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Business Developments & Projects

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Leviathan; Source: NewMed Energy
Business Developments & Projects

War imposes six-month hiatus on gas production boost as US energy giant puts off ops to get expansion show underway

As the ongoing war in the Middle East spreads to encircle other territories while continuing to rage unabated, Chevron has postponed its planned work on a giant natural gas field expansion project off the coast of Israel.

about 2 years ago
HHLA
Business Developments & Projects

MSC becomes co-owner of HHLA after EU okays acquisition

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The European Commission has given the green light to MSC Mediterranean Shipping Company, the world’s largest container shipping company, to officially enter into the ownership structure of Germany’s logistics company Hamburger Hafen und Logistik Aktiengesellschaft (HHLA).

about 2 years ago
Wan Hai Lines
Business Developments & Projects

Wan Hai Lines opts for biofuel to power its fleet

Taiwan’s shipping company Wan Hai Lines has decided to adopt biofuel across its fleet to boost its efforts on the journey toward the carbon reduction goal.

about 2 years ago
A docked vessel
Business Developments & Projects

Strategic Marine hands over fast crew boat for maritime neighbor’s oil & gas sector

Singapore-based shipbuilder Strategic Marine has delivered a fast crew boat (FCB) to Brunei’s offshore operator Amarco.

about 2 years ago
Worley to provide pre-FEED for Uniper’s e-methanol facility in Sweden
Business Developments & Projects

Worley to provide pre-FEED for Uniper’s e-methanol facility in Sweden

Worley has entered into an agreement with Liquid Wind to provide pre-FEED for Uniper’s NorthStarH2 e‑methanol facility in Östersund, Sweden.

about 2 years ago
Coral-Sul FLNG; Source: Eni
Business Developments & Projects

Eni signs up for decarbonization initiative challenge while fostering closer gas and LNG ties with Japan

Italy’s energy giant Eni, which has become a member of an initiative that aims to curb greenhouse gas (GHG) emissions from liquefied natural gas (LNG) to enable a net zero era, has strengthened its bonds with Japan by joining forces with the Asian country’s government agency, Japan Organization for

about 2 years ago
Orphaned wells off Texas; Source: BSEE
Business Developments & Projects

US picks contractor for decom work on eight orphaned oil & gas pipelines in Gulf of Mexico

The Bureau of Safety and Environmental Enforcement (BSEE) has hired the Louisiana-based Chet Morrison Contractors, known as Morrison Energy, on a five-year on-site pipeline decommissioning assignment partially funded by a $4.7 billion investment for orphaned oil and gas well cleanups, called the Bip

about 2 years ago
UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LC
Business Developments & Projects

Proteus Marine Rewables’ tidal energy system on track to slash costs, EIB confirms

UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LCoE) reduction forecasts for its AR3000 tidal energy system are achievable. The independent report,

about 2 years ago
The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside
Business Developments & Projects

UK sets aside almost £22B for carbon capture and storage, hydrogen projects

The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside and Merseyside. According to the UK government, this move will propel the UK towards becoming a gl

about 2 years ago
A vessel at sea
Business Developments & Projects

Sea1 Offshore scores Australian gig for 3 vessels

Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, has secured an assignment for three anchor handling tug supply (AHTS) vessels offshore Australia.

about 2 years ago
An illustration of three industrial facilities next to a body of water
Business Developments & Projects

Eni gets gov’t funding for UK’s first foray into repurposing infrastructure to unlock CCS opportunities

Eni has secured the UK government’s funding for a carbon dioxide (CO2) transport and storage project in North-West England and North Wales, which will see the firm reuse existing pipelines and platforms to transport and store CO2 from a carbon capture and storage (CCS) industrial cluster.

about 2 years ago
MOL to merge three companies into technical hub for driving maritime decarbonization
Business Developments & Projects

MOL to merge three companies into technical hub for driving maritime decarbonization

Japanese shipping major Mitsui O.S.K. Lines (MOL) has revealed the decision to merge three group subsidiaries responsible for maritime technology and engineering to form a technical hub that will aid the maritime industry on the decarbonization path. Namely, MOL Marine & Engineering (MOLMEC), MOL Oc

about 2 years ago
Ramform Hyperion seismic acquisition vessel; Source: TGS
Business Developments & Projects

TGS has a hand in Malaysia’s oil & gas discovery, enhances Norwegian exploration ops, and wins another gig in Southern Atlantic

TGS has assisted in enabling Petronas, a Malaysian state-owned energy giant, to uncover a new oil and gas discovery. The company also wrapped up its assignment to advance exploration efforts in the Norwegian Sea. In addition, TGS has landed a new deal in the Southern Atlantic.

about 2 years ago
Navios vessel
Business Developments & Projects

Navios Maritime Partners to bolster fleet with new methanol-ready scrubber-fitted boxships

The U.S.-listed Greek dry cargo vessel owner and operator Navios Maritime Partners has placed an order for two methanol-ready 7,900 TEU containerships at a South Korean shipyard. The vessels, which will be built by HJ Shipbuilding & Construction (HJSC), cost the company approximately $106 million ea

about 2 years ago