Keppel Infrastructure has secured a grant from the Energy Market Authority (EMA) and JTC to pilot the first membrane-based nearshore floating solar photovoltaic (PV) system in Singapore.
Chinese power cable specialist Orient Cable (NBO) has secured an RMB 200 million (around €29.5 million) compliant green loan facility from HSBC Bank. The Chinese company stated that the grant affirms its efforts and commitments to the Science Based Targets initiative (SBTi) to achieve 2050 net zero
WoodMac: As plans for renewables stall, Asia’s decarbonisation ambition does not match reality amid rising coal demand and high gas prices.
South Korean shipping company HMM has unveiled its future growth strategy involving a KRW 15 trillion (about $11.3 billion) investment plan.
Rig activity in Asia Pacific has been stepped up this year, but most stacked jack-ups are being reactivated for gigs in the Middle East.
Ocean Infinity has started a geophysical survey campaign at the South Irish Sea offshore wind farm in Ireland, off the coasts of Wexford and south Wicklow. The survey, which is carried out by the vessel Northern Maria, will last until 30 August, subject to weather conditions. For the survey, Ocean I
EnerMech has secured new contract awards worth over $126 million in Africa, Caspian and the Middle East, spurring further headcount increase.
Bombora Wave Power has begun the final test and assembly phase of its mWave device, said to be the world’s most powerful wave energy converter (WEC).
Buckeye Partners has closed the acquisition of Bear Head Energy, which owns an LNG and clean energy project in Nova Scotia, Canada.
Norwegian seismic company PGS and Australia’s deepC Store Limited (DCS) have entered into a subscription agreement under which dCS will issue shares to PGS in exchange for geological and geophysical advisory services. As a result of the agreement, PGS will become a major shareholder in dCS. The two
German investment bank Deutsche Bank and Turkish state-owned LNG company Botas have finalised a $927 million three-year loan for LNG purchases.
Aberdeen-based safety equipment manufacturer Dräger Marine & Offshore has revealed a multi-million-pound investment in a new facility.
MS Medstraum, the world’s first fully electric and zero-emission fast ferry classed as a high-speed craft, has embarked on the journey from the Norwegian Fjellstrand shipyard to its new home port, Stavanger.
Worley, Mitsubishi Heavy Industries Group and Tecnicas Reunidas will be pooling resources for SSE Thermal and Equinor’s project in Peterhead.
