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  • Viking Line launches ‘green sea conferences’ to cut emissions by 90%

    1 March 2024
    Business Developments & Projects, Infrastructure, Innovation, Vessels

    Finnish shipping company Viking Line has launched green sea conferences, a new biofuel-based sustainable initiative offered on the company’s two climate-smart vessels.

  • With natural gas in high demand, Shell forecasts global LNG growth will top 50% by 2040

    1 March 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Transition

    Shell has revealed its latest outlook on the global demand for LNG, predicting a rise in demand of more than 50% by 2040.

  • KfW IPEX finances first climate-neutral terminal based on hydrogen

    1 March 2024
    Business & Finance, Business Developments & Projects, Infrastructure, Ports & Logistics

    Germany’s KfW IPEX-Bank is providing financing for the new Duisburg Gateway Terminal (DGT), described as Europe’s first fully climate-neutral terminal using hydrogen technology and the first one to be intelligently networked.

  • Appraisal of gas/condensate discovery boosts resource estimate

    1 March 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production

    Wintershall Dea has drilled an appraisal well, which led to a minor increase in the resource estimate for a gas/condensate discovery in the Norwegian Sea.

  • WoodMac: Are shifts in energy policy on the cards for oil & gas ecosystem and which forces will be at play in 2024?

    1 March 2024
    Business & Finance, Business Developments & Projects, Environment, Exploration & Production, Outlook & Strategy, Transition

    While offering its predictions for 2024, Wood Mackenzie has outlined several key themes to watch in global and corporate upstream sectors.

  • Cedar LNG FID postponed for mid-2024

    1 March 2024
    Business Developments & Projects, Project & Tenders, Research & Development

    Cedar LNG, a partnership between the Haisla Nation and Canadian energy infrastructure company Pembina Pipeline, has revealed that a final investment decision (FID) for the Cedar LNG project has been put off until the middle of 2024 despite numerous achievements. Cedar LNG said that a number of schedule-driven, interconnected elements require resolution prior to making […]

  • High client demand brings ‘strong’ 2023 to Fugro

    1 March 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Transition, Vision

    Fugro has reported revenue of €2.2 billion for 2023, a 27.5% growth from €1.7 billion in 2022, said to be driven by high client demand in energy markets. For the full year of 2023, Fugro reported it had realized revenue growth on a currency-comparable basis by capturing high client demand in the offshore wind (+55%) […]

  • Santos eyes drilling ops off Australia

    1 March 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders, Regulation & Policy

    Santos has submitted an environment plan (EP) for drilling activities off the coast of Australia to boost hydrocarbon production.

  • PGS makes energy-efficient move for eight of its vessels

    1 March 2024
    Business & Finance, Business Developments & Projects, Environment, Operations & Maintenance, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition, Vessels, Vision

    Norwegian seismic company PGS is switching to energy-efficient lighting for eight of its seismic vessels as part of its sustainability targets and desire to comply with emission reduction targets and new regulations. PGS appointed compatriot lighting company Glamox to deliver energy-saving lighting for the eight vessels that deliver seismic surveys of the seabed. The first phase […]

  • Topsoe’s ammonia technology picked for new hydrogen project in South Korea

    1 March 2024
    Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development, Technology

    Danish technology company Topsoe has signed an engineering agreement with the South Korean industrial supplier of hydrogen Approtium to convert low-carbon ammonia into hydrogen using its H2RETAKE technology. Specifically, Topsoe said the company will deliver its technology to Approtium’s project in Ulsan, South Korea, where the latter plans to build an ammonia cracking plant to […]

  • Port of Salalah progresses with $300 million expansion

    1 March 2024
    Equipment, Ports & Logistics

    As part of its $300 million container terminal upgrade and expansion project, the Port of Salalah received the first four of 10 new ZPMC ship-to-shore cranes.

  • Exclusive interview with Tankers International CEO: VLCC pooling’s role poised to grow with energy transition demands rising

    29 February 2024
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy, Transition, Vessels

    OE spoke with Charlie Grey, Tankers International’s CEO, on how its members are doing business amid the decarbonization and digital transformation.

  • Tragedy strikes during training exercise as helicopter crash ends in fatality

    29 February 2024
    Business Developments & Projects, Safety

    One of Bristow Group’s search and rescue (SAR) helicopters was involved in an accident around 15 nautical miles west of Bergen off Norway.

