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GT Green Technologies
Business & Finance

GT Green Technologies secures $1.6M to commercialize its wind propulsion solution

The UK-based wind propulsion specialist GT Green Technologies has closed a £1.25 million (about $1.58 million) seed equity round to support the commercialization of its AIrWing wind propulsion system.

about 2 years ago
Following upgrade, Argeo vessel to work for TotalEnergies under $39 million contract
Business & Finance

Following upgrade, Argeo vessel to work for TotalEnergies under $39 million contract

Norwegian marine survey contractor Argeo has secured a $39 million contract with French multi-energy major TotalEnergies for work offshore Africa. Work will be carried out by Argeo Venture and will occupy the vessel for the remainder of 2024. Argeo did not reveal any other information about the cont

about 2 years ago
LNG tanker during unloading; Source: Tokyo Gas
Business & Finance

Japanese duo employs biomethane to bolster efforts toward carbon-neutral future

Two Japanese players, Mitsui & Co. and Tokyo Gas, have brought liquefied biomethane derived from biogas produced overseas to Japan.

about 2 years ago
Sleipner field in North Sea; Credit: Øyvind Gravås and Bo B. Randulff/Equinor
Business & Finance

Equinor ups its electrification ante offshore Norway

Equinor has put measures in place to curb carbon emissions from the Norwegian Continental Shelf (NCS) by 160,000 tons of CO2 per year.

about 2 years ago
Equinor and DeepOcean extend subsea collaboration with new frame agreement
Business & Finance

Equinor and DeepOcean extend subsea collaboration with new frame agreement

Norwegian state-owned energy giant Equinor has signed a frame agreement with compatriot ocean services provider DeepOcean for subsea infrastructure and cable repair for offshore oil & gas and renewables. The agreement covers marine services including subsea intervention and repair contingency for su

about 2 years ago
Noble Voyager drillship; Source: Noble Corporation
Business & Finance

Noble drillship’s stay with Petronas prolonged offshore Suriname

Noble Corporation has secured more work off the coast of Suriname for one of its seventh-generation drillships with Petronas.

about 2 years ago
Illustration; Source: Panoro Energy
Business & Finance

UK oil & gas firm takes steps to widen its footprint offshore Africa

Panoro Energy has ironed out the key terms and conditions with the government of Equatorial Guinea regarding the award of an offshore block.

about 2 years ago
Noble Resilient jack-up rig; Source: Noble Corporation
Business & Finance

Norwegian firm picks up work on Noble rig

Norway-based Soiltech has won two contracts for drilling waste management on a jack-up rig owned by Noble Corporation.

about 2 years ago
Hakuryu-5 semi-sub rig; Source: JDC
Business & Finance

More upgrade and conversion work for oil & gas infrastructure comes Seatrium’s way

Seatrium Limited has got a hold of a batch of new multi-billion dollar contracts for oil and gas vessel repairs, upgrades, and conversions.

about 2 years ago
Very large crude carrier
Business & Finance

MOL to fund construction of dual-fuel VLCC through sustainable financing

Japanese shipping company Mitsui O.S.K. Lines (MOL) has signed a deal to raise funds through transition-linked loan (TLL) financing with Sumitomo Mitsui Trust Bank for the construction of a dual-fuel very large crude carrier (VLCC).

about 2 years ago
Baker Hughes backs European clean energy technology manufacturer
Business & Finance

Baker Hughes backs European clean energy technology manufacturer

U.S. energy technology company Baker Hughes has made a strategic investment in European clean energy technology manufacturer Elcogen.

about 2 years ago
FPSO Errea Wittu concept; Source: ABB
Business & Finance

MODEC opts to equip Guyana-bound FPSO with Norwegian firm’s compressor system

TMC Compressors has won a deal with MODEC to deliver a large-capacity marine compressed air system on board an FPSO destined for Guyana.

about 2 years ago
A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage pot
Business & Finance

PGS, TGS, and SLB working to asses carbon storage potential in Malaysian basin

A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage potential across the Penyu Basin area in Malaysia.

about 2 years ago
Illustration; Source: FortisBC
Business & Finance

‘First-of-its-kind’ Canadian LNG facility gets environmental clearance

British Columbia has approved a project envisioned to enable trans-oceanic vessels to refuel with LNG at the Port of Vancouver.

about 2 years ago
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