INEOS has embarked on a quest to expand its U.S. Gulf of Mexico footprint by inking a deal with CNOOC to take over its Gulf of Mexico business. The acquisition is seen as the British player’s third big investment in America over the past three years.
Petrobras has finished the anchoring activities for its new floating production, storage, and offloading (FPSO) vessel, which is considered the biggest one off the coast of Brazil to date.
Carnegie Clean Energy has secured a bond facility agreement with Export Finance Australia (EFA) to support the ACHIEVE Program’s CETO wave energy technology deployment at the Biscay Marine Energy Platform (BiMEP) in the Basque Country, Spain. The agreement is said to see EFA provide advanced paymen
Noble is bent on enhancing its operational safety and performance with simulator technology for dynamic positioning (DP) training and analysis, which will be provided by Kongsberg Digital.
Switzerland’s Federal Council adopted the national hydrogen strategy the same day that Axpo and its partners broke ground on the site of a new hydrogen production plant to be constructed by H2Uri.
UAE-based Drydocks World, in partnership with GE Vernova, has secured a contract to build and install Ostwind 4, a 2 GW offshore wind grid connection in Germany. Ostwind 4 will connect Baltic Sea offshore wind farms to the national grid using high-voltage direct current (HVDC) technology. This will
The European Bank for Reconstruction and Development (EBRD) has decided to invest in Morocco’s maritime sector with a loan of up to MAD 690 million (equivalent to €65 million) to local port operator Marsa Maroc.
QatarEnergy has set the stage to get a stake in an exploration block off the coast of Namibia, thanks to a deal with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron Corporation.
Norway’s subsea services provider Argeo has entered into a five-year agreement, with potential for an additional two years, with France’s energy giant TotalEnergies for offshore site investigation services. The two companies established a global framework agreement on legal terms and conditions (FAL
Following a new oil discovery near an asset that is already in operation, Vår Energi and its Equinor, are in the process of contemplating a tie-back of their latest discovery to the existing floating production, storage, and offloading (FPSO) unit in the Barents Sea.
U.S. public ferry service provider San Francisco Bay Ferry (SF Bay Ferry) has entered into an agreement to purchase the nation’s first three battery-electric high-speed passenger ferries from All American Marine.
Prompted by the continued growth of climate transparency from financial institutions, the global finance portfolio for shipping has moved closer to alignment with ambitious decarbonization trajectories set by the International Maritime Organization (IMO), aiming to remove emissions from internationa
Shell has greenlighted another multi-well development project to enrich oil production from an asset situated at a water depth of about 2,450 meters (8,040 feet) in the U.S. Gulf of Mexico (GoM), said to represent the world’s deepest floating oil platform.
UK-headquartered oil and gas player Orcadian Energy has inked two deals with compatriot power developer and operator of power plants, the Independent Power Corporation (IPC), and its affiliates.
