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Illustration; Source: Xlinks
Business & Finance

GE Vernova and AFC buy their way into giant renewable Morocco-UK power project with $24.3 million

GE Vernova and Africa Finance Corporation (AFC) have decided to bankroll the development of a huge renewable energy project in Morocco.

about 2 years ago
Trafigura
Business Developments & Projects

Trafigura orders 4 dual-fuel ammonia-powered ships in South Korea

Multinational commodity trading company Trafigura has signed a contract for four medium gas carriers (MGC) that will be capable of using low-carbon ammonia as a propulsion fuel when delivered.

about 2 years ago
Copenhagen Infrastructure Partners and Uniper forge hydrogen ties
Business Developments & Projects

Copenhagen Infrastructure Partners and Uniper forge hydrogen ties

Copenhagen Infrastructure Partners (CIP) has signed an MoU with Uniper to strengthen collaboration on bringing green hydrogen from CIP’s HØST PtX Esbjerg project to Germany.

about 2 years ago
Noble Valiant drillship; Source: Noble Corporation
Business & Finance

Noble drillship kicks off drilling ops in Gulf of Mexico

LLOG Exploration has started drilling an exploration/appraisal well in the U.S. Gulf of Mexico with one of Noble Corporation’s drillships.

about 2 years ago
FSRU Independence; Source: KN Energies
Business & Finance

FSRU embarks on voyage to Denmark for drydock inspection

KN Energies (KN) has confirmed the departure of an FSRU to Denmark, where an inspection and repair is planned to be carried out in the dry dock.

about 2 years ago
New ESCV will run on green methanol and batteries and will be the first vessel to perform heavy construction work in both offshore wind and subsea with net zero emissions; Source: REM Offshore
Business & Finance

New methanol-ready subsea construction vessel to sport Corvus’ energy storage system

Corvus Energy has been picked to provide energy storage systems (ESS) for a new energy subsea construction vessel (ESCV), which will be built for REM Offshore.

about 2 years ago
FSRU Hoegh Galleon; Source: Höegh LNG
Business & Finance

Höegh LNG’s FSRU hand-picked to bolster Egypt’s energy security

Höegh LNG has struck a deal with Australian Industrial Energy (AIE) and EGAS to deploy one of its FSRUs in Egypt.

about 2 years ago
Bay du Nord FPSO development concept; Source: Equinor
Business & Finance

Subsea7 and OneSubsea hired to work on Wisting and Bay du Nord oil projects

Subsea Integration Alliance, comprising OneSubsea and Subsea7, has won a long-term strategic agreement with Equinor.

about 2 years ago
Valaris DS-9 drillship; Source: Valaris
Business & Finance

Valaris ‘laser-focused’ on ensuring its rig fleet will be fully booked in 2024

Valaris is determined to find more employment for its rigs during 2024 to get all the current gaps in fleet assignments filled out, so that, there are no remaining available days.

about 2 years ago
Argeo granted patent for electromagnetic sensor system
Business & Finance

Argeo granted patent for ‘innovative’ sensor configuration for subsea vehicles

Argeo has secured its fifth patent from the Norwegian Industrial Patent office, this time for an innovative sensor configuration for subsea vehicles said to provide higher reliability, better signal, and improved detection. Argeo reported that its wholly-owned subsidiary Argeo Robotics had been gran

about 2 years ago
JERA’s subsidiary in India begins operations
Business & Finance

JERA’s subsidiary in India begins operations

JERA has announced the start of full-scale operations by its subsidiary JERA Energy India, established to widen business opportunities in the Indian market.

about 2 years ago
Damen
Business Developments & Projects

Damen embarks on a pilot project for circular ship recycling

Dutch Damen Shipyards Group is launching a pilot project in which a small tug will be dismantled at Damen Shiprepair Rotterdam’s Botlek site in a circular way and entirely in line with EU regulations.

about 2 years ago
Illustration; Courtesy of Shell
Business & Finance

Shell collects $7.7 billion in profit against backdrop of lower energy prices

Shell has made strides in the pursuit of its strategy, which aims to bring more energy to the fore with a reduced emissions footprint.

about 2 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Authorities & Government

New task for Odfjell Drilling related to rig non-conformities stemming from emergency preparedness management

Odfjell Drilling has been asked to handle the identified non-conformities and improvement points regarding emergency preparedness management at a semi-submersible rig, which is working on the Norwegian Continental Shelf (NCS).

about 2 years ago
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