Business Developments & Projects
Freeport East could play a key role in hydrogen-enabled shipping corridors, study shows
Freeport East, one of eight new Freeports in England covering an area within roughly 45 kilometers of the ports of Felixstowe and Harwich, holds the potential to become a key player in the development of hydrogen-enabled green shipping corridors as well as decarbonization of transport, a new study s
Commercial volumes not present in new gas discovery off Norway
OMV has made a new gas discovery at an exploration well in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.
New milestone for Seadrill rig
Seadrill has tucked a new milestone under its belt, thanks to the installation of a controlled mud level (CML) system on one of its rigs.
JERA invests in CO2 capture and hydrogen storage tech company
Japan’s energy major JERA, through JERA Ventures, has invested approximately £1 million ($1.24 million) in Immaterial, a UK company that aims to accelerate the energy transition with its CO2 capture and hydrogen storage technologies. JERA said it will support startup growth and cocreation by offerin
MPA Singapore, Port of Rotterdam & partners set sights on 30 pct emission reduction by 2030
The Maritime and Port Authority of Singapore (MPA), the Port of Rotterdam (PoR) and 20 partners in the Green & Digital Shipping Corridor are working to reduce 20% to 30% of emissions from international shipping by 2030. This was agreed at the third Green Corridor workshop, held this week in Rotterda
Lepta Shipping, MOL, and Union Maritime lead the pack with new orders
Japanese shipping company Lepta Shipping, a joint venture between Nissen Kaiun and Mitsui & Co., has placed an order for the construction of four 40,000 cbm LPG carriers with Jiangsu Yangzijiang Shipbuilding Group, one of China’s prominent shipbuilders. The LPG carriers are slated for delivery betwe
DSIC taps GTT for tank design of three new LNGCs
French LNG containment specialist GTT has received an order from the Chinese shipyard Dalian Shipbuilding Industry (DSIC) for the tank design of three new liquefied natural gas carriers (LNGCs), on behalf of China Energy. GTT said it will design the tanks of the three vessels, which will each offer
Argeo on its way to have most advanced AUV fleet with latest expansion plan
Marine survey contractor Argeo has signed a letter of intent (LoI) with Kongsberg for a purchase agreement for three additional Hugin autonomous underwater vehicles (AUVs). With the purchase, Argeo said it will have the world’s most advanced AUV fleet. Argeo plans to purchase two Hugin Superior AUVs
Eleven arrested after activists expressed their ire over arrival of TotalEnergies’ FSRU in France
After a FSRU, chartered by TotalEnergies, arrived in France, climate activists took steps to express their dissatisfaction with its arrival.
Gen2 Energy acquires general building permit for its Mosjøen hydrogen plant
Green hydrogen company Gen2 Energy has received a general building permit from Vefsn municipality for the hydrogen plant and the associated administrative building in Mosjøen, Norway. Gen2 Energy said the permit now opens up opportunities to proceed with the realization of the large-scale green hydr
Belgium’s CMB lifts option for ammonia-powered Capesize duo
Belgium-based shipping company Compagnie Maritime Belge (CMB) has exercised an option for the construction of two 210,000 dwt bulkers at China’s Qingdao Beihai Shipbuilding Heavy Industry, adding to its already massive orderbook at the yard. Namely, CMB already has ten 210,000 dwt bulkers under cons
New global initiative aiming to transform net zero hydrogen production
Cranfield University has announced it is leading the UK’s collaboration on an international partnership, the Global Hydrogen Production Technologies Center (HyPT), to make low-cost, large-scale, net zero hydrogen production a reality. The HyPT is a £14.1 million ($17.45 million) five-year project wh
DOF awarded extension of ‘large’ subsea service contract
Shortly after winning three contracts worth over $260 million, DOF Group secured an extension of what it described is a “large subsea service contract”. DOF reported on 19 September it had signed a letter of intent (LOI) with a “major oil company” for a one-year contract extension in the Atlantic re
BP picks interim CFO
BP has appointed an interim Chief Financial Officer (CFO), after moving its previous CFO to the interim Chief Executive Officer (CEO) role.