Search results for: hai long 2

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  • Australian electrolyzer firm raises $111 million in Series B investment round led by BP

    9 May 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Technology

    In what has been described as the largest Series B investment round in Australian clean tech history, electrolyzer company Hysata has raised $111 million led by BP Ventures and Templewater.

  • Victor emerges in court battle over development of giant gas project off Australia

    15 January 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Project & Tenders, Regulation & Policy

    Santos has won a court case, which enables it to continue with its planned work on the Barossa gas field development project offshore Australia. 

  • BP and ADNOC build on more than 50 years of collaboration with new gas-focused joint venture

    15 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Exploration & Production

    BP and ADNOC have decided to establish a new joint venture (JV), which will initially focus on the development of gas assets in Egypt.

  • ADNOC buys OCI’s stake in world’s largest seaborne exporter of ammonia

    19 December 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    Abu Dhabi National Oil Company (ADNOC) and OCI Global have entered into a sale and purchase agreement for ADNOC to acquire OCI’s entire majority shareholding in Fertiglobe, the world’s largest seaborne exporter of urea and ammonia. Headquartered in Abu Dhabi, Fertiglobe was formed as a strategic partnership between OCI and ADNOC in September 2019, with […]

  • Asso.subsea completes cable work at Croatian interconnector (Gallery)

    2 April 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Transition

    Asso.subsea has completed the installation of approximately 30 kilometers of cables for the Adriatic Sea Islands Interconnection in Croatia, reaching depths of 70 meters. Asso.subsea transported and installed four distinct 110 kV cable systems, with the northern part connecting the landing sites Mali Bok – Merag and Osor bay on the islands of Krk, Cres, […]

  • After delivering converted FPSO to MODEC, Seatrium gets its hands on refinancing of over $303 million

    29 December 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Seatrium has secured early refinancing of S$400 million (more than $303.13 million) from DBS Bank Limited with an option to convert to a sustainability-linked loan.

  • BW Energy pens $150 million deal for production facility working offshore Gabon

    30 April 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    BW Energy has inked a sale and lease back agreement with Minsheng Financial Leasing Co (MSFL) for an offshore production facility.

  • Clarksons: 2023 a positive year for shipping as China delivers 50% of shipbuilding output

    5 January 2024
    Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Transition, Vessels

    Seaborne trade has witnessed a notable uptick in 2023, registering a 3% increase to a $12.4 billion, according to data from Clarksons Research. The global maritime landscape further unveils a 3% growth in the world fleet, reaching an 2.3 billion deadweight tons (dwt). Despite this expansion, the newbuilding orderbook demonstrates a measured 3% year-on-year increase, […]

  • Northern Lights, Yara seal binding CO2 transport and storage deal

    20 November 2023
    Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Transition

    Norwegian-based ammonia player Yara International has signed a binding commercial agreement with Northern Lights, a CO2 transport and storage supplying JV created by energy majors Shell, Equinor, and TotalEnergies, which is expected to pave the way for the world’s first cross-border transportation and storage of CO2. The signing of the binding contract comes on the back of […]

  • BP and Eni’s Angolan JV makes its first foray into Namibia’s ‘highly prospective’ Orange Basin

    6 May 2024
    Business & Finance, Business Developments & Projects, Exploration & Production

    Azule Energy a joint venture between BP and Eni, has struck its first international deal since its creation in 2022 to enter Namibia.

  • Increased charter rates and OSV demand lift Siem Offshore up

    27 February 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Vessels

    Siem Offshore has reported operating revenues of $336 million for the fiscal year 2023, an increase from $274.3 million in 2022, and $85.2 million for Q4 2023, compared to $64.3 million in Q4 2022, said to be caused by an uplift in charter rates, generated by increased demand for offshore support vessels (OSVs) and in […]

  • Archer secures $20 million platform drilling contract in Brazil

    14 March 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Archer has won a contract for comprehensive platform drilling services in Brazil with Trident Energy.

  • NS United orders methanol-fueled bulk carrier in Japan

    14 May 2024
    Vessels

    Japanese shipping company NS United Kaiun Kaisha (NS United) has signed a Memorandum of Understanding (MoU) with compatriot companies Nippon Shipyard (NSY), Imabari Shipbuilding, and Japan Marine United Corporation for the construction of a methanol-powered bulk carrier.

