Seaway 7, part of the Subsea7 Group, plans to raise $650 million through the issuance of new equity and debt, primarily to finance its two newbuild vessels, Seaway Alfa Lift and Seaway Ventus. Both vessels are anticipated to be delivered during 2023 and to enter operations in the first half of 2024.
PaxOcean Nanindah Mutiara Shipyard has won a contract with Indonesia’s PT Ketrosden Triasmitra for the conversion of a Norway-built platform supply vessel (PSV) into a subsea cable laying vessel (CLV). The cable layer will be equipped with a remotely operated vehicle (ROV) and plough system. PaxOcea
BW Offshore has received a short-term contract extension for an FPSO operating for Vaalco offshore Gabon.
Netherlands-based company Hydrokinetic Power Generation Systems (HPG) has deployed its vertical axis tidal turbine at the SEENEOH test site in Bordeaux, France.
With less than four months until the entry into force of the IMO’s carbon intensity indicator (CII) and Energy Efficiency Existing Ship Design Index (EEXI), fears are being raised that the tanker sector might emit higher CO2 emissions as it adjusts trading patterns to attain the required rating. Wit
Governor of New York Katy Hochul has announced $16.6 million in awards for five long-duration energy storage projects as well as an additional $17 million in competitive funding available for projects that advance the development and demonstration of scalable long-duration energy storage technologie
Repsol has been forced once again to temporarily shut down its Yme field located in the North Sea offshore Norway due to technical issues.
The European Commission has assessed and endorsed the Netherlands’ recovery and resilience plan worth €4.7 billion, a big chunk of which will go toward clean energy and decarbonisation, including projects related to offshore wind, green hydrogen, and sustainable shipping. The Dutch Government comple
German battery technology company Freudenberg e-Power Systems has received type approval by Italian classification society RINA for the methanol-powered fuel cell system — the world’s first of its kind to become type approved.
The Duyung PSC partners have submitted an updated plan of development (PoD) for a gas project off Indonesia with first gas expected in 2025.
A joint venture of Van Oord and DEME has won a contract from Allseas for the Darwin Pipeline Duplication Project located offshore Northern Australia. Van Oord and DEME will be responsible for providing support for the shallow water pipeline installation scope in Northern Territory waters, including
Egyptian president Abdel Fattah El-Sisi has met with the founder of Fortescue Future Industries (FFI), a subsidiary of Australian iron ore company Fortescue Metals Group, to discuss the development of green energy projects in the region as the country prepares to host the 2022 United Nations Climate
Wallenius Sol’s multi-fuel vessel Botnia Enabler was christened in the Port of Skellefteå, Sweden, last week. The vessel has been described as the world’s biggest ice-rated ConRo vessel, spanning 242 meters in length overall and 35.2 meters in beam. The 28,000 DWT vessel has a cargo capacity of 6,44
The volatility within the energy market has forced nations to look inward for solutions to this global issue and cut their reliance on energy imports or diversify their sources of supply. Looking longer-term, if this approach becomes a policy and not a one-off solution to a one-off problem, this kin
