Business Developments & Projects
Deal signed for new hydrogen industry cluster in South Korea
South Korean province Jeollanam-do has signed an investment memorandum of understanding (MoU) with five companies to create a hydrogen industry cluster in Myodo, Yeosu.
ABS gives ‘industry 1st’ approval to ECOLOG for operation of LCO2 carriers
Classification society the American Bureau of Shipping (ABS) has awarded ECOLOG, a Greek mid-stream carbon capture, utilization and sequestration (CCUS) service provider, with an industry first ISM Document of Compliance for the operation of liquified CO2 carriers on behalf of the Bermuda flag admin
Pursuit of appeal for arbitration ruling regarding two canceled drillships hits a wall
Northern Drilling is contemplating its next steps after its attempts to appeal the court’s arbitration ruling related to canceled orders for two drillships with a South Korean shipbuilder came to naught.
KfW IPEX-Bank funds C. Armateurs’ eco-friendly bulkers
Germany’s KfW IPEX-Bank has decided to support the fleet modernization of Switzerland-based shipping group C. Armateurs, part of the Cobelfret group, with a financing of €42 million.
Asso.subsea completes cable work at Croatian interconnector (Gallery)
Asso.subsea has completed the installation of approximately 30 kilometers of cables for the Adriatic Sea Islands Interconnection in Croatia, reaching depths of 70 meters. Asso.subsea transported and installed four distinct 110 kV cable systems, with the northern part connecting the landing sites Mal
New Japan-UK partnership eyes green hydrogen and derivatives projects
J-POWER and Yamna have signed an agreement for the joint development and investment in green hydrogen and derivatives projects globally.
European policymakers urged to adopt robust low-carbon hydrogen definition
Industry players and NGOs issued a joint letter calling on European policymakers to adopt a robust definition for low-carbon hydrogen.
Petoro awards AGR frame agreement for suite of services
Norwegian state-owned firm Petoro has awarded AGR, part of ABL Group, with a frame agreement for the supply of independent consultancy and third-party verification studies across subsurface, drilling, and wells and field development. Petoro manages a direct financial stake in Norway’s oil and gas in
Green methanol offshore production platform gets RINA’s stamp of approval
RINA awarded approval in principle to Kindon New Energy Technology (Jiangsu) for its green methanol offshore production platform solution.
Transocean drillship’s Gulf of Mexico drilling campaign extended by 365 days
Transocean has picked up a multi-million contract extension in the U.S. Gulf of Mexico for a drillship working for Hess Corporation.
Greek TSO opens tender for submarine power cables
Greek electricity grid operator Independent Power Transmission Operator (IPTO) has launched a tender for submarine AC cable that would be used for Aegean Islands interconnectors. IPTO has launched the tendering process for the conclusion of a framework agreement regarding submarine AC cable for the
COSCO Shipping uses GSBN blockchain to issue green shipping certificates
Global Shipping Business Network (GSBN), a consortium enabling paperless, accessible and sustainable global trade, has completed a pilot with China-based shipping company COSCO Shipping (COSCO) to issue ‘traceable and verifiable’ green certificates powered by blockchain technology.
JERA, Petronas looking into CCS value chain between Japan and Malaysia
JERA has signed a JSA with Petronas to evaluate the feasibility of separating and capturing CO2 emitted by JERA in Japan and then transporting it to Malaysia for storage.
Sumitomo, ENEOS tap JGC for FEED work on green hydrogen plant in Malaysia
JGC Corporation has secured a FEED contract with ENEOS and Sumitomo for a green hydrogen production plant in Malaysia.