Swedish electrofuel developer Liquid Wind is advancing the development of its third electrofuel facility for maritime sector, FlagshipTHREE, in Umeå, Sweden, with AFRY as an engineering partner. Liquid Wind has set a goal to supply the marine shipping industry with green electrofuel through large-sc
Offshore drilling contractor Transocean has added approximately $745 million in new contracts to its incremental backlog by securing work for three of its drillships. In its quarterly fleet status report, Transocean said that the Dhirubhai Deepwater KG1 was awarded a 21-month contract in India at a
Singapore’s Sembcorp Industries, Japan’s IHI Corporation and U.S. GE Vernova’s Gas Power business have signed a non-binding memorandum of understanding (MoU) to jointly explore the potential retrofitting of Sembcorp’s Sakra power plant in Singapore with ammonia-firing capabilities. The project is ex
Ocean Power Technologies (OPT) has received an order from Sulmara for multiple uncrewed surface vehicles (USVs), representing the largest single order of WAM-Vs to date. The order is valued at $1.6 million. Due to demand, production is already underway and will allow for revenue recognition this fis
Saudi developer of green hydrogen projects ACWA Power has signed a memorandum of understanding (MoU) with GasLog, Zenith Energy Terminals, and Port of Amsterdam to explore the viability of developing a green hydrogen export corridor between its global hydrogen production sites and the port of Amster
The Netherlands-based Huisman is launching a renewed series of its subsea knuckle boom cranes for use in the subsea construction market, taking into account energy efficiency, automation and safety. The new, optimized series includes models starting from 85mt up to 350mt and covers both setups with
More than a hundred CEOs and senior executives from the Alliance of CEO Climate Leaders, led by Vincent Clerc, Chief executive Officer of A.P. Moller Maersk, have shared an open letter to world leaders ahead of COP28. The quest to cap global temperature rise at 1.5°C faces jeopardy without intensifi
Oil and gas engineering services business Plexus Holdings has secured a contract award for Exact and Centric equipment for a plug and abandonment (P&A) project secured through its licensor SLB for a North Sea operator. The order includes the provision of Exact adjustable wellhead system and Centric
The Algerian Minister for Energy and Mining, Mohamed Arkab, and the Parliamentary State Secretary of the German Federal Ministry for Economic Affairs and Climate Protection (BMWK), Stefan Wenzel, have discussed the planned conversion and expansion of the gas pipeline corridor for hydrogen from Alger
CorPower Ocean has signed an agreement with steel company SSAB to explore the development of one of the world’s first wave energy power plants using fossil-free steel. Under the agreement, SSAB will deliver the fossil-free steel to CorPower Ocean to be used as a structural material to build a wave e
In support of South Africa’s transition into a low-carbon economy, Transnet National Ports Authority (TNPA) has issued a request for information (RFI) for the development of a terminal facility and related facilities for hydrogen initiatives at its commercial seaports. The RFI assesses the market in
UK-based energy company Statera has awarded American-Australian engineering company Worley a front-end engineering design (FEED) contract for the first phase of its 3 GW Kintore Hydrogen project in Aberdeenshire, Scotland. Statera’s Kintore Hydrogen aims to harness surplus electricity generated by S
HWCG, a consortium of deepwater operators in the Gulf of Mexico, and marine environmental consulting and survey company CSA Ocean Sciences have created a surface monitoring equipment program designed to assist offshore oil and gas operators with enhancing their environmental monitoring and preparedn
ProMarine AG, an investment advisor for the financing of the maritime energy transition, has launched what has been described as the’ industry-first sustainable shipping fund’ with an initial portfolio of four methanol-fueled MR tankers led by methanol producer Proman and shipping company Stena Bulk
