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  • Höegh Autoliners doubles biofuel use in 2023

    26 April 2024
    Business & Finance, Business Developments & Projects, Environment, Outlook & Strategy, Regulation & Policy, Transition

    Norway-based shipping company Höegh Autoliners has doubled its biofuel usage from 2022 to 2023 in response to growing demand for green transportation.

  • Tokyo Gas sells interests in four Australian LNG projects to make room for further energy transition investments

    26 April 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Transition

    Tokyo Gas has sold minority interests in four LNG projects offshore Australia, with law firm Norton Rose Fulbright acting as legal counsel.

  • MOL’s Aramo Shipping welcomes LPG dual-fuel LPG/ammonia carrier

    26 April 2024
    Vessels

    Aramo Shipping (Singapore), a group company of Japanese shipping major Mitsui O.S.K. Lines (MOL), has taken delivery of a liquefied petroleum gas (LPG) dual-fuel LPG/ammonia carrier from compatriot shipyard Namura Shipbuilding.

  • Hygen picks ITM Power’s electrolyzers for hydrogen projects across Europe

    26 April 2024
    Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development, Technology

    Hygen Energy has appointed ITM Power as a preferred supplier of PEM electrolyzers for hydrogen projects within the UK and across wider Europe.

  • Van Oord christens fifth USV as new CEO takes over

    26 April 2024
    Business & Finance, Business Developments & Projects, Human Capital, Innovation, Project & Tenders

    Van Oord has held the christening ceremony for its fifth unmanned autonomous survey vessel (USV), developed jointly with DEMCON Unmanned Systems. The VO:X Barentsz USV came after Van Oord’s in-house survey department and DEMCON Unmanned Systems jointly developed and operated four USVs in the past years. According to Van Oord, this new larger vessel is […]

  • Minesto CEO: Q1 2024 lays foundation for path to commercial tidal energy array buildout

    26 April 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Technology

    Swedish tidal energy developer Minesto has reported a total operating income of approximately SEK 6.8 million (around €582,255) for Q1 2024, a quarter the company said has laid the foundation for the path toward the buildout of commercial arrays. The total operating income saw a decline from SEK 12.7 million in the same period last […]

  • D’Amico back at Jiangsu New Yangzi for two more eco LR1 tankers

    26 April 2024
    Vessels

    D’Amico Tankers, part of Italian shipping company d’Amico International Shipping (DIS), has returned to Chinese shipyard Jiangsu New Yangzi Shipbuilding with an order for two additional long-range (LR1) eco tankers.

  • ‘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.

  • Fluxys to take charge of hydrogen network in Belgium

    26 April 2024
    Authorities & Government, Business Developments & Projects, Infrastructure, Project & Tenders, Regulation & Policy, Research & Development, Rules & Regulation

    Federal Energy Minister Tinne Van der Straeten has appointed Fluxys as operator for the development and management of a hydrogen transmission grid in Belgium.

  • MOL obtains another transition-linked loan

    26 April 2024
    Business & Finance, Business Developments & Projects

    Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to raise funds through a syndicated transition-linked loan using the performance-based interest subsidy system based on Japan’s Act on Strengthening Industrial Competitiveness.

  • New Chinese e-tug to sport Schottel’s equipment

    26 April 2024
    Equipment

    German propulsion system manufacturer Schottel has been contracted to provide two RudderPropellers type SRP 360 in the LE-Drive variant for Guangzhou Port Group’s latest e-tug.

  • Equinor all set to kick off drilling ops with Transocean rig

    26 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Regulation & Policy

    Equinor has received consent to embark on offshore drilling activities with one of Transocean’s rigs in the Barents Sea.

