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Business & Finance

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Illustration; Courtesy of Petronet LNG
Business & Finance

ONGC and Petronet fortfying India’s LNG value chain

India’s state-owned energy giant Oil and Natural Gas Limited (ONGC) has pooled resources with Petronet LNG Limited (PLL) to strengthen the country’s liquefied natural gas (LNG) value chain.

about 6 months ago
K Line
Business & Finance

Trio shakes hands on LNG vessel South Korea’s shipbuilding giant is bringing to life

Japan’s shipping player Kawasaki Kisen Kaisha (K Line) has made arrangements with Gail, India’s largest state-owned natural gas company, and J M Baxi Group (J M Baxi), its business partner in India, regarding ownership of a liquefied natural gas (LNG) carrier (LNGC), currently under construction.

about 6 months ago
Scottish wave energy firm to launch demo projects in Taiwan and Guam
Business & Finance

Scottish wave energy firm to launch demo projects in Taiwan and Guam

Scotland-based marine energy company ZOEX Power has secured the first-ever sale of its wave energy prototype device, after completing real-world sea trials on the Turkish Black Sea coast. The purchase order was secured from a fully owned subsidiary of Türkiye’s Ordu municipality, named Oren Ordu Ene

about 6 months ago
Meeting between Karim Badawi, Minister of Petroleum and Mineral Resources, and delegation from Technip Energies, Enppi, and Petrojet; Source: Ministry of Petroleum and Mineral Resources - Egypt
Business & Finance

Technip Energies and two Egyptian firms laying the groundwork to set up new player

Technip Energies has engaged in talks with Egypt’s government to establish a new company with two Egyptian firms, Enppi and Petrojet, to execute major projects and export engineering and contracting services.

about 6 months ago
The shipbuilding contract signing ceremony; Source: MOL
Business & Finance

MOL-ONGC deal puts Samsung Heavy Industries on very large ethane carrier pair construction duty

Japan’s shipping giant Mitsui O.S.K. Lines (MOL) has struck a charter deal with India’s state-owned Oil and Natural Gas Company (ONGC), which enables South Korea’s Samsung Heavy Industries (SHI) to build two very large ethane carriers (VLECs).

about 6 months ago
Tripartite collab to develop 1 MW ammonia-to-power system for low- and zero-carbon vessels
Business & Finance

Tripartite collab to develop 1 MW ammonia-to-power system for low- and zero-carbon vessels

A tripartite collaboration has been launched to develop and commercialize a 1 MW-class ammonia-to-power system for vessels, designed to replace conventional marine diesel generators as it converts ammonia into hydrogen, which powers proton exchange membrane fuel cells (PEMFCs) to produce electricity

about 6 months ago
Gail Bhuwan LNG carrier; Source: MOL
Business & Finance

Japanese shipping giant and India’s gas player seal LNG vessel deal

LNG Japonica Shipping Corporation, a joint venture between Japan’s shipping giant Mitsui O.S.K. Lines (MOL) (74%) and India’s state-owned energy firm Gail (26%), has struck a long-term charter deal for a liquefied natural gas (LNG) carrier (LNGC) with Gail, which is primarily focused on natural gas.

about 6 months ago
FPSO Fast4Ward design; Source: SBM Offshore
Business & Finance

Exclusive interview with SBM Offshore: South America anchors business growth, as West Africa emerges on FPSO horizon

SBM Offshore is keeping Brazil and Guyana as the core hub of its FPSO activity, while eyeing new opportunities in West Africa.

about 6 months ago
EIB to help Minesto strengthen investment case for 10 MW tidal energy project
Business & Finance

EIB to help Minesto strengthen investment case for 10 MW tidal energy project

The European Investment Bank (EIB) has selected Swedish tidal energy developer Minesto for in-depth investment advisory support focused on increasing the financial attractiveness and overall quality of the investment offer for a 10 MW tidal energy array as part of a larger build-out in a selected EU

about 6 months ago
Finland-bound multi-fuel open deck carrier to be built in China
Business & Finance

Finland-bound multi-fuel open deck carrier to be built in China

Finnish shipping company Meriaura has placed an order with a Chinese shipyard for a next-generation open deck carrier which will sport advanced multi-fuel engines designed for easy upgrades to operate on future low or zero-carbon fuels. The shipbuilding contract for the 6800 DWT open deck carrier wa

about 6 months ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business & Finance

ADNOC’s XRG steps up its US LNG game with additional stake in Texas’ $31.8 billion project

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which entails Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has augmented its interest in a liquefied natural gas (LNG) export project in Texas, United States (U.S.).

about 6 months ago
Clean energy security pact formed to explore CCS shipping corridors in North Sea
Business & Finance

Clean energy security pact formed to explore CCS shipping corridors in North Sea

Four European port and infrastructure players have partnered up to study the potential of carbon capture and storage (CCS) shipping corridors between Northern Europe and the UK, as well as share experience and understanding for the “new but crucial energy transition area”. Two memorandums of underst

about 6 months ago
PSV Energy Empress; Source: Golden Energy Offshore Services (GEOS)
Business & Finance

Norwegian shipowner bids farewell to two vessels

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has struck deals to divest two platform supply vessels (PSVs) from its fleet.

about 6 months ago
Dutch chemical tanker operator orders wind-assisted propulsion for two more vessels
Business & Finance

Dutch chemical tanker operator orders wind-assisted propulsion for two more vessels

Following the commissioning of the “world’s first” chemical tanker equipped with sails in 2024, Dutch chemical tanker operator Chemship has placed a new order with compatriot wind propulsion firm Econowind for the installation of wind-assisted ship propulsion technology on two additional vessels. Th

about 6 months ago
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