Carbon Catalyst has completed the farmout of a 10% interest in a carbon capture and storage (CCS) project in the UK North Sea to Wintershall Dea. Carbon Catalyst reported on November 14 that it had completed the farmout of a 10% working interest in the Poseidon carbon storage license located in the
South Korean shipbuilding major Hanwha Ocean has secured an order worth KRW 656.2 billion (around $498 million) to construct four very large ammonia carriers (VLACs) for Greek shipowner Naftomar Shipping and Trading. According to Hanwha Ocean, each VLAC will be able to transport 93,000 cubic meters
MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has confirmed the order for two new LNG-powered cruise ships at French shipyard Chantiers de l’Atlantique. The ships belong to MSC Cruises’ World Class series, which includes the already-delivered MSC World Europa and MSC World Amer
Norwegian shipping company Odfjell SE has decided to expand its fleet with six newbuildings through a combination of long-term time charter and pool agreements.
After revealing plans to shift its business focus towards the LNG carrier sector, Capital Product Partners L.P. (CPLP) has now entered into an agreement to acquire eleven newbuild LNG carriers for a total price of $3.1 billion. On November 13, CPLP said it had entered into an umbrella agreement with
Dockendale Ship Management and Green Marine have created Dockendale Green Marine Ship Management, the world’s first ship management company exclusively dedicated to methanol-powered ships.
South Korea’s shipbuilding major HD Korea Shipbuilding & Marine Engineering (HD KSOE) has won an order for the construction of two crude oil carriers.
Al Seer Marine and Abu Dhabi Maritime, both based in the United Arab Emirates (UAE), have unveiled the world’s first 3D-printed water taxi.
Norwegian shipowner Ocean Yield AS has agreed to acquire two 2022-built Suezmax tankers that will be chartered out under a sustainability-linked lease agreement.
Despite all the efforts exerted by the governments and companies around the world to reduce carbon emissions and reach ambitious net-zero targets, the new 2023 Production Gap Report shows that global coal, oil and gas productions are still increasing while planned reductions are nowhere near enough
South Korean Hanwha Ocean, formerly known as Daewoo Shipbuilding and Marine Engineering (DSME), has held a steel-cutting ceremony for a new LNG carrier to be built for Norway-based gas shipping company BW LNG. The shipping company shared the update on its social media channels on November 10, 2023,
Japanese shipping company Nippon Yusen Kaisha has taken delivery of Sweet Pea Leader, the latest LNG-fueled pure car and truck carrier (PCTC), at Tadotsu Shipyard, part of Imabari Shipbuilding Group.
The 192MWp floating solar plant, developed by Indonesia’s state-owned utility company PLN and Abu Dhabi Future Energy Company – Masdar, has been put in operation at Cirata hydropower reservoir in West Java, Indonesia.
Glenfarne Energy Transition has selected Baker Hughes to supply gas compression technology equipment for its Texas LNG export terminal to be constructed in the Port of Brownsville, Texas. The order for the gas technology equipment is part of the partnership between Glenfarne’s subsidiary Texas LNG a
