Business Developments & Projects
Petronas marks 1,000th LNG supply via virtual pipeline
Malaysian energy giant Petronas has marked the 1,000th operation via its LNG virtual pipeline system (VPS) its regasification terminal in Pengerang, Johor.
MPS looks for micrositing survey contractor for wind and wave demo in Spain
Welsh company Marine Power Systems (MPS) is looking to appoint a micrositing survey contractor for its megawatt-scale wind and wave energy demonstrator in Spain.
Methanol is key solution for shipping decarbonisation today, research suggests
A new report addressing the reduction of emissions from the global maritime sector has verified the benefits of methanol as a marine fuel highlighting it as a key solution for decarbonisation.
Scotland’s 4.1 GW offshore wind project ready for geotechnical surveys
SSE Renewables is set to soon kick off further geotechnical survey work at the Berwick Bank Wind Farm located off the east coast of Scotland. The first phase which will include a borehole survey is planned to mobilize between 29 January and 1 February, with the completion expected by 22 February. Th
Neptune’s output from North Sea hub swells thanks to tie-backs
Oil and gas company Neptune Energy has increased production from its operated Gjøa platform in the Norwegian North Sea.
EC-OG rebrands to Verlume to better reflect clean-tech ambitions
EC-OG, a UK-based intelligent energy management and storage technologies specialist, has changed its name to Verlume to emphasize its energy transition ambitions.
Eastern Pacific bans coal as cargo on its managed fleet
Singapore-based shipping company Eastern Pacific Shipping (EPS) has decided to ban coal shipments on its commercially managed bulkers to support the energy transition.
Samsung Heavy Industries approved for onboard CCS
South Korean shipyard Samsung Heavy Industries has gained approval in principle (AiP) for its newly developed onboard carbon capture and storage (CCS) applicable to LNG-fueled vessels.
Hess swings to profit amid higher oil & gas prices
U.S. oil and gas company Hess Corporation has returned to profit in the fourth quarter of 2021, driven by higher oil and gas prices
Vår Energi puts collaboration in the spotlight for upcoming subsea contract award
Norwegian oil and gas company Vår Energi has developed a new collaboration model for suppliers of subsea equipment ahead of a new fabrication and installation contract for its entire operated portfolio. The ongoing tender for the new contract facilitates for suppliers to deliver joint solutions in a
MOL’s 700+ ships mitigating navigational risk with new monitoring solution
Shipping company Mitsui O.S.K. Lines (MOL), class society Class NK and maritime software, services and data analysis provider NAPA have jointly developed a navigational risk monitoring system.
United States grants $25 million for cutting-edge wave energy research
The U.S. Department of Energy (DOE) has awarded $25 million to eight wave energy projects that will make up the first round of open-water testing at the PacWave South test site offshore Oregon.
Equinor gets the go-ahead for drilling ops in Barents Sea
Equinor has received consent from Norway’s offshore regulator for exploration drilling in the Barents Sea, using one of Transocean’s rigs.
Deltamarin inks engineering deal for Höegh Autoliners’ multi-fuel car carriers
Finland-based ship designer Deltamarin has signed an agreement with China Merchants Industry (Jiangsu) for the design and engineering of the new series of Höegh Autoliners Aurora-class pure car & truck carriers (PCTCs).