Canadian pipeline company Enbridge has acquired Tri Global Energy (TGE), the US renewable project developer, to speed up its growth strategy in North America. Enbridge has closed the acquisition for $270 million in cash and assumed debt. Additionally, up to approximately $50 million in payments coul
The US Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has released a $10.3 million funding opportunity to accelerate the development and testing of renewable marine energy technologies with a focus on wave and ocean current resources.
American Burea of Shipping (ABS) and South Korea’s shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) have formed a joint development project to create a decarbonization strategy for DSME’s LNG carrier designs. Signed at Gastech, the project will see ABS and DSME investigate carbon emission
An enormous amount of methane gas has been released into the atmosphere due to the damage to the Nord Stream gas pipelines in the Baltic Sea, according to a report from the Integrated Carbon Observation System (ICOS). The methane emissions are confirmed by ICOS ground-based observations from several
Wood has been awarded two significant offshore contract extensions by Trident Energy and Equinor for services in Brazil.
Denmark-based subsea services provider JD-Contractor has made a strategic move into the growing wave energy sector by forming a partnership with compatriot wave energy developer Exowave.
MISC Berhad (MISC), an owner and operator of liquefied natural gas (LNG) carriers, has strengthened its partnership with ExxonMobil’s unit SeaRiver Maritime with new long-term time charter contracts. MISC’s subsidiaries Polaris LNG Three Pte. Ltd. and Polaris LNG Four Pte. Ltd. have secured long-ter
EverWind Fuels, a Nova Scotia-based developer of green hydrogen and ammonia production, and Svitzer, a Danish towage operator and part of A.P. Moller-Maersk, have signed a memorandum of understanding (MOU) to deploy one of the world’s first green fuel-powered commercial tug vessels in the Canso Stra
Baker Hughes has secured a new service contract for maintenance and monitoring of turbomachinery equipment at Coral Sul FLNG in Mozambique.
C-Innovation (C-I) and Grand Isle Shipyard (GIS) have secured a plug and abandonment contract with Helix Alliance Decom to provide pre-feed services for the decommissioning of three offshore platforms for a “major deepwater client”. In the first phase of the project, C-I provided ROV services to del
International Maritime Industries (IMI), the largest shipyard in the MENA region, has launched Global Maritime Fund (GMF), which aims to provide up to 100% financing for ships and rigs built at IMI’s yard in Ras Al Khair, Saudi Arabia. The independent fund, managed by Pelagic Partners, wants to beco
Chevron U.S.A. Inc., a subsidiary of integrated energy company Chevron, has delivered its first shipment of offset-paired liquefied natural gas (LNG) cargo from the Gorgon project off Western Australia. Chevron said that greenhouse gas (GHG) emissions for the cargo will be fully offset via the retir
Equinor has appointed a new CFO as its current one has decided to step down from the role to pursue a career outside the firm.
Norway’s Salt Ship Design has designed a hull for a harsh environment FPSO, which will serve on Equinor’s Bay du Nord project in Canada.
