The preparations for the launch of the offshore Hong Kong LNG terminal have entered its final stage following the completion of checks and clearance procedures for the floating storage and regasification unit (FSRU) which arrived in Hong Kong on 13 April. Power companies CLP Power Hong Kong Limited
Swedish-Israeli wave energy company Eco Wave Power has set out plans to open a subsidiary in the United States, under the name Eco Wave Power US.
Shandong Shipping, the third largest shipowner in China, has made a major investment in newbuild vessels by ordering twelve 82,000 dwt Kamsarmaxes at Jiangsu New Hantong Ship Heavy Industry. The deal marks the largest newbuild order ever made by Shandong Shipping. The company said that it has signed
Oslo-headquartered ocean services provider DeepOcean has reported a revenue increase of 13.4 per cent in 2022 said to be mainly driven by inspection, maintenance and repair (IMR) work in the oil and gas sector. For 2022, DeepOcean reported revenue of $566.1 million, up 13.4 per cent from $499.4 mill
Thirteen Filipino seafarers have made it home after more than five months aboard an abandoned livestock carrier ship, the Yangtze Harmony, following an intervention from the International Transport Workers’ Federation (ITF). The ship’s owners abandoned the vessel and its crew after the ship was ar
An international tender for a pre-feasibility study for the Nordic-Baltic Hydrogen Corridor, a cross-border hydrogen project being developed by six European Union (EU) countries, has been launched. Lithuanian gas transmission system operator (TSOs) Amber Grid launched the tender on behalf of its pro
Hanseatic Energy Hub (HEH) has commissioned a consortium led by Spain-based EPC (engineering, procurement, and construction) specialist Técnicas Reunidas to develop a land-based terminal for liquefied gases in Stade, Germany, subject to HEH’s final investment decision (FID). According to HEH, Técnic
Offshore drilling contractor Valaris has set a carbon emissions reduction target to reduce its Scope 1 emissions by 2030.
Renewable energy company Sun Cable has signed a Letter of Intent (LoI) with an Australian critical minerals company for the potential offtake of renewable electricity from the planned Australia-Asia PowerLink (AAPowerLink) project. Under the one-year non-binding LoI, Sun Cable will progress commerci
UK-based company Global OTEC has secured a certificate of approval for a cold-water riser installation for its first commercial-scale ocean thermal energy conversion (OTEC) platform.
Advanced Navigation has launched what is said to be the largest subsea robotics center in Australia, set to accelerate the production of the company’s underwater technologies. The high-tech manufacturing and R&D center is located on a 5.5-acre site in Balcatta, Western Australia, and includes full t
North American FortisBC Energy and FortisBC have received approval from the British Columbia Utilities Commission to invest more than $155 million into conservation and energy efficiency programmes in 2023. According to FortisBC, the majority of the funds, $141 million, are earmarked to support gas
Following the recent appointment of a new Chief Operating Officer (COO), U.S. oil and gas company Amplify Energy Corp. has named a new Chief Financial Officer (CFO) and Senior Vice President. Amplify Energy announced on 17 April that James (Jim) Frew has joined the company as Senior Vice President a
Global towage operator Svitzer, a part of A.P. Moller-Maersk, has signed a Memorandum of Understanding (MOU) with Houston-based Caterpillar Marine to adopt solutions that enable Svitzer to utilize methanol in their fleet. Under the partnership, the duo plans to work on the installation of dual-fuel
