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Photo showing Symphony wave power device (Courtesy of Teamwork Technology)
Business & Finance

Multimetaal to invest in Teamwork Technology’s Symphony wave power system

Dutch-based technical specialist in the metallurgical industry Multimetaal has announced plans to invest in compatriot company Teamwork Technology to further advance its Symphony wave energy device.

about 5 years ago
Baker Hughes nets major contracts from Petrobras for five offshore fields
Business & Finance

Baker Hughes nets major contracts from Petrobras for five offshore fields

Baker Hughes has secured two contracts by Petrobras to provide 322 kilometers of flexible pipes across five fields offshore Brazil. The first contract covers up to 96 kilometers of flexible pipe for the Sapinhoá and Tupi fields, while the second covers up to 226 kilometers of flexible pipe for the M

about 5 years ago
Correll to back ZTT on German offshore wind farms
Business & Finance

Correll to back ZTT on German offshore wind farms

China’s Zhongtian Technology Submarine Cable (ZTT) has awarded Correll Services with contracts related to subsea cables at the Kaskasi II and Gode Wind 3 offshore wind projects in Germany. Correll Services will provide platform cable routing, termination and testing of 155kV subsea cables for the AC

about 5 years ago
Equinor
Business & Finance

Equinor makes investment decision for Lavrans, Kristin Q discoveries

Equinor, Petoro, Vår Energi, TotalEnergies have decided to develop the Lavrans discovery and the Kristin Q-discovery which is a part of the Kristin field.

about 5 years ago
Photo showing Eco Wave Power's Gibraltar wave energy plant (Courtesy of Eco Wave Power)
Business & Finance

Innovate UK backs wave powered micro-grid project for Thailand

Innovate UK, the UK’s innovation agency, has provided £297,000 in grant funding for Eco Wave Power Gibraltar-led project to develop a wave powered micro-grid system that will eventually be tested on the islands of Thailand.

about 5 years ago
tanker
Business & Finance

Report: STX Offshore inks deal for 12 new vessels

South Korea-based shipbuilder STX Offshore & Shipbuilding has won multiple orders with Oceania-based shipping companies to build twelve tankers, the Korea Herald reports citing the company’s statement.

about 5 years ago
Hurricane
Business & Finance

Chairman and non-exec directors leave Hurricane Energy

The chairman of UK oil and gas company Hurricane Energy, as well as all other non-executive directors, have resigned from the company’s board effective immediately.

about 5 years ago
Sunisa Naree
Business & Finance

Precious Shipping obtains $85 million sustainability-linked loan

Thai dry bulk owner and operator Precious Shipping has secured a sustainability-linked loan facility worth $85 million. The loan was inked with International Finance Corporation, Export-Import Bank of Thailand, and TMBThanachart Bank Public Company Limited, mainly to refinance four cement carriers a

about 5 years ago
Northern Endeavour FPSO
Business & Finance

Australian oil & gas sector sees new decommissioning levy as ‘terrible precedent’

Australian oil and gas industry association has labelled a new levy by the government related to decommissioning costs for Laminaria-Corallina oil fields as over the top and extreme.

about 5 years ago
An image showing a floating wind turbine
Business & Finance

200-turbine floating wind oil & gas electrification project selects first supplier

Cerulean Winds, a company that recently unveiled a project for the production of green hydrogen and electrification of offshore oil & gas assets with 200 floating wind turbines off Scotland, has named the first of its delivery partners. The company has selected NOV as the exclusive provider of float

about 5 years ago
GMS
Business & Finance

All 13 GMS vessels under contract after hat-trick award

Following the award of three new contracts, Gulf Marine Services (GMS) now has all 13 vessels in its fleet under contract.

about 5 years ago
CMA CGM welcomes final LNG-powered ULCV
Business & Finance

CMA CGM welcomes final LNG-powered ULCV

CMA CGM Sorbonne, the last LNG-fueled, 23,000 TEU containership out of a series of nine giant boxships being built in China, has been delivered to French shipping major CMA CGM.

about 5 years ago
Horisont Energi
Business & Finance

Horisont Energi inks LOIs for commercial carbon storage

Norwegian carbon tech company and driving force behind the Polaris carbon capture and storage project Horisont Energi has signed several letters of intent with major European companies, continuing its steady progress towards commercial carbon storage off the coast of Norway.

about 5 years ago
Solstad-and-Havfram-continue-Normand-Vision-deal
Business & Finance

Solstad and Havfram continue Normand Vision deal

Solstad Offshore has secured a contract with Havfram, formerly known as Ocean Installer, for the construction support vessel (CSV) Normand Vision. The contract will commence in direct continuation of present agreement in place between the two companies. The firm period of the contract covers the maj

about 5 years ago
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