The global market for oil and gas contractors is expected to rise to a peak of $1 trillion in 2025 and remain at high levels for several years, according to a report by energy intelligence group Rystad Energy. For the 2022-2028 period, overall oil and gas spending is anticipated to stay above $920 b
Danish company Wavepiston has unveiled plans to launch a new crowdfunding campaign to support the demonstration of its wave energy technology at full scale.
Singapore-based tanker owner and operator Hafnia has kicked off the year with the delivery of the first of four new dual-fuel LR2 product tankers. Guangzhou Shipbuilding International (GSI), a subsidiary of China State Shipbuilding Corporation, delivered the LNG-powered Hafnia Languedoc at a naming
Offshore drilling contractor Transocean has won a long-term deal for one of its ultra-deepwater drillships offshore Brazil.
Western Australia (WA) and South Korea have signed a letter of intent (LoI) to collaborate on energy transition and downstream processing of resources. In what was described as a historic LoI, the WA Government and the Republic of Korea’s Ministry of Trade, Industry and Energy (MOTIE) agreed to coop
French LNG containment specialist GTT has received a new order from its partner the Korean shipyard Hyundai Samho Heavy Industries (HSHI) for the tank design of two new LNG carriers (LNGCs). The order was received at the beginning of 2023 on behalf of a European shipowner. GTT will design the tanks
Japanese shipping company MOL has signed a collaboration agreement with Nagasaki Prefecture Department of Industrial and Labor Affairs to develop and promote renewable energy projects and shipbuilding-related industries in the prefecture.
ABL Group has won a contract with Chevron Australia to provide marine warranty survey (MWS) services for the Jansz-Io Compression project offshore Western Australia. ABL will oversee the safe delivery of transportation and installation (T&I) operations across four work packages related to the offsho
New Energy and Industrial Technology Development Organisation (NEDO) has adopted a feasibility study for a demonstration project of green ammonia production in Chile conducted by Mitsui & Co and Toyo Engineering Corporation as one of the ‘International Demonstration Projects on Japan’s Energy Effici
Swedish marine energy company Minesto has signed an agreement with Poseidon Renewable Energy Corporation for strategic collaboration on the roll-out of tidal energy power plants in the Philippines.
Oil and gas company Neptune Energy has started production from the tenth well at its operated gas field in the UK southern North Sea.
Tech company Nautilus Labs and Brasil-based firm Log-In Logística Intermodal have teamed up to achieve reductions in fuel consumption and carbon emissions, optimized operations, and successful digital adoption across the latter’s organization.
Norwegian energy companies Equinor and Vår Energi are withdrawing from the Horisont Energi-operated Barents Blue project, also known as Europe’s first large-scale blue ammonia production facility. Equinor and Vår Energi decided to leave the project as the cooperation agreement expired on 31 January.
Greek cable manufacturer Hellenic Cables, owned by Belgian Cenergy Holdings, has signed contracts with Ørsted and Eversource for the supply of inter-array cables for their South Fork Wind and Revolution Wind offshore wind projects in the United States. Under the contracts, Hellenic Cables will desig
