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PSV Energy Empress; Source: Golden Energy Offshore Services (GEOS)

Business Developments & Projects

Norwegian shipowner bids farewell to two vessels

Norwegian vessel owner and operator Golden Energy Offshore Services (GEOS) has struck deals to divest two platform supply vessels (PSVs) from its fleet.

about 8 months ago

Business Developments & Projects

Dutch chemical tanker operator orders wind-assisted propulsion for two more vessels

Following the commissioning of the “world’s first” chemical tanker equipped with sails in 2024, Dutch chemical tanker operator Chemship has placed a new order with compatriot wind propulsion firm Econowind for the installation of wind-assisted ship propulsion technology on two additional vessels. Th

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about 8 months ago

Wärtsilä 25 Ammonia solution will be fitted onto a new Skarv Shipping cargo vessel; Source: Wärtsilä

Business Developments & Projects

Upping green shipping ante: First newbuild vessel to run on Wärtsilä’s ammonia engine

Wärtsilä has found a first home for its ammonia engine, which will power a new cargo vessel in Norway-based Skarv Shipping Solutions’ fleet, advancing the ship’s decarbonization arsenal and enriching the maritime industry’s green toolbox.

about 8 months ago

Business Developments & Projects

First LNG cargo from Australia’s huge gas project on its way to Japan

Australian energy player Santos has achieved the first liquefied natural gas (LNG) cargo from its gas project off the coast of Australia’s Northern Territory, which is now en route to Japan.

about 8 months ago

Business Developments & Projects

Deal signed to progress cross-border Baltic Sea CCUS initiative

A UK-Swedish partnership has been established to advance a cross-border carbon capture, utilization and storage (CCUS) initiative designed to accelerate industrial decarbonization across the Baltic Sea region. Under a memorandum of understanding (MoU), the UK’s Progressive Energy and Swedish Pipe58

about 8 months ago

Illustration of FPSO with full scale (100 MW) SOFC installation with integrated carbon capture; Source: MODEC

Business Developments & Projects

MODEC lays the groundwork for zero carbon FPSOs with partnership set on low-carbon offshore power solution

Japan’s MODEC has joined forces with Eld Energy, a Norwegian fuel cell system company, to pursue a scalable multi-MW power system for floating production, storage, and offloading (FPSO) units to enable them to fully run on zero-carbon power.

about 8 months ago

Business Developments & Projects

UK, German TSOs unveil plan for 2 GW offshore wind interconnector

UK’s National Grid and TenneT Germany will together develop a multi-purpose interconnector designed to connect offshore wind generation in Britain and Germany to both countries’ electricity systems, the companies said on January 26. The interconnector, called GriffinLink, could link up to 2 GW of of

about 8 months ago

Man with a hardhat with words "Chevron" on it with an offshore rig in the background

Business Developments & Projects

Chevron’s drilling ops in Nigerian waters lead to new hydrocarbon discovery

Chevron Nigeria Limited (CNL), a subsidiary of the U.S.-headquartered Chevron and the operator of the Nigerian National Petroleum Company (NNPC)/CNL joint venture, has made a new hydrocarbon discovery off the coast of Nigeria, Africa.

about 8 months ago

EU flag; Credit: Adrijana Buljan, Editor-in-Chief at offshoreWIND.biz, Offshore-Energy.biz's sibling site

Business Developments & Projects

EU endorses ban on Russian pipeline gas and LNG imports

In a move to wean itself completely off Russian oil and gas imports, the European Union (EU) has given the green light for a ban on imports of pipeline gas and liquefied natural gas (LNG), with oil expected to follow suit in 2027.

about 8 months ago

Business Developments & Projects

Subsea cable firm XLCC relaunches as Aquora, focuses on installation first

UK-based XLCC has rebranded and relaunched as Aquora, with a focus on cable installation and manufacturing to address the “critical demand” for high-voltage cable supply in the UK and Europe. Aquora will focus first on installation, utilizing a new, UK-flagged cable-lay vessel (CLV), which will also

about 8 months ago

Officials at the Coral Norte FLNG launching ceremony at Samsung Heavy Industries' Geoje Shipyard; Source: SHI

Business Developments & Projects

Eni secures multimillion-dollar loan for African FLNG project

The board of directors of the African Development Bank has signed off on a loan for a second floating liquefied natural gas (FLNG) project, which Italy’s energy giant Eni will develop in the supergiant Rovuma basin off the coast of Mozambique, Africa.

about 8 months ago

A jackup rig being transported on a vessel

Business Developments & Projects

African field days away from flipping oil production switch on almost 30 years after shutdown

Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has updated its timeline for bringing back online an oil field off the coast of Benin that ceased production due to low oil prices in the late 1990s.

about 8 months ago

Business Developments & Projects

Nuclear-powered vessels are achievable, Norwegian-led study confirms

Nuclear-powered DP vessels are a technically feasible solution and are achievable, the Nuclear Propulsion in merchant Shipping (NuProShip II) study has confirmed. The NuProShip II project, funded by the Research Council of Norway, demonstrates the technical feasibility of nuclear-powered DP vessels,

about 8 months ago

Business Developments & Projects

Italian firm dips its toes into LNG market by joining 25 mtpa project in Louisiana

Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, has made its first foray into the liquefied natural gas (LNG) market with a strategic deal with Argent LNG, a U.S.-based energy company dedicated to developing LNG export solutions, to participate a

about 8 months ago