Reach Subsea has signed a three or five-year charter contract, including additional options, with Agalas for a low-emission IMR/survey vessel with a smart lifting arrangement and an equipment package that can be adapted to several market segments. The new vessel, set to be constructed at the Sefine
SSEN Transmission has selected Nexans to supply and install the high-voltage cables that will provide a transmission link from the Orkney Islands to the Scottish Highlands. A capacity reservation agreement has been signed and Nexans has committed to reserve manufacturing and installation capacity fo
Aberdeen-based decommissioning services provider Well-Safe Solutions has signed an agreement with Spirit Energy to add a well to the existing scope of the Well-Safe Defender semi-submersible rig. The expanded scope will include a well from the Appleton field located 160 miles east of Dundee, origina
U.S.-based LNG company Excelerate Energy and the Bangladesh Oil, Gas & Mineral Corporation (Petrobangla) have signed an LNG sale and purchase agreement (SPA) under which Petrobangla agreed to purchase 0.85 to 1 million tons per annum (MTPA) of LNG from Excelerate for a term of 15 years beginning Jan
Swedish electrofuel developer Liquid Wind, through its partnership with Alfa Laval, Carbon Clean, Siemens Energy, and Topsoe, has revealed plans for developing and marketing ten additional eMethanol facilities in the Nordics by 2027. The newly-announced plans build on the partnership that was initia
Finnish conglomerate Aspo has attracted a new investor for ESL Shipping to accelerate the green transition of its shipping subsidiary.
Classification society American Bureau of Shipping (ABS) has given approval in principle (AIP) for a next-generation FPSO hull design concept. The AIP was granted for the Sterling Streamline next-generation concept design for large FPSO newbuild hulls from Shapoorji Pallonji Energy (SPE). The design
NAVTOR, a Norway-based e-navigation and performance technology provider to the maritime industry, and Voyager Worldwide, a Singapore-headquartered provider of maritime technology solutions, have agreed to merge in an industry combination.
Van Oord has been awarded contracts for Baltic Power offshore wind farm in Poland and Greater Changhua 2b and 4 offshore wind farm in Taiwan valued at more than €500 million. For the Baltic Power offshore wind project in the Polish Baltic Sea, Van Oord will transport and install 78 foundations, incl
Njord and Greenheart, a subsidiary of Hayfin Capital Management, have added an extra vessel to their partnership.
A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.
U.S. Plug Power, South Korean SK E&S and K-water as well as SK Plug Hyverse, a joint venture between SK E&S and Plug Power, have signed a memorandum of understanding (MoU) to “promote the growth of green hydrogen and rejuvenate the industry.” Specifically, the companies will collaborate on advancing
Australian Energy Producers, representing Australia’s upstream oil and gas exploration and production industry, has called on the Commonwealth to “urgently fix” – what it deems as – the broken offshore regulatory system after the logjam of energy supply and carbon capture projects awaiting approval
The FAB interconnector that will link Great Britain and France has received updated planning permission for its converter station in the UK. The FAB Project will link the national electricity grids of Great Britain and France with the aim of increasing energy security, equalising electricity prices
