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Shah Deniz gas field offshore Azerbaijan; Source: Southern Gas Corridor (SGC)
Business & Finance

German firm pens 10-year gas deal with Azerbaijan’s SOCAR

Germany’s Securing Energy for Europe (SEFE) has secured a multi-year import of natural gas by inking an agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR), fortifying Europe’s energy security.

about 1 year ago
Wärtsilä
Infrastructure

Wärtsilä hybrid propulsion for Vertom’s pink MPP quartet

Finnish technology group Wärtsilä will has been contracted to supply an integrated hybrid propulsion solution for four new 10,700 dwt geared tween decker vessels being built for Dutch ship owner Vertom Group.

about 1 year ago
Illustration; Source: McDermott
Business Developments & Projects

McDermott debuts resource efficiency tool for energy projects

U.S. offshore engineering and construction player McDermott has introduced a tool for assessing circularity across its energy infrastructure projects.

about 1 year ago
Oseberg East field; Source: Øyvind Hagen/Equinor
Business & Finance

Baker Hughes picks up P&A gig at North Sea oil field

Baker Hughes has landed a new assignment with Norway’s state-owned energy giant Equinor to handle plug and abandonment (P&A) operations at a North Sea field on the Norwegian Continental Shelf (NCS) and provide project management services on behalf of the operator.

about 1 year ago
Agreement signed for first offshore wind-powered underwater data center in China
Business & Finance

Agreement signed for first offshore wind-powered underwater data center in China

A newly launched project in China is set to build what the project partners say will be the world’s first commercial underwater data center powered by offshore wind. The project will be developed in two phases, with the first phase being a demonstration facility and the second phase scaling up the c

about 1 year ago
Two vessels side by side at sea
Business Developments & Projects

More capacity slots up for grabs at Italy’s regasification terminal

Italy’s floating regasification terminal operator OLT Offshore LNG Toscana, controlled by Snam and Igneo Infrastructure Partners, intends to hold capacity allocation auctions without expressions of interest for regasification capacity at its floating storage and regasification unit (FSRU) moored off

about 1 year ago
LR2
Infrastructure

World’s ‘first’ wind-assisted LR2 tanker named in China

Brands Hatch, believed to be the world’s first wind-assisted long-range 2 (LR2) tanker, has been named in China.

about 1 year ago
Illustration: Odfjell Technology
Business & Finance

UK-US partnership sets its cap on enhancing oilfield market offerings

Odfjell Technology (OLT) and Oilfield Service Professionals (OSP) have forged a bond to advance operational performance, efficiency, and innovation across international oilfield markets.

about 1 year ago
Hereon: Offshore hydrogen production affects the North Sea
Environment

Hereon: Offshore hydrogen production affects the North Sea

Offshore green hydrogen production in the German Bight may affect the North Sea’s marine environment, according to a new study by German research institute Helmholtz-Zentrum Hereon that highlights how waste heat from electrolysis could alter local water temperatures and sea stratification.

about 1 year ago
Seaturns' wave energy device. Source: Seaturns
Business Developments & Projects

Seaturns to deploy full-scale wave energy device at offshore test site in 2025

French wave energy developer Seaturns has signed an agreement with the OPEN-C Foundation to deploy a full-scale wave energy demonstrator at the SEM-REV offshore test site near Le Croisic, with installation scheduled for summer 2025. According to Seaturns, the move follows the completion of reduced-s

about 1 year ago
A man seen from behind
Business Developments & Projects

North Sea helifuel deal with ‘major’ operator goes to UK player

Scotland-headquartered provider of energy solutions OEG has won a multi-year helifuel services contract with what it says is a major UK operator.

about 1 year ago
Hywind Tampen, a floating wind power project intended to provide electricity for the Snorre and Gullfaks offshore field operations in the North Sea - energy transition
Research & Development

Brazil’s oil & gas major opens offshore wind tender

Petrobras, a Brazilian state-owned oil and gas company, has issued tenders for geophysical and geotechnical studies to explore the feasibility of an offshore wind pilot project off the coast of Rio de Janeiro. The first tender covers the acquisition, processing, and interpretation of geophysical dat

about 1 year ago
Ahti
Collaboration

UPM, Spliethoff’s Bore join Ahti Pool to ensure FuelEU compliance

Finnish material solutions company UPM and compatriot shipping company Bore, part of Dutch shipping company Spliethoff Group, have joined Ahti Pool to promote the decarbonization of shipping operations and comply with the FuelEU Maritime regulation.

about 1 year ago
Transocean Barents rig is on drilling duty with OMV Petrom in Romanian Black Sea; Source: OMV Petrom
Business & Finance

Another exploration well on duo’s drilling agenda in Black Sea

Southeastern Europe’s integrated energy player OMV Petrom and NewMed Energy Balkan, a subsidiary of Israel’s NewMed Energy, have set their sights on drilling a second exploration well at a block in the Black Sea off the coast of Bulgaria.

about 1 year ago
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