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Business Developments & Projects

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Artist's rendering of an LNG terminal
Business Developments & Projects

ExxonMobil to supply Asian markets with Canadian LNG

Canadian natural gas producer ARC Resources has entered into a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with ExxonMobil LNG Asia Pacific (EMLAP), an affiliate of the U.S. energy giant ExxonMobil. The LNG will come from a floating liquefied natural gas (FLNG) project un

about 1 year ago
Despite Turkish interference: Greece still committed to subsea power link to Cyprus
Business Developments & Projects

Despite Turkish interference: Greece stays committed to subsea power link to Cyprus

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Greece has reaffirmed its commitment to constructing a subsea power link to Cyprus following reports that the project was halted over financial and geopolitical concerns, Reuters reported. The 1,240-kilometer Great Sea Interconnector, previously known as the EuroAsia Interconnector, is envisioned to

about 1 year ago
Delfin LNG; Source: Delfin Midstream
Business Developments & Projects

‘Energy addition’ strategy in action: US hands out extension to another LNG export project

The U.S. Department of Energy (DOE) has given its fourth blessing for a liquefied natural gas (LNG) project since the return of President Donal J. Trump to the White House, prolonging the timeline to kick off LNG exports from a terminal off the coast of Louisiana, USA.

about 1 year ago
Chantiers de l'Atlantique
Business Developments & Projects

Chantiers de l’Atlantique collaborates with NAPA to flesh out digital shipyard vision

French shipbuilder Chantiers de l’Atlantique has entered a collaborative agreement with Finnish maritime software provider NAPA to enhance the efficiency of its hull design process by co-developing advanced 3D software and digital workflows.

about 1 year ago
Port of Newcastle strengthens ties with MHI to advance Clean Energy Precinct project
Business Developments & Projects

Port of Newcastle strengthens ties with MHI to advance Clean Energy Precinct project

Australia’s Port of Newcastle has signed a formal advisory agreement with Japan’s Mitsubishi Heavy Industries (MHI) to advance its Clean Energy Precinct (CEP) project.

about 1 year ago
Hudong-Zhonghua: CMA CGM’s newest LNG-powered giant wraps up sea trials
Business Developments & Projects

Hudong-Zhonghua: CMA CGM’s newest LNG-powered giant wraps up sea trials

The first of four 24,000 TEU LNG dual-fuel containerships ordered by French shipping major CMA CGM at China’s Hudong-Zhonghua shipyard has completed sea trials.

about 1 year ago
Researchers from Observatoire Océanologique de Banyuls-sur-Mer have completed the first environmental sampling mission for the French renewable energy company Solarin Blue’s Méga Sète offshore floatin
Business Developments & Projects

First environmental sampling conducted for offshore floating solar in Sète

Researchers from Observatoire Océanologique de Banyuls-sur-Mer have completed the first environmental sampling mission for the French renewable energy company Solarin Blue’s Méga Sète offshore floating solar project. According to SolarinBlue, the assessment, carried out off the coast of the Port de

about 1 year ago
Keppel buys UK subsea cable solutions provider
Business Developments & Projects

Keppel buys UK subsea cable solutions provider

Keppel Infrastructure Fund (KIF) and its co-investor have acquired a 100% stake in subsea cable solutions provider Global Marine Group (GMG) from investment affiliates of J.F. Lehman & Company, marking the fund’s first investment. The UK-headquartered GMG operates a fleet of six vessels and offers c

about 1 year ago
A jack up rig
Business Developments & Projects

Valaris jack-up reaches Angola to start new drilling job

A jack-up rig owned by offshore drilling contractor Valaris has reached its destination in Angola after traveling from the United States for over a month.

about 1 year ago
HD HHI
Business Developments & Projects

Innovation in maritime: HD HHI to begin LNG boil-off gas recycling demonstration

South Korean shipbuilder HD Hyundai Heavy Industries (HD HHI) has embarked on a project to demonstrate how to recycle evaporated gas emitted into the atmosphere during the construction of liquefied natural gas-powered ships into city gas.

about 1 year ago
Hugin A module; Source: Aker BP
Business Developments & Projects

WATCH: ‘Key’ piece of North Sea oil & gas platform ready for next stage

Drydocks World Dubai, a part of DP World, has slid the final section of a module into place for a new platform destined for deployment at an oil and gas development in the North Sea, off the coast of Norway.

about 1 year ago
An offshore platform with a vessel next to it
Business Developments & Projects

‘Significant’ hydrocarbon discovery made in Nigeria’s shallow-water field

The Nigerian National Petroleum Company (NNPC) and its compatriot joint venture (JV) partner First Exploration & Petroleum Development Company (First E&P) have made a hydrocarbon discovery in a field located in a shallow-water region off the coast of Bayelsa, Nigeria.

about 1 year ago
Algoma hits ship delivery trifecta on fleet renewal quest
Business Developments & Projects

Algoma hits ship delivery trifecta on fleet renewal quest

Canada’s shipping company Algoma Central Corporation has taken delivery of three new ships, including dual-fuel and methanol-ready product tankers, as part of its fleet modernization and diversification program.

about 1 year ago
DeepOcean, Solstad and Østensjø Rederi launch advanced, 24-meter unmanned surface vessel
Business Developments & Projects

DeepOcean, Solstad and Østensjø Rederi launch advanced, 24-meter unmanned surface vessel

DeepOcean, Solstad Offshore and Østensjø Rederi have christened and launched their advanced, 24-meter-long unmanned surface vessel (USV) Challenger, following several years of development. GONDAN Shipbuilders started the construction of the USV in March 2024, following the order from USV A/S, a join

about 1 year ago