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Sea Cargo Charter expands scope to boost shipping’s decarbonization
The Sea Cargo Charter (SCC), a global framework for aligning chartering activities with responsible environmental behavior to promote international shipping’s decarbonization, is expanding its scope four years after its inception to accelerate shipping’s decarbonization.
Yara Clean Ammonia appoints new CEO to spearhead ‘rapidly growing’ business
Oslo-headquartered Yara Clean Ammonia has appointed Hans Olav Raen as the new Chief Executive Officer (CEO), effective May 1, 2024.
Eco Wave Power’s ‘significant milestones’ keep optimism for future energy project opportunities alive
Eco Wave Power is among the companies that felt the impact of the unpredictability surrounding the economy in 2023.
Amogy and ITOCHU ally on use of ammonia system on maritime vessels
Amogy has signed a memorandum of understanding (MoU) with ITOCHU Corporation to explore the potential application of Amogy’s technology on ITOCHU’s maritime vessels.
Dana Petroleum joins Shell and Deltic as partner in North Sea asset
Deltic Energy has wrapped up the sale of a partial stake in a Shell-operated license, containing a prospect, which will be drilled this summer.
Singapore player cheers ‘largest-ever contract win’ in its history
Singapore-based offshore builder Dyna-Mac has tucked a mega contract award under its belt for the construction of process modules.
Deal signed for new hydrogen industry cluster in South Korea
South Korean province Jeollanam-do has signed an investment memorandum of understanding (MoU) with five companies to create a hydrogen industry cluster in Myodo, Yeosu.
ABS gives ‘industry 1st’ approval to ECOLOG for operation of LCO2 carriers
Classification society the American Bureau of Shipping (ABS) has awarded ECOLOG, a Greek mid-stream carbon capture, utilization and sequestration (CCUS) service provider, with an industry first ISM Document of Compliance for the operation of liquified CO2 carriers on behalf of the Bermuda flag admin
Pursuit of appeal for arbitration ruling regarding two canceled drillships hits a wall
Northern Drilling is contemplating its next steps after its attempts to appeal the court’s arbitration ruling related to canceled orders for two drillships with a South Korean shipbuilder came to naught.
KfW IPEX-Bank funds C. Armateurs’ eco-friendly bulkers
Germany’s KfW IPEX-Bank has decided to support the fleet modernization of Switzerland-based shipping group C. Armateurs, part of the Cobelfret group, with a financing of €42 million.
Asso.subsea completes cable work at Croatian interconnector (Gallery)
Asso.subsea has completed the installation of approximately 30 kilometers of cables for the Adriatic Sea Islands Interconnection in Croatia, reaching depths of 70 meters. Asso.subsea transported and installed four distinct 110 kV cable systems, with the northern part connecting the landing sites Mal
New Japan-UK partnership eyes green hydrogen and derivatives projects
J-POWER and Yamna have signed an agreement for the joint development and investment in green hydrogen and derivatives projects globally.
European policymakers urged to adopt robust low-carbon hydrogen definition
Industry players and NGOs issued a joint letter calling on European policymakers to adopt a robust definition for low-carbon hydrogen.
Petoro awards AGR frame agreement for suite of services
Norwegian state-owned firm Petoro has awarded AGR, part of ABL Group, with a frame agreement for the supply of independent consultancy and third-party verification studies across subsurface, drilling, and wells and field development. Petoro manages a direct financial stake in Norway’s oil and gas in