Swedish ferry company Stena Line has launched its second methanol-ready NewMax hybrid ferry at China Merchants Jingling Shipyard. The post Stena Line splashes second methanol-ready NewMax hybrid ferry appeared first on Offshore Energy.
As a response to a number of recent subsea cable incidents that caused disruptions […] The post EU responds to recent incidents with action plan aiming to bolster security of submarine cables appeared first on Offshore Energy.
The Nigerian National Petroleum Corporation (NNPC) Shipping, Swedish Stena Bulk and Nigerian Caverton Marine have launched a new joint venture that aims to transform Nigerian maritime transportation. The post NNPC Shipping, Stena Bulk and Caverton Marine form Nigeria-focused joint venture appeared first on Offshore Energy.
Four Japanese companies—Kawasaki Kisen Kaisha (K Line), Kyokuyo Shipyard Corporation, Mitsui E&S Shipbuilding, and Sumitomo Heavy Industries Marine&Engineering—have joined the collaborative cross-industry Digital Twin Project, an initiative that aims to accelerate the adoption of digital twins. The post Digital Twin Project welcomes 4 new Japanese maritime companies appeared first on Offshore Energy.
Finland-based marine engineering company Deltamarin has secured a contract to design and engineer upsized methanol dual-fuel Shaper Class pure car and truck carriers (PCTCs) ordered by Norwegian shipping company Wallenius Wilhelmsen at China Merchants Jinling Shipyard (Jiangsu). The post Deltamarin secures design work for Wallenius Wilhelmsen’s upsized Shaper class PCTCs appeared first on Offshore Energy.
UK-based company Global OTEC is preparing to deploy its floating cylindrical hull into the […] The post Global OTEC prepares for first deployment in Atlantic Ocean (Video) appeared first on Offshore Energy.
Italy’s energy major Eni has secured the status of a preferred off-taker of renewable […] The post Italy’s Eni to off-take renewable energy from Albania via planned 1 GW subsea link appeared first on Offshore Energy.
Norwegian renewable energy firm Alotta, in collaboration with compatriot fish farming company Emilsen Fisk, […] The post Norway’s northernmost floating solar plant to power fish farm appeared first on Offshore Energy.
The comments from CEO Francois Jackow followed President Trump’s decision to freeze federal funding for clean energy projects, and came as Air Liquide announced in an earnings call that it expects more final investment decisions (FID) to be pushed back to the second half of this year as customers wait on policy and economic clarity. Read more: Air Liquide grapples with FID slowdowns At times of great uncertainty, the priority is to cloak projects in as many de-risking layers as possible. Air Liquide is partnering with ExxonMobil’s Baytown project in Texas, investing up to $850 million to build, own and operate four large modular air separation units as well as related infrastructure. It will produce a daily volume of 9,000 tonnes of oxygen which will be used by ExxonMobil’s Autothermal Reformers (ATR) to produce low-carbon… Read More »Project realities set in for Tier One majors
Air Products has exited three major US projects as its new management focuses on streamlining its backlog and prioritising initiatives that the company believes will drive shareholder value. The write-downs that attach to the three projects are large, with Air Products expecting a pre-tax charge of up to $3.1bn in its fiscal 2025 second quarter. The costs are spread across asset write-downs and penalties and costs that attach to the termination of contractual commitments. The three projects are the World Energy sustainable aviation fuel (SAF) expansion, the Massena green hydrogen project in New York, and a Texas-based carbon monoxide facility. All three projects were announced during Seifi Ghasemi’s tenure as President, CEO, and Chair. The new CEO, Eduardo Menezes, who took the reins earlier this month, has moved quickly. The World Energy project was a… Read More »Air Products axes three major US projects and expects $3.1bn write-down