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Hanwha Ocean wins $247 million deal for VLAC pair amid growing demand for ammonia carriers
South Korean shipbuilder Hanwha Ocean, formerly known as Daewoo Shipbuilding & Marine Engineering (DSME), secured its first order for 2024 with an agreement to build two 93,000 cbm ultra-large ammonia carriers equipped with eco-friendly technology. The vessels, valued at approximately KRW 331.2 bill
AquaVentus: Imminent start of North Sea auction is essential for hydrogen ramp-up
Jörg Singer, chairman of German offshore wind-to-hydrogen initiative AquaVentus has called for a timely tender for the expansion of offshore electrolysis, saying that the imminent start of the auction for the Noth Sea region SEN-1, a 100 km2 area in the North Sea designated for hydrogen production,
Subsea7 pipelayer to sport full electric Huisman crane
Subsea7 has awarded the Netherlands-based Huisman with a contract to deliver a full electric offshore mast crane for one of its pipelay vessels that will be deployed for deep water installations. The 500mt offshore mast crane will be equipped with a passive and active heave compensation system on th
Following work for Shell, Argeo subsea vessel going to Indian Ocean
Argeo’s subsea vessel Argeo Searcher has completed a job in Nigeria for Shell and is now set to mobilize for work in the Indian Ocean. In its most recent vessel schedule, Argeo reported that its backlog update was currently running at around NOK 550 million (over $52.3 million), with a further sales
Langh Ship’s second eco-friendly multipurpose ship named
Finland-based shipping company Langh Ship has held a naming ceremony for its second out of three new eco-friendly multipurpose (MPP) dry cargo vessels.
Island Drilling’s rig kicks off three-well program in African waters
Trident Energy has embarked on a three-well infill drilling campaign on Block G offshore Equatorial Guinea.
Conoship and Bouman join forces on ship-based carbon capture joint venture
EverLoNG ship-based carbon capture project partners Bouman Industries and Conoship International have signed an agreement to create a joint venture that would build ship-based carbon capture (SBCC) systems. The new partnership, called Carobotreat Maritime, aims to use its combined expertise to help
Hit-and-miss in North Sea: Aker BP finds more black gold in one well but bites the dust in another
Aker BP and Equinor have found more oil in one well drilled in the North Sea, using Odfjell Drilling’s semi-submersible rig.
Wison New Energies starts pre-FEED work for two FLNG projects in Nigeria
China-based provider of clean energy services Wison New Energies, formerly known as Wison Offshore & Marine, has initiated the design validation and pre-FEED phase for two floating LNG (FLNG) projects in Nigeria. Following the signing of the contract and disbursement of mobilization funding, Wison N
Scottish high-voltage cable factory plan approved
Japan-headquartered Sumitomo Electric Industries has received approval for its plans to establish a power cable factory in Scotland. The Highland Council’s north planning applications committee approved the planning permission for the new high-voltage cable factory near Inverness last week. The deve
Flying Tiger Copenhagen teams up with Maersk on transporting goods using green fuels
Danish container shipping major A.P. Moller – Maersk has announced that compatriot retail company Flying Tiger Copenhagen will join its roster of customers utilizing the ECO Delivery solution for ocean freight transport, beginning in 2024. The strategic move aims to significantly curb Flying Tiger C
Canadian oil & gas firm increases its stake in South African offshore block
Africa Oil Corp. has tucked the final approval under its belt for the acquisition of additional interest in a block it operates in the Orange Basin off South Africa.
Toyota’s growth fund invests in Corvus Energy to boost hydrogen fuel cell development
Corvus Energy, a supplier of zero-emissions energy solutions or maritime, offshore, and port applications, has secured an investment from Woven Capital, Toyota’s growth fund, to speed up the development of its battery storage and hydrogen fuel cells and expand its geographical footprint. Corvus and
Reach Subsea gets more work in North Sea and Americas amid growing demand
Reach Subsea has increased its order backlog by securing new contracts, extending existing ones, and receiving call-offs within current frame agreements in the North Sea and the Americas region. Reach Subsea has landed contracts worth more than NOK 570 million (around $55 million), mainly starting i