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Alternative Fuels

MMMCZCS, LR Decarb Hub unite to advance zero-carbon shipping goals

In a move that underscores growing collaboration in the race to decarbonize shipping, Lloyd’s Register Maritime Decarbonisation Hub (Decarb Hub) has become the latest Knowledge Partner of the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping (MMMCZCS). The goal of the partnership is described a

about 1 year ago

Fossil Energy

Uruguay oil & gas quest: Prospects appear in one block, as another preps for seismic acquisition

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As offshore oil and gas exploration mission continues in Uruguay, the Isle of Man-headquartered oil and gas company Challenger Energy Group (CEG) is moving forward with its plans to make its assets drill-ready.

about 1 year ago

Decommissioning

ExxonMobil hires Helix for three-year plug and abandonment services

U.S.-headquartered offshore energy services provider Helix Energy Solutions has secured a plug and abandonment (P&A) agreement with U.S. energy major ExxonMobil in the Gulf of America. The company’s Louisiana-based shallow water abandonment group Helix Alliance was awarded the three-year framework a

about 1 year ago

Alternative Fuels

Fincantieri takes construction of LNG-powered Explora fleet to the next stage

Italian shipbuilder Fincantieri has reached a new chapter in the construction of LNG-powered ships for Explora Journeys, the cruise division of Mediterranean Shipping Company (MSC).

about 1 year ago

Marine Energy

New tidal turbine blade tech project links Wales and Galicia

A new cross-border initiative to develop tidal turbine blades is underway in Wales, led by Menter Môn Morlais, developer of what is said to be Europe’s largest consented tidal energy scheme. According to Menter Môn Morlais, the project is backed by £1 million (approximately $1.3 million) in funding

about 1 year ago

Fossil Energy

New FPSO en route to join six other units at Petrobras’ deepwater field (Gallery)

A floating production storage and offloading (FPSO) unit has left Seatrium’s yard in Singapore for a field in Brazil’s Santos Basin operated by the country’s state-owned energy major Petrobras.

about 1 year ago

Funding & Regulation

John Cockerill acquires McPhy’s assets to advance development of alkaline electrolyzers

John Cockerill Hydrogen has acquired part of the assets of McPhy to accelerate the development of its new generation of pressurized alkaline electrolyzers.

about 1 year ago

Clean Fuel

Pacific Basin closes its 2nd sustainability-linked loan

Hong Kong-based dry bulk vessel owner and operator Pacific Basin Shipping has closed a new $250 million sustainability-linked 7-year senior secured committed revolving credit facility for general corporate purposes.

about 1 year ago

Green Marine

DP World to breathe new life into Syria’s Port of Tartus

The UAE-based logistics heavyweight DP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus.

about 1 year ago

Aker BP to keep Oceaneering busy for three years or longer

Fossil Energy

Oceaneering looking at up to $90M in revenue thanks to contract with ExxonMobil

U.S. subsea engineering and applied technology firm Oceaneering International has secured a contract with an affiliate of U.S. energy major ExxonMobil to provide remotely operated vehicle (ROV) services and integrated solutions at an offshore block in Angola. Oceaneering Angola and Oceaneering Marin

about 1 year ago

Fossil Energy

Perenco takes over Trinidadian assets from Woodside

Anglo-French oil and gas player Perenco has finalized the acquisition of assets off the coast of Trinidad and Tobago formerly owned by Australia’s energy giant Woodside Energy.

about 1 year ago

Alternative Fuels

CPN hits new biofuel bunkering milestone in Hong Kong

Bunker supplier Chimbusco Pan Nation Petro-Chemical (CPN) has conducted the first-ever delivery of B30-marine gasoil (B30 MGO) in Hong Kong.

about 1 year ago

Ammonia

Envision launches large-scale green hydrogen and ammonia plant

Envision Energy has officially commissioned its large-scale green hydrogen and ammonia production facility, located in the Chifeng Net Zero Industrial Park.

about 1 year ago

Energy Efficiency & Innovation

LDA to install voyage optimization solution on wind-assisted RoRo ships

French maritime company Louis Dreyfus Armateurs (LDA) has commissioned compatriot Ascenz Marorka, a smart shipping arm of GTT Group, to install a voyage optimization solution on four roll-on/roll-off (RoRo) vessels.

about 1 year ago