Search results for: hai long 2

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  • CMB breaks deadlock as Frontline sails away with $2.35 billion VLCC bounty in Euronav deal

    9 October 2023
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    After months of tense negotiations and legal disputes, Compagnie Maritime Belge (CMB) has announced a breakthrough agreement with Frontline and its affiliated company Famatown Finance Limited that paves the way for resolving the ongoing deadlock within Belgian tanker major Euronav. CMB, along with its affiliates, currently holds a 22.93% stake in Euronav, while Frontline and […]

  • WoodMac: Swift action needed to ratchet up carbon capture and reach net-zero by 2050

    13 October 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    Wood Mackenzie believes that emerging sectors will not be able to usher in a net-zero by 2050 era without CCUS.

  • GAZ-SYSTEM’s binding open season for Gdańsk FSRU 2 reaches new stage

    3 October 2023
    Business Developments & Projects, Market Outlooks, Outlook & Strategy, Research & Development

    Poland’s natural gas transmission system operator GAZ-SYSTEM has completed the process of registration of entities interested in participating in the binding open season procedure for Gdańsk FSRU 2. The operator requested the participants registered in the procedure to submit their binding offers together with requisite attachments by October 27, 2023, 5 p.m. (CEST), noting that […]

  • APMT, DP World: Port electrification is the fastest lane to impact. Hydrogen solutions an outlier, not the norm.

    26 October 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Ports & Logistics, Research & Development, Technology, Transition

    In the maritime sector, the quest for cleaner, more efficient practices has given rise to the electrification of ports and container handling equipment. Why, you might ask? The answer is clear, for electrification offers a trifecta of advantages that places it at the forefront of a green revolution: scalability, environmental responsibility, and substantial cost savings. […]

  • ‘Collaborate with non-obvious partners’ – Offshore energy industry talks innovation and speeding things up 

    30 November 2023
    Business & Finance, Business Developments & Projects, Collaboration, Environment, Infrastructure, Innovation, Operations & Maintenance, Outlook & Strategy, Ports & Logistics, Project & Tenders, Research & Development, Transition

    The offshore wind industry, now the linchpin between several offshore energy industries, is calling for both innovation and accelerating deployment, while also making sure one does not impede the progress of the other.   In this article:   During the ‘Renewable energy: Innovate or accelerate?’ conference session at the Offshore Energy Exhibition & Conference 2023 (OEEC 2023), […]

  • Public consultation dates set for second Italy-Greece interconnector

    11 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Vision

    Italian transmission system operator (TSO) Terna has scheduled public consultations in seven municipalities that will be affected by the construction of an interconnector that will be built between Italy and Greece. Terna is expected to invest €750 million in the GR.ITA 2 interconnector which will include two 250-kilometer submarine cables with up to 1,000 MW of power […]

  • DFDS to deploy battery-powered fleet on the English Channel by 2030

    16 October 2023
    Authorities & Government, Business Developments & Projects, Green Marine, Outlook & Strategy, Regulation & Policy, Transition, Vessels, Vision

    Danish ferry and logistics company DFDS is planning to deploy a fleet of battery-powered vessels in the Eastern Channel by 2030. The decision was revealed on the heels of a recent meeting between the French Minister for Foreign Trade, Attractiveness and French Nationals Abroad, Olivier Becht and CEO of DFDS, Torben Carlsen where they discussed the urgent […]

  • Greece’s Spring Marine picks SulNOx tech to cut CO2 emissions

    10 October 2023
    Business Developments & Projects, Equipment

    Greek shipowner Spring Marine has selected UK tech provider SulNOx to supply its products to cut fuel consumption and carbon emissions.

  • ‘Largest’ oil export project in US waters greenlighted: Smooth sailing or more legal action on the horizon?

    26 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Ports & Logistics, Regulation & Policy, Rules & Regulation, Transition

    A deepwater port license has been issued for a project that is said to be the largest oil export project in U.S. history.

  • Decision time for oil & gas industry: Embrace green energy shift or keep fueling climate crisis

    24 November 2023
    Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Exploration & Production, Market Outlooks, Project & Tenders, Transition

    The International Energy Agency (IEA): The time has come for the oil and gas industry to take a firm stand during the transition era.

