South Korean POSCO Holdings, its subsidiary POSCO International and UAE’s Abu Dhabi National Oil Company (ADNOC) have signed a strategic cooperation agreement (SCA) for a joint investigation of clean hydrogen production business. Courtesy of POSCO International According to the agreement, the three parties will jointly propel the production and supply
Chilean ammonium nitrate producer Enaex and NYK Bulk & Projects Carriers (NBP), a subsidiary of Japanese shipping major NYK Group, have signed a memorandum of understanding (MoU) to jointly research the feasibility of supplying low-carbon ammonia to ammonia-fueled ships. Courtesy of NYK Under the MoU, Enaex and NBP will work
Allseas has completed the infield pipelay scope for BP’s ultra-deepwater Greater Tortue Ahmeyim (GTA) LNG project offshore Mauritania and Senegal, two months after arriving at the field. Source: Allseas The pipelay scope comprises approximately 75 kilometers of two 16-inch export lines and 10 kilometers of four 10-inch CRA infield lines,
Glander International Bunkering and Asyad Shipping have signed a multi-fold agreement to work on an AI-based propulsion system, a digitalized bunker procurement solution, and comprehensive bunker management. Glander International Bunkering As informed, the agreement was signed by Carsten Ladekjær, CEO of Glander International Bunkering, and Imad Said Al Khadouri, CCO of
Norwegian clean energy company Horisont Energi is about to wrap up corporate restructuring, transferring all rights and obligations related to clean ammonia, CO2 transportation and storage, and CO2 infrastructure into three separate and wholly-owned subsidiaries. Courtesy of Horisont Energi The corporate restructuring was proposed on December 22, 2023, at the
Dutch energy storage systems provider EST-Floattech has received an investment of €4 million from Energy Transition Fund Rotterdam and existing shareholders to advance the electrification of the shipping industry. EST-Floattech The Energietransitiefonds Rotterdam, the investment fund of the municipality of Rotterdam, will contribute €3 million as the fund’s first investment
UK-based tech firm Armada Technologies has signed a contract with Bermuda-based LNG carrier owner and operator Cool Company (CoolCo) to install an air lubrication system on a CoolCo’s vessel. Armada Technologies As informed, the technology will be installed on a CoolCo’s ship scheduled to dry dock in 2024. Once commissioned,
Australian company Venice Energy has signed a new commercial understanding with AG&P LNG, a subsidiary of AG&P Group and developer of LNG terminals and downstream infrastructure, that guarantees that Venice Energy’s Outer Harbor LNG project at Port Adelaide will receive a converted FSRU. The new development was shared by Venice
South Korean shipbuilder HD Korea Shipbuilding & Offshore Engineering (HD KSOE) has received an order to build two very large ammonia carriers (VLACs) for a shipping company based in Africa. Illustration; Image credit HD HHI The contract is valued at KRW 322.8 billion (about $241.3 million), HD KSOE said in
Norwegian state-owned energy major Equinor and Indian fertilizer and petrochemical company Deepak Fertilisers and Petrochemicals Corporation Ltd. (DFPCL) have signed a 15-year agreement for supplies of liquefied natural gas (LNG) with deliveries starting in 2026. Hammerfest LNG; Image: Harald Pettersen / © Equinor Equinor’s portfolio, based on LNG from the