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Business Developments & Projects

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Royal Wagenborg
Business Developments & Projects

Royal Wagenborg hits next construction stage for sixth EasyMax multipurpose vessel

Dutch shipowner Royal Wagenborg has marked a new milestone in the construction of its sixth 14,000 dwt energy-efficient EasyMax multipurpose vessel. As divulged, in the first stretch of September, the bow section of the ship—which is being built by compatriot shipyard Royal Niestern Sander—was trans

about 1 year ago
Valaris DS-12 drillship; Source: Valaris
Business Developments & Projects

BP’s dash for gas: Five-well drilling campaign on Mediterranean’s horizon

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BP has taken steps to expand its natural gas arsenal in the Mediterranean Sea by striking a deal with Egypt for a multi-well drilling campaign, which is expected to yield new finds that will prolong the lifespan of existing production facilities in the West Nile Delta.

about 1 year ago
With right moves, Kenya to unlock competitive e-fuels production for maritime sector
Business Developments & Projects

With right moves, Kenya to unlock competitive e-fuels production for maritime sector

Owing to abundant wind, solar, and geothermal resources, Kenya is poised to establish competitive production of e-fuels, with the potential to supply domestic and international maritime demand, a new report by the Global Maritime Forum (GMF) highlighted.

about 1 year ago
Rendering of an LNG terminal at night
Business Developments & Projects

EQT’s LNG market momentum grows with new US supply deal

Pittsburgh-based EQT Corporation has signed a long-term sale and purchase agreement (SPA) with Commonwealth LNG, a firm controlled by the energy-focused alternative investment manager Kimmeridge, for liquefied natural gas (LNG) from the latter’s export facility under development on the Gulf Coast ne

about 1 year ago
EPS
Business Developments & Projects

Eastern Pacific Shipping receives eco-friendly VLGC from Samsung Heavy Industries

Singapore-based shipowner Eastern Pacific Shipping (EPS) has taken delivery of an environmentally friendly very large gas carrier (VLGC) from South Korea’s shipbuilding heavyweight Samsung Heavy Industries (SHI). As disclosed in a social media post, the vessel—christened Rosablanche—was handed over

about 1 year ago
Floating solar, source: Ciel & Terre
Business Developments & Projects

France adds 20 MWp floating solar at former gravel pit site (Video)

Solar power producer Generale du Solaire and French floating solar company Ciel & Terre EMEA have commissioned a 20 MWp floating solar plant in Leutenheim, France, which the company described as the first of this scale in the region. Built on a former gravel pit, the installation was completed in fo

about 1 year ago
VARD cuts steel for Taiwan-bound subsea construction vessel
Business Developments & Projects

VARD cuts steel for Taiwan-bound subsea construction vessel

Norway’s VARD has cut the first steel for an offshore subsea construction vessel (OSCV) it is building for Taiwan-based Dong Fang Offshore (DFO). The 121.3-meter-long vessel of VARD 3 39 design is said to be a highly versatile platform designed and equipped for subsea operation duties, offshore wind

about 1 year ago
Montreal
Business Developments & Projects

DP World, MPA team up on Contrecœur container terminal development

As part of the Canada’s Port of Montreal expansion project in Contrecœur, the Montreal Port Authority (MPA) and terminal operator DP World in Canada, a joint venture between DP World and La Caisse, have entered into a joint development agreement for the design of the land-based works of the future c

about 1 year ago
FPSO Polvo; Source: BW Offshore
Business Developments & Projects

Brazilian oil field’s story unfolds: Rig lease and multimillion-dollar financing of FPSO revamp in place

Oslo-listed oil and gas E&P player BW Energy has moved forward with its plans for an oil field in the Campos Basin off the coast of Brazil, thanks to the completion of financing for the refurbishment of a floating production, storage, and offloading (FPSO) unit and a short-term lease of a developmen

about 1 year ago
Illustration; Source: ADNOC Gas
Business Developments & Projects

$250M investment in sight as ADNOC Gas secures global index spot

The shares of ADNOC Gas, a subsidiary of the UAE’s Abu Dhabi National Oil Company (ADNOC), are set to be included in the international equity index FTSE Emerging Index, which is part of the FTSE Russell Global Equity Index Series (GEIS).

about 1 year ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business Developments & Projects

Gulf Coast LNG project’s Train 5 closer to FID as ConocoPhillips signs up for 20-year offtake

ConocoPhillips has struck a multi-year liquefied natural gas (LNG) deal with Houston-headquartered NextDecade Corporation, enabling the operator to secure sufficient commercial agreements for a positive final investment decision (FID) on the fifth train at its LNG export project in Texas, United Sta

about 1 year ago
Eco Wave Power's wave energy floaters
Business Developments & Projects

Eco Wave Power switches on first US wave energy pilot at LA Port

Wave energy developer Eco Wave Power has inaugurated the first U.S. onshore wave energy pilot station at the Port of Los Angeles, marking the operational debut of its technology in the country. According to Eco Wave Power, seven blue steel floats, installed at AltaSea’s ocean institute on a section

about 1 year ago
new report
Business Developments & Projects

Methanol Institute and Saudi Arabia join forces to advance maritime sustainability

Trade association Methanol Institute (MI) and Saudi Arabia’s Transport General Authority (TGA) have signed a memorandum of understanding (MoU) to advance maritime safety and sustainability.

about 1 year ago
HD Hyundai
Business Developments & Projects

HD Hyundai moves forward with smart shipyard project

South Korean shipbuilding conglomerate HD Hyundai is accelerating the creation of an integrated platform for design and production integration to accomplish a smart shipyard, as it has selected preferred negotiating partners.

about 1 year ago