Norwegian-born Cypriot oil tanker and shipping billionaire businessman John Fredriksen is looking to gain full control over Bermuda-based liquefied petroleum gas (LPG) transportation company Avance Gas Holding. On 4 October, Frederiksen’s Hemen Holding Limited submitted a mandatory offer to acquire all issued shares in Avance Gas it does not already
Norwegian cleantech company TECO 2030 has been granted approval in principle (AiP) from classification society DNV for its hydrogen fuel cell system and three versions of its fuel cell module. The TECO 2030 Marine Fuel Cell is the first fuel cell system in the world that is specifically designed for
Malaysian energy giant Petronas’ first floating (FLNG) facility, PFLNG Satu, has marked another milestone by delivering its 50th LNG cargo. Courtesy of Petronas On 25 September 2021, the milestone cargo was loaded onto the Seri Cemara LNG carrier for shipment to Taiwan. MISC Berhad operates the vessel. Thus, Petronas marks
Nexans has secured a turnkey contract to supply and install a deep-water high voltage dynamic cable solution for the Jansz-Io Compression (J-IC) project offshore Western Australia. Nexans will deploy a power and communication transmission system from the shore to the offshore compression facilities, which will sit at a water depth
NYC-based investment firm Stonepeak Infrastructure Partners is to buy Bermuda-based shipping company Teekay LNG Partners for about $6.2 billion. Illustration only; Courtesy of Teekay The parties have entered into an agreement and plan of merger, or, so-called the merger agreement. Under this deal, Stonepeak will buy all the issued and
Thailand’s national oil and gas company PTTEP has appointed a new Chief Executive Officer (CEO) who will work to strengthen the company’s E&P business and prepare for the expansion into the renewable energy. Following his appointment last Friday, PTTEP’s new CEO Montri Rawanchaikul had announced his aspiration to strengthen the
French engineering company Technip Energies said its board of directors wants to nominate Net Zero Technology Centre’s CEO Colette Cohen for appointment as a non-executive director. Illustration only; Courtesy of Technip Energies This will take place at the company’s 2022 annual general meeting of shareholders (AGM). Until then, Colette Cohen
Japan’s shipping major NYK Line has revealed it has hired South Korean shipyard Samsung Heavy Industries (SHI) to build four new liquefied natural gas (LNG) carriers. As informed, the new vessels will be equipped with WinGD-made dual-fuel slow-speed diesel engines and can operate on marine gas oil or boil-off gas
In this In Focus column, we report on initiatives that reduce the ecological footprint of the offshore energy and maritime industry. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Subscribe to continue Become a PREMIUM Subscriber Do not want to miss out