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Business Developments & Projects

Deal signed for 3+5 210,000-ton methanol and ammonia reserved bulk carriers

COSCO Shipping Bulk and Yangzhou COSCO Shipping Heavy Industry, subsidiaries of Chinese shipping heavyweight COSCO Shipping, have signed a contract for 3 +5 210,000-ton methanol and ammonia reserved bulk carriers.

about 1 year ago

Marine Energy

Weco’s wave energy converter produces first power (Video)

The Hague-based Wave Energy Collective (Weco) has reached a milestone in the development of its Kaizen wave energy converter (WEC), as the device had generated its first power. Weco said that it was also able to validate and optimize the design further. The company collaborated with Deltares, a Neth

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about 1 year ago

Business Developments & Projects

Chevron inks 20-year LNG supply deal with Energy Transfer

Chevron has signed a sale and purchase agreement (SPA) with a subsidiary of compatriot firm Energy Transfer, for the delivery of volumes from a liquefied natural gas (LNG) export project the latter is developing on Louisiana’s Gulf Coast.

about 1 year ago

Deepsea Stavanger rig; Source: Odfjell Drilling

Business & Finance

Equinor comes up empty in North Sea duo

Equinor has found no hydrocarbons in two wells, which were drilled using one of Odfjell Drilling’s rigs in the North Sea off the coast of Norway.

about 1 year ago

VARD delivers advanced cable layer to Danish subsea specialist

Cabling

VARD delivers hybrid cable layer to Danish subsea specialist

Norway’s ship designer and shipbuilder VARD has delivered an advanced cable-laying vessel (CLV) to Denmark’s subsea specialist NCT Offshore, less than two years after the contract was signed. NCT placed the order for the 95-meter-long CLV Freja with VARD in early 2023, with Vard Design in Ålesund, N

about 1 year ago

Green Marine

New SHIPS for America Act seeks to revitalize US maritime industry

U.S. lawmakers have introduced a new act to bolster America’s commercial maritime industry and enhance its competitiveness amid China’s growing influence in the international shipping arena.

about 1 year ago

Ammonia

First 86-meter ammonia-ready Armada vessel joins Ocean Infinity’s fleet

Houston-based marine robotics company Ocean Infinity has taken delivery of the first 86-meter ammonia-ready Armada robotic vessel from Vard Vung Tau shipyard in Vietnam.

about 1 year ago

Pluto LNG Train 2 module; Source: Woodside

Fossil Energy

WATCH: Australia’s $12.5B gas project makes inroads as final modules for Pluto LNG’s Train 2 come

Woodside has reached another milestone, which it sees as significant for developing its giant gas project off the coast of Western Australia, thanks to the arrival of the last batch of modules at the Pluto Train 2 construction site in Karratha.

about 1 year ago

Fossil Energy

UK’s first CO2 injection nears reality as final preparations are underway (Video)

Perenco UK and Carbon Catalyst Limited are completing the final preparations for the CO2 injection test at a carbon capture and storage (CCS) license in the North Sea that encompasses what is seen as the UK’s largest depleted gas field. The partners secured a license to progress the Poseidon CCS pro

about 1 year ago

Clean Fuel

John Cockerill, Johnson Matthey to work on ETFuels’ e-methanol project in Texas

Green energy company ETFuels has selected technology companies John Cockerill and Johnson Matthey as strategic partners for its 120,000-ton-per-year e-methanol project in Texas, U.S.

about 1 year ago

Alternative Fuels

North Ammonia advances plans for green ammonia plant at Fjord Base

Norwegian green energy provider North Ammonia has partnered with compatriot Fjord Base Holding to develop a green ammonia production facility at Fjord Base in Florø.

about 1 year ago

Business Developments & Projects

With four wells recompleted, Trillion prepares for more tubing ops off Türkiye

After running velocity string tubing in four existing wells, Canada’s oil and gas player Trillion Energy is getting ready to restart operations following the receipt of equipment at a gas field offshore Türkiye.

about 1 year ago

Energy Efficiency & Innovation

GT Wings bags $1.3M in new investment round

UK’s wind propulsion technology provider GT Wings has closed over £1 million (about $1.3 million) in new equity that would enable the company to grow its team and further develop its wingsail solution.

about 1 year ago

'Large' Greek electrical interconnection done with construction, to enter operation in spring

Cabling

Construction of €1B Greek electrical interconnection done, operations in spring

Ariadne Interconnection, a subsidiary of Greek transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE), has completed what it says is the largest electricity transmission project in Greece, with a budget exceeding €1.1 billion. IPTO reported yesterday, December 23,

about 1 year ago