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Business Developments & Projects

CPN delivers biofuel to OOCL’s vessel in inaugural bunkering operation in Hong Kong

OOCL, in cooperation with Chimbusco Pan Nation Petro-Chemical (CPN), has completed its first biofuel bunkering operation in Hong Kong.

about 2 years ago

Business Developments & Projects

DeepOcean’s subsea vessel to keep servicing its lifetime client for another five years

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Norway-based ocean services provider DeepOcean has secured a five-year contract extension with a Mexican company that provides services and solutions for the oil industry for its construction and subsea vessel. Thanks to the contract extension with Diavaz, DeepOcean’s Arbol Grande vessel will work o

about 2 years ago

Rendering of an onshore LNG terminal featuring several tanks and a jetty with a vessel

Business Developments & Projects

KOGAS winds down roof air-raising ops on LNG tank quartet

Korea Gas Corporation (KOGAS) has completed the roofing of four LNG storage tanks at the country’s Dangjin LNG terminal.

about 2 years ago

EU flag; Courtesy of the European Commission; Credit: Mauro Bottaro

Business Developments & Projects

EU to launch €8M call for improving ocean energy devices

The EU’s flagship Horizon Europe program is to issue a multi-million funding call this September, focused on advancing the sustainability, reliability, and cost-efficiency of ocean energy devices. With a budget of €8 million, this call for the “Critical Technologies for Future Ocean Energy Farms” pr

about 2 years ago

Altamira Fast LNG 1; Source: New Fortress Energy

Business Developments & Projects

US firm’s FLNG back online offshore Mexico following outage

New Fortress Energy (NFE) has restarted production at its floating liquefied natural gas (FLNG) unit off the coast of Altamira, Mexico.

about 2 years ago

Business Developments & Projects

ClassNK to grant ‘world’s first’ MRS accreditation for ammonia-fueled ammonia gas carrier

ClassNK will award machinery room safety (MRS) accreditation to the ammonia-fueled medium gas carrier developed by NYK and partners.

about 2 years ago

Business Developments & Projects

Canadian oil & gas player makes $225.4 million takeover bid for UK firm

Gran Tierra Energy has made a move to bring i3 Energy, the UK-based oil and gas player, into its fold by pursuing a $225.4 million business combination that will not only diversify but also expand its asset portfolio.

about 2 years ago

Business Developments & Projects

Kent demystifying oil & gas decarbonization economics

Dubai-headquartered engineering and services company Kent is developing a comprehensive report aiming to offer guidance for determining the cost of decarbonization, including its societal aspect, in the upstream oil and gas industries on behalf of the London-based Energy Institute.

about 2 years ago

An aerial photo of JDR Cable Systems' new Blyth facility

Business Developments & Projects

JDR’s Chief Strategy Officer: ‘Look at floating wind’

JDR Cable Systems is already at the forefront of the production and supply of dynamic subsea cables to the floating wind market and will become a leader as the market expands, JDR’s Chief Strategy and Compliance Officer said in an interview with our sibling news site offshoreWIND.biz. In this articl

about 2 years ago

Business Developments & Projects

Shelf Drilling’s backlog reaches $2.1 billion with 33 out of 36 rigs busy with work

Shelf Drilling has pushed its total contract backlog to $2.1 billion at the end of the second quarter of 2024.

about 2 years ago

Business Developments & Projects

Contract extension puts high-end subsea vessel to work until May 2028

DOF Subsea has secured a contract extension for its high-end subsea vessel that will keep the vessel busy until mid-2028. The new commitment for DOF’s Skandi Africa will run until May 2028 and will commence in direct continuation with the current commitment, which runs until February 2025. According

about 2 years ago

Ocean Sun has secured funding from Innovation Norway to advance key technology areas, including a freshwater collection system.

Business Developments & Projects

Innovation Norway backs compatriot floating solar firm with funding

Norway-based floating solar company Ocean Sun has secured funding from state-owned Innovation Norway to advance key technology areas, including a freshwater collection system.

about 2 years ago

Business Developments & Projects

Proman scales up methanol bunkering in Trinidad and Tobago

Proman highlights the potential of Trinidad as a methanol bunkering hub with 2,100 MT of methanol to be delivered to ships in August 2024.

about 2 years ago

Business Developments & Projects

MOL: Biomethane from animal manure could fuel vessels in the future

Several Japanese companies including shipping major Mitsui O.S.K. Lines (MOL) have launched a study on the production and utilization of biomethane from animal manure.

about 2 years ago