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Aras Driller jack-up rig; Source: Ocean Oilfield
Business & Finance

44-year old rig crosses the finish line at offshore drilling job in UAE

Ocean Oilfield Integrated Solutions has confirmed the completion of an offshore drilling assignment, which one of its jack-up rigs carried out off the coast of the United Arab Emirates (UAE).

about 1 year ago
HMM’s newbuild receives methanol at Port of Shanghai
Business Developments & Projects

HMM’s newbuild receives methanol at Port of Shanghai

South Korean shipping major HMM has completed methanol bunkering for its first methanol-powered containership, HMM Green.

about 1 year ago
Japanese players join forces to expedite CCS project development
Business Developments & Projects

Japanese players join forces to expedite CCS project development

Japan’s Inpex Corporation and Kanto Natural Gas Development have established a joint venture (JV) to accelerate research and planning in relation to a carbon capture and storage (CCS) project commissioned by the Japan Organization for Metals and Energy Security (JOGMEC).

about 1 year ago
Inna Braverman, Terry Tamminen, and Arnold Schwarzenegger in a visit to Eco Wave Power's pilot in LA
Business & Finance

Final permit secured for Shell co-funded wave energy project in LA

Wave energy developer Eco Wave Power has received Revocable Permit 25-05 from the Port of Los Angeles, allowing the company to proceed with the construction and demonstration of its wave energy technology at Berth 70 in San Pedro, California. According to Eco Wave Power, the permit was approved and

about 1 year ago
Development and operation plan handed in for Northern Lights expansion
Authorities & Government

Development and operation plan handed in for Northern Lights expansion

Some five days after taking the final investment decision (FID), Northern Lights joint venture (JV) partners Equinor, Shell and TotalEnergies have submitted the plan for development and operation (PDO) to the Norwegian Ministry of Energy for the expansion of the namesake CO2 transport and storage de

about 1 year ago
Europe unlikely to meet its 2030 hydrogen production targets, report says
Business Developments & Projects

Europe unlikely to meet its 2030 hydrogen production targets, report says

Less than 20% of the EU’s planned hydrogen project pipeline is expected to be realized by 2030 without urgently addressing critical points that create a widening gap between ambition and reality in Europe’s hydrogen sector, according to the latest report from energy market research and consultancy f

about 1 year ago
BV
Certification & Classification

BV greenlights MARIC’s 155,000 cbm ethane carrier

French classification society Bureau Veritas Marine & Offshore (BV) has awarded approval in principle (AiP) to China’s shipbuilding R&D institute Marine Design and Research Institute of China (MARIC) for its new 155,000 cbm ultra large ethane carrier (ULEC) design.

about 1 year ago
UK firm picks its first international franchisee for fully autonomous USV charter fleet
Business & Finance

UK firm picks its first international franchisee for fully autonomous USV charter fleet

UK-headquartered Zero USV has named Leeway Marine as its first international franchisee for its uncrewed surface vessel (USV) charter fleet in North America. According to Zero USV, Oceanus12 is designed for long-distance over-the-horizon operations and is mission agnostic, allowing a wide range of p

about 1 year ago
Trion development concept; Source: Woodside
Business & Finance

Big win for SLB as ‘major’ AI-enabled deepwater oil drilling gig lands on its task list

SLB has tucked a multi-well drilling assignment, which will incorporate artificial intelligence (AI), under its belt at a deepwater oil project 30 kilometers south of the Mexico-U.S. maritime border, which Australia’s energy giant Woodside operates.

about 1 year ago
TUI
Infrastructure

TUI picks Fincantieri for Marella Cruises’ first-ever newbuilds

German cruise company TUI AG has signed a memorandum of agreement (MoA) with Italian shipbuilder Fincantieri for the design and construction of two new eco-friendly cruise ships for the Marella Cruises brand.

about 1 year ago
A ship at an LNG terminal
Business Developments & Projects

Shell expands LNG portfolio with acquisition of Singaporean firm

Shell Eastern Trading has completed the acquisition of Singapore-based energy solutions provider Pavilion Energy, a subsidiary of Temasek.

about 1 year ago
Avenir’s bunker vessel to continuously run on bio-LNG in 2025
Business Developments & Projects

Avenir’s bunker vessel to continuously run on bio-LNG in 2025

LNG bunkering provider Avenir LNG has decided to run its 2022-built vessel Avenir Ascension on bio-LNG for the remainder of 2025.

about 1 year ago
Day rate contracts in South America and Africa come along to Argeo vessels
Business & Finance

Day rate contracts in South America and Africa come along to Argeo vessels

Norwegian subsea services provider Argeo has signed new contracts under which its two vessels will be deployed offshore South America and Africa on oil & gas projects. The contracts will see Argeo Searcher perform autonomous underwater vehicle (AUV) survey work in South America and Argeo Venture AUV

about 1 year ago
Ocean Harvesting Technologies opens financing round to advance wave energy tech
Business & Finance

Ocean Harvesting Technologies opens financing round to advance wave energy tech

Sweden’s Ocean Harvesting Technologies has launched a €200,000 financing round to support further development of its InfinityWEC wave energy converter (WEC) in 2025. The move is part of a larger €700,000 capital requirement for 2025-2027. InfinityWEC is currently being developed under two EU-funded

about 1 year ago
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