Lime Petroleum, a Norwegian subsidiary of Singapore’s Rex International, is expanding its interest in an oil field operated by Repsol Norge, a subsidiary of Spain’s Repsol, in the North Sea off the coast of Norway.
A tragic accident recently claimed the life of one worker and put nine more directly in the path of danger due to gas exposure at a shipyard, where a 1975-built semi-submersible drilling rig was being taken apart for recycling purposes.
The eighth annual report looking into the global progress in transitioning to a low-emissions economy published by Generation Investment Management, a London-based pure-play sustainable investment manager, sheds some light on the progress countries around the globe are making with tackling the COP28
The Testing Expertise and Access for Marine Energy Research (TEAMER) program, sponsored by the U.S. Department of Energy (DOE) and directed by the Pacific Ocean Energy Trust (POET), has launched a new application period for the submission of the 14th batch of requests for technical support (RFTS). A
U.S.-based Commonwealth LNG and Kimmeridge Texas Gas (KTG), an affiliate of the energy-focused alternative investment manager Kimmeridge, have signed a multi-year heads of terms (HoT) agreement with Swiss-headquartered Glencore for the supply of natural gas and liquefied natural gas (LNG) from an ex
Shelf Drilling has wrapped up a divestment process for a jack-up rig which will work on a decommissioning assignment in Malaysian waters for its new owner.
French shipping colossal CMA CGM is set to strengthen its position in Brazil’s maritime sector with the purchase of a nearly 48% stake in Santos Brasil Participações, a major Brazilian multi-terminal operator, from funds managed by Opportunity Funds. The deal, expected to close by early 2025 pending
Steelhead LNG has filed a patent infringement lawsuit with the Seoul Central District Court in South Korea against the developer of the Cedar LNG project on Canada’s West Coast and Samsung Heavy Industries (SHI), which is constructing a new floating LNG (FLNG) unit for the project.
NKT, alongside other players hired for work on an underwater high-voltage direct current (HVDC) cable project between the U.S. and Canada, is continuing to make inroads in putting all the subsea marine infrastructure in place.
Japanese conglomerate Kawasaki Heavy Industries has entered into a strategic agreement with CB&I, a wholly-owned unrestricted subsidiary of McDermott, to promote a commercial-use liquefied hydrogen (LH2) supply chain. Under the agreement signed on September 18 during Gastech 2024 in Houston, Kawasak
UK-headquartered Tocardo, a producer of tidal and free-flow water turbines, has relocated its European operations from Den Oever to Vlissingen, Province Zeeland, Netherlands. The move places the company closer to key partners in the Offshore For Sure (O4S) project, such as Water2Energy, World Class
German shipbuilder Meyer Werft, which was hit by a major financial crisis, has received extensive support from the government to secure its economic future.
McDermott and BW Offshore have entered into a collaboration to advance the technical and commercial viability of offshore blue ammonia production.
Energy equipment and marine solutions company Hawnha Power Systems, a part of South Korean Hanwha Group, and Greek LNG shipping services provider GasLog have agreed to work on replacing the existing fossil fuel-powered vessels with ammonia gas turbines under the new memorandum of understanding (MoU)
