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Business & Finance

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ports
Business & Finance

Denmark inaugurates first shore power facility with AIDAmar in Aarhus

Port of Aarhus, Denmark’s largest commercial port, opened its first shore power facility for cruise ships on June 20, 2023 enabling the vessels to keep their engines running on electricity while docked in the port and thus cut their emissions. The Port of Aarhus is one of Denmark’s largest cruise de

about 3 years ago
Hartshead Resources
Business & Finance

‘Major milestone’ tucked away with submission of development plan for UK North Sea gas project

Hartshead Resources and Viaro’s RockRose Energy have handed a field development plan (FDP) for Phase I gas project in the UK North Sea.

about 3 years ago
XL uncrewed underwater vehicle set for technology demonstrations
Business & Finance

XL uncrewed underwater vehicle set for technology demonstrations

Canadian Cellula Robotics and UK-based HonuWorx are collaborating to carry out a series of technology demonstrations that will use an extra-large uncrewed underwater vehicle (XLUUV). The demonstrations will see Cellula’s Solus-XR extra-large uncrewed underwater vehicle (XLUUV) used in showcasing Hon

about 3 years ago
Illustration; Source: SBM Offshore
Business & Finance

SBM Offshore wraps up $1.62 billion financing with 12 banks for Brazil-bound FPSO

SBM Offshore has completed the project financing of an FPSO, which is destined to work for Petrobras offshore Brazil.

about 3 years ago
Illustration; Source: Woodside
Business & Finance

Woodside sanctions $7.2 billion deepwater oil project

Woodside has made a final investment decision to develop a deepwater oil project in the Perdido basin in the Gulf of Mexico.

about 3 years ago
Algoterra
Business & Finance

Algoma orders methanol-ready product tanker duo at Hyundai Mipo

Canadian shipping company Algoma Central Corporation (Algoma) has placed an order for two methanol-ready 37,000 dwt product tankers with Hyundai Mipo Shipyard in South Korea. The investment is worth $127 million CAD ($96 million). The new ships will be entered on long-term time charters to Irving Oi

about 3 years ago
J. Lauritzen methanol-fuelled bulker
Business & Finance

J. Lauritzen, Cargill add third methanol-fuelled Kamsarmax to their tally at Tsuneishi

Danish investment company J. Lauritzen is expanding its partnership with Swiss freight trader Cargill by adding a third methanol dual-fuel 81,200 dwt Kamsarmax bulk carrier to their existing order of two vessels. The vessels are capable of trading with zero carbon emissions when powered by green met

about 3 years ago
UK firm to back Nexans on Ireland-France interconnector
Business & Finance

UK firm to back Nexans on Ireland-France interconnector

UK-headquartered International Projects Group (IPG), part of the RSK Group, has been appointed to support Nexans Norway with work for the Celtic Interconnector that will link Ireland and France. IPG will create a marine construction environmental management plan and provide construction environmenta

about 3 years ago
QatarEnergy and China bolster LNG ties with new deals
Business & Finance

QatarEnergy and China bolster LNG ties with new deals

State-owned oil and gas giant QatarEnergy has signed definitive agreements with China National Petroleum Corporation (CNPC) for the long-term supply of LNG to China and partnership in the North Field East (NFE) LNG expansion project. The LNG sales and purchase agreement (SPA) between the two parties

about 3 years ago
DNV, CSSC
Business & Finance

CSSC, DNV open Future Ship Joint Innovation Centre in Shanghai

Shipbuilding heavyweight China State Shipbuilding Corporation (CSSC) and DNV classification society have established a Future Ship Joint Innovation Centre in Shanghai. The centre will enable the duo to cooperate on ship and offshore field technical innovation, advance in decarbonization and digitali

about 3 years ago
GPA project was contemplated as a potential tie-back to Scott platform; Source: CNOOC International
Business & Finance

Rising costs and UK tax hike deal a death blow to North Sea oil project

The windfall tax hike and the rise in costs have brought to an end the development of a North Sea oil project.

about 3 years ago
FPSO Armada Sterling II; Source: Shapoorji Pallonji Oil & Gas
Business & Finance

ONGC prolonging Bumi Armada FPSO’s stay off India

Bumi Armada will be getting an extension of a charter contract for one of its FPSOs working for ONGC offshore India.

about 3 years ago
China makes headway in domestically-developed rotor sails with 1st ship installation
Business & Finance

China makes headway in domestically-developed rotor sails with 1st ship installation

A Chinese-flagged bulker fitted with a domestically developed rotor sail took to the water at the No. 2 wharf of CSSC Chengxi Shipbuilding Co., a subsidiary of China State Shipbuilding Corporation, marking a solid step forward in the practical application of wind-assisted rotor technology developed

about 3 years ago
Fred. Olsen 1848's new solution targets near- and offshore floating solar
Business & Finance

Fred. Olsen 1848’s new solution targets near- and offshore floating solar

Oslo-headquartered Fred. Olsen 1848 has launched a new solution said to unlock the potential of near- and offshore floating solar by allowing PV modules to move freely and independently. The solution named Bolette is said to be capable of handling high wave loads in combination with wind, which repr

about 3 years ago
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