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DNV UAE decarbonization centre
Business & Finance

UAE partners with DNV to set up maritime decarbonization centre

United Arab Emirates (UAE) has teamed up with Det Norske Veritas (DNV) on the establishment of a new UAE Decarbonization Centre. H.E Suhail Al Mazrouei, Minister of Energy and Infrastructure, and Knut Ørbeck-Nilssen, CEO DNV Maritime signed a Memorandum of Understanding (MOU) on establishing the fac

about 3 years ago
Construction starts for first US subsea rock installation vessel
Business & Finance

Construction starts for first US subsea rock installation vessel

U.S. dredging services provider Great Lakes Dredge & Dock Corporation has held the steel-cutting ceremony for the construction of what is said to be the first U.S. offshore wind subsea rock placement vessel. The ceremony marking the start of construction for the Acadia vessel was held on 20 July at

about 3 years ago
HMM
Business & Finance

HMM Privatization: Bidding kicks off for South Korea’s flagship carrier

The bidding process for the privatization of South Korea’s flagship carrier HMM was officially launched on Thursday in South Korea. The move was confirmed by HMM in a regulatory filing saying that the company’s largest shareholders, government-run banks, Korea Development Bank (KDB), and Korean Ocea

about 3 years ago
cargo ship Hokurenmaru No.2
Business & Finance

Japan takes its autonomous shipping to the next level

Japan’s maritime industry is taking significant strides towards the full-scale commercialization of fully autonomous ships, thanks to the MEGURI2040 Fully Autonomous Ship Project. This collaborative effort, administered by the Nippon Foundation and involving 51 companies under the Designing the Futu

about 3 years ago
Ocean BlackHawk drillship; Source: Diamond Offshore
Business & Finance

One Diamond Offshore drillship done with its job while another continues work off Africa

Diamond Offshore has confirmed that one of its drillships wrapped up its drilling work at Senegal’s first offshore oil development last week.

about 3 years ago
Johan Sverdrup field; Credit: Lizette Bertelsen/Jonny Engelsvoll/Equinor
Business & Finance

Norway throws importance of oil & gas for Europe’s energy security into stark relief

Norway stepped up to help alleviate Europe’s energy woes, becoming the continent’s largest gas supplier in the process.

about 3 years ago
Waves4Power's WaveEl wave energy system (Courtesy of Waves4Power)
Business & Finance

Swedish wave energy company gets onboard Alaska’s decarbonization accelerator

Swedish company Waves4Power has been selected to participate in Launch Alaska’s 2023 Tech Deployment Track, a program which accelerates decarbonization and deployment of climate tech solutions by helping companies forge partnerships and identify projects in Alaska.

about 3 years ago
ABS
Business & Finance

ABS greenlights Japanese fully autonomous ship framework

The American Bureau of Shipping (ABS) has issued an approval in principle to the fully autonomous ship framework named Action Planning and Execution System for full autonomous (APExS-auto). The system was developed by Nippon Yusen Kabushiki Kaisha (NYK), Monohakobi Technology Institute (MTI), and Ja

about 3 years ago
NNPC and UTM Offshore ink deal on Nigeria’s first indigenous floating LNG project
Business & Finance

NNPC and UTM Offshore ink deal on Nigeria’s first indigenous floating LNG project

Nigerian National Petroleum Corporation (NNPC) and UTM Offshore have signed a Heads of Terms (HoT) agreement for the construction of the nation’s first indigenous floating LNG project. The agreement, described as a major step towards bolstering Nigeria’s energy security and promoting the utilization

about 3 years ago
Kistos' exploration and production licenses in the Netherlands; Source: Kistos
Business & Finance

With appeal for North Sea licence extension out of the way, Kistos eyes appraisal drilling ops

Kistos has successfully appealed against the Netherlands Ministry of Economic Affairs’ decision not to extend the term of a licence in the North Sea.

about 3 years ago
Island Innovator rig; Source: Island Drilling
Business & Finance

WATCH: Island Drilling rig getting ready for coil tubing ops in UK waters

Island Drilling has revealed a video of its semi-submersible rig, which is preparing for coil tubing operations while on contract with Dana Petroleum in the UK.

about 3 years ago
NKT preferred bidder for two Scottish HVDC power cable projects
Business & Finance

NKT preferred bidder for two Scottish offshore HVDC transmission links

SSEN Transmission, the transmission owner in the north of Scotland, has appointed NKT as the preferred bidder for the supply of power cable systems for two HVDC transmission links offshore Scotland. If confirmed, NKT will provide 525 kV XLPE HVDC power cable systems for the Western Isles and Spittal

about 3 years ago
Njord field in the Norwegian Sea; Credit: Even Kleppa/Lizette Bertelsen – Equinor
Business & Finance

With gas on a downward spiral, Norway’s oil output keeps upping the ante

Norway’s oil production remained on the rise in June 2023 compared to the Norwegian Petroleum Directorate’s predictions.

about 3 years ago
Transocean's Deepwater Invictus drillship; Source: BHP (now Woodside)
Business & Finance

Transocean’s plethora of new rig deals fetches $1.2 billion

Transocean has won a bundle of new contracts and extensions in Mexico, Australia, Norway, Lebanon, and the East Mediterranean Sea.

about 3 years ago
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