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Business Developments & Projects

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Hapag-Lloyd
Business Developments & Projects

Hapag-Lloyd taps Gasum for waste-based bio-LNG supply in line with ZEMBA tender

After winning the first tender by Zero Emission Maritime Buyers Alliance (ZEMBA), Germany’s container shipping major Hapag-Lloyd has selected Nordic energy company Gasum to deliver waste-based liquefied biomethane (bio-LNG) to its vessels during the two-year tender period. On April 16, 2024, ZEMBA,

about 2 years ago
Tyne Renewable Quay 11.7ha development site is part of the Tyne Clean Energy Park; Source: Port of Tyne
Business Developments & Projects
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Step forward taken to build ‘world’s largest’ multimillion-dollar HVDC subsea cable factory in UK

A new head of terms has been inked for an option on a lease at the Port of Tyne near Newcastle on the River Tyne in North East England to move forward with the development of what is envisioned to become the world’s largest HVDC subsea cable factory.

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

Yinson sheds one of five spin-offs to home in on FPSO and energy transition business arenas

Yinson, which currently invests in five business units, has set the wheels in motion to part with the last affiliate on this list, which offers integrated offshore support vessel services.

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

Atlantic SuperConnection: Laying the FID groundwork for subsea interconnector to ply UK with geothermal and hydroelectric electricity while doling out wind power to Iceland

Plans have been set to put the required funding in place to take a final investment decision (FID) on a subsea interconnector project between the UK and Iceland.

about 2 years ago
Deep Blue pipelay vessel; Source: TechnipFMC
Business Developments & Projects

TechnipFMC: It’s a wrap on Guyana’s flagship $1.9 billion gas-to-energy project (Video)

TechnipFMC has put the finishing touches on its assignment at a gas-to-energy (GtE) project off Guyana’s Atlantic coast, which is envisioned to enable infrastructure buildout required to allow for natural gas to be transported from an oilfield in the waters of the prolific Stabroek Block to an integ

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

Velesto optimistic about jack-up market’s future, with ‘another excellent quarter’ in the bag

Malaysian rig owner Velesto Energy has reported solid financial results for the second quarter of 2024, which it attributes to higher utilization and average daily charter rates.

about 2 years ago
Shearwater; Source: Shell
Business Developments & Projects

Giant oil & gas projects on thin ice as UK pulls out of court battle: Will Shell and Equinor get cold feet or take a stand against legal challenges?

While two huge oil and gas projects in the waters off the coast of the UK have been walking a tightrope for some time, their operators, Britain’s Shell and Norway’s Equinor, did not waiver in their commitment to enriching the energy market with these resources and both hydrocarbon developments overc

about 2 years ago
FPSO Norne; Source: Equinor
Business Developments & Projects

With portfolio now five oil & gas fields lighter, Vår Energi’s stake in operated asset gets boost

Vår Energi has wrapped up the divestment of its interests in five oil and gas fields in the Norwegian Sea for a fixed after-tax consideration of $51 million and the transfer of a stake DNO Norge, a subsidiary of DNO, has in one of Vår Energi’s core hub areas.

about 2 years ago
EMF and Atlas Maritime formalize $372M ammonia carrier trio order at HD KSOE
Business Developments & Projects

EMF and Atlas Maritime formalize $372M ammonia carrier trio order at HD KSOE

Denmark’s fund management company focused on maritime investments European Maritime Finance (EMF), in collaboration with international shipping company Atlas Maritime, has confirmed the order of three LPG/ammonia carriers at South Korean shipyard HD Hyundai Heavy Industries (HHI). HD HHI’s parent co

about 2 years ago
Block 3B/4B; Source: Eco Atlantic
Business Developments & Projects

TotalEnergies and QatarEnergy expand their footprint in Africa’s Orange Basin

TotalEnergies and QatarEnergy have increased their presence in the Orange Basin with more offshore acreage by getting interests in a block off the coast of South Africa ahead of offshore exploration activities on this block.

about 2 years ago
Illustration/CETO wave energy array
Business Developments & Projects

EuropeWave’s payment to support Carnegie’s CETO deployment progress

Carnegie Clean Energy, through its wholly owned subsidiary CETO Wave Energy Ireland (CWEI), has received a progress payment of €251,100 under the EuropeWave Phase 3 contract. The EuropeWave contract is part of the ACHIEVE Program, facilitating the first deployment of CETO in Europe. This contractu

about 2 years ago
DSV Skandi Singapore; Source: DOF
Business Developments & Projects

DOF finds more work in Asia Pacific for 2011-built vessel

DOF has secured additional job opportunities in the Asia Pacific (APAC) region for one of its purpose-built dive support vessels (DSVs) equipped to come to grips with subsea infrastructure challenges and deepwater systems.

about 2 years ago
Cepsa starts biofuel supply to Norwegian Cruise Line at Barcelona port
Business Developments & Projects

Cepsa starts biofuel supply to Norwegian Cruise Line at Barcelona port

Spanish marine fuel supplier Cepsa has started delivering second-generation biofuels to the cruise industry at the Port of Barcelona. Norwegian Escape, a cruise ship, operated by Norwegian Cruise Line Holdings (NCLH), received the first supply in late July. According to Cepsa, the supplied fuel, pro

about 2 years ago
Artist’s rendering of the LNG terminal
Business Developments & Projects

LNG project offshore Mozambique one step shy of FID

The operator of a deepwater block off the coast of Mozambique, Mozambique Rovuma Venture (MRV), comprising ExxonMobil, Eni, and China National Petroleum Corporation (CNPC), has taken the last step before making a final investment decision (FID) by inking front-end engineering design (FEED) contracts

about 2 years ago