Search results for: hai long 2

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  • With hydrocarbons present, results of North Sea well found to be ‘encouraging’

    27 July 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Ithaca Energy has revealed more information about the results of its exploration drilling at the K2 prospect, located in the North Sea.

  • NYK’s tug conducts final LNG bunkering before conversion to ammonia propulsion

    26 July 2023
    Business Developments & Projects, Vessels

    On 25 July, tugboat Sakigake, operated in Tokyo Bay by the NYK Group’s Shin-Nippon Kaiyosha, conducted its last bunkering at Yokohama Shinko pier as a vessel fueled by liquefied natural gas (LNG). 

  • Procopiou’s Sea Traders signs up for 10 bulk carriers at Hengli Shipbuilding

    12 July 2023
    Business Developments & Projects, Vessels

    Sea Traders, owned by major Greek shipowner George Procopiou, has placed an order for ten Kamsarmax bulk carriers at Hengli Shipbuilding (Dalian) Co., a subsidiary of Hengli Heavy Industry Group.

  • Maersk’s Svitzer to fuel five tugs with low-carbon HVO

    10 July 2023
    Business Developments & Projects, Project & Tenders

    Towage provider and part of A.P. Moller-Maersk Svitzer has announced an EcoTow agreement to fuel a fleet of five tugs dedicated to the South Hook LNG Terminal in Milford Haven, with hydrogenated vegetable oil (HVO).

  • Wind-installed vessels set to surpass 40+ target by year-end

    3 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Green Marine, Innovation, Outlook & Strategy, Regulation & Policy, Rules & Regulation, Transition, Vessels

    The wind-assisted propulsion sector has experienced remarkable growth and continued momentum during the first half of 2023, with significant advancements reshaping the maritime industry. During this period the sector has seen five new installations, the delivery of six wind-ready vessels, and boasts a promising pipeline of projects in progress, the International Windship Association (IWSA) said. […]

  • Mexico Pacific inks long-term LNG supply deal with Zhejiang Energy

    6 July 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    Zhejiang Energy International and Mexico Pacific have signed a sales and purchase agreement (SPA) for Zhejiang Energy to offtake 1 million tons per year (MTPA) of liquefied natural gas (LNG) from Mexico Pacific’s LNG export facility, Saguaro Energia, located in Puerto Libertad, Sonora, Mexico. Under the SPA, Zhejiang Energy will purchase LNG on a free-on-board […]

  • SunGas to invest $2 bln in green methanol plant to power Maersk’s ships

    27 July 2023
    Business & Finance, Business Developments & Projects, Collaboration, Green Marine, Infrastructure, Market Outlooks, Outlook & Strategy, Transition

    SunGas Renewables, a Texas-based spin-out of GTI Energy, is forming a new subsidiary named Beaver Lake Renewable Energy (BLRE), which will construct a new green methanol production facility in Central Louisiana. The facility is expected to produce nearly 400,000 metric tons of green methanol per year for marine fuel, intended to fuel A.P. Moller – Maersk’s […]

  • Clean energy vessels propel Yangzijiang Shipbuilding’s soaring orderbook to $14.70 bln

    4 August 2023
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels

    In the midst of a thriving shipbuilding upcycle fueled by the global decarbonization drive, Singapore-listed shipbuilder Yangzijiang Shipbuilding has secured a staggering $5.76 billion worth of orders for 72 vessels in the first half of 2023. The strong demand for clean energy vessels has been a significant driver of Yangzijiang’s growth. Among these orders are 10 […]

  • SSEN Transmission to hold information events for Orkney subsea link

    1 August 2023
    Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition, Vision

    SSEN Transmission is set to hold two information events in August about the planned subsea electricity transmission link between Orkney and Caithness, which is said to play a crucial role in further unlocking Orkney’s vast renewable energy potential. The Orkney transmission link will enable the connection of up to 220 MW of new renewable electricity […]

  • BP’s profit takes a hard hit while oil & gas keep flowing and energy transition gathers speed

    1 August 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Transition

    BP has revealed solid results for the second quarter of 2023, however, this represents a 70 per cent decrease on a year-over-year basis.

  • Shell sells stake in deepwater block off Indonesia

    25 July 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    Shell has inked a sale and purchase agreements with Petronas and Pertamina to divest its entire stake in a deepwater block off Indonesia.

  • Two FPSOs still on track for first oil by year-end

    10 August 2023
    Business & Finance, Business Developments & Projects, Project & Tenders

    SBM Offshore has put its back into several FPSO projects while two of these are still scheduled to achieve the first oil by the end of 2023.

