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Clean Fuel

ESL Shipping secures loan from NIB for 4 green methanol-powered bulkers

The Nordic Investment Bank (NIB), a Finland-based financial institution of the Nordic and Baltic countries, has signed a 10-year loan agreement with compatriot shipowner ESL Shipping to finance the construction of four IA ice-classed green Handysize ships.

about 1 year ago

Alternative Fuels

ClassNK issues guidelines for safe operation of ammonia-fueled vessels

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Japanese classification society ClassNK has released new guidelines to support the safe adoption and onboard handling of ammonia as a marine fuel.

about 1 year ago

Alternative Fuels

Crowley deploys second Avance Class LNG-powered containership

U.S. shipping and logistics company Crowley has put into operation the second Avance Class LNG-powered containership to expand its capacity in the Caribbean Basin.

about 1 year ago

Fossil Energy

Höegh Evi selects Seatrium for Egypt-bound FSRU conversion

Marine energy infrastructure developer Höegh Evi has signed a long-term time charter agreement with Egyptian Natural Gas Holding Company (EGAS) to deploy a floating storage and regasification unit (FSRU) in Egypt. The vessel will be converted from a liquefied natural gas (LNG) carrier by Singapore’s

about 1 year ago

Fugro will use Blue Eclipse USV for this job; Source: Fugro

Subsea

Fugro’s largest USV going on seabed mapping duty in North Sea

Dutch geo-data specialist Fugro is sending an uncrewed surface vessel (USV), said to be the largest one in its fleet, on a seabed data acquisition mission in the North Sea, which will enable Norway’s MAREANO seabed mapping program to tuck a new first under its belt with the first USV technology fora

about 1 year ago

Carnegie Clean Energy raises over $2M to support ‘first ever’ CETO deployment in Europe

Marine Energy

Electrical validation done for CETO wave energy device (Video)

Australia’s wave energy developer Carnegie Clean Energy has completed electrical and control system testing for its ACHIEVE CETO wave energy unit at SEI’s facilities in the Basque Country, Spain. According to Carnegie, the milestone marks integration and validation of the system’s electrical, commun

about 1 year ago

From left: Manos Manousakis, Chairman and CEO of IPTO; Kyriakos Mitsotakis, Prime Minister of the Hellenic Republic; Giorgia Meloni, Italian Prime Minister; and Giuseppina Di Foggia, CEO and General M

Cabling

New €1.9 billion Greece–Italy subsea interconnection in the pipeline

Terna and IPTO have taken steps to move forward with a new high-voltage direct current (HVDC) link between Italy and Greece to strengthen regional cooperation, boost energy security, and put the wind in Europe’s transition to greener sources of supply.

about 1 year ago

Chevron recently brought online a subsea tie-back to the Blind Faith platform; Source: Chevron

Fossil Energy

Shell, BP, TotalEnergies, Eni, Equinor, ExxonMobil, Chevron, and ConocoPhillips score $29 billion

Shell, BP, TotalEnergies, Equinor, Eni, ExxonMobil, Chevron, and ConocoPhillips have managed to come on top yet again, displaying the resilience of the energy sector with performance and quarterly results that show a combined profit of about $29 billion.

about 1 year ago

Clean Fuel

South Korea wants to build ‘world’s largest’ liquefied hydrogen carrier

South Korea’s government has revealed plans to build ‘the world’s largest’ liquefied hydrogen (LH2) carrier in an effort to develop a competitive advantage in this market segment and ensure the future of the Korean shipbuilding industry.

about 1 year ago

Fossil Energy

Vaalco advances FPSO overhaul and drilling plans off Africa

Houston-based Vaalco Energy has provided an update on its exploration agenda offshore Côte d’Ivoire and Gabon.

about 1 year ago

FPSO Fast4Ward design; Source: SBM Offshore

Deepwater Installation

SBM Offshore’s Suriname-bound FPSO for TotalEnergies $12.2B oil project starts taking shape

TotalEnergies is making strides in the development of the first-ever offshore oil field in Suriname. Progress has also been achieved in the construction of a floating production, storage, and offloading (FPSO) vessel destined for this project.

about 1 year ago

Alternative Fuels

CEVA launches new low-carbon ocean freight service

CEVA Logistics, a part of French shipping group CMA CGM, has started a new low-carbon ocean freight service between France and Ivory Coast, leveraging marine biofuel and anticipating an 84% reduction in CO2 emissions compared to conventional ocean freight.

about 1 year ago

Fossil Energy

Jersey player in the running for acreage offshore Brunei

Jersey-based and London Stock Exchange-listed upstream oil and gas company Upland Resources is being considered for the award of acreage as part of the 2025 Brunei offshore licensing round organized by the Petroleum Authority of Brunei (PAB).

about 1 year ago

Alternative Fuels

EPS names final 7,000 CEU dual-fuel car carrier in China

Singapore-based shipowner Eastern Pacific Shipping (EPS) has named its sixth 7,000 CEU dual-fuel pure car and truck carrier (PCTC) built by China Merchants Jinling Shipyard (Weihai).

about 1 year ago