A UK-Swedish partnership has been established to advance a cross-border carbon capture, utilization and storage (CCUS) initiative designed to accelerate industrial decarbonization across the Baltic Sea region. Under a memorandum of understanding (MoU), the UK’s Progressive Energy and Swedish Pipe58
Japan’s MODEC has joined forces with Eld Energy, a Norwegian fuel cell system company, to pursue a scalable multi-MW power system for floating production, storage, and offloading (FPSO) units to enable them to fully run on zero-carbon power.
UK’s National Grid and TenneT Germany will together develop a multi-purpose interconnector designed to connect offshore wind generation in Britain and Germany to both countries’ electricity systems, the companies said on January 26. The interconnector, called GriffinLink, could link up to 2 GW of of
Chevron Nigeria Limited (CNL), a subsidiary of the U.S.-headquartered Chevron and the operator of the Nigerian National Petroleum Company (NNPC)/CNL joint venture, has made a new hydrocarbon discovery off the coast of Nigeria, Africa.
In a move to wean itself completely off Russian oil and gas imports, the European Union (EU) has given the green light for a ban on imports of pipeline gas and liquefied natural gas (LNG), with oil expected to follow suit in 2027.
UK-based XLCC has rebranded and relaunched as Aquora, with a focus on cable installation and manufacturing to address the “critical demand” for high-voltage cable supply in the UK and Europe. Aquora will focus first on installation, utilizing a new, UK-flagged cable-lay vessel (CLV), which will also
The board of directors of the African Development Bank has signed off on a loan for a second floating liquefied natural gas (FLNG) project, which Italy’s energy giant Eni will develop in the supergiant Rovuma basin off the coast of Mozambique, Africa.
Akrake Petroleum, a wholly-owned subsidiary of Lime Petroleum Holding, which is an 89.74% subsidiary of Singapore’s Rex International Holding, has updated its timeline for bringing back online an oil field off the coast of Benin that ceased production due to low oil prices in the late 1990s.
Nuclear-powered DP vessels are a technically feasible solution and are achievable, the Nuclear Propulsion in merchant Shipping (NuProShip II) study has confirmed. The NuProShip II project, funded by the Research Council of Norway, demonstrates the technical feasibility of nuclear-powered DP vessels,
Italy’s Tecnimont, Maire’s company focused on integrated engineering & construction (IE&CS) business, has made its first foray into the liquefied natural gas (LNG) market with a strategic deal with Argent LNG, a U.S.-based energy company dedicated to developing LNG export solutions, to participate a
U.S.-headquartered offshore drilling contractor Noble Corporation has picked up new assignments for nine drilling rigs in its fleet, including a job for one of its semi-submersible units, which enables it to make its entrance into the Norwegian harsh environment floater market.
Spanish automated wind-assisted propulsion system specialist bound4blue has installed the first eSAIL units on the first of five tankers owned by Danish Maersk Tankers. Four 24-meter ‘plug and play’ suction sails were fitted on Maersk Trieste, completing the first stage of an agreement that will see
Italian cabling giant Prysmian Group is set to acquire ACSM, a Spanish provider of solutions for submarine cable installation, including subsea surveying, route planning and seabed preparation. Based in Vigo, ACSM has been operating for over 20 years across 60 countries, with over 350 employees. Its
As global energy security concerns keep the demand for oil and gas alive, Malaysia’s Velesto Energy, owner of premium jack-up rigs and hydraulic work-over units, has dived into its expectations for 2026, highlighting its belief that the jack-up rig market will remain on stable ground during the year
