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Business Developments & Projects

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Maersk Moscow
Business Developments & Projects

DCSA’s members commit to 100 pct adoption of electronic bill of lading by 2030

Nine ocean carrier members of the Digital Container Shipping Association (DCSA) have committed to 100% adoption of an electronic bill of lading (eBL) based on DCSA standards by 2030. The bill of lading is one of the most important trade documents in container shipping. It functions as a document of

about 3 years ago
RWE’s Brunsbüttel terminal welcomes first LNG cargo from ADNOC
Business Developments & Projects

RWE’s Brunsbüttel terminal welcomes first LNG cargo from ADNOC

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The partnership between German energy company RWE and the Abu Dhabi National Oil Company (ADNOC) for the supply of liquefied natural gas (LNG) has gained ground with the arrival of the first LNG cargo from ADNOC at the Brunsbüttel Elbehafen port, Germany. Here, the LNG will be regasified and fed int

about 3 years ago
Masdar and IFC join hands to advance hydrogen and renewable energy in Africa
Business Developments & Projects

Masdar and IFC join hands to advance hydrogen and renewable energy in Africa

Abu Dhabi’s renewable energy company Masdar has signed an agreement with the International Finance Corporation (IFC), a global development institution focused on the private sector in developing countries, to explore areas of collaboration to support climate action for emerging markets. The parties

about 3 years ago
FPSO Atlanta; Source: Yinson (video)
Business Developments & Projects

How far has the upgrade work for Enauta’s Brazil-bound FPSO come?

Yinson has shared an update on the developments regarding the conversion and upgrade of an FPSO, which will operate for Enauta off Brazil.

about 3 years ago
Nakilat sees highest profit since inception
Business Developments & Projects

Nakilat sees highest profit since inception

Qatar Gas Transport Company (Nakilat) and its subsidiaries have achieved a consolidated net profit of QAR 1,44 billion ($395.3 million) in the fiscal year 2022, a significant increase of 6.3%, as compared to QAR 1,35 billion ($372 million) in 2021. It also achieved revenues of QAR 4,4 billion ($1.20

about 3 years ago
Eco Marine Power
Business Developments & Projects

Eco Marine Power to launch Eco Ship Technical study with UAE shipowner

Japan-based technology company Eco Marine Power (EMP) has been hired by an unnamed shipping company based in the United Arab Emirates (UAE) to undertake a joint Eco Ship technical study related to renewable energy solutions for ships. EMP said that the study will also include investigating innovativ

about 3 years ago
FPSO Energean Power; Source: Energean
Business Developments & Projects

With first ever lifting of crude out of the way, Israel joins oil exporters club

Oil and gas company Energean has tucked another milestone under its belt with the first ever lifting of an Israeli crude oil cargo.

about 3 years ago
Image credit IWSA
Business Developments & Projects

IWSA: Momentum continues to grow for wind-installed vessels

The number of wind-installed vessels is set to double in the next twelve months, according to estimates from the International Windship Association (IWSA). At the moment, the wind-assisted cargo capacity is standing at 1.4 million dwt with 22 large ships installed, 2 wind-ready ships, and a further

about 3 years ago
GlobalData: Hydrogen market to witness growth surge in 2023
Business Developments & Projects

GlobalData: Hydrogen market to witness growth surge in 2023

Hydrogen production capacity is estimated to reach 4.5 million tons per annum (mtpa) worldwide by the end of 2023 despite the slowing global economy, representing 165% growth compared to 2022, according to a report by data and analytics company GlobalData. GlobalData’s recent publication called “Hyd

about 3 years ago
In focus: CO2 capture and storage – important element in the green transition
Business Developments & Projects

In focus: CO2 capture and storage – important element in the green transition

As the world faces new challenges in 2023, offshore energy industries are making new plans to deliver on the net-zero target. In addition to marine energy, the fast-growing offshore wind sector is also finding its place among oil and gas players. Example number one: SSE Renewables and Equinor, the d

about 3 years ago
Rig 141; Source: Shelf Drilling
Business Developments & Projects

More time for Shelf Drilling’s jack-up rig off Egypt

UAE-headquartered offshore drilling contractor Shelf Drilling has secured a contract extension for one of its jack-up rigs for operations offshore Egypt.

about 3 years ago
Boluda Towage
Business Developments & Projects

Boluda Towage steers toward global leadership with Smit Lamnalco acquisition

Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world’s fifth-largest towage operator. The deal is expected to enable the company to strengthen its presence in strategic markets such as Australia, the Middle East, and West Afric

about 3 years ago
Masdar and Verbund ally on hydrogen production
Business Developments & Projects

Masdar and Verbund ally on hydrogen production

Abu Dhabi-based clean energy company Masdar and Austria’s energy utility company Verbund have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen for the Central Europe market. As per the agreement, the two companies will cooperate on developing pathways to produce

about 3 years ago
Oman LNG taps into Chinese market under new supply deal with UNIPEC
Business Developments & Projects

Oman LNG taps into Chinese market under new supply deal with UNIPEC

Oman LNG has signed a binding term-sheet agreement with China International United Petroleum and Chemical Co. (UNIPEC) to supply 1 million metric tonnes per annum (mtpa) of LNG starting in 2025. UNIPEC has become the latest beneficiary of the Omani LNG, marking the first LNG term deal with a Chinese

about 3 years ago