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Illustration; Source: The International Energy Agency (IEA)
Business & Finance

IEA: Ensuring gas supply security and decarbonisation high on global energy market’s agenda

A new report says closer dialogue between producers and consumers is required to ensure security of gas supply while curbing emissions.

about 3 years ago
Nexans wins €1.43 billion contract for EuroAsia Interconnector
Business & Finance

Nexans wins €1.43 billion contract for EuroAsia Interconnector

Nexans has secured the turnkey contract valued at €1.43 billion for the Cyprus – Greece section of the EuroAsia Interconnector that will connect the grids of Greece, Israel and Cyprus. The 525kV HVDC cable will have a bi-pole length of 2×900 kilometers and will run across the Mediterranean Sea floor

about 3 years ago
NYK
Business & Finance

NYK wraps up vessel dismantling in Bangladesh

Japanese shipping industry major NYK and its group company, NYK Bulk & Projects Carriers Ltd., have completed the dismantling of the heavy-lifter vessel, Kamo, at the PHP Ship Recycling Facility in Bangladesh. The Panama-flagged general cargo ship Kamo was built in 1998. The NYK Group said it was th

about 3 years ago
EnerMech’s global crane operation and maintenance team is being deployed to Malaysia for a long term offshore contract; Source: EnerMech
Business & Finance

UK player scores five-year deal in Malaysia

EnerMech has secured a five-year contract to provide its specialist offshore crane operation and maintenance services in Malaysia.

about 3 years ago
Ocean Apex rig; Source: Diamond Offshore
Business & Finance

Finishing touches underway to get Diamond Offshore rig ready for new drilling jobs in Australia

A semi-submersible rig is undergoing upgrades and a special periodic survey prior to embarking on its new drilling assignments in Australia.

about 3 years ago
Deepsea Yantai rig; Credit: Odfjell Drilling
Business & Finance

Norway sheds light on recent gas discovery in North Sea

More information about a recent gas and condensate discovery in the Norwegian sector of the North Sea has come to light.

about 3 years ago
FSO Palanca; Source Stapem Offshore
Business & Finance

UK oil & gas firm boosts its stake in two Angolan offshore blocks

Afentra has inked a sale and purchase agreement (SPA) with Azule Energy Angola Production to boost its stake in two blocks offshore Angola.

about 3 years ago
Valaris 121 rig; Source: Valaris
Business & Finance

Valaris jack-up rig kicks off its North Sea gig

One of the jack-up rigs owned by Valaris has started its drilling assignment with Petrofac in the UK sector of the North Sea.

about 3 years ago
Subsea link to Orkney gets approval, unlocking 'world's greatest resources of renewable electricity'
Business & Finance

Subsea link to Orkney gets approval, unlocking ‘world’s greatest resources of renewable electricity’

UK energy regulator Ofgem has given its final approval of need for SSEN Transmission’s plans to provide a subsea electricity transmission link to Orkney. The Orkney transmission link will enable the connection of up to 220 MW of new renewable electricity and will consist of a new substation at Fins

about 3 years ago
FPS waal
Business & Finance

RHC highlights key measures needed to unleash investor confidence in hydrogen-powered vessels

In the race to achieve net-zero emissions, the maritime sector is turning its attention to hydrogen fuel as a potential game-changer. Hydrogen has uses as a direct fuel in both gaseous or potentially liquid form, and also as a feedstock for liquid hydrogen carriers such as ammonia or methanol. Howev

about 3 years ago
UK and Denmark electrically connected as Prysmian installs Viking Link subsea cable
Business & Finance

UK and Denmark electrically connected as Prysmian installs Viking Link subsea cable

The last section of the submarine cable for the Viking Link has been installed in the North Sea, making the UK and Denmark now fully electrically connected. This last section, laid and assembled on the seabed on 13 July, was installed 172 kilometers off the Danish coast in German and Dutch waters an

about 3 years ago
shore power
Business & Finance

Japan set to install zero emission chargers for ships in Hanshin Port and Keihin Port

Japanese industry stakeholders including e5 Lab, Marindows, e-Mobility Power, CHAdeMO Association, The Japan Ship Technology Research Association, Mitsubishi Shipbuilding, and Development Bank of Japan have established the Promotion Council for Zero Emission Chargers for Ships, aiming to promote the

about 3 years ago
Deepwater Proteus drillship; Source: Transocean
Business & Finance

Transocean scoops up $518 million drillship gig in Gulf of Mexico

Transocean has secured a long-term contract with an undisclosed operator for a ultra-deepwater drillship in the Gulf of Mexico.

about 3 years ago
The ceremonial launch of EO18 presidential directive (Courtesy of Blueleaf Energy)
Business & Finance

Floating solar projects become first beneficiaries of Philippine government’s strategic investments directive

SunAsia Energy, the developer of the largest floating solar project in the world and its partner and investor Blueleaf Energy, have been recognized as the first beneficiaries of the recently signed Executive Order 18 (EO18) – a presidential directive creating a green lane for strategic investments.

about 3 years ago
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