U.S. offshore engineering and construction player McDermott has secured a contract defined as sizeable with Brazilian oil & gas player Brava Energia for the transport and installation of flexible pipelines, umbilicals and associated subsea equipment offshore Brazil. Under the contract worth between
ADNOC has tucked a new construction milestone under its belt with the load-out and transport of the first jacket for its multibillion-dollar giant sour gas development, which aims to become the world’s first project to operate with net-zero emissions.
The National Wealth Fund (NWF), the UK’s sovereign wealth fund, intends to make a multi-million equity investment in the development that will store CO2 emissions in the East Irish Sea.
Enagás, NaTran, and Teréga have signed a shareholders agreement to create a joint venture for developing BarMar, the renewable hydrogen pipeline between Barcelona, Spain, and Marseille, France, and a part of the European H2med project.
South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE), an arm of HD Hyundai, has joined forces with Cochin Shipyard Limited (CSL), the largest state-owned shipbuilder in India, to set up long-term cooperation in the vessel construction sector. As disclosed, the deal marks a ‘full-scal
As its existing Chief Operating Officer (COO) is ready to retire, London-based independent upstream player Viaro Energy has revealed the name of the new COO, who will step into the role next month.
U.S.-headquartered energy technology giant Baker Hughes and Danish gas distribution operator Evida have established a partnership to collaborate on developing and enabling CO2 transport solutions across Denmark to back the country’s CO2 reduction goals. The strategic collaboration agreement, signed
Exail, a subsidiary of Exail Technologies, has been hired to provide 30 Quadrans attitude and heading reference systems (AHRS), which will be installed on floating production, storage, and offloading units (FPSOs) working off the coast of Brazil for Petrobras, the country’s state-owned giant.
In today’s world and maritime industry, port-side residents, port workers, seafarers, passengers, and regulators alike are justified in asking why ships are still billowing black smoke in ports and what the viable solutions are, says Victor Åkerlund, Chief Analytics and Sustainability Officer at Pow
Subsea7 has secured an engineering, procurement, commissioning and installation (EPCI) contract offshore Egypt for flexible pipelines, umbilicals, and associated subsea components for a tie-back to existing infrastructure. Subsea7 said the contract was a sizeable one, meaning it is worth between $50
French wave energy developer Seaturns has secured €2.45 million to support the industrialization and deployment of its wave energy technology, following a fundraising round backed by 1,543 investors on the LITA.co platform. According to Seaturns, the round also included contributions from long-stan
Bermuda-headquartered offshore drilling contractor Valaris Limited has won a contract extension for one drillship and a new contract for another with Anadarko Petroleum Corporation, a wholly-owned subsidiary of Occidental, in the Gulf of America.
MethaneSAT has lost contact with a satellite developed to shed light on methane emissions that other tools cannot detect, with a focus on oil and gas operators as the largest industrial source of the methane menace.
Perenco has pinpointed a new production sharing contract (PSC) for an offshore block as a stepping stone toward a final investment decision (FID) for the development of a gas and condensate field off the coast of Vietnam, Southeast Asia.