  • ADNOC Gas inks $7-9 billion LNG supply deal with Indian Oil Corporation

    20 July 2023
    Business & Finance, Business Developments & Projects, Outlook & Strategy

    UAE’s ADNOC Gas, an integrated gas processing company, has signed a 14-year supply agreement with the Indian Oil Corporation (IOCL) for the export of up to 1.2 million metric tons per annum (mmtpa) of liquefied natural gas (LNG). According to ADNOC Gas, the agreement, valued in the range of $7 billion to $9 billion over […]

  • Celsius orders LNG carrier quartet at CMHI

    10 July 2023
    Business Developments & Projects, Vessels

    Danish shipping company Celsius Tankers has placed an order for four liquified natural gas (LNG) carriers at China Merchants Heavy Industries (CMHI).

  • WATCH: Meyer Turku unveils captivating video of engine installation on methanol-ready Mein Schiff 7

    19 July 2023
    Business Developments & Projects, Green Marine, Innovation, Outlook & Strategy, Transition, Vessels

    The construction of the methanol-ready Mein Schiff 7 cruise ship, being built for TUI Cruises at Finnish shipbuilding company Meyer Turku, has reached a landmark feat with the installation of main engines. The engines are being provided by Finnish technology company Wärtsilä and the ship will have a total engine power of an astounding 48,000 […]

  • UK’s blueprint for energy security goes hand in hand with net zero as oil & gas, nuclear and renewables join forces

    15 August 2023
    Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Environment, Exploration & Production, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition

    The UK government recently set out plans to scale up the deployment of renewables, ramp up nuclear and maximise the oil and gas production.

  • HMM Privatization: Bidding kicks off for South Korea’s flagship carrier

    21 July 2023
    Business & Finance, Business Developments & Projects, Green Marine, Market Outlooks, Outlook & Strategy, Transition, Vessels

    The bidding process for the privatization of South Korea’s flagship carrier HMM was officially launched on Thursday in South Korea. The move was confirmed by HMM in a regulatory filing saying that the company’s largest shareholders, government-run banks, Korea Development Bank (KDB), and Korean Ocean Business Corporation (KOBC), opened the bidding process. The move follows […]

  • Shipping moving closer to the ‘point of no return’, says T&E

    13 July 2023
    Environment, Green Marine, Market Outlooks, Outlook & Strategy, Ports & Logistics, Regulation & Policy, Rules & Regulation, Vessels

    European shipping emissions grew 3% last year as the industry edges closer to pre-pandemic levels, a new analysis by NGO Transport & Environment (T&E) shows. The analysis says that European shipping emitted over 130 million tonnes of CO2, with cruise ship emissions well up on the year before combined with a high number of vessels […]

  • By taking over Chevron’s assets off Indonesia, Eni enriches its gas and LNG portfolio

    25 July 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Italian oil major Eni has decided to enhance its oil and gas portfolio further by acquiring Chevron’s Indonesian assets.

  • Knutsen welcomes LNG carrier for charter with ENGIE

    3 July 2023
    Business Developments & Projects, Green Marine, Vessels

    The fleet of Norwegian shipping company Knutsen Group has gotten a new member, an LNG carrier named Gordon Waters Knutsen. The group shared on its social media that the vessel is designed specifically for the transportation of liquefied natural gas (LNG), with a capacity of 174,000 cubic meters. It will be long-term chartered to ENGIE […]

  • The Emerald Duchess – New PD Ports sustainable dredger to arrive next summer

    20 July 2023
    Technology

    PD Ports, a Middlesbrough headquartered port, shipping and logistics company, has just announced a £23 million investment in a new dredging vessel. The 71m long dredger, which has already been named the Emerald Duchess following a competition among PD Ports employees, will arrive at Teesport next summer. The vessel has been designed and built by the Dutch […]

  • Australian oil & gas firm gets its hands on two high-potential Gulf of Mexico blocks

    17 July 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Prominence Energy has been awarded two adjacent exploration blocks on the U.S. Outer Continental Shelf (OCS), which are located off Texas.

  • GSI names and delivers LNG-ready MSC Noa Ariela

    26 July 2023
    Green Marine, Vessels

    Chinese shipbuilder Guangzhou Shipbuilding International (GSI), a subsidiary of China State Shipbuilding Corporation, hosted a christening and delivery ceremony on Monday for the 16,000TEU container ship named MSC Noa Ariela. The containership was ordered back in March 2021 from Guangzhou Shipyard International as part of a series comprising a total of eight vessels. Liner major […]

  • NextDecade reaches FID for Rio Grande LNG

    13 July 2023
    Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Project & Tenders, Research & Development

    U.S.-based energy company NextDecade has made a positive final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the company’s 27 million tons per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas. Specifically, the company executed and closed a joint venture agreement for Phase 1 which included approximately […]

  • Oneka partners up with Californian city for wave-powered desalination demo

    25 July 2023
    Business Developments & Projects, Collaboration, Equipment, Innovation, Outlook & Strategy, Regulation & Policy, Technology

    Canadian company Oneka Technologies has teamed up with the City of Fort Bragg to deploy the first wave-powered desalination project in California.