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Illustration/Tidal turbines for the RITE project in New York, developed by US-based company Verdant Power (Courtesy of Verdant Power)
Authorities & Government

United States makes available additional $10M for tidal energy

The US Department of Energy (US DOE) has expanded its largest ever investment in tidal energy with additional $10 million, reserved for community-led tidal and current energy projects.

about 3 years ago
World’s largest shallow draft LNG carrier wraps up sea trials
Vessels

World’s largest shallow draft LNG carrier wraps up sea trials

Dapeng Princess, the world’s largest shallow draft liquefied natural gas (LNG) carrier, has completed its sea trial and gas trial.

about 3 years ago
Shelf Drilling jack-up rig wraps up drilling assignment off Oman
Business & Finance

Shelf Drilling jack-up rig wraps up drilling assignment off Oman

Masirah Oil, a subsidiary of Singapore’s Rex International, has completed its drilling campaign off Oman with Shelf Drilling’s jack-up rig.

about 3 years ago
Sembcorp Marine delivers final zero-emission battery-powered RoPax to Norled
Business Developments & Projects

Sembcorp Marine delivers final zero-emission battery-powered RoPax to Norled

Singapore-based shipbuilder Sembcorp Marine has completed the final unit of three identical fully battery-operated roll-on/roll-off passenger (RoPax) ferries for Norwegian ferry operator Norled. On 9 January, Sembcorp Marine said it had marked the sailaway of the final unit, following the vessel’s h

about 3 years ago
Euronav-Frontline merger
Business & Finance

Frontline pulls the plug on the highly anticipated $4.2 bln merger with Euronav

Norwegian tanker owner and operator Frontline has terminated the combination agreement it entered into with Belgian counterpart Euronav in July 2022, the company revealed on Monday in a sudden turn of events. The stock-for-stock merger deal would have created a global oil tanker operator valued at $

about 3 years ago
Fugro and Enviros mapping out wind areas offshore Norway
Business Developments & Projects

Fugro and Enviros mapping out wind areas offshore Norway

The Norwegian Petroleum Directorate (NPD) has awarded contracts to the companies Fugro and Enviros to map the shallowest strata under the seabed with the objective of locating sites that are best suited for the placement of wind turbines. Fugro has been awarded the contract for the Sørlige Nordsjø I

about 3 years ago
TECO 2030’s FCM400 development enters final stages
Business Developments & Projects

TECO 2030’s FCM400 development enters final stages

Norway’s cleantech company TECO 2030 has completed the selection of all major component suppliers and procured the necessary parts for the first fuel cell modules FCM400, bringing the modules’ development close to completion. The first units are now ready for assembly, with the project now shifting

about 3 years ago
Archer increases 2023 guidance as it closes purchase of P&A specialist
Business & Finance

Archer increases 2023 guidance as it closes purchase of P&A specialist

Oilfield services provider Archer has closed the acquisition of plug and abandonment (P&A) specialist Romar-Abrado, increasing its guidance for this year. The acquisition is based on an enterprise value of $8 million, plus earn-out pending trading performance over 2023 to 2025, and is conducted on a

about 3 years ago
MOL unveils new name, color design for LNG-powered car carriers
Vessels

MOL unveils new name, color design for LNG-powered car carriers

Japanese shipping major Mitsui O.S.K. Lines (MOL) has revealed a new name and a new hull color design for its car carriers, which are primarily fuelled by environment-friendly liquefied natural gas (LNG).

about 3 years ago
Additional work in Nigeria extends Dolphin Drilling rig’s backlog
Business & Finance

Additional work in Nigeria extends Dolphin Drilling rig’s backlog

Dolphin Drilling has received a new Letter of Award (LOA) for a semi-submersible rig, which will prolong the rig’s assignment off Nigeria.

about 3 years ago
Shelf Drilling secures more work for jack-up rig off Egypt
Business & Finance

Shelf Drilling secures more work for jack-up rig off Egypt

UAE-headquartered Shelf Drilling has won a contract extension for one of its jack-up rigs for operations off Egypt.

about 3 years ago
Kiasma joins Zero Emission Dredging Hub ZEDHub
Research & Development

Kiasma joins Zero Emission Dredging Hub ZEDHub

Kiasma, an Italian manufacturer of TP-E (anti-abrasive) pipes, floats and systems specialized for the dredging sector, has joined the ZEDHub (Zero Emission Dredging Hub) Community as the only Italian company – supplier of Technology and Systems. This collaboration is the result of years of research

about 3 years ago
America’s burning question: To drill or not for more oil & gas
Authorities & Government

America’s burning question: To drill or not for more oil & gas

Should the U.S. scale up investments in oil and gas along with the deployment of renewables and clean energy technologies?

14 minutes read
Plans unveiled for first Chilean ‘home-made’ wave energy device
Business Developments & Projects

Plans unveiled for first Chilean ‘home-made’ wave energy device

Chilean University of Bío-Bío has presented its Lafkenewen wave energy device project in the commune of Lebu, in southern Chile, aimed to supply electricity to local tourist sector.

about 3 years ago
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