Business Developments & Projects
MODEC opts to equip Guyana-bound FPSO with Norwegian firm’s compressor system
TMC Compressors has won a deal with MODEC to deliver a large-capacity marine compressed air system on board an FPSO destined for Guyana.
PGS, TGS, and SLB working to asses carbon storage potential in Malaysian basin
A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage potential across the Penyu Basin area in Malaysia.
‘First-of-its-kind’ Canadian LNG facility gets environmental clearance
British Columbia has approved a project envisioned to enable trans-oceanic vessels to refuel with LNG at the Port of Vancouver.
CMA CGM picks Damen to upgrade 10 vessels
Dutch shipbuilding company Damen Shipyards Group and French shipping giant CMA CGM have entered into a cooperation that will result in around 10 of the latter’s vessels receiving significant modifications.
Ulstein CEO to take the helm at Vard
Norwegian ship designer and shipbuilder Vard, part of Fincantieri, has appointed the current chief executive officer (CEO) of compatriot shipbuilder and designer Ulstein Group as its new CEO. Cathrine Kristiseter Marti, who will take over as the new CEO of Vard starting June 1, 2024, comes from the
HMM to collaborate with SIPG on clean marine fuel supply
HMM and Shanghai International Port Group (SIPG) have inked an MoU to collaborate on clean marine fuel supply, specifically methanol and LNG.
First gas supplies from TotalEnergies’ mega North Sea project reach Denmark
The first gas supplies exported by the Tyra hub have reached the onshore facilities in Nybro, Denmark, to be distributed to the consumers.
Thai national oil & gas company sets another CCS deal into motion
Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) and Thai public university Kasetsart University have signed a memorandum of understanding (MoU) focused on carbon capture and storage (CCS) technology, among other things. The collaboration aims to carry out research stud
‘Groundbreaking’ wind propulsion pact signed in France to decarbonize maritime sector
The French government and maritime stakeholders have signed a ‘groundbreaking’ pact for wind-assisted ship propulsion, a promising technology that has the potential to decarbonize the shipping industry.
Yara Clean Ammonia appoints new CEO to spearhead ‘rapidly growing’ business
Oslo-headquartered Yara Clean Ammonia has appointed Hans Olav Raen as the new Chief Executive Officer (CEO), effective May 1, 2024.
Eco Wave Power’s ‘significant milestones’ keep optimism for future energy project opportunities alive
Eco Wave Power is among the companies that felt the impact of the unpredictability surrounding the economy in 2023.
Amogy and ITOCHU ally on use of ammonia system on maritime vessels
Amogy has signed a memorandum of understanding (MoU) with ITOCHU Corporation to explore the potential application of Amogy’s technology on ITOCHU’s maritime vessels.
Dana Petroleum joins Shell and Deltic as partner in North Sea asset
Deltic Energy has wrapped up the sale of a partial stake in a Shell-operated license, containing a prospect, which will be drilled this summer.
Singapore player cheers ‘largest-ever contract win’ in its history
Singapore-based offshore builder Dyna-Mac has tucked a mega contract award under its belt for the construction of process modules.