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Business Developments & Projects

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Business Developments & Projects

AYK Energy marks battery renewal project on Svitzer’s diesel-electric tug quartet as complete

Andorra’s marine battery manufacturer AYK Energy has wrapped up a battery renewal deal for a quartet of hybrid tugs owned by Denmark-based towage service provider Svitzer. The units in question are the 33-meter-long diesel-electric tugboats presently operating at Chevron Australia’s Gorgon LNG termi

about 11 months ago

Business Developments & Projects

IBIA and INTERCARGO bolster collaboration on marine fuels and decarbonization

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IBIA and INTERCARGO have formed a partnership to reinforce collaboration on decarbonization, safety, and quality.

about 11 months ago

Business Developments & Projects

Everfuel inaugurates HySynergy, a 20 MW hydrogen production plant in Denmark

Danish green hydrogen company Everfuel has inaugurated HySynergy, its 20 MW green hydrogen production plant in Fredericia, Denmark, and sent its first supply to Germany.

about 11 months ago

Business Developments & Projects

Serica farming into Central North Sea license with FPSO tieback potential

UK’s Serica Energy has signed a farm-in agreement with Perth-based oil and gas exploration player, Finder Energy, for an interest in a license in the Central North Sea.

about 11 months ago

Business Developments & Projects

ABL chosen to back Greece’s Ionian Islands interconnector project

Energy and marine consultancy ABL has been selected to support the installation of upgraded interconnectors in Greece that are set to improve the energy resilience of the Ionian islands. ABL will act as the marine warranty survey (MWS) services provider to support Hellenic Cables’ installation of su

about 11 months ago

Noble Discoverer (former Maersk Discoverer) rig, which carried out the drilling campaign off Guyana for CGX and Frontera JV; Source: Maersk Drilling (now Noble Corporation)

Business Developments & Projects

Guyana partners strike loan deal

CGX, a Canadian-based oil and gas exploration company focused on oil exploration in the Guyana-Suriname Basin, has entered into a loan agreement with a subsidiary of Frontera Energy Corporation, its joint venture partner in a petroleum prospecting license for a block offshore Guyana.

about 11 months ago

Business Developments & Projects

SeaTech electric tugboat design clinches green light from IRS

Singapore-based maritime engineering and design company SeaTech Solutions has secured a go-ahead from the classification society Indian Register of Shipping (IRS) for its battery-electric tugboat design. As disclosed in a social media post, SeaTech received the approval in principle (AiP) for its E-

about 11 months ago

Business Developments & Projects

Industry and academia launch new maritime innovation center

Lloyd’s Register (LR) and partners launched a new center for developing and testing zero-carbon and intelligent-ship technologies.

about 11 months ago

Business Developments & Projects

EU-funded project targets next-gen ocean energy systems

The European Marine Energy Centre (EMEC) has launched the FOREST (Future Ocean Renewable Energy System Technologies) project with support from the European Commission under the Horizon Europe program. According to EMEC, the €4 million project brings together eight partners from the UK, Portugal, Spa

about 11 months ago

Business Developments & Projects

Eni and Petronas ink binding deal for ‘historic’ upstream alliance in Southeast Asia

Two oil and gas giants, Italy’s Eni and Malaysia’s PETRONAS, have signed an investment agreement to establish a regional upstream joint venture company combining some of their upstream assets in Indonesia and Malaysia.

about 11 months ago

Business Developments & Projects

Drilling job in Saudi waters on ADES rig’s agenda in January

ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has secured the green light to restart one of its offshore drilling assignments off the coast of Saudi Arabia.

about 11 months ago

Ras Laffan petrochemicals project in Qatar (aerial view); Source: CPChem

Business Developments & Projects

QatarEnergy handpicks contractor for CCS project set to decarbonize its LNG production facilities

Qatar’s state-owned oil and gas giant QatarEnergy has chosen Samsung C&T Corporation as the contractor, which will breathe life into a giant carbon capture and sequestration (CCS) project designed to serve the Persian Gulf state’s existing liquefied natural gas (LNG) production facilities.

about 11 months ago

Business Developments & Projects

Ports of Duisburg and Rotterdam strengthen green corridors partnership

German Port of Duisburg and Dutch Port of Rotterdam have signed a letter of intent (LoI) to reinforce their goal of jointly developing sustainable transport corridors via waterways as well as future-oriented initiatives for the energy transition.

about 11 months ago

Business Developments & Projects

Singapore and Korea to establish green and digital shipping corridor

Singapore and Korea have joined forces to establish Green and Digital Shipping Corridor (GDSC).

about 11 months ago