9041 results found for 'race bank'

9041 results found for 'race bank'
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  • US order sets date for Chevron to grind oil exports from Venezuela to a halt

    5 March 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation

    Chevron has been given a 30-day deadline to bring a wind-down of its crude oil production and exports in Venezuela to an end, as its previous license has been revoked by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

  • MOL signs its 1st book and claim service contract to help decarbonize shipping

    5 February 2025
    Collaboration, Infrastructure, Outlook & Strategy, Vessels

    Japanese shipping major Mitsui O.S.K. Lines (MOL) has signed a memorandum of understanding (MoU) with compatriot car exporter Be Forward for pure car carrier book and claim service for used car transport to Africa.

  • Jaxport nears halfway mark in $60M berth enhancement project

    14 February 2025
    Infrastructure, Ports & Logistics

    Contractors for Florida’s largest container port Jacksonville Port Authority (Jaxport) have wrapped up a year-long multi-million dollar construction project to expand the vehicle Berth 22 at the Blount Island Marine Terminal. According to Jaxport, the berth is the first of two projects in a $60 million initiative to ‘enhance’ efficiencies and enable the berth to […]

  • Industrial power map shifts as clean energy soars in sunbelt nations

    19 June 2025
    Authorities & Government, Market Outlooks, Outlook & Strategy, Transition

    Although China, the United States (US) and the European Union (EU) remain frontrunners in clean industry development, a bloc of emerging markets spanning Africa, Asia and South America is quickly catching up, showing the potential to overthrow the ‘longstanding dominance’ of these leading economies. According to the newly released “Clean Industry: Transformational Trends” report by […]

  • Echandia reveals $20.6M funding to scale up sustainable operations

    3 March 2025
    Business & Finance, Business Developments & Projects

    Swedish maritime battery system supplier Echandia has closed a new funding round at SEK 220 million (around $20.6 million), through which it expects to ‘strengthen’ its efforts in keeping pace with the global demand for sustainable maritime solutions. As disclosed, the funding round will support Echandia’s efforts to scale up its operations in order to […]

  • US player keeps its eyes on expansion plans as clean energy underinvestment makes room for more LNG

    4 March 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Environment, Exploration & Production, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition

    Given the worldwide spike in total demand for natural gas, Houston-headquartered NextDecade is contemplating further capacity expansion of its liquefied natural gas (LNG) export terminal at the Port of Brownsville, Texas.

  • MPC Capital presses forward with energy transition ambitions via new acquisition

    11 February 2025
    Business & Finance, Business Developments & Projects

    Hamburg-based asset and investment manager MPC Capital has acquired a 50% stake in the compatriot performance management firm BestShip from Norway’s maritime group Wilhelmsen, a move expected to help the company ‘reinforce’ its position in energy transition-related activities. As disclosed, BestShip offers a fully digitized AI-backed platform that provides assessments regarding energy efficiency and emission […]

  • China building 62% of new ships ordered globally in spite of looming US tariffs

    12 March 2025
    Authorities & Government, Infrastructure, Market Outlooks, Outlook & Strategy, Regulation & Policy, Vessels

    China has cemented its position as the world’s top shipbuilding nation as it secured orders for 3,454 out of a total of 5,735 vessels in the current global orderbook.

  • BP boosts gas production from Mediterranean Sea as it fires up next chapter of giant project

    17 February 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    BP has brought online the second development phase of a field at the West Nile Delta (WND) concession in the Mediterranean within the Egyptian Exclusive Economic Zone (EEZ).

  • French tidal energy project secures €31.3M EU Innovation Fund grant

    13 March 2025
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development, Technology, Vision

    Tidal energy developer Normandie Hydroliennes’ NH1 tidal energy project has been awarded €31.3 million in funding from the European Union’s 2023 Innovation Fund.  According to Normandie Hydroliennes, the grant will accelerate the deployment of one of France’s first commercial-scale tidal energy pilot projects, advancing marine renewables in the country. The project will install four Proteus […]

  • Norway sees uptick in electric propulsion market activity

    30 April 2025
    Business & Finance, Business Developments & Projects, Collaboration

    Frydenbø Maritime Industries, a Norwegian company specializing in maritime and land-based industrial solutions, is set to acquire compatriot marine electric propulsion systems provider Elmarin. As informed, the transaction is anticipated to clear the path for the organization’s growth targets, one of which is to provide a ‘broader’ range of “IMO-approved, low-emission” technologies and options involving […]

  • Wah Kwong and CIMC ENRIC forge renewable fuel partnership

    4 March 2025
    Business Developments & Projects, Collaboration, Green Marine, Outlook & Strategy, Project & Tenders, Research & Development

    Hong Kong-based shipowner Wah Kwong has formed a strategic partnership with clean energy equipment and services provider CIMC ENRIC to work on joint renewable fuels projects.

