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Fast4Ward design; Source: SBM Offshore
Business & Finance

SBM Offshore and Technip Energies to breathe life into ‘all-electric’ FPSO for TotalEnergies’ $10.5B oil project

TotalEnergies has put the Netherlands-based SBM Offshore and the French engineering player Technip Energies in charge of a floating production, storage, and offloading (FPSO) for its new oil development project in Block 58 off the coast of Suriname.

about 1 year ago
A girl standing in an observatorium looking at offshore wind structures. Source: University of Plymouth
Business Developments & Projects

£1.7M project to tackle hurdles in deployment of wave, tidal, and offshore wind installations

The University of Plymouth has launched the OcEn project, a £1.7 million (approximately $2.1 million) research initiative designed to overcome barriers in offshore renewable energy (ORE) expansion and bolster the sector’s readiness for deployment of offshore wind, wave, and tidal installations. Wit

about 1 year ago
TechnipFMC wins contract worth over $1 billion for recently sanctioned oil project in Suriname
Business & Finance

TechnipFMC wins contract worth over $1 billion for recently sanctioned oil project in Suriname

UK-headquartered energy technology provider TechnipFMC has secured a contract it describes as major for an oil project offshore Suriname for which France’s TotalEnergies recently reached the final investment decision (FID). TechnipFMC has been awarded an integrated engineering, procurement, construc

about 1 year ago
Caterpillar
Certification & Classification

Caterpillar Marine receives green light for its dual-fuel methanol-ready engines

Houston-headquartered engine manufacturer Caterpillar Marine has been given the go-ahead from Norway’s classification society DNV via an approval in principle (AiP) for its Cat 3500E methanol-ready marine main and auxiliary engines. As disclosed, the DNV approval and class notation have confirmed th

about 1 year ago
Canada
Business & Finance

Canada allocates $25.2M to support shore power and alternative fuel projects

The Government of Canada has invested up to $25.2 million for four projects, funded under the Green Shipping Corridor Program, to support both shore power and alternative fuel solutions in the maritime sector.

about 1 year ago
Bay du Nord FPSO development concept; Source: Equinor
Authorities & Government

Canada’s proposed oil & gas emissions cap: Boost in production, jobs, and economy or across-the-board cuts?

Canada has come up with draft regulations to set a greenhouse gas (GHG) pollution cap for the oil and gas industry. The government claims the latest regulatory tool in the raft of measures that are part of its wider climate plan will limit pollution, drive innovation, and create jobs. However, those

25 minutes read
French energy company to work on e-methanol project on Haropa Port site
Business Developments & Projects

French energy company to work on e-methanol project on Haropa Port site

As part of the ‘West A29’ call for projects, French renewable energy company Qair has been awarded a parcel on the Haropa Port site, in Le Havre, to develop its e-methanol production project Methavert.

about 1 year ago
Harriet Alpha platform; Source: Liberty Industrial
Business & Finance

McDermott picks up ‘largest’ decom job in its history

McDermott has lined up its next multimillion-dollar decommissioning assignment off the coast of Australia, which is said to represent the firm’s largest secured project of this kind.

about 1 year ago
Silverstream
Collaboration

Silverstream taps into the Chinese market for air lubrication retrofits

UK-based maritime clean technology player Silverstream Technologies has partnered up with China’s Yiu Lian Dockyards (Shekou), part of China Merchants Group, having signed a memorandum of understanding (MoU) to drive retrofit installations of the former’s air lubrication system (ALS). As disclosed,

about 1 year ago
LNG vessel at berth
Business Developments & Projects

Cheniere’s LNG emissions footprint lower than thought, report shows

U.S. liquefied natural gas (LNG) exporter Cheniere Energy has published an updated life cycle assessment (LCA) study for the intensity of greenhouse gas (GHG) emissions produced by its exported natural gas according to which their levels are lower than formerly assumed.

about 1 year ago
Steel strike ceremony for FPSO Jaguar; Source: SBM Offshore
Business & Finance

SBM Offshore cheers FPSO steel strike milestone for ExxonMobil’s oil project off Guyana

SBM Offshore is making progress in bringing to life a floating production, storage, and offloading (FPSO) vessel, which will work on U.S.-based ExxonMobil’s sixth deepwater oil development on the Stabroek block off the coast of Guyana.

about 1 year ago
group of workers from RenewableUK Cymru standing in front of a red dragon statue
Business Developments & Projects

£47B renewable energy push in sight for Wales by 2035

Wales has an unprecedented £46.8 billion (around $59.6 billion) investment opportunity from the renewable energy sector by 2035, according to an analysis unveiled by RenewableUK Cymru. The potential investment, primarily driven by offshore wind, ore wind, solar, and tidal power, is projected to fue

about 1 year ago
Odfjell to explore synergy of weather routing and wind propulsion
Business Developments & Projects

Odfjell to explore synergy of weather routing and wind propulsion

Norwegian shipping company Odfjell SE has decided to deploy Syroco’s weather routing platform on two of its vessels to support their upcoming sail retrofit project.

about 1 year ago
COSCO Shipping’s new ammonia-fueled ship design gets stamp of approval
Business Developments & Projects

COSCO Shipping’s new ammonia-fueled ship design gets stamp of approval

COSCO Shipping Energy and COSCO Shipping Heavy Industry, units of China’s COSCO Shipping group, have received approvals in principle (AiPs) from classification societies ABS, CCS, and DNV for their design of a 50,000 cubic meter (cbm) ammonia dual-fuel ammonia/LPG carrier. According to COSCO Shippin

about 1 year ago
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