Samsung Heavy to work along with BASF for onboard carbon capture tech

South Korean shipbuilder Samsung Heavy Industries has partnered with German chemicals giant BASF to evaluate the feasibility of capturing carbon dioxide onboard vessels utilising the latter’s OASE blue technology for flue gas applications. Under a memorandum of understanding, the scope of the collaboration will include a marinisation study and engineering design and construction of the

UTM Offshore signs an agreement with Afreximbank for FLNG project financing

Afreximbank bank will part-finance activities designed to progress the first Floating Liquefied Natural Gas (FLNG) project in Nigeria being developed by UTM Offshore Limited. As per the deal, a continuation of the support of Afreximbank, which has been leading UTM’s fundraising efforts to secure the necessary investments required for the project’s implementation. In line with

ABB, WOM to work together for FLNG projects

ABB and Wison Offshore & Marine (WOM) have agreed to work together on the development and implementation of floating liquefied natural gas (FLNG) facilities worldwide. FLNG facilities make the production, liquefaction, and storage of natural gas possible at sea, from where it can be shipped directly to customers around the world. By optimizing and standardizing