Business Developments & Projects
GlobalData: Shell dominated long-term LNG import contract volumes in 2022
Oil and gas major Shell led the global long-term liquefied natural gas (LNG) import contract volumes signed by key purchasing companies in 2022, with a contracted capacity of 6.7 million tonnes per annum (mtpa), data and analytics company GlobalData found in its new report. According to GlobalData’s
Provaris, Norwegian Hydrogen ally on green hydrogen development in Nordics
Australian Provaris Energy has signed a Memorandum of Understanding (MoU) with Norwegian Hydrogen AS, a developer of hydrogen production hubs and value chains, to collaborate on the development of green hydrogen value chain projects in the Nordics, Europe. The scope of the MoU will focus on the deve
Stena Line, Brittany Ferries order Leclanché battery systems for next-gen hybrid ferries
Swiss energy storage solutions company Leclanché has been selected as the battery technology provider for two hybrid ferries being built for Stena Line and Brittany Ferries. Leclanché will provide two battery systems with a total capacity of 22.6 MWh, or 11.3 MWh each, for the RoPax ferries that are
Shell makes headway in global digitalisation of its ops with Kabal’s software
UK-headquartered energy giant Shell has advanced its digitalisation journey through a global agreement with Kabal.
Eagle Bulk ramps up biofuel use
US-based shipowner Eagle Bulk Shipping announced that one of its bulkers has completed a voyage using biofuel. M/V Stamford Eagle, an Ultramax bulk carrier built in 2016, carried out the voyage in cooperation with the global mining and metallurgy group Eramet and its subsidiary Eramet Norway. The sh
Airbus tests Neste’s renewable marine fuel on RoRo ship
European multinational aerospace corporation Airbus has tested renewable marine fuel on one of its vessels as part of the ambition to reduce its carbon emissions.
UK’s National Subsea Centre officially opens
The National Subsea Centre (NSC), a center of excellence for subsea research and technology development established to provide advanced research to accelerate the transition to net zero, has officially opened in Aberdeen. NSC was officially opened in Dyce, by Michael Matheson, Scottish Government Ca
Noble, Halliburton and Odfjell forge five-year rig alliances with Aker BP for drilling ops
Aker BP has entered into drilling and wells alliance agreements with Noble, Odfjell and Halliburton for drilling activities on the NCS.
Capricorn’s NewMed merger plan runs up against strong shareholder opposition
Certain shareholders have voiced concerns over Capricorn’s proposed merger with Israel’s NewMed, seeing it as “profoundly unfavourable.”
Solstad vessels to trial Starlink connectivity
Smart network solutions company Marlink is equipping Solstad Offshore’s vessels with Starlink connectivity, integrated with the Sealink VSAT, L-band backup and 4G services. According to Marlink, Solstad is the first offshore vessel operator on the Marlink network to trial Starlink testing the networ
Gunvor Group extends its $1.565 billion LNG syndicated borrowing base facility
Gunvor Group, an independent trader of liquefied natural gas (LNG), has renewed its syndicated borrowing base facility to support the working capital needs of the company’s growing LNG activities globally. According to Gunvor, the syndication, signed at $1.135 billion in 2021, launched at $1.2 billi
Oil majors’ ‘big bet’ on hydrogen is not so big in reality as they invest 8 times more in biofuels, T&E says
While European oil majors are taking a gamble on hydrogen as the transport fuel for the future, this ‘big bet’ is not so big in reality, according to a new study on behalf of Transport & Environment (T&E), which shows that investments in biofuels refining are eight times bigger. Ricardo Energy & Env
Euronav says litigation and arbitration on the table as it rejects Frontline’s tie-up termination
Belgian tanker shipping major Euronav believes that Frontline’s unilateral termination of the proposed $4.2 billion combination agreement announced on Monday was unfounded, the company said in an update. “Euronav has determined that Frontline’s unilateral action in pursuing the termination of the co
Scotland on mission to become ‘renewables powerhouse’ contemplates no new oil & gas policy
The Scottish government has released a draft energy strategy, which aims to shape the country’s next 25 years of energy production.