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Authorities & Government

With new EU funding, Northern European ports to enable shore power for boxships by 2030

Four Northern European ports have been granted EU funding for projects to reduce emissions from containerships moored at their quays.

about 1 year ago
Ocean Apex rig; Source: Diamond Offshore, now part of Noble Corporation
Business & Finance

Transocean, Noble, Valaris, Borr, and Odfjell Drilling fleets’ $23 billion backlog spotlights state of play in booming rig market

Transocean, Noble Corporation, Valaris, Borr Drilling, and Odfjell Drilling have secured a combined total backlog of $23.22 billion in the third quarter of 2024, which is higher than $23.03 billion in the second quarter of 2024 and $22.7 billion in the third quarter of 2023.

25 minutes read
Aker BP's CO2 storage licenses peer reviewed by ABL firm
Business & Finance

Aker BP’s CO2 storage licenses undergo technical peer review by ABL firm

Norway’s AGR, part of the energy and marine consultancy group ABL Group, has delivered a technical peer review of two carbon storage licenses in the Norwegian North Sea for compatriot E&P company Aker BP. AGR conducted an independent third-party technical peer review of the EXL005 Poseidon license,

about 1 year ago
Maldives’ State Electric Company (STELCO) has started a wave monitoring project to explore ocean wave energy potential in the Maldives.
Business Developments & Projects

Maldives explores wave energy to boost country’s renewables targets

Maldives’ State Electric Company (STELCO) has started a wave monitoring project to explore ocean wave energy potential in the Maldives. According to Hussain Fahmy, the Managing Director of STELCO, this project is a step toward meeting the country’s 33% renewable energy goal. The project is said to r

about 1 year ago
EXMAR sets up new entity to operate dual-fuel LPG/ammonia carrier newbuilds
Business & Finance

EXMAR sets up new entity to operate dual-fuel LPG/ammonia carrier newbuilds

Belgian shipping company EXMAR has opened a new entity, EXMAR LPG France, which will own and operate six newbuild dual-fuel LPG/ammonia midsize gas carriers (MGCs) under construction at HD Hyundai Mipo in South Korea. The company announced the opening of the new French entity in its third quarter re

about 1 year ago
South Angsi Alpha Rig-to-Reef Initiative; Source: Hibiscus Petroleum
Authorities & Government

Retired offshore oil & gas infrastructure lives on as rig-to-reef project

Hibiscus Petroleum has confirmed that facilities related to a decommissioned oil field infrastructure, which reached the end of its service life, have got a new lease on life thanks to a rig-to-reef project off the coast of Malaysia.

about 1 year ago
Collaboration center opens in Glasgow for Scotland-England subsea electricity transmission links
Authorities & Government

Collaboration center opens in Glasgow for Scotland-England subsea green electricity superhighways

A new collaboration center that will bring together around 80 green energy workers contributing to the delivery of a series of subsea electricity transmission links between Scotland and England has been officially opened in Glasgow, Scotland. The Eastern Green Link (EGL) Collaboration Centre will br

about 1 year ago
IMO
Outlook & Strategy

IMO ready for net-zero framework talks at COP29

The International Maritime Organization’s (IMO) Secretary-General Arsenio Dominguez will lead the specialized agency’s delegation to the annual UN Climate Change Conference (COP 29) to be held in Baku, Azerbaijan, from November 11 to 22, 2024.

about 1 year ago
Woodside dishes out its 'largest-ever' traditional owner construction contract
Business & Finance

Woodside dishes out its ‘largest-ever’ traditional owner construction contract

Woodside Burrup, a subsidiary of Australia’s Woodside Energy, has awarded what it says is its largest-ever traditional owner construction contract to a 100% Karratha-owned and 50% Indigenous-owned company for the delivery of civil works for the Pluto LNG Train 1 Modifications project located near Ka

about 1 year ago
German hydrogen producer on the lookout for new investor amid financing infrastructure shift
Business & Finance

German hydrogen producer on the lookout for new investor amid financing infrastructure shift

German green hydrogen producer HH2E has decided to file for self-administration and pursue a structured corporate restructuring process after the company’s majority shareholder voted against providing financing for HH2E’s first green hydrogen production facility in Lubmin. Near the coast, in Lubmin

about 1 year ago
Washington Maritime Blue has opened applications for its 2025 Blue Ventures Programs, aimed at startups and entrepreneurs working on ocean-focused technologies.
Business & Finance

Washington Maritime Blue opens programs for startups to boost ocean energy innovation

Non-profit alliance Washington Maritime Blue has opened applications for its 2025 Blue Ventures Programs, aimed at startups and entrepreneurs working on ocean-focused technologies. According to Washington Maritime Blue, the programs will support solutions in renewable ocean energy, maritime decarbo

about 1 year ago
Wuhu Shipyard launches SAL’s next-gen methanol-ready vessel
Business Developments & Projects

Wuhu Shipyard launches SAL’s next-gen methanol-ready vessel

Chinese Wuhu Shipyard has launched the second methanol-ready 14,600 dwt Orca class multipurpose vessel ordered by Germany’s SAL Heavy Lift.

about 1 year ago
First sales and purchase agreement inked for UAE's low-carbon LNG project
Business & Finance

First sales and purchase agreement inked for UAE’s low-carbon LNG project

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Germany’s Securing Energy for Europe (SEFE) for the long-term supply of low-carbon liquefied natural gas (LNG) from the Ruwais LNG plant in the UAE, set to be the first LNG export facility in the Middle East

about 1 year ago
Work starts on Portsmouth International Port’s shore power system
Business Developments & Projects

Work starts on Portsmouth International Port’s shore power system

At Portsmouth International Port in the UK, work has started on a shore power system that will allow ships to connect to clean electric power while berthed.

about 1 year ago
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