SFC Energy, a Germany-based supplier of hydrogen and methanol fuel cells for stationary and mobile hybrid power supply solutions, and FC TecNrgy, India’s fuel cell-based alternate energy and power management solution provider, have entered into a strategic cooperation agreement to build a new manufa
The Green Ray project, led by a consortium of companies across the shipping supply chain, has won funding from the European Union to develop solutions minimizing methane slip from marine engines. The funding worth €7 million has been secured through Horizon Europe, the EU’s key funding program for r
AET, the petroleum arm of MISC Group, has signed a memorandum of understanding (MoU) with PETCO Trading Labuan Company Ltd (PTLCL), an indirect wholly-owned unit of Petronas, to explore a potential collaboration for deploying a future zero-emission ammonia-powered Aframax. For AET, this MoU for the
Saipem is pooling resources with Eni to add renewable fuels to its arsenal, which would be used for its drilling and construction vessels.
Energy company Vertex Hydrogen, a joint venture between Essar Oil UK and Progressive Energy, has signed agreements to supply over 1,000 MW of low-carbon hydrogen to industrial names in the UK. Currently, the company is developing the UK’s first large-scale low-carbon hydrogen production hub at Essar
The Prince Rupert Port Authority (PRPA) is marking the tenth anniversary of its Green Wave program, which provides financial incentives to shippers who voluntarily invest in environmentally sustainable practices. Since 2013, commercial vessels have been assessed and allotted savings on their harbour
Israeli shipping company ZIM Integrated Shipping Services and Hai An Transport and Stevedoring (HATS) have launched Lotus Link, a joint venture to operate domestic shipping services in Vietnam.
SBM Offshore is working on several FPSO projects and two of these vessels are expected to achieve the first oil this year.
Belgian green hydrogen company Tree Energy Solutions (TES) and Zurich-based energy provider Energie 360° have teamed up to supply green energy to the industry and support each other in achieving their decarbonisation goals. To this end, the companies have signed a letter of intent under which TES ai
Saipem and Seaway7 have entered into a commercial collaboration agreement to jointly identify, bid and execute fixed offshore wind projects. Saipem and Seaway7 will pursue selected projects where the combined utilisation of the companies’ complementary assets, technologies, products, and competencie
Singapore-based container shipping Pacific International Lines (PIL), marine energy solutions provider and trader KPI OceanConnect, and marine fuel supplier Bunker One have carried out their first live electronic marine fuel inventory statement for an overseas delivery through the Singapore Trade Da
Finnish technology group Wärtsilä has signed a five-year renewal of its existing maintenance agreement with Norway’s Höegh LNG Fleet Management (HLNG). The renewed agreement includes the delivery of spare parts and field maintenance services, as well as Wärtsilä’s latest digital solutions, and exten
Chevron has inked a memorandum of understanding (MoU) on methane management with Egypt’s Ministry of Petroleum and Mineral Resources.
Eidesvik Offshore and Reach Subsea have formed a joint venture for the ownership and operation of the subsea inspection, maintenance, and repair (IMR) vessel Edda Sun, with Eidesvik as the majority stakeholder. Through the formation of the JV, the Norwegian companies have partnered up to acquire the
