South Korean Hyundai Motor Company has signed a Memorandum of Understanding (MOU) with marine service provider Hyundai Global Service and classification society Korean Register (KR) to develop and commercialize hydrogen fuel cell systems on marine vessels.
The US Department of Energy (DOE) will grant $52.5 million to projects of next-generation clean hydrogen technologies.
The trend of winning new deals and extensions continues for offshore drilling contractor Valaris following another extension for one of its jack-up rigs.
Norwegian offshore vessel owner Solstad Offshore has secured multiple new medium-term contracts and contract extensions for its vessels.
Offshore drilling contractor Valaris has been awarded a contract for a drillship with BP offshore Mauritania and Senegal.
Swedish-Israeli onshore wave energy developer Eco Wave Power has closed its underwritten initial public offering (IPO) on Nasdaq, collecting $9.2 million in gross proceeds.
Bermuda and Norway-based shipping firm Avance Gas Holding has signed and completed a $104 million sustainability-linked term facility with a bank syndicate.
UK’s OGA has revealed that the decommissioning cost estimate has fallen to £46 billion (about $63.7 billion), the fourth year-on-year fall.
DP World, UAE Region, has signed a 30-year lease agreement with chemical distributor Petrochem Middle East for the expansion of a chemical distribution terminal.
Following a sail away from a yard in Verdal, a jacket for the Aker BP-operated Hod B platform has been installed in the North Sea off Norway.
Taiwanese shipping line TS Lines has placed an order for the construction of four 7,000 TEU containerships with Shanghai Waigaoqiao Shipbuilding. The 7,000 TEU containerships, independently designed by Shanghai Merchant Ship Design & Research Institute (SDARI), will feature environmental design conc
Three oil and gas majors are supporting a research project from GHGSat to assess the feasibility of its methane monitoring technology.
Brazilian drilling contractor Constellation Oil Services has been awarded a contract for a drillship from compatriot oil company Petrobras.
The U.S. Department of Energy (DOE) has made available up to $27 million in federal funding for research and development projects to convert energy from ocean waves into carbon-free electricity.
