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Business Developments & Projects

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ABS delves into potential of nuclear propulsion on LNG carrier
Business Developments & Projects

ABS delves into potential of nuclear propulsion on LNG carrier

Classification society American Bureau of Shipping (ABS) has released a new report highlighting the potential of nuclear technology in the maritime industry through a study of a small modular reactor (SMR) on a standard LNG carrier. The study modeled by ABS and Herbert Engineering Corporation (HEC)

about 2 years ago
Petrobras keeps Baker Hughes busy with additional order for flexible pipe systems
Business Developments & Projects

Petrobras keeps Baker Hughes busy with another order for flexible pipe systems

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Brazil’s state-owned energy giant Petrobras has awarded additional contracts to energy technology company Baker Hughes for the delivery of flexible pipe systems and associated services across several pre-salt fields. As part of an agreement signed on October 15 following an open tender, the multi-ye

about 2 years ago
EverLoNG concludes second carbon capture demonstration onboard LNG-powered ship
Business Developments & Projects

EverLoNG concludes second carbon capture demonstration onboard LNG-powered ship

The EverLoNG project, an initiative aiming to encourage the uptake of ship-based carbon capture (SBCC) by trialing its use onboard LNG-fueled ships, has completed the second demonstration campaign on Heerema Marine Contractors’ LNG-powered crane ship Sleipnir. The demonstration campaign began in Jun

about 2 years ago
Illustration; Source: Chevron
Business Developments & Projects

Isle of Man-based oil & gas firm passes the operator baton to Chevron for offshore block in Uruguay

Challenger Energy Group (CEG) has wrapped up the divestment of a majority stake in a shallow water exploration block off the coast of Uruguay. As a result, Chevron Uruguay Exploration, a wholly-owned subsidiary of the U.S.-based energy giant Chevron, is the block’s new operator.

about 2 years ago
Terry Allan, CEO at nexos; Source: nexos
Business Developments & Projects

Op-ed: Different rules, same game – Thinking differently about UK’s energy future

Terry Allan, CEO of Aberdeen-headquartered nexos, delves into the intricate complexities of the energy industry’s version of a high-stakes poker game in the United Kingdom (UK).

about 2 years ago
Peru LNG terminal; Source: PLNG
Business Developments & Projects

EIG-managed LNG player ups its stake in South America’s first LNG export terminal

EIG’s MidOcean Energy has boosted its interest in an LNG export plant, which is described as the inaugural facility of this type in South America, located in Pampa Melchorita, 170 kilometers south of Lima, Peru.

about 2 years ago
Panama
Business Developments & Projects

Despite fewer deep-draft transits, Panama Canal sails steady

Despite the climate challenges experienced during 2023 and 2024, the Panama Canal closed FY2024 with a total revenue of 4.99 billion PAB (approximately $4.89 billion), around 209 million PAB above budget and 18 million PAB more than the previous year. Getting into the fine print: the results up clos

about 2 years ago
Aerial image of LNG project in Puerto Rico; Source: FERC
Business Developments & Projects

Mexican LNG cargo on the way to Puerto Rico as US player seeks to keep its import and regasification terminal open for business

New Fortress Energy (NFE) has wrapped up another liquefied natural gas (LNG) cargo loading at its floating LNG (FLNG) unit off the coast of Altamira, Mexico. This cargo is destined for the firm’s LNG import and regasification facility in Puerto Rico, which the U.S. firm is interested in continuing t

about 2 years ago
BASF and AM Green enter non-binding green ammonia offtake deal
Business Developments & Projects

BASF and AM Green enter non-binding green ammonia offtake deal

German BASF and Indian AM Green have signed a non-binding letter of intent (LoI) for the offtake of 100,000 tons annually of ammonia produced exclusively with renewable energy.

about 2 years ago
Illustration/Mocean Energy’s Blue X wave energy device offshore Orkney (Courtesy of Mocean Energy/Photo by Colin Keldie)
Business Developments & Projects

Mocean Energy starts crowdfunding to boost ocean energy technology

Scottish wave energy company Mocean Energy has kicked off a crowdfunding campaign to secure additional investment as it advances its ocean energy technology from the prototype stage toward technology commercialization and internationalization. The company’s technology integrates wave, solar, and bat

about 2 years ago
Vopak gauging market interest in ammonia storage at energy park in Antwerp port
Business Developments & Projects

Vopak gauging market interest in ammonia storage at energy park in Antwerp port

Dutch company Royal Vopak has launched marked consultations for the storage of ammonia at its Vopak Energy Park Antwerp site in Belgium. Through market consultations, Vopak aims to gauge market interest and gain detailed insight into customer demand. The consultations opened on October 24 and will r

about 2 years ago
FuelCell Energy and KHNP to work on clean hydrogen projects in Korea
Business Developments & Projects

FuelCell Energy and KHNP to work on clean hydrogen projects in Korea

U.S.-based FuelCell Energy and Korea Hydro & Nuclear Power (KHNP) have agreed to jointly pursue hydrogen energy business initiatives and have signed a memorandum of understanding (MoU) outlining the possibilities.

about 2 years ago
PONANT
Business Developments & Projects

PONANT’s sailing zero-emission vessel concept wins EU grant

French cruise line operator PONANT has received support from the European Commission for its Swap2Zero project – the ‘first’ transoceanic vessel aiming for carbon neutrality.

about 2 years ago
European Energy’s first green hydrogen plant is up and running
Business Developments & Projects

European Energy’s first green hydrogen plant is up and running

Danish renewables developer European Energy has officially opened its first green hydrogen facility in Måde, near Esbjerg, marking its first venture into large-scale hydrogen production using renewable energy. Following the completion of the construction in June this year and the commissioning phase

about 2 years ago