Business Developments & Projects
New project helps crew members take fuel-saving action more often
Danish chemical ship-owning and chartering company Christiania Shipping has launched behavior change service Signol in a fuel efficiency project that uses StormGeo data to understand and increase crew members’ fuel-saving behavior.
New strategic alliance targets sustainable energy solutions, hydrogen included
Getech and Expro have entered a strategic partnership to propel low-carbon geoenergy projects, including geothermal energy, natural hydrogen and CCS.
Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain
Hydrom and VNG will examine the economic potential of building a green hydrogen and ammonia value chain between Oman and Germany.
Yinson hires Blue Water Shipping for transport of FPSO modules
Owner and operator of floating storage, production and offloading vessels (FPSO) Yinson Production has awarded Blue Water Shipping with a contract for the transport of modules for an FPSO destined for a project offshore Angola. Under the logistics contract, Blue Water’s Floating Productions Systems
South Korean shipbuilder wins $1.8 billion contract for 8 LNG vessels
Korean shipbuilding major Hanwha Ocean has received a construction order for eight LNG vessels from an undisclosed shipowner.
Shipping giants reaping high profits from EU ETS, study shows
Shipping giants are profiteering from the EU Emissions Trading System (EU ETS), the world’s first and largest emissions cap-and-trade system, a new Transport & Environment (T&E) study reveals.
Chevron and Eliis collaborate on AI solutions for seismic interpretation
Seismic interpretation solutions firm Eliis and U.S. headquartered Chevron have agreed to collaborate on the development and commercialization of advanced artificial intelligence (AI) algorithms for seismic interpretation, subsurface characterization, and modeling. Leveraging its experience in hydr
Doosan Fuel Cell’s SOFC passes world’s first environmental test for maritime applications
HyAxiom and Doosan Fuel Cell (DFCC) said that their SOFC cell stack has passed a critical environmental test by DNV.
Reach Subsea’s first Reach Remote USV sea-launched
Reach Subsea has sea-launched the first unit of its Reach Remote fleet of uncrewed 24-meter surface vessels (USVs), which will, as the Norwegian company says, “revolutionize offshore subsea operations, aligning with sustainability initiatives”. The first Reach Remote unit was sea-launched on Monday,
Woodside closes sale of non-operating interest in Australian gas field
Australian energy giant Woodside has completed the sale of a 10% non-operating interest in the Scarborough Joint Venture, comprising the Scarborough gas field and associated offshore and subsea infrastructure, to LJ Scarborough, a subsidiary of LNG Japan, which is a joint venture between Sumitomo Co
IHI and Yara forge clean ammonia ties
IHI Corporation and Yara Clean Ammonia have concluded an MoU to jointly assess potential collaboration in the clean ammonia value chain.
Widening chasm between reality and ambitions endangers net zero targets
The rift between the current energy landscape and greener desires continues to expand, putting global net zero targets in peril.
Green light for world’s first ammonia bunkering terminal
The Norwegian Directorate for Civil Protection has given its approval for the construction of an ammonia bunkering facility at Fjord Base in Florø.
Ørsted nets up to $100 million in federal funding for e-methanol plant in Texas
Ørsted was selected by the U.S. DOE to receive up to $100 million in federal funding to construct its e-methanol facility in Texas.