  • Significant offshore wind growth brings Fugro strong start of the year

    26 April 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Vessels

    In what is described as a “strong start of the year”, Dutch geo-data specialist company Fugro reported a 9% revenue growth for Q1 2024 compared to the same period last year, said to be due to ongoing significant growth in offshore wind projects. Revenue in the first quarter was €503.2 million, a 9% increase compared […]

  • New Japanese alliance looking into ammonia supply chain in Hokkaido

    26 April 2024
    Business Developments & Projects, Collaboration, Exploration & Production, Infrastructure, Outlook & Strategy, Project & Tenders, Research & Development, Storage

    Japanese companies have started a joint study for the establishment of an ammonia supply chain based in the Tomakomai area of Hokkaido.

  • EU Net-Zero Industry Act approved, clean shipping fuels included

    26 April 2024
    Regulation & Policy, Rules & Regulation

    On April 25, the European Parliament approved the Net-Zero industry Act to bolster EU production in technologies needed for decarbonization.

  • Danish shipowner orders eight hybrid methanol dual-fuel tankers in China

    26 April 2024
    Vessels

    Denmark-based shipping company MH Simonsen has placed an order for eight hybrid-electric methanol dual-fuel chemical tankers at China’s Jiangxi New Jiangzhou Shipbuilding.

  • With CFO on the move, Aker Carbon Capture picks interim one

    26 April 2024
    Human Capital, Outlook & Strategy

    As its current CFO steps down from the role, Norway’s Aker Carbon Capture has appointed an interim CFO, who will take the reins in 2Q 2024.

  • ‘Major’ oil player books jack-up rig for drilling gig offshore Qatar

    26 April 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    ADES Holding Company has secured a long-term assignment for one of its jack-up rigs off the coast of Qatar.

  • Oil & gas production on the rise but Equinor’s profit plummets as energy prices go down

    25 April 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Transition

    Equinor’s net profit in 1Q 2024 has dropped by 46% compared to the figure recorded in 1Q 2023 amid a downturn in oil and gas prices.

  • Avenir LNG orders two 20,000 cbm LNG bunker and supply vessels in China

    25 April 2024
    Infrastructure, Vessels

    UK-based midstream LNG & BioLNG company Avenir LNG has entered into a shipbuilding contract with China’s Nantong CIMC Sinopacific Offshore & Engineering (SOE) in China, a subsidiary of CIMC Enric, for two 20,000 cbm LNG bunker & supply vessels.

  • Greek firm completes cable installation for French floating wind pilot project

    25 April 2024
    Business Developments & Projects, Operations & Maintenance

    Greece-based Asso.subsea has completed the cable installation, burial, and protection operations for the Provence Grand Large floating offshore wind project in France. The Provence Grand Large floating offshore wind project is located 17 kilometers off the coast in the Mediterranean Sea, on a 100-meter deep site. The floating wind pilot project features three Siemens Gamesa 8 […]

  • MPCC opts for sustainable financing for two methanol dual-fuel ships

    25 April 2024
    Business & Finance, Business Developments & Projects, Vessels

    Norwegian shipping company MPC Container Ships (MPCC) has signed a $55 million pre- and post-delivery ECA-covered financing agreement with Deutsche Bank and SINOSURE for its two dual-fuel methanol newbuildings.

  • Fugro secures more work on 3 GW Dogger Bank South

    25 April 2024
    Business Developments & Projects, Operations & Maintenance, Project & Tenders, Research & Development

    RWE and Abu Dhabi-based Masdar have appointed Dutch geo-data specialist company, Fugro, to carry out geotechnical seabed surveys at the Dogger Bank South (DBS) offshore wind project sites in the UK. Located over 100 kilometers off the northeastern coast of England, the DBS offshore wind farm will be split across two sites, DBS East and […]

  • CMA CGM and Bpifrance launch €200M fund to decarbonize French maritime sector

    25 April 2024
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Transition

    France-based shipping major CMA CGM and public sector investment bank Bpifrance have launched a €200 million fund dedicated to accelerating the energy transition in the French maritime industry.

  • EU takes another step toward the exit out of ‘fossil dinosaur treaty’ to safeguard green aspirations

    25 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Regulation & Policy, Rules & Regulation, Transition

    The EU is one step closer to pulling out of the Energy Charter Treaty (ECT), as there is no end in sight for the stalemate over revamping its terms.