Enabling Future Arrays in Tidal (EnFAIT), the flagship EU tidal energy project, has reduced the cost of tidal energy by 15 per cent and grown its supply chain from four to 14 EU countries, just 18 months after its launch.EnFAIT is an academic…
Read more
Saudi Aramco to Buy LNG from US
Saudi Arabia’s state owned oil company Saudi Aramco will buy 5 million tons of liquid natural gas per year(LNG) from the U.S. company Sempra Energy, based in San Diego under a 20 year agreement.The heads of agreement (HOA) between the companies…
Read more
PSA, PFR, IFM Jointly Acquire DCT GDAŃSK
PSA International Ptd Ltd (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) managed by IFM Investors have completed the transaction to jointly acquire DCT Gdańsk, the largest container terminal in Poland.DCT…
Read more
Iran, Iraq to Dredge Arvand river
Iran and Iraq have agreed to solve the issue of dredging of Arvand River (Shatt al-Arab) in Iranian southwestern city of Khorramshahr in Khouzestan.Based on the agreement reached, it was decided to establish a temporary technical committee with…
Read more
Pacific Radiance Wins Case Against Chinese Yard
Singapore-based offshore vessel operator Pacific Radiance has won an arbitration award against a Chinese shipyard in a case involving two cancelled platform supply vessels (PSVs).The arbitral award provides for the refund of the pre-delivery…
Read more
Race Against WW II Shipwrecks Oil Spill
A remediation programme to protect island ecosystems from damage caused by oil pollution from World War II wrecks sunk in the Pacific Ocean will launch in Newcastle Harbour today (Thursday 23 May).The programme is the result of a partnership between Ma...
Read more
Solstad Offshore Bags New PSV Contracts
Norwegian offshore service and supply ship shipping company Solstad Offshore has been awarded contracts for two platform supply vessels (PSVs) in Norway.Solstad said in a press release that Wintershall Dea had awarded a 10-well firm plus options…
Read more
Old mold: Fossil of world’s earliest fungus unearthed in Canada
Microfossils of a globular spore connected to a T-shaped filament excavated in an Arctic region of northwestern Canada represent the oldest-known fungus, a discovery that sheds light on the origins of an important branch in Earth's tree of life.
Read more
TenneT Issues EUR1.25bln Green Bond
Netherlands-based transmission system operator TenneT Holding B.V. has launched and priced another Green Bond issue of EUR 1.25 billion, with proceeds set to be used for investing in offshore wind.The Green Bond issue is split in two tranches…
Read more
Peel Ports Acquires Quality Freight
Peel Ports Group has announced that it has acquired Quality Freight (UK) Limited, which provides chartering and a range of port services operating from a 40 acre multimodal facility at Ellesmere Port in Cheshire.The value of the transaction has not bee...
Read more