Business Developments & Projects
With amendments in place, funding solution secured for UK North Sea gas project
Hartshead and RockRose have reached an agreement to amend the farm-out agreement and joint operating agreement (JOA).
Global OTEC partners up with 2H Offshore to advance OTEC tech
Global OTEC and 2H Offshore have signed an agreement to combine their expertise and accelerate development of floating ocean thermal energy conversion (OTEC) technology.
TGS and PGS shareholders back merger to create ‘premier energy data’ player
PGS has made progress in its merger with TGS after shareholders of both companies threw their support behind the merger in a bid to establish a stronger and more diversified geophysical company and data provider to the energy value chain.
Green corridor surge: initiatives soar to 44, doubling from last year’s count
The number of green corridor initiatives around the world went from 21 to 44 over the past year, according to the findings of the 2023 Annual Progress Report on Green Shipping Corridors released by the Global Maritime Forum. The report finds that there is a ‘substantial maturation’ among existing co
COSCO Shipping licensed to construct GTT’s systems for offshore LNG units
French LNG containment specialist GTT and Chinese shipyard COSCO Shipping (Qidong) Offshore, a subsidiary of shipping and logistics company COSCO Shipping, have signed a technical assistance and license agreement (TALA) for the construction of GTT membrane containment systems. Specifically, this agr
Methanol-ready Mein Schiff 7 launched in Finland
Mein Schiff 7, a methanol-ready cruise ship ordered by Hamburg-based cruise company TUI Cruises, has been launched in Finland.
Plans for hydrogen development at Dogger Bank D gain ground
Dogger Bank D, the potential fourth phase of the world’s largest offshore wind farm under construction, Dogger Bank Wind Farm, has awarded contracts to engineering consultants to support the feasibility and optimization of a large-scale green hydrogen development option on the project. SSE Renewable
Fincantieri boosting offshore and subsea sectors’ growth with new acquisition
Italian shipbuilding giant Fincantieri has set forth the main terms and conditions for the acquisition of 100% shares of Remazel Engineering.
Maersk Tankers reveals mega order for up to 10 very large ammonia carriers
Tanker operator Maersk Tankers has confirmed that it has ordered up to ten very large ammonia carriers (VLACs) at Hyundai Samho Heavy Industries in Korea. The order has been placed by an affiliated company of Maersk Tankers, validating previous media reports. As disclosed, Japanese company Mitsui &
Vopak becomes 50% shareholder in EemsEnergy Terminal
Dutch tank storage company Vopak and compatriot energy network operator Gasunie have completed the principle agreement whereby Vopak becomes a 50% shareholder in EemsEnergy Terminal, an LNG import terminal in Eemshaven in the Netherlands. Vopak and Gasunie announced the principle agreement in April
Denmark and USA to explore development of green corridors in the Global South
The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, the U.S. Department of State, the U.S. Department of Energy, and the Danish Government have joined forces to resource and execute pre-feasibility studies for green corridors in five countries in the Global South, as announced on Friday at C
Pertamina and Karpowership forge LNG and alternative fuels alliance
Indonesia’s PT Pertamina International Shipping (PIS), a subsidiary of PT Pertamina (Persero), and Turkey’s Karpowership have formalized a general partnership agreement (GPA) to develop sustainable energy infrastructure in Indonesia. Under the GPA, which was formalized during the COP28 in Dubai on F
COP28 brings ‘historic’ action as 50 oil & gas players pen decarbonization charter
A global decarbonization charter, inked by 50 oil and gas firms to speed up climate action, will have a high-scale impact within the industry.
EU-Catalyst Partnership to back Ørsted’s FlagshipONE e-methanol project
Danish energy company Ørsted has secured support from the EU-Catalyst Partnership, which consists of the European Commission (EC), Breakthrough Energy Catalyst, and the European Investment Bank (EIB), for its FlagshipONE project, also known as Europe’s largest e-methanol plant. On December 1, at COP