Saipem is pooling resources with Eni to add renewable fuels to its arsenal, which would be used for its drilling and construction vessels.
Energy company Vertex Hydrogen, a joint venture between Essar Oil UK and Progressive Energy, has signed agreements to supply over 1,000 MW of low-carbon hydrogen to industrial names in the UK. Currently, the company is developing the UK’s first large-scale low-carbon hydrogen production hub at Essar
Singapore’s offshore services provider Kim Heng has entered into Memoranda of Agreement (MoA) for the acquisition of nine vessels for a total consideration of approximately $9.28 million. Ruhm Mazu Sdn Bhd, a 49 per cent owned indirect subsidiary of Kim Heng, entered into agreements to purchase four
NKT is set to commence the second cable installation campaign for SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) link in the North Sea in March. The £660 million project includes the construction of a 260-kilometer subsea cable from Shetland to the GB mainland, linking Shetland to t
Aker Solutions is about to recycle the 7,900 tonnes of steel foundation from an old drilling platform, which was used at an oil field in the North Sea.
Subsea 7 has secured a contract extension with Brazilian oil and gas giant Petrobras for one of its pipelay support vessels (PLSVs). The agreement extends the existing contract for Seven Cruzeiro from February until November this year. Daniel Hiller, Vice President Brazil at Subsea 7, said: “This ex
SBM Offshore is working on several FPSO projects and two of these vessels are expected to achieve the first oil this year.
US liquefied natural gas (LNG) export project developer Venture Global LNG and China Gas Hongda Energy Trading, a wholly-owned subsidiary of China Gas Holdings, have signed two 20-year LNG sales and purchase agreements (SPA). Venture Global said that, under the deals, China Gas will buy 1 million to
Belgian green hydrogen company Tree Energy Solutions (TES) and Zurich-based energy provider Energie 360° have teamed up to supply green energy to the industry and support each other in achieving their decarbonisation goals. To this end, the companies have signed a letter of intent under which TES ai
First steps have been made towards building the first subsea power cable factory in Taiwan to support its growing offshore wind sector as the cable manufacturer NKT and Taiwan’s conglomerate Walsin Lihwa announced they were establishing a joint venture. The factory, which will specialise in the prod
Diamond Offshore’s Ocean GreatWhite rig is in the process of wrapping up its preparations for its upcoming assignment in the North Sea.
After more than doubling its annual profit in 2022, Eni has unveiled a strategic plan forward, putting the diversification of energy sources’ geographic mix at its core.
In response to the expected strengthening of decarbonization goals for the shipping industry, South Korea has released a strategy aiming to decarbonize its shipping industry by 2050. The strategy is being released ahead of the anticipated 80th meeting of the Marine Environment Protection Committee (
Copenhagen Infrastructure Partners (CIP), a major in offshore wind development, has acquired a majority stake in a blue ammonia project which will be developed alongside US-based Sustainable Fuels Group (SFG). While the financial terms of the transaction were not disclosed, CIP said it has acquired