  • Deal signed for new hydrogen hub in Sarawak, Malaysia

    29 February 2024
    Business Developments & Projects, Collaboration, Infrastructure, Outlook & Strategy

    Clean energy solutions provider Gentari, through its subsidiary Gentari Hydrogen, has signed a heads of agreement (HOA) with SEDC Energy (SEDCE) for the joint development of a centralized hydrogen production hub in Sarawak’s Bintulu, Malaysia. The agreement for the production hub, to be known as the Sarawak H2 Hub, was signed on February 26, 2024, […]

  • ABB to deliver shore connection solution for Portsmouth Port’s Sea Change project

    29 February 2024
    Equipment, Ports & Logistics

    ABB has won an order with Portsmouth International Port to supply a shore connection solution for visiting ferries and cruise ships as part of the UK port’s Sea Change project.

  • Energean FPSO goes full throttle off Israel

    29 February 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Oil and gas gas company Energean has brought a new project on stream to boost output from a field off the coast of Israel.

  • Jack-up rig gets multi-well gig offshore Oman

    29 February 2024
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Masirah Oil has hired a jack-up rig for a multi-well drilling program at a field in the Block 50 concession offshore Oman.

  • Sulmara expands its services with new business line

    29 February 2024
    Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders

    Subsea specialist Sulmara has launched a new business line, expanding its services with the aim of reducing the risks clients face in subsea operations and helping them meet their net-zero targets. The new Route Development business line will see the company provide a range of support from the planning and design stage of projects through to the […]

  • Helix tucks five-year decom gig under its belt in Gulf of Mexico

    29 February 2024
    Business & Finance, Business Developments & Projects, Project & Tenders

    Helix Energy Solutions has got its hands on a long-term joint decommissioning agreement with Talos Energy.

  • Three partners unite for landmark hybrid wind-solar farm offshore Italy

    29 February 2024
    Business & Finance, Business Developments & Projects, Collaboration, Infrastructure, Innovation, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition, Vision

    Dutch-Norwegian floating solar developer SolarDuck, Italian independent asset manager Green Arrow Capital and New Developments s.r.l., an Italian developer, have agreed to collaborate on the development of an offshore hybrid wind-solar farm in the Gulf of Taranto offshore Italy. The three companies have agreed to collaborate on the development of the landmark 120 MWp offshore floating solar photovoltaic […]

  • HH2E and Siemens Energy forge green hydrogen ties

    29 February 2024
    Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development, Technology

    German companies HH2E and Siemens Energy have partnered up to address the future green energy needs of HH2E, focusing specifically on the provision of high-voltage systems, power transformers and beyond, essential for the operation of HH2E’s large-scale green hydrogen production units across Germany. Commenting on the partnership, HH2E mentioned its HH2E-Werk green hydrogen production facilities […]

  • Canadian govt charts path for sustainable tidal energy development

    29 February 2024
    Authorities & Government, Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition, Vision

    The Government of Canada has released the Tidal Energy Task Force’s final report to clarify regulatory requirements for tidal energy projects in the Bay of Fundy with the aim of defining the path for growth of the industry.  The Government of Canada noted it was working with the province of Nova Scotia, indigenous communities and industry to support […]

  • US launches $3 billion Clean Ports Program

    29 February 2024
    Business & Finance, Business Developments & Projects, Ports & Logistics

    U.S. Environmental Protection Agency has launched the $3 billion Clean Ports Program to fund zero-emission port equipment and infrastructure to tackle the climate crisis and improve air quality at U.S. ports.

  • TECO 2030, Umoe Mandal get preliminary approval for hydrogen fuel cell-powered high-speed vessel design

    29 February 2024
    Authorities & Government, Certification & Classification, Infrastructure, Regulation & Policy, Vessels

    Norwegian cleantech company TECO 2030 and compatriot shipbuilder Umoe Mandal have received “approval of preliminary design” from the Norwegian Maritime Authority for a multimegawatt hydrogen fuel cell-powered high-speed vessel design.

  • Atlantic Oceanic buys MPSV as part of its ongoing fleet growth program

    29 February 2024
    Business & Finance, Business Developments & Projects, Vessels

    Offshore ship-owning group Atlantic Oceanic (UK) has acquired an advanced DP2 multi-purpose supply vessel (MPSV) as part of its ongoing fleet growth program. The vessel, named Atlantic Spirit and previously known as Tek-Ocean Spirit, is an 87-meter-long specialist MPSV equipped with a DP2 dynamic positioning system and a 65-ton active heave compensation (AHC) high lift […]