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HydrogenPro steps into US market with establishment of manufacturing facility
Business & Finance

HydrogenPro steps into US market with establishment of manufacturing facility

Norwegian HydrogenPro, a technology company and an OEM for high-pressure alkaline electrolysers, has announced it will take its first major step into the US market with the establishment of a 500 MW manufacturing facility in Texas, US, with an estimated total investment cost of $30-50 million. Accor

about 3 years ago
CF Industries to purchase Waggaman ammonia production facility in US
Business & Finance

CF Industries to purchase Waggaman ammonia production facility in US

CF Industries Holdings, a global manufacturer of hydrogen and nitrogen products, has signed a definitive purchase agreement with Incitec Pivot Limited (IPL) for IPL’s ammonia production complex located in Waggaman, Louisiana, US. Under the terms of the agreement, CF Industries said it will purchase

about 3 years ago
Illustration; Source: Baron Oil
Business & Finance

U.S. raises the offshore rig count ante

Baker Hughes’ weekly rig count report reveals that the number of offshore rigs in the U.S. was on the upswing last week with three units added to the mix.

about 3 years ago
Subsea7 begins pipe spooling for Northern Lights CCS project
Business & Finance

Subsea7 begins pipe spooling for Northern Lights CCS project

A Subsea7 pipelay vessel has begun pipe spooling for the Northern Lights carbon capture and storage (CCS) project being developed in Norway. The vessel Seven Oceans arrived at Subsea7’s Vigra Spoolbase in Norway to spool the first section of the 100-kilometer pipeline that will run from Øygarden to

about 3 years ago
Perro Negro 12 jack-up rig; Source: Ocean Challenger
Business & Finance

WATCH: Saipem’s recently named jack-up rig leaves shipyard ahead of new gig

A 300-ft jack-up drilling rig built by CIMC Raffles has joined the fleet of Italy’s contractor Saipem, following a naming ceremony in China ahead of a five-year contract in the Middle East.

about 3 years ago
Atlantis platform in the Gulf of Mexico; Source: BP
Business & Finance

Offshore oil worker medevaced from BP’s Gulf of Mexico platform

The U.S. Coast Guard (USCG) has performed an emergency evacuation via helicopter of a 28-year-old male worker from a BP-operated platform.

about 3 years ago
Statfjord B platform in the North Sea; Credit: Rune Meyer Amundsen/Equinor
Business & Finance

Equinor sets its cap on bringing OKEA as new partner in North Sea field

Equinor and OKEA have entered into an agreement, which will enable the latter to acquire 28 per cent interest in the Statfjord area.

about 3 years ago
Illustration; Source: U.S. Energy Information Administration (EIA)
Business & Finance

While high demand spurs U.S. gas production, low-carbon and green shift set to curb emissions

The American natural gas production is expected to grow while the accelerated shift to low-carbon and green sources will reduce U.S. energy-related CO2 emissions through 2050.

about 3 years ago
FSO Benchamas 2; Source: MISC Berhad
Business & Finance

After worker dies in FSO incident off Thailand, navy comes to the rescue to stave off oil spill

Following an incident during routine maintenance, which damaged a floating storage and offloading (FSO) unit operated by a Thai subsidiary of Chevron, Thailand has ordered its navy to join the efforts being undertaken to prevent an oil spill from the vessel.

about 3 years ago
Irish TSO seeking services for interconnector projects
Business & Finance

Irish TSO seeking services for interconnector projects

Irish transmission system operator (TSO) EirGrid has launched a tender comprising five lots that seeks offshore marine support services for interconnector projects. EirGrid is looking for a strategic partner to provide a range of specialized offshore services, resources and consultancy advice, studi

about 3 years ago
Illustration/Part of OPT’s products range (Courtesy of OPT)
Business & Finance

OPT widens third quarter loss

US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss in the third quarter of fiscal 2023, as compared to the same period a year earlier, with revenues marking a growth.

about 3 years ago
Valaris DPS-5 rig. Source: Lukoil
Business & Finance

Eni hits oil offshore Mexico

Eni has made a new oil discovery in an exploration well located in Block 7 in the Sureste Basin off Mexico, using Valaris’ semi-submersible rig.

about 3 years ago
Nexans nears end of activities at Greek interconnector
Business & Finance

Nexans nears end of activities at Greek interconnector

Nexans has completed the last pull-in of the subsea interconnector cable between the island of Crete and the Greek mainland. Nexans is in charge of the design, manufacture and installation of the 335-kilometer subsea HVDC cable system for Ariadne Interconnection, owned by Greece’s state grid operato

about 3 years ago
Marubeni-funded green hydrogen injection demonstration project kicks off in Portugal
Business & Finance

Marubeni-funded green hydrogen injection demonstration project kicks off in Portugal

Japan’s Marubeni Corporation has launched the first green hydrogen injection demonstration project in the natural gas distribution network of Portugal through its investment in Floene Energias, a gas distribution system operator in Portugal with over 70% of the country’s market share. According to M

about 3 years ago
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