Business Developments & Projects
BGN: $370M secured for three new VLGCs
Swiss energy company BGN and the UAE-based player across multiple marine sectors Al Seer Marine have secured funding from several banks located in the Gulf region to support the construction of three very large gas carriers (VLGCs) in South Korea and Japan.
Japanese players to set up marketing company for liquefied CO2 shipping
K Line and Nippon Gas Line will establish a marketing company to provide seamless and efficient integrated LCO2 transportation service for CCS projects over the boundaries.
New industry partnership looking into ammonia as marine fuel on US West Coast
Five maritime industry majors will jointly study establishing a supply chain for clean ammonia ship-to-ship bunkering on the U.S. West Coast.
Dutch-German duo to acquire majority stake in Italy’s LNG terminal
Dutch VTTI and German IKAV have formed a consortium to buy the majority stake in Terminale GNL Adriatico, known as Adriatic LNG, in Italy.
NSTA’s plan to reduce UKCS greenhouse gas emissions puts electrification in the spotlight
UK regulator North Sea Transition Authority (NSTA) has launched a new emissions reduction plan highlighting that action is required for production decarbonization, including action on flaring and venting and the electrification of oil & gas installations, to ensure the future of the industry and ach
Vitol deploys its new bunker barge for first delivery of B30 biofuel blend in Singapore
Vitol Bunkers deployed its new bunker barge, the Marine Future, to complete the first delivery of B30 biofuel blend in Singapore.
Boost for hydrogen industry as European Commission okays €900 million French scheme
The European Commission has approved a €900 million French scheme to support companies investing in the use of biomass and renewable hydrogen in energy and fuel production.
CalWave technology selected for Indigenous-led wave energy project in Canada
A California-based developer of wave energy technologies, CalWave, has been picked as the technology provider for a wave energy project at Yuquot, British Columbia (BC) with the Mowachaht/Muchalaht First Nation (MMFN). The Indigenous-led project, supported by funding from TD Bank Group and the Clean
Seaway7 and Rhenus Port Logistics extend ten-year collaboration for another decade
Following a decade-long collaboration, Seaway7, part of Subsea7, and Rotterdam’s Rhenus Port Logistics have extended their partnership with a new ten-year contract. Under the contract, Seaway7 will remain a long-term customer of the Rhenus Deep Sea Terminal for mobilization and demobilization servic
Scottish firm demonstrates offshore hydrogen bunkering solution
Oasis Marine developed industrial solutions, Oasis Hydrogen Buoy and Oasis Power Buoy, that provide offshore hydrogen bunkering and electric charging.
Petrofac strikes extension deal with ONEgas West in ‘core market’
Petrofac has won a contract extension in the Southern North Sea with ONEgas West, a venture owned by Shell UK and operated by NAM.
WATCH: Global Energy Group delivers Subsea7 fabrication scope for Aker BP’s North Sea field
Global Energy Group (GEG) has finished the fabrication process of two towheads, complete with equipment interface support frames and buoyancy tank interface frame from the Port of Nigg, on behalf of Subsea7 for the Aker BP-operated Valhall PWP-Fenris field in the North Sea off Norway. The 66 ton tow
Chinese shipbuilder begins construction of 295-meter LNG carrier
Chinese shipbuilder Hudong-Zhonghua Shipbuilding has started the construction of what is said to be the first single-class large LNG carrier of China Classification Society (CCS). The steel-cutting ceremony for the 174,000 m3 LNG carrier H1909A of PetroChina International was held at Hudong-Zhonghua
Electric Hydrogen and AES pen large-scale electrolyzer plants supply deal
Electric Hydrogen has reached a comprehensive framework supply agreement with AES Corporation for up to 1 GW of large-scale electrolyzer plants.