  • CMA CGM links up with US sportswear giant Nike to use sustainable biofuel

    5 March 2024
    Collaboration, Research & Development

    French shipping major CMA CGM has entered into an agreement with American athletic footwear and apparel corporation Nike to purchase sustainable biofuel for a part of their maritime transport. 

  • COSCO Shipping Energy picks methanol for six new tankers

    3 January 2024
    Business Developments & Projects

    Shanghai-listed China COSCO Shipping Energy Transportation has finalized strategic shipbuilding contracts for six new tankers worth a total of $449 million ( approximately RMB 2.9 billion). Hainan COSCO Shipping Energy, the company’s subsidiary, signed contracts with Yangzhou COSCO Shipping Heavy Industry for the construction of three 114,200 dwt Aframax-type crude oil tankers, totaling $289 million. […]

  • Oceaneering on track with full-year 2024 expectations

    15 May 2024
    Business & Finance, Business Developments & Projects, Equipment, Outlook & Strategy, Project & Tenders, Vessels

    Texas-headquartered Oceaneering International has reported an operating income of $44.2 million for its Subsea Robotics division in the first three months of 2024, a 31% increase compared to the first quarter of 2023. In Q1 2024, Oceaneering reported a net income of $15.1 million on revenue of $599 million, while adjusted net income was $13.9 […]

  • Five EU countries strengthen carbon capture and storage bonds with new declaration, paving the way for Europe’s CCUS market

    28 November 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    Five countries have taken steps to build closer cooperation within the European Union on carbon capture and storage by signing a declaration.

  • Hamburg first European port to offer shore power for container and cruise ships

    14 May 2024
    Business Developments & Projects, Infrastructure, Ports & Logistics

    The Port of Hamburg has become the first port in Europe to offer shore power for both container and cruise vessels.

  • API: America’s energy plan needs to rest on three ‘core’ pillars

    11 January 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    API has highlighted three main aspects of a long-term energy plan for the U.S. to ensure its ability to keep the lights on.

  • VARD to deliver ‘highly customized’ hybrid cable lay & construction vessel to Japan

    11 December 2023
    Business & Finance, Business Developments & Projects, Environment, Green Marine, Innovation, Outlook & Strategy, Project & Tenders, Transition, Vessels, Vision

    Norway’s VARD has secured a contract worth over $200 million to deliver a highly customized hybrid power cable lay and construction vessel to what it says is a leading Japanese construction company. The contract was signed with Toyo Construction, a Japanese general construction company that operates civil and architecture construction businesses domestically and internationally, and […]

  • After a year of active tendering, Subsea7’s backlog hits year-end level last seen in 2013

    29 February 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Transition, Vessels, Vision

    After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the prior year, said to be […]

  • Provaris and GES agree to develop new hydrogen import facility in Rotterdam port

    9 April 2024
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Project & Tenders, Storage

    Provaris Energy and Global Energy Storage (GES) will develop a new gaseous hydrogen import facility at the GES terminal in the Rotterdam port.

  • Events in the subsea sector that marked 2023

    2 January 2024
    Business Developments & Projects, Infrastructure, Project & Tenders, Safety

    As we gradually shift our focus on the new year and on what lies ahead in the offshore energy industry in 2024, let’s give a last look to 2023 to pay tribute to this very eventful year. Unfortunately, the year was marked with a number of dark events, with the Balticconnector offshore gas pipeline incident […]

  • US firm taking over Brazil’s only FPSO operator, thanks to $390 million deal for Ocyan

    29 December 2023
    Business & Finance, Business Developments & Projects

    EIG is in the process of acquiring Ocyan Participações, a Brazilian-based solutions provider to the offshore oil and gas industry.

  • Electric hybrid vessel Electramar joins ESL’s AtoB@C Shipping

    15 December 2023
    Business Developments & Projects, Infrastructure, Vessels

    AtoB@C Shipping, a Swedish subsidiary of Finland-based shipping company  ESL Shipping, has taken delivery of Electramar, the first vessel in the series of twelve energy-efficient plug-in hybrid vessels.