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FPSO FPF – 003; Source: Petrofac
Business & Finance

New upstream energy investment player snaps up three offshore production vessels

Samos Energy has completed its first acquisition by getting its hands on all shares of PetroFirst, a floating energy infrastructure owner.

about 3 years ago
Illustration/Nova Innovation's turbine being deployed in Shetland (Courtesy of Nova Innovation)
Authorities & Government

New report looks into policy support for cost-effective delivery of wave and tidal stream power

The University of Edinburgh’s Policy and Innovation Group has released a new report which quantified the specific policy support mechanisms, and the associated costs, that will be required to accelerate the wave and tidal stream energy sectors towards commercial deployment.

about 3 years ago
thyssenkrupp’s hydrogen business receives €526 million boost
Business & Finance

thyssenkrupp’s hydrogen business receives €526 million boost

German-based engineering company thyssenkrupp has floated its hydrogen business thyssenkrupp nucera on the Frankfurt Stock Exchange (Prime Standard), supporting the company’s growth in the hydrogen market. Specifically, the gross proceeds from the IPO of around €526 million will go to thyssenkrupp n

about 3 years ago
Fugro to collect data off Norway needed for 'sustainable development of new marine industries'
Business & Finance

Fugro to collect data off Norway needed for ‘sustainable development of new marine industries’

Fugro has been appointed to carry out a hydrographic survey offshore Norway to collect datasets that are said to be essential for the sustainable development of new marine industries such as offshore wind. The contract is the latest in a series that Fugro secured with the Norwegian Hydrographic Serv

about 3 years ago
CCS grants 1st approval for ammonia and methanol valves in South Korea
Business Developments & Projects

CCS grants 1st approval for ammonia and methanol valves in South Korea

China Classification Society (CCS) has granted the first approval in principle (AiP) for ammonia and methanol valves in South Korea.

about 3 years ago
NAGA 3 rig; Source: Velesto Energy
Business & Finance

Velesto confirms ongoing drilling gig for jack-up rig

Velesto has secured work with an estimated combined contract value of $13 million for one of its jack-up rigs for drilling ops in Malaysia.

about 3 years ago
Seaway7 Seagreen EPCI cables scope
Business Developments & Projects

Seaway7 completes EPCI cables scope on Scotland’s largest offshore wind farm

Seaway7 has completed the full engineering, procurement, construction, and installation (EPCI) cables scope on the Seagreen wind farm offshore Scotland, a joint venture project between SSE Renewables and TotalEnergies. The inter-array cable team completed the termination and testing last weekend and

about 3 years ago
Saudi Arabia and France form energy alliance, H2 and electricity in focus
Authorities & Government

Saudi Arabia and France form energy alliance, H2 and electricity in focus

Saudi Arabia and France have agreed to strengthen their cooperation in the field of energy, acknowledging that energy is one of the main pillars of their mutual long-term partnership. The two countries affirmed their commitments by signing a Memorandum of Understanding (MoU) on 2 February 2023. Both

about 3 years ago
Karoon Energy
Business & Finance

Revised resource assessment at oil discovery off Brazil seen as ‘good step forward’

Australia’s oil and gas company Karoon Energy has updated its contingent resource estimates for a field offshore Brazil.

about 3 years ago
CWEI and HPE staff at the Phase 3 tank testing in Cantabria, Spain (Courtesy of Carnegie Clean Energy)
Business & Finance

Carnegie Clean Energy moves forward with EuropeWave project

Carnegie Clean Energy, through its wholly owned subsidiary CETO Wave Energy Ireland (CWEI), has applied to the tender for the third phase of EuropeWave project, requesting approximately €3.75 million to deliver a CETO wave energy prototype at a European test site.

about 3 years ago
UK consultancy takes on work related to FPSO decommissioning in Timor Sea
Business & Finance

UK consultancy takes on work related to FPSO decommissioning in Timor Sea

Energy consultancy Xodus has secured a contract to provide technical and project support services for the decommissioning of a floating production storage and offtake facility (FPSO) located in the Timor Sea off Australia. Xodus will be working on behalf of the Australian Government, providing advic

about 3 years ago
Peninsula supplies Norden’s bulk carrier with biofuel
Business Developments & Projects

Peninsula supplies Norden’s bulk carrier with biofuel

Maritime fuel supplier Peninsula has completed its first sustainable biofuel delivery to Norden’s bulk carrier La Luna in Gibraltar.

about 3 years ago
Tilbury Port, RWE and Mitsui join hands on hydrogen project
Business Developments & Projects

Tilbury Port, RWE and Mitsui join hands on hydrogen project

German energy company RWE, Japanese trading company Mitsui & Co. and Port of Tilbury have joined forces to develop hydrogen projects at the port.

about 3 years ago
Centrica and Delfin Midstream sign $8 billion LNG supply deal
Business & Finance

Centrica and Delfin Midstream sign $8 billion LNG supply deal

U.K.-based energy company Centrica and U.S.-based LNG export infrastructure development company Delfin Midstream have entered a sale and purchase agreement (SPA) for 1 million tons per annum (MTPA) of LNG for 15 years on a free-on-board (FOB) basis at the Delfin Deepwater Port, located 40 nautical m

about 3 years ago
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