  • Klaveness unifies digital services to enhance maritime technology integration

    27 March 2025
    Business Developments & Projects, IT & Software

    Norwegian shipping company Torvald Klaveness has decided to consolidate all digital services with the purpose of focusing on the creation of ‘smarter’ and ‘more’ efficient digital solutions for the maritime industry. As disclosed, the digital offerings are set to be merged under Klaveness Digital, which, under the vision of its new Managing Director Ingrid Kylstad, […]

  • Seaturns to deploy full-scale wave energy device at offshore test site in 2025

    11 June 2025
    Business Developments & Projects, Equipment, Project & Tenders, Technology

    French wave energy developer Seaturns has signed an agreement with the OPEN-C Foundation to deploy a full-scale wave energy demonstrator at the SEM-REV offshore test site near Le Croisic, with installation scheduled for summer 2025. According to Seaturns, the move follows the completion of reduced-scale (1:4) tests, conducted between October 2023 and February 2025 at […]

  • Field development update boosts Rex’s reserves estimate off Oman

    23 June 2025
    Business Developments & Projects

    Singapore’s Rex International Holding Limited has disclosed the results of an updated independent qualified person’s report (QPR) for its field offshore Oman.

  • ExxonMobil to supply Asian markets with Canadian LNG

    11 March 2025
    Business Developments & Projects, Project & Tenders

    Canadian natural gas producer ARC Resources has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with ExxonMobil LNG Asia Pacific (EMLAP), an affiliate of the U.S. energy giant ExxonMobil. The LNG will come from a floating liquefied natural gas (FLNG) project under development in Kitimat, Canada’s British Columbia.

  • BYD: One LNG-powered RoRo newbuild launches, another sets on maiden voyage

    4 April 2025
    Infrastructure, Vessels

    Accelerating its push for global expansion, China’s plug-in hybrid electric vehicle manufacturer BYD has launched its latest roll-on/roll-off (RoRo) car carrier, BYD Xi’an.

  • Global ship recycling rules go live with Hong Kong Convention

    26 June 2025
    Environment, Regulation & Policy, Rules & Regulation, Safety

    As of today, June 26, the Hong Kong International Convention for the safe and environmentally sound recycling of ships (HKC) officially enters into force. It marks a long-awaited turning point in how the world dismantles and recycles end-of-life vessels. Over two decades in the making, the convention—for which full compliance is not obligatory before 2030—sets […]

  • 2024 energy plays in review: Uptick in renewables and clean tech, but oil & gas still hold energy security keys

    1 January 2025
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Regulation & Policy, Transition

    As another turbulent year for the energy markets, 2024 witnessed a further escalation in geopolitical tensions and conflicts, leading to a mixed bag of achievements, missed opportunities, and rough energy seas not only for the goal of tripling clean sources of supply but also for dominant fossil fuels, which showed their resilience in the face of multiple legal challenges aiming to shut oil, gas, and liquified natural gas (LNG) down.

  • American Energy ready to fortify Puerto Rico’s security of supply with LNG cargos

    18 March 2025
    Business & Finance, Business Developments & Projects, Exploration & Production, Vessels

    Crowley has joined forces with Naturgy, enabling it to send what it describes as the first U.S. LNG carrier (LNGC) to Puerto Rico, bolstering the North American country’s energy security amid growing power demand.

  • Panama tightens grip on STS oil transfers in crackdown on Russia’s ‘shadow fleet’

    26 May 2025
    Authorities & Government, Regulation & Policy, Rules & Regulation, Vessels

    The Panama Maritime Authority (PMA) has decided to strengthen the ship-to-ship (STS) oil transfer operation requirements for tankers flying the country’s flag to “shut the door” to Russia’s so-called shadow fleet. As disclosed, the decision was made to address two vital issues at once: the operations of Russia’s dark fleet and the need to ‘bolster’ […]

  • Canada’s stalled $12-billion oil project takes step forward with new FPSO awards

    23 January 2025
    Business & Finance, Business Developments & Projects, Project & Tenders

    Equinor has started the ball rolling to develop its controversial Bay du Nord oil project off the coast of Newfoundland and Labrador by awarding preliminary front-end engineering design (pre-FEED) work to BW Offshore and Altera Infrastructure.

  • German shipowners: National interests should not hamper free global trade flows

    13 March 2025
    Authorities & Government, Market Outlooks, Outlook & Strategy, Regulation & Policy

    Increasing protectionist tendencies in global trade policy present challenges for German shipping, according to the German Shipowners’ Association (VDR) which warned that national interests must not come at the expense of free global trade flows.

  • Investment and infrastructure gaps threaten EU’s shipping decarbonization ambition

    20 February 2025
    Outlook & Strategy, Transition

    For Europe to meet its decarbonization objectives, a ‘robust’ supply chain for renewable and low-carbon fuels must be built on the continent, Clean Maritime Fuels Platform, an industry initiative that aims to improve communication between the shipping sector and fuel producers, has shared. As explained, smooth access to sustainable marine fuels is a top priority […]

  • Retrofit methanol storage solution from SRC Group wins RINA’s nod of approval

    28 March 2025
    Certification & Classification, Regulation & Policy, Storage, Technology

    UK-based marine and offshore solutions provider SRC Group’s retrofit methanol storage technology has received the go-ahead via an approval in principle (AiP) from Italy-based classification society RINA. As disclosed, the approval in principle took account of the International Maritime Organization’s (IMO) interim safety guidelines as well as amendments to the International Code of Safety for […]