emissions from fossil fuels, committing to take rapid action to address the climate and energy security crises. The parties said they affirm the need to a

about 3 years ago
Morlais Demonstration Zone (Courtesy of Welsh Government)
Business & Finance

Morlais tidal energy scheme hires environmental helping hand

Menter Môn, the manager of the Morlais tidal energy project, has awarded a contract to UK-based engineering and environmental consultancy HR Wallingford related to environmental monitoring services.

about 3 years ago
TotalEnergies and Eni to embark on hydrocarbon exploration in Mediterranean’s gas-rich waters
Business & Finance

TotalEnergies and Eni to embark on hydrocarbon exploration in Mediterranean’s gas-rich waters

TotalEnergies and Eni are gearing up to launch exploration activities in an offshore block located in the Lebanese waters.

about 3 years ago
Sonatrach and Sinopec seeking new partnership opportunities
Business & Finance

Sonatrach and Sinopec seeking new partnership opportunities

Algerian state energy firm Sonatrach and China’s Sinopec have signed a Memorandum of Understanding (MoU) to consolidate their existing relations and expand cooperation by seeking new partnership opportunities. Guo Yueliang, Chairman of Sinopec International Energy Investment Limited, and Sonatrach’s

about 3 years ago
Hai Yang Shi You 301
Business & Finance

World’s largest LNG bunker vessel is here

Hai Yang Shi You 301, described as the world’s largest LNG bunker vessel, has been officially put into operation by China State Shipbuilding Corporation’s subsidiary Guangzhou Shipbuilding International (GSI) following a conversion project. The official delivery ceremony was held earlier today, Chin

about 3 years ago
Jack-up rig spuds exploration well off Oman
Business & Finance

Jack-up rig spuds exploration well off Oman

In a bid to bolster hydrocarbon production and reserves, Masirah Oil has started drilling an exploration well offshore Oman.

about 3 years ago
Prysmian wins major contract for UAE's interconnection project
Business & Finance

Prysmian wins major contract for landmark Middle East interconnection project

Prysmian Group has won a €60 million contract to lay the submarine cables for the Project Lighting interconnection project in the United Arab Emirates. Prysmian entered into a €220 million limited notice to proceed in January with Samsung C&T, as part of its EPC consortium with Jan De Nul, for the p

about 3 years ago
Wello's Penguin wave energy device (Courtesy of Wello)
Business & Finance

Wello inks deal to deploy 12MW wave energy park in Taiwan

Finnish company Wello has signed a contract with Sin Mao Group to deploy a 12MW wave energy park in Taiwan.

about 3 years ago
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