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Business & Finance

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Design of the P18-A platform, unmanned and equipped with solar panels and wind turbines; Credit: KCI Engineers
Business & Finance

Gas platform inches step closer to its new lease on life as ‘one of a kind’ solar-wind powered facility for carbon storage in North Sea

Progress has been made in the finalization of the design required to repurpose a former offshore gas platform into an unmanned installation equipped to run on solar and wind for permanent offshore carbon dioxide (CO2) storage in one of the depleted natural gas fields in the North Sea.

about 1 year ago
Norway’s TECO 2030 sets sights on becoming global technology provider
Business & Finance

Norway’s TECO 2030 sets sights on becoming global technology provider

Norway-based cleantech company TECO 2030 has decided to make a strategic shift from manufacturing fuel cells in Norway to positioning the company as a global technology provider by offering licensing agreements to international partners. TECO explained that this decision reflects its commitment to g

about 1 year ago
Milestone in for hybrid cable lay & construction vessel set for Japan's offshore wind
Business & Finance

Keel laid for Japan-bound hybrid cable lay & construction vessel

Norwegian ship designer and shipbuilder VARD has held the keel laying ceremony for what is said to be a highly customized hybrid power cable lay and construction vessel that will serve the Japanese offshore wind market. VARD is building the vessel for Toyo Construction, a Japanese general constructi

about 1 year ago
Maersk Installer subsea support vessel (illustration); Source: Maersk Supply Service
Business & Finance

Maersk Supply Service hand-picks UK firm for ‘complex’ ultra-deepwater job at Brazil’s huge oil field

Maritime Developments Limited (MDL) has been tasked with providing horizontal subsea umbilicals, risers, and flowlines (SURF) lay spread onto an I-class subsea support vessel to assist Denmark-headquartered Maersk Supply Service (MSS) with a solution development scope at a giant oil field in the pre

about 1 year ago
A rendering of three LNG plants on a coast
Business & Finance

French-Japanese duo wins FEED job for LNG project offshore Mozambique

Two engineering companies, Japan’s JGC Holdings Corporation and France’s Technip Energies, have emerged as winners of the front-end engineering design (FEED) tender launched by ExxonMobil on behalf of its partners from the Mozambique Rovuma Venture (MRV), Eni and China National Petroleum Corporation

about 1 year ago
Two men inside a room with all surfaces covered in metal
Business & Finance

European shippping firm adds tank design job to GTT’s docket for four LNG vessels

France’s technological containment specialist Gaztransport & Technigaz (GTT) has received an order from South Korea’s HD Hyundai Samho, a subsidiary of shipbuilding giant HD Korea Shipbuilding & Offshore Engineering (HD KSOE), for the tank design of four new liquefied natural gas carriers (LNGCs), o

about 1 year ago
Excelerate Energy's FSRU; Source: Excelerate Energy
Business & Finance

‘World’s largest FSRU operator’ going in hot pursuit of greener ops with Wärtsilä’s reliquefaction retrofit as USA racks its brain on bridging the gap for gas project reviews

Wärtsilä is helping future-proof gas infrastructure with its reliquefaction systems, which it will deliver for retrofit and installation onboard an FSRU, owned by the U.S.-based Excelerate Energy, a liquefied natural gas (LNG) giant.

about 1 year ago
Remotely operated vehicle (ROV) (for illustration purposes); Source: DeepOcean
Business & Finance

Fresh subsea gig offers ‘large’ operator option to keep DeepOcean busy in UK for up to a decade

DeepOcean has won a new multi-year subsea assignment off the coast of the UK with an undisclosed operator on the UK Continental Shelf (UKCS).

about 1 year ago
FSRU (for illustration purposes); Source: Excelerate Energy
Business & Finance

US giant looking into FSRU-based tech opportunities to step up LNG imports game in Southeast Asian country

Excelerate Energy has joined forces with PetroVietnam Technical Services Corporation (PTSC), a subsidiary of Vietnam Oil and Gas Group (PetroVietnam), to explore FSRU-based technical solutions for LNG imports into Vietnam.

about 1 year ago
UK-based Beam has revealed an AI-driven autonomous underwater vehicle (AUV) it describes as a major milestone in underwater robotics and a world first; Courtesy of Beam
Business & Finance

‘World’s first’ AI-powered autonomous subsea vehicle changing underwater inspection and survey game (Video)

UK-headquartered tech player Beam has tucked a milestone in marine technology and underwater robotics under its belt with the development and deployment of a new innovative technology offering, said to be the world’s first autonomous underwater vehicle driven by artificial intelligence (AI).

about 1 year ago
JDR service centre in Macaé, Brazil; Source: JDR Cable Systems
Business & Finance

JDR hangs out its shingle in Brazil as plans for tripling clean power drive subsea work upsurge

JDR Cable Systems, part of TFK Group, has set up its new shop in Brazil as part of its strategic expansion in pursuit of further growth opportunities in light of the South American country’s ambition to triple clean energy capacity by 2030, which puts the rise in offshore wind projects in the spotli

about 1 year ago
A drillship at sea
Business & Finance

Repsol upping its stake in Mexico’s deepwater field after buying Thai player’s share

Repsol Exploración México, an affiliate of Spain’s energy giant Repsol, has inked a sale and purchase agreement (SPA) with the Mexican subsidiary of Thailand’s national oil and gas company PTT Exploration and Production (PTTEP), Mexico PTT Exploration and Production, to buy the latter’s portion in a

about 1 year ago
Installation of the PLEM at Wilhelmshaven 2 LNG Terminal; Source: Geocean
Business & Finance

WATCH: In the run-up to commercial ops, French firm finishes subsea installation work at Germany’s LNG terminal with single lift

Geocean has hit a new milestone with the subsea installation of the first pipeline end manifold (PLEM) in a single lift at Germany’s second LNG terminal in Wilhelmshaven.

about 1 year ago
PowerCell
Business & Finance

PowerCell bags $16 million fuel cell systems order

Swedish hydrogen fuel cell provider PowerCell has signed what is said to be one of the world’s largest orders of marine fuel cell systems to date with a ‘leading’ Italian marine OEM manufacturer. As disclosed, the three-part order value is approximately SEK 165 million (around $16 million) and consi

about 1 year ago
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