Horisont Energi has signed a Letter of Intent (LoI) with energy company PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, under which PUN aims to enter as a partner and operator in the only CO2 exploration license in the Barents Sea. The Norwegian Ministry of Petroleum and Energy announced
Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on the installation of WinGD’s X-DF-A dual-fuel ammonia engines on forthcoming newbuild vessels. The two companies signed a memorandum of understanding during the Gastech conference in Singapore
To support its long-term expansion plan to increase production from 70 million tons per annum (mtpa) to more than 100 mtpa of nameplate LNG export capacity, U.S. Venture Global has executed an expanded master equipment supply agreement with compatriot Baker Hughes. The agreement includes the deliver
EuropeWave project has selected three finalists – CETO Wave Energy Ireland, IDOM Consulting and Mocean Energy – to fabricate, deploy and demonstrate their prototype designs in the third and final phase of the collaborative wave energy project.
Classification society ABS signed a memorandum of understanding (MoU) with the Korea Hydrogen Industry Association (KHIA) and the University of Ulsan, Foundation for Industry Cooperation (UOUFIC) to develop a small vessel equipped with electric propulsion using a 350-kW hydrogen fuel cell.
ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed strategic agreements with six Italian partners to bolster cooperation in the fields of green hydrogen, water desalination and research and development (R&D). T
Norwegian owner and operator of LNG carriers and FSRUs Höegh LNG has entered into a strategic partnership with oil major Aker BP to develop a fully comprehensive carbon capture and storage (CCS) offering for industrial CO2 emitters in Northern Europe. Under the agreement, the two companies plan to c
The Isle of Man-based ExoTechnologies, the owner of Glasgow boat builder Ultimate Boats, and Arizona-based hydrogen car and truck maker RONN have entered a hydrogen propulsion partnership. The companies, which signed a Letter of Intent (LoI), are expected to develop clean hydrogen electric propulsio
Chinese powerhouses Cosco Shipping Energy and Sinopec Kantons Holdings, a subsidiary of China Petroleum & Chemical Corporation (Sinopec), have signed an order for the construction of three 175,000 cbm liquified natural gas carriers with the compatriot shipbuilder Dalian Shipbuilding Industry Co. Det
Egyptian President Abdel Fattah El- Sisi signed the law of the concession for Container Terminal 2 in East Port Said Port to the Suez Canal Container Terminal (SCCT), majority owned and operated by Maersk’s terminal brand APM Terminals. The contract includes financing, design, development, managemen
Dutch sustainability firm Value Group, which brings together sister companies Value Maritime and Value Carbon, revealed that Shell Ventures has joined Value Group’s investor base to accelerate and expand Value Group’s carbon capture utilisation and storage strategy. Shell Ventures, the corporate ven
The US Department of Energy (DOE) and the Department of the Interior (DOI) have unveiled plans to collaborate and jointly fund research to further support durable and environmentally responsible offshore wind and marine energy deployments in the United States.
Japanese companies Mitsui & Co., Mitsui Chemicals, IHI Corporation and The Kansai Electric Power Co. have signed a memorandum of understanding (MoU) to execute a joint study to establish a hydrogen and ammonia supply chain based in the Osaka coastal industrial zone. Under the MoU, the four companies
The financial cost of building an ammonia-powered gas carrier is poised to outstrip that of an equivalent gas carrier by a staggering 50 to 130 percent over the forthcoming years. The estimate builds upon findings from interviews with actors across the ship finance space including banks, funds, priv
