Singapore-based owner and operator of LPG vessels BW LPG has completed the acquisition of Vilma Oil’s LPG trading operations to expand its product services division. The company entered into an agreement with Madrid-based Vilma Oil to acquire its LPG trading operations on 1 August 2022. The product
Ocean Harvesting Technologies has upgraded its InfinityWEC wave energy converter with innovative power take-off (PTO) solution, which is expected to contribute to the reduction of electricity production costs.
Amid ongoing flaring and venting crackdown, the UK’s regulator has launched a probe to look into an undisclosed oil and gas company.
Blue Ocean Seismic Services (BOSS) has completed a series of passive and active seismic trials for its Marine Swarm Robotics technology, putting it on track to commence pre-commercial trials in the second half of 2023. Backed by bp Ventures, Woodside Energy and Blue Ocean Monitoring, BOSS is develop
Russian natural gas supplier Gazprom has decided to set its liquefied natural gas (LNG) production as one of its top priorities. Gazprom’s board of directors expressed its approval of the company’s ongoing projects for the production and supply of LNG. The company noted that the creation of new capa
Danish container shipping major Maersk has set ambitious 2030 targets as part of its 2040 decarbonization strategy that includes having at least a quarter of its ocean cargo transported with green fuels. “Nobody can predict the future, and there is still a lot of uncertainty. In the next 18 years, n
Europa Oil & Gas has decided to relinquish a license offshore Morocco, as its farm-out process did not yield results.
Centre Port Holdings, a UK-based marine and renewable energy infrastructure developer, has unveiled plans for a scheme that will use tidal energy to power a deep sea automated container terminal capable of processing between 1.5 and 4 million containers annually.
Norwegian company Kanfer Shipping AS has signed a partnership deal with Nimofast Brasil S.A. to establish small and medium-scale LNG shipping, small-scale floating storage units (FSU) and LNG bunkering solutions in Brazil from 2025 onwards. The contract will enable Nimofast to sell and deliver LNG o
Pertamina International Shipping (PIS), a shipping unit of Indonesian state-owned oil and gas company Pertamina, has set sights on a $3 billion worth fleet rejuvenation plan. According to Wisnu Santoso, a director at PIS, who was cited by Reuters, the company is looking into both newbuilds and exist
Mediterranean Shipping Company (MSC), the world’s largest ocean carrier by operated container vessel capacity, is exploring retrofitting projects involving various types of fuels including LNG and methanol. The two solutions remain the key options for owners that want to act today on lowering their
Italian cabling giant Prysmian Group is investing approximately €200 million in a new cable-laying vessel which will be equipped with a battery pack for a total power of 3 MW. The new 170-meter-long vessel will be built by the VARD Group, a subsidiary of the Fincantieri Group, just like Leonardo da
Germany’s gas company VNG AG and French renewable energy producer Total Eren have announced plans to collaborate on the development of green ammonia imports in Europe. In line with this, the companies have signed a cooperation agreement concerning the import of green hydrogen in the form of ammonia
Norwegian company Sunlit Sea has moved its production facility to new premises as it looks to step up the industrialization of its floating solar technology.
