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Business Developments & Projects

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FSRU Independence; Source: Höegh Evi, former Höegh LNG
Business Developments & Projects

Ownership of FSRU deployed in Europe changes hands

KN Energies has taken possession of a floating storage and regasification unit (FSRU) working at its LNG terminal on Lithuania’s Kiaulės Nugara Island.

about 1 year ago
Illustration; Source: BOEM
Business Developments & Projects

As US steps closer to next Gulf of Mexico oil & gas round, NOIA boss urges rethink on lease sale limit

The U.S. Bureau of Ocean Energy Management (BOEM) has taken steps to set the stage for the next oil and gas leasing round to be held for offshore acreage in the Gulf of Mexico (GOM) by revealing a draft programmatic environmental impact statement (EIS) for which it is seeking public comments.

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about 1 year ago
DNV spotlights strategies for cutting FuelEU Maritime compliance costs
Business Developments & Projects

DNV spotlights strategies for cutting FuelEU Maritime compliance costs

While compliance with upcoming regulations will be expensive, applying certain strategies and measures can significantly reduce the cost, according to a new white paper from classification society DNV.

about 1 year ago
The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter.
Business Developments & Projects

New patent validates C-Power’s ocean energy technology

The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter. According to C-Power, the patent, which stems from a customer-driven design process, validates the SeaRAY technology as a unique innovation in the ocean energ

about 1 year ago
Ramform Hyperion seismic acquisition vessel; Source: TGS
Business Developments & Projects

TGS reveals new partnership and 140-day gig in Southern Atlantic

TGS has won a new deal in South Atlantic and joined forces with Blue River Analytics, creators of the Analytics for Energy (A4E) Suite on the Spotfire platform, to optimize well and production data analysis.

about 1 year ago
Two men sitting at a desk with two men standing behind them
Business Developments & Projects

Singaporean player to supply Chevron with LNG until late 2030s

Sembcorp Fuels, a wholly-owned subsidiary of Singapore’s Sembcorp Industries, has signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) with the Singaporean branch of U.S.-headquartered energy giant Chevron.

about 1 year ago
Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Business Developments & Projects

Marine energy and offshore wind projects get $18M boost from US

The U.S. Department of Energy (DOE) has allocated over $18 million for 27 research and development (R&D) projects to advance marine energy and offshore wind technologies. According to the U.S. DOE, these initiatives, which will be undertaken across 17 universities, including five minority-serving in

about 1 year ago
GSL
Business Developments & Projects

Global Ship Lease to purchase four Post-Panamax ECO boxships for $274 million

London-based containership owner Global Ship Lease (GSL) has penned a deal to purchase four high-reefer ECO 9,115 TEU containerships for an aggregate purchase price of $274 million. According to London-based data provider VesselsValue, the boxships were built by the Philippines-based Hanjin Subic sh

about 1 year ago
Danish HØST PtX Esbjerg project gains ground
Business Developments & Projects

Danish HØST PtX Esbjerg project gains ground

The Danish Environmental Agency has granted the HØST PtX Esbjerg project the primary environmental approvals – EIA approval of the project and environmental approval of the facility, marking a milestone in the project’s development.

about 1 year ago
AKOFS Seafarer; Source: AKOFS Offshore
Business Developments & Projects

$300M extension keeps AKOFS vessel busy offshore Norway

Equinor has prolonged a well intervention assignment for one of Oslo-headquartered AKOFS Offshore’s vessels on the Norwegian Continental Shelf (NCS).

about 1 year ago
A woman and a man standing and holding files with ADNOC's logo on them
Business Developments & Projects

ADNOC and Petronas firm up deal for 15 years’ worth of LNG from Ruwais

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Malaysia’s state-owned energy player Petronas for the supply of liquefied natural gas (LNG) from the Ruwais LNG plant.

about 1 year ago
Keel laid for fourth Northern Lights LNG dual-fuel LCO2 tanker
Business Developments & Projects

Keel laid for fourth Northern Lights LNG dual-fuel LCO2 tanker

German shipowner Bernhard Schulte has marked a keel laying milestone in the construction of its first LNG dual-fuel liquid CO2 (LCO2) tanker at Dalian Shipbuilding & Offshore Company (DSOC) in China.

about 1 year ago
(left to right – standing): Bernardo Xavier, operations director, Proper Marine; Guilherme Leal, engineering director, Proper Marine; (sitting) Hugo Jordao, finance & business development director, Pr
Business Developments & Projects

ABL Group to acquire Brazilian engineering firm to advance its capabilities

Norway’s ABL Group has entered into an agreement to acquire Proper Marine, a Brazilian naval architecture and engineering consultancy, with the aim of bolstering its design and engineering capabilities. According to ABL Group, the acquired company will integrate with the Norwegian company’s existin

about 1 year ago
HIF Global
Business Developments & Projects

HIF Global becomes Methanol Institute’s newest member

Trade association Methanol Institute (MI) has welcomed e-fuels company HIF Global as its newest member.

about 1 year ago