Island Drilling has received a third contract extension for its rig from Trident Energy related to work offshore Equatorial Guinea.
Scottish company Mocean Energy has secured €3.74 million in EU funding to develop and deploy a 250kW wave energy device offshore Orkney, as part of the EuropeWave project.
Boskalis has been awarded contracts by PGE Polska Grupa Energetyczna and Ørsted for the transportation and installation of the export and array cables for the Baltica 2 offshore wind farm in Poland, classifying the contract value as “large”, which for Boskalis means it is worth more than €300 millio
Greek shipping company Neptune Lines has placed an order for two next-generation vessels, specially designed for its short sea trades, with Fujian Mawei shipyard in China. The 4,200 CEU dual-fuel pure car truck carrier (PCTC) vessels will be delivered in 2026. The new vessels are being ordered under
Australian energy company Santos has executed a binding sale agreement to deliver Papua New Guinea’s Kumul Petroleum Holdings a 2.6% participating interest in PNG LNG for a total purchase consideration comprising cash of $576 million and the assumption of ca. $160 million of project finance debt (th
Borr Drilling has confirmed that one of its jack-up rigs, which recently left a shipyard in the UAE, started its new job in Saudi Arabia.
Horisont Energi has signed a Letter of Intent (LoI) with energy company PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, under which PUN aims to enter as a partner and operator in the only CO2 exploration license in the Barents Sea. The Norwegian Ministry of Petroleum and Energy announced
Wood Mackenzie believes the UK will struggle to meet its CCUS targets unless government and private investment come to the aid.
Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on the installation of WinGD’s X-DF-A dual-fuel ammonia engines on forthcoming newbuild vessels. The two companies signed a memorandum of understanding during the Gastech conference in Singapore
To support its long-term expansion plan to increase production from 70 million tons per annum (mtpa) to more than 100 mtpa of nameplate LNG export capacity, U.S. Venture Global has executed an expanded master equipment supply agreement with compatriot Baker Hughes. The agreement includes the deliver
Swedish company CorPower Ocean has installed its first commercial-scale wave energy converter in northern Portugal, setting the course to making wave energy a bankable technology for mass deployment.
Prysmian Group has signed a capacity reservation agreement with Marinus Link, a subsidiary of the Australian transmission system operator (TSO) TasNetworks, to reserve the capability to deliver a power interconnector project in Australia. The agreement includes the Commonwealth Government underwriti
The NSTA has outlined in its new report that the oil and gas industry is making progress on curbing emissions.
EuropeWave project has selected three finalists – CETO Wave Energy Ireland, IDOM Consulting and Mocean Energy – to fabricate, deploy and demonstrate their prototype designs in the third and final phase of the collaborative wave energy project.
