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Business Developments & Projects

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Imabari
Business Developments & Projects

Imabari Shipbuilding rolls out the red carpet for 7,000 CEU LNG-powered PCTC

Japan’s Imabari Shipbuilding has handed over a 7,000 CEU pure car and truck carrier (PCTC) powered by liquefied natural gas (LNG) to its owner. As disclosed, the vessel, which has been named Angelite Ace, was delivered at the company’s Tadotsu Shipyard on July 1. The 18,473 dwt PCTC features an over

about 1 year ago
Energy Intelligence LNG carrier; Source: Alpha Gas
Business Developments & Projects

Wärtsilä picks up lifecycle optimization job for LNG vessel duo

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Wärtsilä has landed a multi-year deal to provide enhanced operational support for two liquefied natural gas (LNG) carriers (LNGC) with Athens-based LNG management company, Alpha Gas.

about 1 year ago
NEXTCHEM wins €210M contract for low-carbon methanol project in Mexico
Business Developments & Projects

NEXTCHEM wins €210M contract for low-carbon methanol project in Mexico

NEXTCHEM has been awarded about €210 million basic engineering and critical proprietary equipment supply contract for the low-carbon methanol project, Pacifico Mexinol, located in Sinaloa, Mexico.

about 1 year ago
Courtesy of DNO
Business Developments & Projects

North Sea offtake with Norwegian player bringing more gas to ENGIE

DNO has got its hands on an offtake agreement with France’s ENGIE for its Norwegian gas production and a related offtake financing facility with a U.S. bank.

about 1 year ago
WATCH: Methanol-ready energy subsea construction vessel makes a splash in Vietnam
Business Developments & Projects

WATCH: Methanol-ready energy subsea construction vessel makes a splash in Vietnam

An energy subsea construction vessel (ESCV) being built in Vietnam for Norwegian shipping company Rem Offshore has hit the water one month ahead of schedule. Once delivered next year, the vessel will perform heavy construction work in offshore wind and subsea arenas with net-zero emissions. Followin

about 1 year ago
LNG strengthens foothold as ‘clear choice’ in alternative fuels orderbook
Business Developments & Projects

LNG strengthens foothold as ‘clear choice’ in alternative fuels orderbook

While the overall newbuild market is experiencing a slower growth rate, the alternative fuels orderbook saw a total of 151 vessel orders in the first half of 2025, with LNG dominating as the “clear fuel of choice” and accounting for more than half of the orderbook, according to data from classificat

about 1 year ago
Several people standing in line at a document signing ceremony
Business Developments & Projects

EPCC deal inked for next stage of Thailand’s third LNG terminal

Thailand’s Gulf Development Company has signed an engineering, procurement, construction, and commissioning (EPCC) contract with the PEC-CAZ Consortium for the next phase of a liquefied natural gas (LNG) terminal on the eastern coast of the Gulf of Thailand.

about 1 year ago
All inter-array cables in place at Germany’s 960 MW offshore wind farm
Business Developments & Projects

All inter-array cables in place at Germany’s 960 MW offshore wind farm

All inter-array cables have been installed at EnBW’s He Dreiht offshore wind farm in the German North Sea. Seaway7 said on July 1 it completed the installation of the last inter-array cable, connecting the 13th and last string of the He Dreiht project to the BorWin epsilon converter platform, part o

about 1 year ago
South Korean partners conduct ‘world’s first’ LNG boil-off gas recycling demo
Business Developments & Projects

South Korean partners conduct ‘world’s first’ LNG boil-off gas recycling demo

South Korean conglomerate HD Hyundai and compatriot classification society Korean Register (KR) have revealed the completion of what is claimed to be the world’s first demonstration of a technology that recycles boil-off gas (BOG) from LNG-fueled ships under construction into onshore city gas.

about 1 year ago
FPSO Maria Quitéria; Source: Yinson Production
Business Developments & Projects

Yinson issues ‘largest-ever’ FPSO project bond to refinance Brazilian unit

Malaysia’s Yinson Production, a subsidiary of Kuala Lumpur-based energy infrastructure and technology company Yinson, has placed a bond for a floating, production, storage, and offloading (FPSO) unit working at an oil field in the pre-salt Campos Basin offshore Brazil.

about 1 year ago
Newly formed Houston firm sheds subsea tree business to focus on core product lines
Business Developments & Projects

Newly formed Houston firm sheds subsea tree business to focus on core product lines

Innovex International, a Houston-based provider of products and technologies to the oil & gas industry, established in 2024 by the merger of Dril-Quip and Innovex Downhole Solutions, has completed the divestment of its Subsea Tree product line to compatriot Trendsetter Engineering in an all-cash tra

about 1 year ago
NAGA 5 rig; Source: Velesto
Business Developments & Projects

15-well drilling campaign in Malaysian waters goes to Velesto rig

Velesto Drilling, a subsidiary of Velesto Energy, has won a new multi-well drilling assignment for one of its jack-up rigs off the coast of Malaysia, Southeast Asia.

about 1 year ago
SolarDuck's interconnected Offshore Floating Solar Platforms at the MARIN Offshore Basin
Business Developments & Projects

SolarDuck tests interconnected offshore floating solar platforms in scaled MARIN trials

Dutch-Norwegian firm SolarDuck has completed a test campaign at the Maritime Research Institute Netherlands (MARIN), involving 54 interconnected offshore floating solar platforms, with a real-world capacity of approximately 6 MWp (megawatt peak). According to SolarDuck, this marks the company’s thi

about 1 year ago
In response to higher demands for security, test bed for protecting critical infrastructure opens in Norway
Business Developments & Projects

In response to higher demands for security, test bed for protecting critical infrastructure opens in Norway

In response to an increasing need for safeguarding critical maritime infrastructure due to ongoing geopolitical uncertainty and an increasingly dynamic risk picture, Norway’s KONGSBERG has opened a maritime test bed for protecting potentially vulnerable infrastructure such as subsea pipelines, power

about 1 year ago