Business Developments & Projects
Stena Bulk sells two LNG tankers to BW LNG in bid to ‘build bridges towards a new era’
Swedish tanker shipping company Stena Bulk has completed the sale of two LNG carriers to Norway-based gas shipping company BW LNG.
Equinor and DNO delineate 2023 oil & gas discovery with appraisal well and sidetrack
Norwegian state-owned energy giant Equinor and compatriot oil and gas operator DNO have completed an appraisal well and sidetrack said to further delineate the 2023 Heisenberg oil and gas discovery in the Norwegian North Sea. Heisenberg, a new shallow play located in license PL827SB in the northern
Terntank places new order for wind/methanol-ready tanker
Terntank has ordered another tanker with wind-assisted propulsion and dual-fuel engine capable of operating on MGO, biofuels, and methanol.
Avikus claims fuel usage, CO2 emissions cuts thanks to autonomous navigation tech
Avikus autonomous navigation is proven to reduce fuel use by as much as 15% and is expected to reduce carbon emissions by 10%, the autonomous navigation in-house startup of South Korean shipbuilding giant HD Hyundai said.
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