The Offshore Wind Growth Partnership (OWGP) selected 32 UK companies working in industries such as oil and gas, aerospace and defence for its Wind Expert Support Toolkit (WEST) Pilot Programme, within which the companies will join those already involved in the renewable energy sector. The programme
Japan’s Modec has ordered six compressors from MAN Energy Solutions for an FPSO destined for the Woodside-operated Sangomar field offshore Senegal.
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has signed a Letter of Intent (LoI) to build 10 LNG-powered very large crude carriers (VLCCs) for an undisclosed European client, Business Korea reported citing the shipyard. If the contract for the ten 300,000-ton dual fuel VL
Motive Offshore has acquired subsea equipment experts Flowline Specialists for an undisclosed figure. The deal, which was finalised last week, is the latest development in Motive’s growth trajectory, bringing its headcount to approximately 200 and bolstering existing capabilities in the UK, Norway a
Hong Kong-based containership owner Seaspan Corporation has entered into purchase orders to build five 12,200 TEU containerships. The order is backed by 18-year long charters from an unnamed liner major. All five vessels are subject to vessel purchase obligations at the conclusion of the charters. T
Ocean Power Technologies (OPT) has reported a decrease in net loss for the second quarter of the fiscal year 2021, compared to the same period a year earlier.
Norwegian fertilizer company Yara International ASA is planning to produce green ammonia, powering emission-free shipping fuels and decarbonized food solutions. Against this backdrop, Yara will fully electrify its ammonia plant in Porsgrunn, Norway with the potential to cut 800,000 tonnes of CO2 per
Mubadala Petroleum has completed the acquisition of additional interest in its operated G1/48 Concession in the Gulf of Thailand, which includes the Manora field.
Austrian oil and gas company OMV has hired a Maersk Drilling jack-up drilling rig to drill an exploration well offshore Norway.
Greek oil and gas company Energean has entered into an exclusivity arrangement to take full ownership of its 70 per cent-owned Israeli subsidiary.
The UK Government and The Crown Estate have launched a new partnership focused on the growth of the local offshore wind sector and protecting and restoring the marine environment. The Offshore Wind Evidence and Change Programme will be led by The Crown Estate, which has committed to a five year GBP
Fugro has opened a new remote operations centre in Abu Dhabi to facilitate the delivery of remote and autonomous solutions to clients in the Middle East and India region.
Japan is planning to introduce ammonia as fuel into the shipping industry and make it commercially available in the late 2020s as part of its efforts to go carbon-neutral by 2050. The solution was examined at today’s meeting of the fuel ammonia council, which was established back in October. The cou
Singapore-based offshore drilling rig builder Keppel has terminated a construction contract with Awilco Drilling for the Nordic Spring semi-submersible drilling rig and served Awilco with a notice of arbitration.
