Japanese heavyweights ITOCHU Corporation, Mitsubishi Heavy Industries, INPEX Corporation and Taisei Corporation have joined hands to conduct a joint feasibility study on a large-scale and wide-area carbon capture and storage (CCS) value chain project. Under the Memorandum of Understanding (MoU), the
Singapore-based shipping company Pacific Carriers Limited (PCL) and compatriot PaxOcean Holdings Pte (PaxOcean) have teamed up with classification society ABS to explore the use of methanol for the PCL’s fleet.
Nippon Steel Corporation, Japan’s steel producer, Mitsubishi Corporation, a global integrated business enterprise that develops and operates businesses, and ExxonMobil Asia Pacific, an energy and petrochemical company, have signed a Memorandum of Understanding (MoU) to jointly study carbon capture a
A deep dive into Woodside’s recent activities related to ongoing projects and financial and operational results for 4Q 2022.
Container shipping giants MSC Mediterranean Shipping Company (MSC) and Maersk A/S, an entity under A.P. Moller – Maersk, have agreed to terminate the 2M alliance, effective in January 2025. 2M is a container shipping line vessel sharing agreement (VSA) signed by the duo in 2015 with the aim of ensur
Singapore-based Pacific International Lines (PIL) has partnered with Lloyd’s Register’s fleet optimisation experts, i4 Insight, to help it reduce emissions and maximise fleet performance with a four-year fleet-wide agreement. PIL recently opened a ‘Centre for Maritime Efficiency (CME) which is power
OEUK has launched a documentary, highlighting the workers, which are spearheading the UK’s energy transition to net-zero.
Germany will join the H2Med, a subsea hydrogen pipeline project being jointly developed by France, Spain and Portugal. The extension of the H2Med pipeline to Germany was revealed in the Franco-German declaration on the occasion of marking the 60th anniversary of the Elysee Treaty on 22 January. Fran
Europe’s imbalanced energy market combined with other factors has generated an “all-time high demand for Norwegian natural gas.”
Norwegian state-owned energy giant Equinor has exercised an option to extend the multi-year 4D framework agreement with PGS, established in March 2021, by two additional years. The framework agreement covers 4D monitoring surveys on the Norwegian and the UK continental shelf. As a part of the agreem
Texas-based Harvest Midstream has made a long-term agreement with Alaska-based Interior Gas Utility (IGU) to construct a natural gas treating, liquefaction, and truck-loading facility in Alaska. According to Harvest, pending regulatory approvals, construction of the facility is expected to begin in
Abu Dhabi Chemicals Derivatives Company (TA’ZIZ) has teamed up with global methanol producer Proman AG to develop the United Arab Emirates’ (UAE) first world-scale methanol production facility. The parties have signed a shareholders agreement to develop the facility with an anticipated annual capaci
Eni and Algeria’s Sonatrach have inked strategic agreements to accelerate the reduction of emissions and strengthen energy security.
Swedish marine energy company Minesto and Faroese utility company SEV have renewed and expanded the collaboration agreement related to tidal energy buildout in the Faroe Islands.
