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Swedish tidal energy developer Minesto has assembled an investment offer for a first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands.
Business & Finance

Following three months of testing, Minesto’s megawatt-scale tidal energy kite ‘delivering as expected’

Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected in its first three months of operations and the data being generated underlines the commercial readiness of Dragon Class systems, the Swedish company reported. The 1.2 MW powerplant was installed and commissioned at the site in Ve

about 2 years ago
Illustration; Source: Ocean Edge Services
Business & Finance

US player and local firm link up to hang out their shingle in Guyana as oil discoveries boost economy

Ocean Edge Services and Atlantic Marine Supplies have formed a new joint venture and corporation in Guyana, Ocean Edge Services (Guyana) Inc.

about 2 years ago
Fratelli Cosulich adds new methanol and biofuel bunker barge to its fleet
Business Developments & Projects

Fratelli Cosulich adds new methanol and biofuel bunker barge to its fleet

Fratelli Cosulich has taken delivery of the newbuild chemical bunker barge equipped to carry methanol and biofuels up to B100.

about 2 years ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

Drilling ops bear fruit: Start-up of another well offshore Gabon on BW Energy’s 2024 agenda

BW Energy is planning to bring online another well within the Dussafu license off the coast of Gabon later this year.

about 2 years ago
GCMD, NYK launch new project to test continuous use of biofuels
Business Developments & Projects

GCMD, NYK launch new project to test continuous use of biofuels

The Global Center for Maritime Decarbonization (GCMD) has teamed up with Japanese shipping major NYK Line to launch Project LOTUS aimed at testing the long-term impact of continuous use of biofuels on vessel operations.

about 2 years ago
Island Offshore orders hybrid ocean energy construction vessel at VARD with option for two more
Business & Finance

Island Offshore orders hybrid ocean energy construction vessel at VARD with option for two more

Norwegian shipping group Island Offshore has awarded compatriot shipbuilder VARD with a contract to design and construct one hybrid power ocean energy construction vessel (OECV) and has also agreed on an option for two more vessels. In 2020-2021, Island Offshore, whose 19-vessel fleet operates in th

about 2 years ago
Visualization of the future power corridor of Black Sea Oil & Gas (BSOG), Romanian Black Sea
Business & Finance

Romanian oil & gas company plans to build 3 GW of offshore wind in Black Sea

Romania’s independent energy company Black Sea Oil & Gas (BSOG) has completed an offshore wind feasibility study of potential areas in the Romanian sector of the Black Sea. Last year, BSOG and its Midia Gas Development (MGD) partners revealed plans to use their existing MGD infrastructure to connect

about 2 years ago
Researchers to work on mega-scale liquid hydrogen storage systems
Authorities & Government

Researchers to work on mega-scale liquid hydrogen storage systems

A team of University of Melbourne researchers will work with Australian and international industry partners to develop mega-scale liquid hydrogen storage systems and infrastructure for energy export terminals and vessels.

about 2 years ago
Euronav
Vessels

Performance Shipping orders scrubber-fitted LR1 tanker in China

Performance Shipping, a Greek shipping company specializing in the ownership of tanker vessels, has signed a contract with Jiangsu Yangzijiang Shipbuilding Group for the construction of one LR1 tanker.

about 2 years ago
Dorado and West Draco drillships; Source: Pelago Management
Business & Finance

Diamond Offshore taking over marketing rights for two drillships

Diamond Offshore has sealed a deal with Eldorado Drilling to be in charge of marketing rights for two seventh-generation drillships.

about 2 years ago
Dragon LNG
Business & Finance

Shell gets Dutch partner at one of UK’s three LNG terminals

VTTI has put the wheels into motion to join Shell in Dragon LNG, the owner of a major onshore import terminal for the supply of LNG to the UK market.

about 2 years ago
Illustration; Source: McDermott
Business & Finance

McDermott scoops up multimillion-dollar job at TotalEnergies’ LNG project

McDermott’s CB&I has landed a new assignment in the Middle East with TotalEnergies, which will enable it to work at a solar-powered LNG project in Oman.

about 2 years ago
West Neptune drillship; Source: Seadrill
Business & Finance

Seadrill finds more work for two drillships in Asia and US

Seadrill has won a new assignment and secured an extension of an existing one for two drillships in its rig fleet.

about 2 years ago
Eldfisk Complex; Source: ConocoPhillips
Business & Finance

First oil gushes out of $1.2 billion project in North Sea

ConocoPhillips has brought on stream an oil project, which has been tied to one of the fields in the Greater Ekofisk Area in the North Sea.

about 2 years ago
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