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Minesto Functionality of Dragon 12 megawatt-scale tidal energy kite verified
Business & Finance

Minesto: Functionality of Dragon 12 megawatt-scale tidal energy kite verified

Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected during its first phase of operation at its grid-connected monopile seabed foundation in Vestmannasund, Faroe Islands, the Swedish company reported. The 25-ton Dragon 12 tidal energy kite was commissioned in the early morning of Fe

about 2 years ago
KfW IPEX-Bank
Business & Finance

KfW IPEX-Bank to fund Smyril Line’s new e-methanol RoRo newbuilds

Germany’s KfW IPEX-Bank has decided to support Smyril Line’s recently announced fleet-renewal program with a financing of €90 million.

about 2 years ago
Ciel & Terre Taiwan and HEXA Renewables have concluded one of Taiwan’s largest near-shore floating solar projects, situated within the Changbin Industrial Park in Changhua County
Business & Finance

One of Taiwan’s largest near-shore floating solar projects completes

Ciel & Terre Taiwan and HEXA Renewables have concluded one of Taiwan’s largest near-shore floating solar projects, situated within the Changbin Industrial Park in Changhua County. The entire floating solar project of the Changbin Industrial zone is about 440 MWp, having Ciel & Terre Taiwain represen

about 2 years ago
PGS' to-do list buzzing with activities
Business & Finance

With number of agreements signed, PGS to stay busy in period ahead

Norwegian seismic company PGS has signed an agreement with Shell for its cloud-based digital asset management solution designed specifically for seismic data, which is set to enable the UK-headquartered energy giant to streamline access to seismic data and accelerate workflows. This Data OnDemand Ag

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Business & Finance

Equinor preparing to spud Barents Sea wildcat with Transocean rig in spring

Equinor has secured a drilling permit from the country’s authorities for an exploration well in the Barents Sea.

about 2 years ago
Minesto scales up its Faroe Islands roadmap to 200 MW tidal energy buildout (Video)
Business & Finance

Minesto scales up its Faroe Islands roadmap to 200 MW tidal energy buildout (Video)

Swedish ocean energy developer Minesto has upgraded its roadmap to a 200 MW tidal energy buildout in the Faroe Islands, said to come as a response to the growing demand for renewable energy. The Faroe Islands has one of the world’s most ambitious energy transition schemes, aiming for 100% renewables

about 2 years ago
Baker Hughes adds 'world's largest deepwater field' to its 2025 task list
Business & Finance

Baker Hughes adds large Brazilian deepwater oil field to its 2025 task list

Baker Hughes has secured a contract with Brazilian state-owned oil and gas giant Petrobras for integrated well construction services for a large deepwater field, located in Brazil’s pre-salt Santos Basin. The integrated services project is set to start in the first half of 2025 and will include dril

about 2 years ago
Banba jack up rig; Source: Dixstone
Business & Finance

Dutch firm’s jack-up rig kicks off drilling ops at Perenco’s asset off Gabon

Perenco has started drilling activities at an appraisal well offshore Gabon, using a jack-up rig owned by the Netherlands-headquartered Dixstone.

about 2 years ago
Illustration; Source: Frontier Centre for Public Policy (FCPP), an independent Canadian public policy think tank
Business & Finance

No more oil & gas permits off Canada’s Pacific coast

Canada has seized control of all 227 offshore oil and gas exploration and production permits off its Pacific coast, putting a stop to further hydrocarbon extraction activities in this area.

about 2 years ago
FPSO One Guyana; Source: SBM Offshore
Business & Finance

WATCH: SBM Offshore FPSO destined for ExxonMobil’s fourth oil project off Guyana leaves drydock

SBM Offshore has revealed that an FPSO, which will work on ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana, recently left drydock and arrived along the quayside at the Seatrium yard in Singapore.

about 2 years ago
Thermoplastic composite pipe suitable for high-pressure hydrogen service, Strohm says
Business & Finance

Thermoplastic composite pipe suitable for high-pressure hydrogen service, Strohm says

Thermoplastic composite pipes (TCP) have shown exceptionally low hydrogen permeation values, demonstrating technical suitability for high-pressure hydrogen service, Dutch TCP producer Strohm reported following a TCP hydrogen testing program. Strohm recently completed an extensive six-month hydrogen

about 2 years ago
ZeroNorth
Business & Finance

ZeroNorth, Alpha Ori close merger to help accelerate zero emissions shipping

Denmark-based technology company ZeroNorth and Singapore’s software developer Alpha Ori Technologies have completed a merger after receiving all required regulatory approvals.

about 2 years ago
Scarborough energy project’s Pluto Train 2 has achieved a major milestone with the first three modules now safely installed on site in Karratha, Western Australia; Source: Woodside
Business & Finance

WATCH: As three modules for Woodside’s giant gas project come to Australia, first LNG cargo on track for 2026

Woodside has tucked a new milestone under its belt for its gas project off the coast of Western Australia with the arrival of the first three Pluto Train 2 modules in Karratha.

about 2 years ago
Rescue vessel to undergo makeover to get ready for renewables
Business & Finance

Rescue vessel to undergo makeover to get ready for renewables

Scottish subsea specialist Sulmara is set to repurpose an emergency response rescue vessel (ERRV) into a multi-purpose support vessel (MPSV) with the addition of equipment to suit the renewables market. Sulmara has signed a three-year deal with Atlantic Offshore to charter the 67-meter DPII multi-pu

about 2 years ago
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