A few months after having been selected as the preferred suppliers, the consortium of GE Vernova’s Grid Solutions business and MYTILINEOS Energy & Metals has secured a £1 billion contract to deliver the HVDC converter stations for the 2 GW Eastern Green Link 1 (EGL1) subsea electricity superhighway
Transocean has tucked a new deal under its belt with OMV Petrom for one of its semi-submersibles, which will see the rig move to work in the Black Sea.
US-based company Ocean Power Technologies (OPT) has secured a letter contract with a $6.5 million ceiling for its wave-powered buoys to bolster maritime domain awareness for us government agencies.
QatarEnergy’s CEO has urged Arab countries to bolster their cooperation efforts in the evolving energy landscape to address the energy transition challenges.
German engine manufacturer MAN Energy Solutions has signed an agreement with Alfa Laval, the Swedish industrial concern, to develop a methanol fuel-supply solution for MAN four-stroke engines and its fuel-injection technology. As a result, the first four-stroke engine types will be capable of retrof
Horisont Energi and PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, have signed a sales and purchase agreement (SPA) under which PUN acquires a 50% participating interest in the only CO2 exploration license in the Barents Sea and is willing to take over the operator role. Under the SPA, P
The Seabed Security Experimentation Center (SeaSEC), the research center for submarine infrastructure security, has officially opened in The Hague, the Netherlands. Located at Campusatsea in Scheveningen, the SeaSEC research center is committed to safeguarding the subsea infrastructure in the North
TotalEnergies is continuing its investigation into the failure of a heating system section at a gas plant on the north coast of the main island of the Shetland Isles.
Neptune Energy has revealed a new gas discovery at an offshore prospect and confirmed the volumes for an appraisal well in the North Sea.
Nasdaq-listed dry bulk shipping company Star Bulk Carriers and Eagle Bulk Shipping, one of the world’s largest owner-operators within the midsize dry bulk vessel segment, revealed their intent to merge through an all-stock agreement. The merger is expected to create a dry bulk shipping powerhouse wi
Italian company Remacut, part of NOV, has won a contract with Nexans to deliver the cable-lay equipment for the company’s new cable-lay vessel (CLV). Building on its predecessor, the CLV Nexans Aurora, the newly constructed vessel will incorporate a 3,500-ton underdeck carousel to complement the 10,
Japanese shipping major NYK Line has teamed up with compatriot shipbuilders Namura Shipbuilding Co. and Sasebo Heavy Industries Co. to replace the main propulsion on steam turbine–driven Moss-type LNG carriers. In October 2023, NYK was granted Approval in Principle (AiP) from the Japanese classifica
Northern Ocean is on the lookout for further assignments for a semi-submersible rig, which is expected to finish its work with Shell in the summer next year.
As a battle over fossil fuel language continues to rage, the pressure is not letting up on demands to phase out fossil fuels.
