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Business Developments & Projects

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CEOs
Business Developments & Projects

Shipping CEOs call for an end to fossil-only powered newbuilds

The Chief Executive Officers (CEOs) of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to accelerate the transition to green

about 2 years ago
AD Ports
Business Developments & Projects

AD Ports expands shipping operations in Kazakhstan with tanker pair

UAE-based port operator AD Ports Group in collaboration with Kazakhstan’s national oil company KazMorTransFlot (KMTF) has announced the acquisition and commencement of operations of two oil tankers designed for the transportation of Kazakhstan’s oil across the Caspian Sea. The two tankers were named

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about 2 years ago
Well-Safe Defender rig; Source: Well-Safe Solutions
Business Developments & Projects

BP hands out multi-year global master agreement to Well-Safe Solutions

BP has hired Well-Safe Solutions on a long-term global master agreement for well engineering and decommissioning support services.

about 2 years ago
Uni-Mini and hybrid Uni-Max USVs; Source: Unique Group
Business Developments & Projects

UAE player expands its USV fleet with two vessels

Unique Group has broadened its unmanned surface vessel (USV) portfolio with the launch of two new models.

about 2 years ago
MMMCZCS
Business Developments & Projects

Training project for seafarers on zero-emission ships in the making

A new training project is being launched aimed at preparing seafarers for zero or near-zero emission ships as a way of addressing the imminent need for upskilling the workforce to operate advanced technological solutions and alternative fuels. The project was announced at the 2023 UN Climate Change

about 2 years ago
Wadad Aletheia; Source: CCCUWE
Business Developments & Projects

New vessel joins UAE firm’s subsea fleet

This 149.5-meter multi-purpose Ice Class diving support and subsea construction vessel has been made for worldwide subsea operations, including operations in coastal waters.

about 2 years ago
ACWA Power launches Uzbekistan’s first green hydrogen project
Business Developments & Projects

ACWA Power launches Uzbekistan’s first green hydrogen project

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, and officials from Uzbekistan and Saudi Arabia have inaugurated the first phase of a 3,000-ton-per-year green hydrogen project in Uzbekistan. The project will be an integ

about 2 years ago
64% mull cutting maritime investments amid ESG concerns, reveals Woodrow study
Business Developments & Projects

64% mull cutting maritime investments amid ESG concerns, reveals Woodrow study

Some 64% of senior finance professionals in the UK are contemplating reducing their investment in the maritime sector because of Environmental, Social, and Governance (ESG) risks, according to a recent study from sustainability and communications consultancy Woodrow. The report sheds light on key ar

about 2 years ago
Live from Offshore Energy Exhibition & Conference 2023
Business Developments & Projects

Live from Offshore Energy Exhibition & Conference 2023

Welcome to the Live Blog! #OEEC2023 in a nutshell. Enjoy the highlights of the event in this video: Thanks to all participants, partners, sponsors and media partners for making this event such a great success! See you next year on 26 & 27 November 2024! Drinks at Navingo stand Offshore Energy Exhibi

about 2 years ago
piracy
Business Developments & Projects

Zodiac’s tanker escapes pirate clutches off Somalia Coast

A chemical tanker flying the Liberian flag, initially reported as targeted and boarded by pirates on Sunday morning off the coast of Somalia, has been successfully freed, the U.S. Central Command confirmed. The 22 crew members, who were onboard the Liberian-flagged Central Park (IMO: 9725823), owned

about 2 years ago
Illustration/Orbital Marine’s O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Business Developments & Projects

IEA-OES unveils international roadmap for 300GW of ocean energy by 2050

International Energy Agency’s Technology Collaboration Program on Ocean Energy Systems (IEA-OES) has released a roadmap that outlines a comprehensive strategy that will help to drive the global development of ocean energy.

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Business Developments & Projects

Decision time for oil & gas industry: Embrace green energy shift or keep fueling climate crisis

The International Energy Agency (IEA): The time has come for the oil and gas industry to take a firm stand during the transition era.

about 2 years ago
Stena Forth drillship; Source: Stena Drilling
Business Developments & Projects

Shell finds gas in Mediterranean Sea with Stena drillship

Shell Egypt, a subsidiary of oil major Shell, has made a new gas discovery in an offshore block located in Egypt’s Mediterranean Sea.

about 2 years ago
LCO2
Business Developments & Projects

Interview: Almost every ocean-going ship type can become a CO2 carrier

In the ever-evolving landscape of maritime innovation, one topic has emerged as a beacon of change and promise – carbon capture in shipping. As global efforts to decarbonize intensify, the role of CO2 capture, liquefaction, and transport is expected to grow in importance, especially in line with the

about 2 years ago