Business Developments & Projects
Wallenius Wilhelmsen pens deal for up to 12 methanol and ammonia-ready newbuilds
Oslo-listed RoRo vessel operator Wallenius Wilhelmsen ASA has signed a letter of intent for delivery of four 9,350 CEU methanol-capable and ammonia-ready vessels and individual options for an additional eight car carriers. The four vessels are set for delivery from mid-2026 and onwards by China’s Ji
WATCH: EPS, GCMD and GoodFuels team up on third biofuel supply chain trial
The Global Centre for Maritime Decarbonisation (GCMD) has bunkered the third supply chain of a biofuel blend as part of its pilot to develop a quality, quantity and GHG abatement assurance framework for drop-in green fuels. Partnering with Singapore-based tonnage provider Eastern Pacific Shipping (E
WATCH: BP’s $6 billion project closer to first oil as topsides sail away and installation works wrap up
BP is closing in on first oil from its Azeri Central East (ACE) project in Azerbaijan by completing the topsides sailaway and installation.
Oman LNG strikes 4-year supply deal with Germany’s SEFE
Oman LNG has signed a binding term-sheet agreement with German Securing Energy for Europe (SEFE) to supply 0.4 million metric tons per annum (mtpa) of LNG starting from 2026. According to a report from the Omani state news agency, the agreement, based on a 4-year contract, aims to enhance the partne
With the oil transfer completed, the final destination of FSO Safer remains unknown
The successful completion of the oil transfer operation from the FSO Safer marks a significant milestone in averting a potential environmental and humanitarian catastrophe in the Red Sea. However, the mission is far from over, as the next crucial steps involve making a decision that would ensure the
NKT receives Baltic Power export cable order
After working on finalising the agreement for export cables for the Baltic Power offshore wind farm in Poland this summer, the cable supplier NKT has now signed the order for the Polish project. In June, NKT said it was finalising the contract with Baltic Power, the joint venture the Polish PKN Orle
Fugro delivers first-ever remotely operated subsea inspection in the Middle East
Fugro has carried out what is said to be the first-ever remotely operated subsea inspection using an uncrewed surface vessel (USV) in the Middle East. Having commissioned the region’s first-ever government-licensed USV in early 2023, Fugro has now carried out its first USV operation for a client in
VesselsValue: Tankers lead the demolition charge
Tankers took the lead in the demolition market, comprising approximately 43% of all scrapped cargo vessels in 2022, according to insights from VesselsValue. Despite this dominance, the number of tankers scrapped actually decreased by 55% YoY, dropping from 123 in 2021 to 55 in 2022. In comparison, t
Portsmouth Port powers up with solar
Portsmouth International Port has completed the installation of its new solar and battery system which is now fully operational. The system is comprised of 2,660 solar panels, providing an impressive 35% of the site’s electricity, enabling the port to move one step closer to becoming one of the UK’s
El Musel LNG terminal welcomes first commercial ship
Energy major Enagás has announced that the El Musel LNG terminal in Gijón, Spain, has received power major Endesa’s first vessel, the 180,000 m3 capacity Gaslog Warsaw, following the final technical tests required before the plant’s commercial commissioning. According to Enagás, on 31 July, followin
Equinor gearing up to drill North Sea prospect with Transocean rig
Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
Denmark postpones second tender for offshore CO2 storage licenses
The Danish Energy Agency has postponed the second tender round for the award of offshore CO2 storage licenses in the North Sea. The tender was set to open on 15 August according to the executive order on CO2 storage license tenders. In line with the Agreement on the framework for CO2 storage in Denm
Underwater life surveys completed for two multi-gigawatt Baltic Sea offshore wind projects
OX2 and Finland’s Ålandsbanken Fondbolag have completed underwater nature field surveys of two of its Noatun offshore wind projects near Åland in the Baltic Sea. The project team said it has used innovative methods to explore the underwater environment where the Noatun Norra (Noatun North) and Noatu
QED Naval eyes tidal resources on UK South Coast with new base
Scottish marine energy company QED Naval has established an operations base on the UK’s South Coast with the aim of pursuing tidal resources in the area. QED, as part of its EU Interreg Tiger Project, established an operations base at Langstone Harbour, near Portsmouth, to tap into what it says are