Business Developments & Projects
Euronav, Cargill, and Chevron vow to adopt vessel optimization strategies at GMF summit
Industry giants Chevron, Euronav, and Cargill have announced their joint operational efficiency ambition statement as part of the Global Maritime Forum Annual Summit in Athens. Under the ambition, the trio committed to adopt vessel optimization strategies that can decrease annual fuel consumption by
Wagenborg’ latest EasyMax vessel splashed at Royal Niestern Sander
Royal Wagenborg’s EasyMax 3 vessel has hit the waters at the Royal Niestern Sander shipyard Farmsum, Netherlands. With a cargo capacity of more than 14.000 tonnes and a hold capacity of 625.000 cbft, the Easymax vessel type is the latest series in the company’s fleet. With an installed power of less
Maersk seals world’s 1st methanol dual-fuel conversion project with Chinese shipbuilder
Danish container shipping heavyweight Maersk has signed its first methanol dual-fuel conversion project with Chinese shipbuilder Zhoushan Xinya Shipbuilding Co. The momentous deal, inked during a special ceremony held on October 18, 2023, signifies the inception of the world’s maiden containership m
In focus: Hydrogen and CCS – silver bullet or cog in energy transition machine?
As the world turns its attention toward a new/old conflict arising in the Middle East, offshore energy players are seeking new ways to curb climate change and bring us closer to a mellifluous cleaner, greener future. The energy transition process is moving ahead with each passing day but there is no
Harland & Wolff wins £61 million contract for FPSO mid-life upgrade
Harland & Wolff has secured a £61 million contract with Canadian oil and natural gas company Cenovus Energy for the mid-life upgrade of a floating production storage and offloading (FPSO) vessel. The SeaRose FPSO vessel is expected to arrive at the Harland & Wolff Belfast Yard in early 2024 and will
Maersk adds Swiss renewable methanol producer to its low-carbon fuel portfolio
Maersk Growth, the venture arm of Danish shipping giant A.P. Moller-Maersk, has added Switzerland-based cleantech and engineering company Methanology AG to its low-carbon fuel portfolio. Methanology focuses on developing technologies capable of producing large quantities of renewable methanol using
The Insight Partners: Green hydrogen market to grow to $88 billion by 2030
According to the “Green hydrogen market forecast to 2030 – COVID-19 impact and global analysis – technology (alkaline electrolysis and PEM electrolysis), renewable source (wind energy, solar energy and others), end-use industry (chemical, power, food & beverages, medical, petrochemicals and others)
First tidal energy site in Wales gets an official launch
The first minister of Wales Mark Drakeford has officially opened the substation linked to Morlais tidal energy site on Anglesey in Wales.
WATCH: Wallenius Wilhelmsen tests new hull of Orcelle Wind before approaching shipyards
Wallenius Wilhelmsen and its project partners are working diligently on the development of the Orcelle Wind, an innovative wind-powered Pure Car Truck Carrier. Namely, parallel to the production of the first wing prototypes, the company is also working on the fine-tuning of the vessel design. The Al
North Sea oil project comes on stream ahead of schedule
Norway’s state-owned energy giant Equinor has brought on stream the Breidablikk field in the Norwegian sector of the North Sea four months ahead of schedule. The Breidablikk field, which commenced production on October 20, holds almost 200 million barrels of recoverable oil. Its plateau production i
Kraken Robotics bags $3 million boulder detection contract
Kraken Robotics has received a $3 million contract to carry out boulder detection subsea survey services as part of an offshore wind farm project in Europe. The survey campaign will be executed in the fourth quarter of 2023 with Kraken’s Acoustic Corer technology providing high-resolution 3D imaging
Aker BP and Odfjell Technology ink $9 million contract
Norwegian oil and gas player Aker BP has awarded Odfjell Technology with a frame agreement for the provision of heating, ventilation, air conditioning, and refrigeration (HVAC+R) engineering and maintenance services. The agreement encompasses all of Aker BP’s existing assets, including Ula, Valhall,
ORLEN adds two new LNG carriers to its fleet
Poland’s ORLEN Group is expanding the company’s presence in the global liquefied natural gas (LNG) market with two new fleet additions, LNG carriers (LNGCs) named ‘Saint Barbara’ and ‘Ignacy Łukasiewicz.’ LNG carrier ‘Saint Barbara’ pays homage to the patron saint of miners, oil and gas workers, whi
Minesto widens interim loss
Swedish tidal energy developer Minesto has reported an increase in net loss for the first nine months of fiscal year 2023, compared to the same period a year earlier.