  • DeepOcean and Aker BP make ‘pioneer’ USV agreement

    10 October 2023
    Business & Finance, Business Developments & Projects, Collaboration, Equipment, Innovation, Outlook & Strategy, Project & Tenders, Technology

    Norwegian subsea services provider DeepOcean and oil and gas player Aker BP have entered into an agreement to “pioneer” the use of an unmanned surface vessel (USV) for subsea inspection, maintenance and repair (IMR) and survey work. According to DeepOcean, the USV solution can reduce CO2 emissions with more than 90% compared to a conventional vessel when […]

  • ClassNK: 80 million gt of zero-emission ships needed annually by 2040 to meet IMO targets

    17 October 2023
    Authorities & Government, Business Developments & Projects, Certification & Classification, Green Marine, Market Outlooks, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The maritime industry must build 80 million gross tonnage (gt) of zero-emission ships each year over the 14-year period from 2027 to 2040 to achieve the indicative checkpoints for 2030 and 2040 developed by the International Maritime Organization (IMO) in its 2023 Greenhouse Gas (GHG) Strategy, according to the estimates from the Japanese classification society […]

  • Hutchison Ports YANTIAN kicks off 1st green shipment for ZTE

    29 September 2023
    Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Outlook & Strategy, Ports & Logistics, Transition, Vessels

    Hutchison Ports YANTIAN hosted a ceremony on Thursday, September 28, for the inaugural green marine shipment for ZTE Corporation. The cargo, transported via rail from Changsha, Hunan province, has now been loaded onto Hapag-Lloyd’s 24,000-TEU dual-fuel vessel Berlin Express en route to the Port of Rotterdam in the Netherlands. Berlin Express, like its sister vessel […]

  • Shell’s New Frontier 2 debuts LNG bunkering in Jamaica

    3 October 2023
    Vessels

    Shell’s liquefied natural gas (LNG) bunker vessel New Frontier 2 has completed its inaugural bunker operation at the Port of Jamaica.

  • Net-zero by 2050 ambition at risk: In with renewables and out with fossil fuels ‘far from fast enough,’ warns DNV

    11 October 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Transition

    DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.

  • All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation

    3 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition

    Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.

  • The ‘carrot’ needs to be more ‘attractive’ to accelerate energy transition

    12 October 2023
    Business Developments & Projects, Research & Development

    The conversation surrounding the global energy transition is at a pivotal juncture, with a clear need to expedite the process. The process centers on the delicate balance between the “carrot” and “stick” principle – incentivizing green energy investments while making fossil fuels less attractive through higher costs. That being said this year experienced record emissions […]

  • Europe’s 1st all-electric tug on the horizon as part of Port of Antwerp-Bruges tug renewal deal with Damen

    11 October 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Ports & Logistics, Transition, Vessels

    The Port of Antwerp-Bruges has placed an order for six new tugs with Dutch shipbuilder Damen as part of the company’s ongoing fleet renewal. The series includes five diesel-powered RSD Tugs 2513, equipped with Damen Marine NOx Reduction System, and one electric tug, which has been described as Europe’s very first all-electric tug, the RSD-E […]

  • With $64.5 billion merger in the works, ExxonMobil set on reinforcing US energy security and curbing emissions

    12 October 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    ExxonMobil is in the process of acquiring Pioneer Natural Resources in an all-stock transaction, which will expand its U.S. footprint.

  • Construction begins on first subsea interconnector between Spain and France

    6 October 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition, Vision

    Spanish transmission system operator (TSO) Red Eléctrica is about to begin the construction of the first submarine interconnector between Spain and France. The Biscay Gulf interconnector will comprise two high-voltage direct current (HVDC) links, each with a capacity of 1,000 MW, linking Gatika in Spain and Cubnezais in France via a 300-kilometer-long offshore cable. The electricity link […]

  • TGE Marine to provide cargo handling system for Northern Lights’ LCO2 carrier

    4 October 2023
    Business Developments & Projects, Equipment, Project & Tenders, Vessels

    German equipment provider TGE Marine has received a contract from the Chinese shipyard Dalian Shipbuilding Industry Offshore Co. (DSOC) for the design and supply of a cargo handling system for Northern Lights’ LCO2 Carrier.

  • Allseas wins pipelay contract for BP’s ‘biggest project’

    5 October 2023
    Business & Finance, Business Developments & Projects, Infrastructure, Project & Tenders

    UK energy giant BP has awarded Allseas with a contract to perform the subsea pipelay scope for the Greater Tortue Ahmeyim (GTA) natural gas project offshore Mauritania and Senegal. The contract includes the installation of circa 75 kilometers outstanding on the two 16-inch export pipelines with field termination assemblies (FTAs) in water depths of between […]

  • Greek TSO takes over the baton for EuroAsia Interconnector

    11 October 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Regulation & Policy, Vision

    EuroAsia Interconnector Limited, project promoter of the European Project of Common Interest (PCI 3.10), and Greek electricity grid operator Independent Power Transmission Operator (IPTO) have reached an agreement for the designation of IPTO as project promoter of the electricity interconnector that will link Greece, Cyprus and Israel. The assumption by IPTO of the role of […]

  • U.S. player’s new oil discovery in Gulf of Mexico comes to light

    11 October 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    U.S.-headquartered oil and gas exploration and production company Kosmos Energy has made a new oil discovery in the U.S. Gulf of Mexico.

  • First gas flows from subsea tie-back offshore Norway

    4 October 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    OKEA has brought on stream its first operated development project as a subsea tie-back to an existing platform in the Norwegian Sea.