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  • TotalEnergies becoming sole owner of Malaysian firm to boost gas production

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

    TotalEnergies has taken steps to bolster its gas production in Malaysia by signing a deal with Sapura to obtain its entire stake in SapuraOMV.

  • Balticconnector gas pipeline back in operation following six-month shut-down

    22 April 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Safety

    The Balticconnector gas pipeline between Finland and Estonia, which was shut down in October 2023 due to a rupture, has commenced commercial operations following the completion of repair work. Estonian transmission system operator (TSO) Elering and its Finnish counterpart Gasgrid closed Balticconnector on the night of October 8, 2023, as the pressure in the gas pipeline […]

  • ACWA Power unites with IRENA to bolster renewable energy transition

    22 April 2024
    Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Research & Development, Storage, Transition

    ACWA Power, has signed an agreement to partner with the International Renewable Energy Agency (IRENA) to drive the worldwide transition to renewable energy sources.

  • Tenth LNG dual-fuel bulker joins Himalaya Shipping’s fleet

    22 April 2024
    Business Developments & Projects, Green Marine, Infrastructure, Vessels

    Bermuda-based bulk carrier company Himalaya Shipping has taken delivery of the tenth 210,000 dwt Newcastlemax LNG dual-fuel newbuild from China’s New Times Shipyard.

  • MOL to install CO2 capture system onboard LR1 product tanker

    22 April 2024
    Carbon Capture Usage & Storage, Equipment, Technology, Vessels

    Japanese shipping company Mitsui O.S.K. Lines (MOL) has decided to equip its LR1 product tanker with Value Maritime’s Filtree system, an onboard CO2 capture system with a SOx scrubber.

  • Singapore-LA-LB green shipping corridor has vast decarbonization potential, study finds

    22 April 2024
    Business Developments & Projects, Outlook & Strategy, Research & Development, Transition

    One year after the signing of the memorandum of understanding (MoU) to establish a Green and Digital Shipping Corridor (GDSC), the Maritime and Port Authority of Singapore (MPA), Port of Los Angeles and Port of Long Beach have completed a comprehensive baselining study. As informed, the study forecasts more green jobs, health improvements for local […]

  • Tidal test site in Massachusetts first in US to receive federal license

    22 April 2024
    Business Developments & Projects, Innovation, Operations & Maintenance, Project & Tenders, Regulation & Policy, Rules & Regulation

    The BTTS stands as the sole tidal test site in the U.S. to attain this license. With this license, the turbines can directly feed renewable electricity into the grid.

  • Equinor and Nexans extend long-term relationship with four-year agreement

    22 April 2024
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders

    Designer and manufacturer of cable systems Nexans and Norwegian state-owned energy giant Equinor have expanded their long-standing relationship with a four-year contingency and preparedness contract. The long-term collaboration between the two companies is extended through a four-year agreement that will see Nexans provide turnkey repair services for approximately 3,000 kilometers of Equinor’s various cable systems. Equinor […]

  • SBM Offshore gets its hands on $250 million FPSO construction loan

    22 April 2024
    Business & Finance, Business Developments & Projects

    Dutch FPSO operator SBM Offshore has secured a term loan facility that will be used for building an FPSO vessel.

  • Yang Ming wraps up inaugural biofuel bunkering in Shenzhen with Banle Energy’s assistance

    22 April 2024
    Business Developments & Projects, Green Marine, Operations & Maintenance, Outlook & Strategy

    Yang Ming has completed its inaugural B24 biofuel bunkering supply in Shenzhen, China, with support from Banle Energy.

  • RINA nets deal for Carnival Cruise Line’s LNG-powered ships

    22 April 2024
    Certification & Classification, Vessels

    Classification society RINA has been awarded a contract for the design approval and construction supervision of the fourth and fifth Excel-class cruise ships for US-based Carnival Cruise Line, a subsidiary of Carnival Corporation.

  • Shift plans new marine battery production facility in Johor to electrify ASEAN maritime industry

    22 April 2024
    Business & Finance, Business Developments & Projects, Collaboration, Equipment, Green Marine, Infrastructure, Outlook & Strategy

    Shift and JLand Group (JLG) have signed an MoU to evaluate the establishment of a marine battery production facility in Johor.

