Over $1.42 trillion is said to be at risk of being lost if Norway does not step up its search for remaining hydrocarbon resources on the Norwegian Continental Shelf (NCS) and takes advantage of new technology to boost production levels.
To meet 30 million tonnes of annual global green hydrogen demand, the world would require 411 new hydrogen vessels, according to a new report published by the International Chamber of Shipping (ICS).
Swedish tidal energy developer Minesto has put together an investment offer for the first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands. According to Minesto, the actual production results of its utility-scale tidal energy kite Dragon 12 (D12) are used to accurately predict e
Energy and commodities company Vitol has revealed that it is ‘on track’ to meet the International Maritime Organization’s (IMO) targets set in 2019 to reduce emissions by 40% by 2030 compared to 2008 levels thanks to a ‘comprehensive dry dock program’.
Singapore’s Rex International Holding Limited has disclosed the results of an independent qualified person’s report (QPR) for its oilfield offshore Benin.
DRIFT Energy, a British startup set to make green energy at sea using hi-tech sailing vessels, has closed its seed funding round that would enable it to build its first green hydrogen producing vessel.
A business opportunity worth nearly $3.3 billion per year has prompted the UK’s Port of Sunderland to forge ties with Northern Metal Recycling to bring a new decommissioning playground into play, opening the doors to service the oil and gas industry in the North Sea.
Dutch geo-data specialist, Fugro, has been awarded a long-term contract to provide construction support to its compatriot Van Oord for offshore wind farms across Europe for three years, with an option to extend. Under the contract, multiple remotely operated vehicle (ROV) systems, construction equip
Norway’s Haugesund municipality has signed a letter of intent with compatriot ferry operator Torghatten, zero-emission solutions supplier SEAM, and autonomy software firm Zeabuz for the research and development project ‘Emission-free autonomous city boat’.
BW Energy has started drilling the next well on its agenda at an oil field in the Dussafu license off the coast of Gabon, Africa, with a jack-up rig owned by Borr Drilling.
GFI LNG and Pilot LNG have teamed up to develop a small-scale LNG terminal in Mexico’s Salina Cruz on the Pacific side of the Panama Canal.
Trident Energy is making inroads in its infill drilling campaign on Block G offshore Equatorial Guinea with a drillship owned by the U.S.-headquartered Noble Corporation.
TotalEnergies and Kistos have been presented with seven new blocks or part blocks in an area that contains producing oil and gas assets located West of Shetlands off the coast of the UK.
BP has hired two Audubon and Exmar Offshore to handle the engineering and design of topside and hull, respectively, for a floating production unit (FPU), which will be deployed at its sixth-operated deepwater project in a prolific high-margin basin within the U.S. Gulf of Mexico.
