Norwegian shipping company Solstad Offshore has agreed to sell its platform supply vessel (PSV) fleet to U.S. offshore vessel operator Tidewater for a total cash consideration of approximately $577 million, marking an exit from the PSV segment. The PSV fleet consists of 37 vessels, all of which are
Chinese shipbuilder Shanghai Waigaoqiao Shipbuilding has delivered a 190,000 dwt dual-fuel bulk carrier Ubuntu Unity to its owner Clouds Marine SA, based in the Marshall Islands. The LNG-powered Capesize bulk is intended for Greek-based Maran Dry Management, according to the data from VesselsValue a
Malaysian energy company Petronas and Japan Organisation for Metals and Energy Security (JOGMEC) have signed a Memorandum of Understanding (MoU) to cooperate in energy transition initiatives towards achieving respective energy transition and decarbonisation targets. According to Petronas, the initia
A carbon capture and sequestration (CCS) project located along the Texas Gulf Coast, has expanded its carbon dioxide (CO2) storage footprint.
Amogy Inc., a Brooklyn-based developer of energy-dense ammonia power solutions, is making waves in the maritime industry with its ammonia-to-power system which has a massive potential to decarbonize shipping operations. The company just revealed its project which involves retrofitting a 1957-built t
The saga surrounding the development of a controversial Bay du Nord offshore oil project located in Canada continues with a court challenge.
The Spanish, French and Portuguese transmission system operators (TSOs) have signed an agreement to boost the transformation of the gas grid into a hydrogen grid. Namely, Spanish Enagás, Portuguese REN and French GRTgaz and Teréga are leading the initiative called Green2TSO which aims to transform t
Brooklyn-based technology startup Amogy Inc. is retrofitting a tugboat to run on its ammonia-to-power system and is planning to present the vessel in late 2023. Namely, Amogy intends to sail the tugboat later in 2023 in upstate New York, pending further safety testing and regulatory discussions. The
The Netherlands Enterprise Agency (RVO) and the Dutch Ministry of Economic Affairs and Climate Policy (EZK) have awarded VoltH2 a substantial operating subsidy for the Stimulation of Sustainable Energy Production and Climate Transition (SDE++) to support the production of green hydrogen. SDE++ is th
Oslo-listed Hunter Group ASA and DNV classification society have entered into a joint cooperation agreement for the development of a low-pressure mid-stream shipping solution for Carbon Capture and Storage. The parties have agreed to work together to develop a 40-70K cbm liquified CO2 carrier with 2
Italy’s cabling giant Prysmian has secured a €120 million loan from Italian investment bank Cassa Depositi e Prestiti (CDP) which will be invested in R&D for network upgrading purposes. The loan will be used to support R&D plans focused on the implementation of innovative technologies and contribute
Dutch bulk liquid storage company Vesta Terminals has awarded a scoping & feasibility study and a subsequent front-end engineering design (FEED) contract to compatriot ammonia engineering firm Proton Ventures for repurposing of two 30,000 m3 ammonia tanks in Vlissingen. The contract is a part of Ves
The Norwegian Ministry of Petroleum and Energy has received applications from five companies seeking permits related to the injection and storage of CO2 on the Norwegian continental shelf (NCS). The area is located in the North Sea and was announced on 11 January in accordance with the storage regul
The toxicity of ammonia as potential zero-emission fuel of the future for the shipping industry might be solvable after all despite all the hype over its likely impact on the safety of seafarers. There have been a lot of discussions about the dangers of potential releases of ammonia on board during
