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Illustration; Source: Chevron
Business & Finance

Chevron taking over operatorship at block with ‘enormous potential’ off Uruguay

Challenger Energy is in the process of selling a partial stake in a shallow water exploration block off the coast of Uruguay to Chevron.

about 2 years ago
NKT pursues shift to low-carbon aluminium with latest partnership
Business & Finance

NKT seeks to cut carbon footprint of power cables with latest partnership

Subsea power cable manufacturer NKT and aluminium and energy company Hydro have entered into a strategic partnership to accelerate the shift towards low-carbon aluminium and increase its role in reducing the carbon footprint of power cables. As part of the partnership that aims to further decarboniz

about 2 years ago
Aker Solutions selected as owner’s engineer for 3GW hydrogen project in Scotland
Business & Finance

Aker Solutions selected as owner’s engineer for 3GW hydrogen project in Scotland

UK-based energy company Statera has appointed Norwegian energy services provider Aker Solutions as owner’s engineer for the first 500 MW phase of its 3 GW Kintore Hydrogen project in Aberdeenshire, Scotland. Under the contract, Aker Solutions will build on its process industry expertise within green

about 2 years ago
VALO
Business Developments & Projects

VALO to provide hydrofoil systems for zero-emission, hydrogen-powered ORCA vessels

Blue Orca Marine, a Canadian pioneer in zero-emission sustainable marine solutions, has entered into a strategic partnership with San Francisco-based VALO (also known as Boundary Layer Technologies) to propel hydrofoil innovation.

about 2 years ago
World’s first ammonia-powered PCTCs get financial boost
Business & Finance

World’s first ammonia-powered PCTCs get financial boost

Norwegian RoRo shipping company Höegh Autoliners has been granted substantial million-dollar funding from local government enterprise responsible for the promotion of environmentally friendly production Enova for the construction of the world’s first ammonia-powered PCTCs.

about 2 years ago
Hydrogen-powered inland containership H2 Barge 2 wraps up its first trials
Business Developments & Projects

Hydrogen-powered inland containership H2 Barge 2 wraps up its first trials

H2 Barge 2, a second inland containership converted to run on hydrogen by Dutch shipbuilder Holland Shipyards Group for compatriot shipowner Future Proof Shipping (FPS), has completed its first trials. Holland Shipyards Group shared the milestone via social media on March 5, saying that the coming d

about 2 years ago
FPSO Atlanta; Source: Yinson Production
Business & Finance

Enauta on track to achieve first oil from Brazil-bound FPSO this year

Enauta is making progress in putting all the puzzle pieces together to bring an FPSO, destined to work at its field off Brazil, online later this year.

about 2 years ago
Drawing of the OceanSTAR FSO-01 design; Courtesy OceanStar
Authorities & Government

Newbuild FSO design wins thumbs-up from ABS

OceanStar has received a blessing from ABS in the form of a recent approval in principle (AIP) for its newbuild FSO design.

about 2 years ago
QuarterNorth Energy
Business & Finance

US firm enriches its Gulf of Mexico arsenal with mostly deepwater oil assets

Talos Energy has wrapped up the acquisition of QuarterNorth Energy, expanding its deepwater portfolio in the U.S. Gulf of Mexico.

about 2 years ago
Engineering and environmental studies launched for EU’s first hydrogen corridor
Business Developments & Projects

Engineering and environmental studies launched for EU’s first hydrogen corridor

The European first major hydrogen corridor, the so-called H2Med project comprised of hydrogen interconnection between Portugal and Spain and a subsea pipeline connecting Spain and France (BarMar), is entering the next phase of its development with contracts for preliminary engineering and environmen

about 2 years ago
MSC
Infrastructure

MSC ship hit by missile in Red Sea

A containership owned by Switzerland-based MSC, the world’s biggest shipping company, was hit by a missile in the Red Sea on March 4, 2023.

about 2 years ago
JAPEX partners with Invest Alberta to pursue CCS and hydrogen/ammonia projects in Canada
Business & Finance

JAPEX partners with Invest Alberta to pursue CCS and hydrogen/ammonia projects in Canada

Japan Petroleum Exploration (JAPEX) and Invest Alberta Corporation (IAC), an investment attraction agency established by the government of Alberta, Canada, have formed a partnership seeking to develop projects in carbon capture and storage (CCS), carbon capture, utilization and storage (CCUS), bioen

about 2 years ago
Renewables for Subsea Power
Business Developments & Projects

Wave power for subsea equipment project finishes 12-month-long test program

Renewables for Subsea Power (RSP) project which has combined wave power with subsea energy storage to power subsea equipment has completed a 12-month test program at sea, aiming to reach the finish line this spring. This £2 million (approximately $2,5 million) project connected the Blue X wave ener

about 2 years ago
Echo Surveyor 8; Source: Fugro
Authorities & Government

Fugro lands work on Inpex’s LNG project

Inpex Masela has awarded Fugro a significant marine survey contract for a liquefied natural gas (LNG) project in Indonesia.

about 2 years ago
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