  • TotalEnergies greenlights solar-powered gas project envisioned as Middle East’s first LNG bunkering hub

    22 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Collaboration, Environment, Exploration & Production, Innovation, Project & Tenders, Regulation & Policy, Transition

    TotalEnergies has made a final investment decision (FID) for an LNG project in Oman, which is designed to run on solar power.

  • Romania’s Hidroelectrica and UAE’s Masdar forge ties for floating solar projects, eye offshore wind

    22 April 2024
    Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Vision

    The collaboration may be extended for another three years if the joint venture meets certain conditions during the initial three-year period, as proposed by the joint venture and approved by the board for the final investment decision (FID) phase. 

  • JGC looking to boost competitiveness in hydrogen, ammonia and CCUS fields

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

    JGC Holdings has decided to invest in AP Ventures Fund III to enhance its competitiveness in the exploration of technologies in the fields of hydrogen, ammonia and CCUS.

  • New biofuel-capable cement carrier to join Eureka Shipping next year

    22 April 2024
    Business Developments & Projects, Infrastructure, Vessels

    Eureka Shipping, a cement carrier services provider jointly owned by Cyprus-based SMT Shipping and Canada’s CSL Group, is building a biofuel-capable, shore power-ready mechanical/pneumatic cement ship.

  • Korean firm gets $99 million boost for US subsea cable factory

    22 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy

    South Korean cable manufacturer LS Cable & System has received financial support from the U.S. Department of Energy (DOE) for its high-voltage submarine power cable factory in the U.S. LS GreenLink USA, a wholly-owned subsidiary of LS C&S, plans to build a manufacturing facility to produce high-voltage submarine power cables in the U.S. as a part of […]

  • AET brings in Singfar’s LNG dual-fuel Aframax duo on long-term charter

    22 April 2024
    Business & Finance, Business Developments & Projects, Green Marine, Infrastructure, Outlook & Strategy, Vessels

    AET, a petroleum arm of MISC, is advancing its fleet rejuvenation efforts with a new long-term charter for two LNG dual-fuel Aframaxes.

  • Norwegian firm hands over piece of equipment for Africa-bound FPSO ahead of deadline

    22 April 2024
    Business & Finance, Business Developments & Projects, Equipment, Exploration & Production, Project & Tenders, Technology

    Techouse has wrapped up its scope of work for a cylindrical FPSO with the delivery of a new sulphate removal unit (SRU).

  • ABS, US DOE team up on decarbonization of maritime operations

    22 April 2024
    Business Developments & Projects, Project & Tenders, Research & Development

    Classification society ABS and the U.S. Department of Energy (DOE) have signed a Memorandum of Understanding (MoU)  to collaborate on clean energy development in the maritime domain and decarbonization of maritime operations.

  • Topsoe to build electrolyzer factory for clean hydrogen in US

    22 April 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Innovation, Outlook & Strategy, Project & Tenders, Research & Development, Technology

    Topsoe has chosen Virginia, U.S., to build a new factory that will manufacture SOECs for the production of clean hydrogen and derivatives like eAmmonia and eMethanol.

  • Aker BP’s North Sea field comes on stream

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

    Aker BP has started production from a field in the North Sea, which has been tied back to an existing platform off the coast of Norway.

  • Wheels in motion to gauge commerciality of recent oil discoveries offshore Namibia

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

    Galp is in the process of evaluating the commerciality of oil discoveries, which were made in the heart of Namibia’s Orange Basin.

  • Interview: Shaping up UK’s gas infrastructure to get it ready for hydrogen bonanza

    19 April 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Environment, Equipment, Exploration & Production, Innovation, Regulation & Policy, Research & Development, Rules & Regulation, Transition

    Can hydrogen overcome the obstacles in its path to show it is the real deal in the fight against climate change?

  • ‘World’s first’ ammonia dual-fuel Aframaxes ordered by MISC

    19 April 2024
    Business Developments & Projects, Infrastructure, Vessels

    Malaysia’s shipowner MISC has ordered and chartered out, via its petroleum arm AET, ‘the world’s first’ two ammonia dual-fuel Aframaxes.