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HD KSOE clinches $366 million deal to build three ammonia carriers
South Korean shipbuilding giant HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has secured an order for the construction of three very large ammonia carriers (VLACs).
Wisdom Lines sets sail into 2024 with $80 million investment
Taiwanese shipping company Wisdom Lines is starting 2024 with a $80 million investment in two 84,000 dwt bulk carriers. The company revealed that its Board of Directors approved the purchase of the vessels, which are set to be constructed by Tsuneishi Group (Zhoushan) Shipbuilding Inc. in China, the
Lhyfe partners with Source Galileo for green hydrogen production in UK and Ireland
French green hydrogen producer Lhyfe and UK renewable energy developer Source Galileo have entered into a joint agreement to develop commercial-scale green and renewable hydrogen production units in the UK and Ireland. To this end, the companies signed a memorandum of understanding (MoU), aiming to
TotalEnergies’ giant natural gas field in North Sea on track to come online this spring
TotalEnergies is getting ready to bring on stream the Tyra II redevelopment project in the Danish sector of the North Sea in March 2024.
Norwegian player carves away FPSO segment from renewables business
Magnora is setting apart its FPSO segment from the renewables business, splitting them apart due to the considerable growth in profits from renewables.
Ofgem CEO: Burgeoning hydrogen and CCS industry in Teesside and Humber to yield tens of thousands of jobs
Tens of thousands of new-generation clean jobs need to be created to support burgeoning hydrogen production and the carbon capture and storage (CCS) industry in the UK’s Teesside and Humberside regions, according to Jonathan Brearley, CEO of UK energy market regulator Ofgem. Following visits to CCS
CPN bunkers NS United Kaiun Kaisha bulker with biofuel
Hong Kong-based bunker service provider Chimbusco Pan Nation Petro-Chemical (CPN) has supplied 800 metric tons of ISCC-EU certified B24 marine biofuel to a vessel owned by Japanese shipping company NS United Kaiun Kaisha.
MODEC puts Swiss player in charge of topside and hull electrical systems for ExxonMobil’s Guyana-bound FPSO
ABB has been hired for the delivery of a complete electrical system and associated digital solutions on ExxonMobil’s Guyana-bound FPSO.
Fugro’s PSV becomes geotechnical survey vessel at Ulstein Verft
Ulstein Verft has completed the conversion of a 2015-built platform supply vessel (PSV) into a geotechnical survey vessel for Fugro, representing one out of two vessel transformation tasks it has on its to-do list. Ulstein Verft finished the conversion of the Fugro Resilience at the end of 2023, on
Five-year gig for Constellation’s three rigs takes Norwegian firm to Brazil
HMH has entered into a long-term contractual services agreement (CSA) with Constellation Oil Services, a Brazilian drilling contractor.
Mitsubishi HC Capital to acquire 20% stake in European Energy
Denmark’s European Energy and Japan’s Mitsubishi HC Capital have entered into an agreement in which Mitsubishi will acquire a 20% stake in European Energy. Specifically, Mitsubishi HC Capital will subscribe to approximately 72 million new shares in European Energy, and additionally, will purchase ar
China debuts its first methanol bunkering vessel
On January 13, 2024, China’s inaugural methanol bunkering ship, Hai Gang Zhi Yuan, embarked on its maiden voyage, following a conversion process at Zhoushan Putuo Changhong Shipbuilding Co. The ship left for Shanghai Port where it was put in operation as an integral part of Shanghai Port Clean Energ
Chevron: Diversity is the mother of all future energy mix formulas
Chevron is convinced that all energy sources will be needed in the future to meet the growing demand and ensure the security of supply.
Wallem to commercially manage BYD’s new dual-fuel PCTC
Hong Kong-based ship management group Wallem Group has partnered with Chinese electric vehicle (EV) automaker BYD by providing commercial services for its first fully chartered pure car, truck carrier (PCTC) vessel, MV BYD Explorer No. 1.