A new week, new steps in the transformation of the offshore energy sector. In this process the industry is dealing with the energy trilemma: to provide energy that is secure, affordable and lower in carbon.
Being a front-runner, especially in the shipping industry, comes with a lot of risks. Being the first to enter a market or introduce a new product or service can give you a significant advantage over others, and even set the tone in the market. However, there is a great risk of failure bringing with
Drydocks World Dubai and Aker Solutions will work together on upgrading an FPSO for one of the largest undeveloped oil fields in the UK.
Saudi Arabia’s Ministry of Industry and Mineral Resources has issued the first industrial operating license for NEOM Green Hydrogen Company (NGHC), an equal joint venture between NEOM, ACWA Power, and Air Products, based in Oxagon. When complete, NGHC is expected to be the largest at-scale green hyd
The international offshore rig count recorded an increase of ten units in January 2023 compared to December last year, according to the latest rig count report from Baker Hughes. The international rig count is up 60 rigs from last year’s count of 841, with offshore rigs up 31 and onshore rigs up 29.
Ashdod Port Company has signed an agreement with Maersk North America to collaborate on innovation opportunities in supply chain logistics.
Northern Drilling has raised $10 million for litigation costs arising from the ongoing arbitration pertaining to cancelled orders for two drillships with the South Korean shipbuilder, Daewoo Shipbuilding & Marine Engineering (DSME).
As part of the MerVent 2025 project, French LNG containment specialist GTT has received €4.66 million in funding from a French public investment bank Bpifrance for the design of an onboard CO2 capture system and for the development of intelligent operational performance solutions. Within the framewo
Northern Ireland-based decommissioning specialist Decom Engineering has commenced 2023 with a number of international contracts said to be valued at over seven figures. Decom Engineering reported that it had secured new projects in Africa, Norway, Thailand and Singapore, while strengthening ties wit
Chinese shipbuilder CIMC Sinopacific Offshore & Engineering (CIMC SOE) has started construction of the first 7,600-cbm liquefied natural gas (LNG) bunkering vessel for Canadian shipowner Seaspan.
Ashtead Technology, the UK-headquartered international subsea rental equipment and solutions specialist, has entered into a multi-year rental agreement with Maritime Robotics, a Norwegian provider of unmanned technology solutions.
Danish fuel cell developer and manufacturer Blue World Technologies has launched CellPack™ Stationary, a methanol fuel cell-based power generator. According to Blue World, with high efficiency, a continuous power output, a pure methanol fuel system, and IoT-based remote monitoring, the CellPack™ Sta
The Sweden-based company OX2 and the Bank of Åland, who are jointly developing two multi-gigawatt-scale offshore wind farms in Finland, have initiated a feasibility study on Mega Grön Hamn (Mega Green Port), a project involving large-scale production and distribution of hydrogen and e-fuel in Åland.
Spanish renewable energy group Iberdrola has been awarded its first floating solar power project in France, to be developed at Alsace region located in northeastern part of the country.
