Business Developments & Projects
Grieg Green invests in maritime lifecycle analysis firm
Norwegian ship recycling expert Grieg Green has acquired a majority stake in ReFlow, a Danish lifecycle analysis provider.
BP tucks oil production milestone under its belt at Caspian Sea platform
BP has achieved 1 billion barrels of total oil production from its operated platform in the Caspian Sea off the coast of Azerbaijan.
NYK CEO warns: Post-cold war international order unsustainable, signalling uncharted waters ahead
The maritime industry stands at the nexus of geopolitical intricacies, grappling with unprecedented challenges that demand astute navigation and strategic foresight. The latest attacks in the Red Sea against merchant ships come on the back of a series of black swan events, each more intricate and ch
Huisman: Translating digitalization to added value for customer is essential
“A lot of people talk about digitalization, but digitalization is not a purpose in itself, but it can be an enabler to meet changing customer demands,” said Maaike de Rover, Program Manager Digitalization, Huisman. During the Huisman session at the Offshore Energy Exhibition & Conference (OEEC) 2023
MOL pens charter contract with Yara for ammonia carrier
Japanese shipping company Mitsui O.S.K. Lines, Ltd. (MOL) has signed a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland, a group company of Yara International ASA, the world’s largest nitrogen fertilizer manufacturer. The 2010-built vessel was delivered
As its CEO steps down, Ithaca picks interim one
Ithaca Energy has decided to appoint an interim Chief Executive Officer (CEO) until its search for a new one can be completed, following the resignation of its current CEO.
The entire energy transition needs metals increasingly, says Allseas’ Pieter Heerema
To combat climate change, the energy mix must shift from a mix that is dominated by fossil fuels, oil & gas, coal, to an energy mix that depends more on clean energy production methods. The good thing is that everyone is committed to achieving this goal. The challenge that comes with this is that a
Oil & gas alongside green and low-carbon energy: Will such a compass lead the world astray or steer it in the right direction?
Should the world aim for a balancing act to satisfy both energy security and green future aspirations or pick just one?
Axios II LNG carrier joins Capital Product Partners’ fleet
Capital Product Partners L.P. has taken delivery of the LNG Carrier Axios II as part of its umbrella deal covering the acquisition of 11 newbuild liquefied natural gas carriers. The vessel was built by Hyundai Heavy Industries and delivered in January 2024. The dual-fuelled LNG carrier is fitted wit
Avenir LNG inks charter deals for two LNG bunkering vessels
UK-based small-scale LNG company Avenir LNG has executed time charter agreements for LNG bunkering vessels Avenir Advantage and Avenir Accolade. Future Horizon, a joint venture between Avenir and MISC, signed a new two-year time charter agreement for Avenir Advantage with PETCO Trading Labuan Compan
Britain’s port becoming ‘main’ marine support hub for development of giant oil & gas field
Lerwick Harbour, situated at the crossroads of the North Sea and North-east Atlantic, has been tasked with servicing Equinor’s first development phase of a controversial oil and gas field located on the UK Continental Shelf (UKCS).
First DC connection between Europe and North Africa gets €45 million from EIB
Elmed, set to become the first direct current (DC) connection between Europe and North Africa, has secured €45 million in funding from the European Investment Bank (EIB). The €921 million project concerns the implementation of an HVDC link interconnecting Tunisia and Italy across the Strait of Sicil
Port of Trelleborg teams up with ENERCON to harness wind for green power
The Port of Trelleborg has inked a deal with German wind power company ENERCON for the construction of two 120-meter-high wind turbines. This move aligns with the port’s ambitious plan to become a major energy hub, ensuring self-sufficiency in energy production for its future needs, including shore
Tidal energy has potential to provide 11% of UK’s electricity demand, analysis says
Tidal energy has the potential to provide 11.5 GW to the UK energy system, 11% of the UK’s electricity demand, and tidal stream projects could contribute up to £17 billion to the UK economy by 2050, according to Offshore Renewable Energy (ORE) Catapult and Imperial College London (ICL). In 2022, ORE