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Four new partners have joined the Offshore Renewable Energy (ORE) Catapult’s joint industry project (JIP) to develop seabed mobility guidance for the offshore renewable sector
Business & Finance

Major partners join JIP to develop seabed mobility guidance for offshore renewables

Four new partners have joined the Offshore Renewable Energy (ORE) Catapult’s joint industry project (JIP) to develop seabed mobility guidance for the offshore renewable sector. The 18-month project has doubled in number of partners, with National Grid, Ørsted, Vattenfall, and BP now joining RWE, Sco

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

Nuclear tech comes to oil & gas aid for ‘first time’ as decarbonization quest gains ground

Viaro Energy has now set the wheels in motion to throw low-carbon nuclear technology into the oil and gas sector’s decarbonization mix.

about 2 years ago
Illustration; Source: Aboitiz Power
Business & Finance

Empowering Asian energy industry with Philippines’ first integrated LNG facility

Three players are setting in motion the Philippines’ first integrated liquefied natural gas (LNG) facility in Batangas.

about 2 years ago
Floatel Superior; Source: Floatel International
Business & Finance

Floatel vessel finds work with Norwegian oil & gas giant

Floatel International has won a new contract and secured an optional one for a semi-submersible support vessel off the coast of Norway.

about 2 years ago
Ocean BlackHornet drillship; Source: Maersk Training
Business & Finance

BP prolongs Diamond Offshore drillship’s stay in Gulf of Mexico

Diamond Offshore has got its hands on a contract extension for one of its drillships, which is working in the U.S. Gulf of Mexico for BP.

about 2 years ago
Rig 141 jack-up rig; Source: Shelf Drilling
Business & Finance

Two more years for Shelf Drilling’s 42-year-old jack-up rig in Gulf of Suez

Shelf Drilling has won a contract extension for a jack-up rig working on an assignment in the Gulf of Suez off the coast of Egypt.

about 2 years ago
Shell worker in the uniform
Business & Finance

New milestone for Shell thanks to its ‘longest’ USV deployment foray for pipeline route survey

The Shell Petroleum Development Company of Nigeria (SPDC), a subsidiary of Britain’s energy giant Shell, has launched an uncrewed surface vessel (USV) for a pipeline route survey in the Niger Delta. According to the company, the USV innovation offers time and cost savings while minimizing personnel

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

Prysmian, Hitachi Energy, and BAM pen deals for UK’s ‘largest’ subsea green electricity superhighway

Prysmian, Hitachi Energy, and BAM have inked contracts for cable and converter stations destined for a HVDC cable connection in the UK.

about 2 years ago
MOL wraps up acquisition of Fairfield Chemical Carriers for $400M
Business & Finance

MOL wraps up acquisition of Fairfield Chemical Carriers for $400M

Chemical tanker operator MOL Chemical Tankers, a subsidiary of Japanese shipping major Mitsui O.S.K. Lines (MOL), has completed the acquisition of all shares of Fairfield Chemical Carriers (FCC), a chemical tanker service company based in the US.

about 2 years ago
Illustration; Source: National Grid
Business & Finance

Harnessing North Sea power for net zero future with provisional green light for two UK subsea cable links to Europe

Ofgem has recommended for approval plans for two high-voltage cable links to Europe, which have the potential to power millions of homes.

about 2 years ago
SolarDuck and the world's largest offshore floating solar power plant
Business & Finance

Project to develop world’s largest offshore floating solar power plant takes off

The consortium behind the Nautical SUNRISE project has started work to develop the world’s largest offshore floating solar power installation. The €8.4 million project, supported by €6.8 million of the Horizon Europe program, started in December 2023 to execute research and development on offshore f

about 2 years ago
FPSO Armada Sterling V; Source: Shapoorji Pallonji Energy (SP Energy)
Business & Finance

First crude oil offtake from new FPSO represents ‘historic achievement in India’s energy sector’

ONGC has held a flag-off ceremony for the first crude oil offtake from an FPSO, which is working off India’s east coast.

about 2 years ago
Canada backs World Energy GH2’s green hydrogen project with $95M
Business & Finance

Canada backs World Energy GH2’s green hydrogen project with $95M

The Government of Canada has agreed to support the development of Project Nujio’qonik, the country’s first commercial-scale green hydrogen/ammonia facility on the west coast of Newfoundland and Labrador. To this end, World Energy GH2, the developer of Project Nujio’qonik, and Export Development Cana

about 2 years ago
Veer
Business & Finance

Veer to pick shipyard for first 100% zero-emission ocean-going boxship

The Bahamas-based maritime startup Veer is one step closer to deploying the first clean containership to cross an ocean as it will soon select a shipyard to commence the construction process.

about 2 years ago
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