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Strong 2023 start for Northern Irish decommissioning specialist
Business & Finance

Strong start of 2023 for Northern Irish decommissioning specialist

Northern Ireland-based decommissioning specialist Decom Engineering has commenced 2023 with a number of international contracts said to be valued at over seven figures. Decom Engineering reported that it had secured new projects in Africa, Norway, Thailand and Singapore, while strengthening ties wit

about 3 years ago
European firms ink deal for USVs
Business & Finance

European firms ink deal for USVs

Ashtead Technology, the UK-headquartered international subsea rental equipment and solutions specialist, has entered into a multi-year rental agreement with Maritime Robotics, a Norwegian provider of unmanned technology solutions.

about 3 years ago
Blue World Technologies introduces methanol fuel cell-based power generator
Business & Finance

Blue World Technologies introduces methanol fuel cell-based power generator

Danish fuel cell developer and manufacturer Blue World Technologies has launched CellPack™ Stationary, a methanol fuel cell-based power generator. According to Blue World, with high efficiency, a continuous power output, a pure methanol fuel system, and IoT-based remote monitoring, the CellPack™ Sta

about 3 years ago
Illustration; Source: Echandia
Business & Finance

Jack-up rig deal opens offshore energy sector doors to Swedish player

Sweden’s Echandia has received an initial order for battery systems to curb emissions and boost energy efficiency on a jack-up drilling rig.

about 3 years ago
'Major' oil and gas operator picks UK firm to back P&A campaign
Business & Finance

‘Major’ oil and gas operator picks UK firm to back P&A campaign

UK-headquartered supplier of downhole sealing solutions and technology BiSN has secured a contract with what it describes is a “major oil and gas operator” to deploy its alloy barrier technology in the North Sea. Under the three-year contract, which features two one-year extensions, BiSN will provid

about 3 years ago
FPSO Norne; Source: Equinor
Business & Finance

New task for Equinor to address nonconformities on FPSO

Norway’s offshore safety regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.

about 3 years ago
Shell
Business & Finance

Shell doubles profit in 2022 to record-breaking $40 billion

Shell recorded the highest-ever profit of nearly $40 billion in 2022, which has come under fire from NGOs and environmentalists.

about 3 years ago
Uranus rig; Source: Trillion Energy
Business & Finance

‘Abundance’ of gas pay at Black Sea well exceeds expectations

Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.

about 3 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

On emission reduction quest, Odfjell Drilling furnishes rig with new upgrade

Offshore drilling contractor Odfjell Drilling has upgraded one of its semi-submersible drilling rigs with a hybrid system to curb emissions.

about 3 years ago
FET launches next-generation subsea survey software
Business & Finance

FET launches next-generation subsea survey software

Houston-headquartered Forum Energy Technologies (FET) has released its latest generation of video recording solutions for the survey and inspection of subsea assets. Like its predecessors, version 11 (V11) of VisualDVR is a multi-channel, rack-mountable digital video system designed for use on remot

about 3 years ago
Euronav
Business & Finance

Euronav says ousting of entire Supervisory Board not a good idea

Belgian tanker shipping company Euronav believes that the recent request from its shareholder Compagnie Maritime Belge (CMB) to replace the entire Supervisory Board is not a good idea. CMB’s request came on the back of the fallout between Euronav and John Fredriksen’s Frontline on the planned mega-m

about 3 years ago
FPSO Prosperity; Source: Keppel Offshore & Marine
Business & Finance

Keppel O&M on track to deliver FPSO for ExxonMobil’s third project off Guyana

With the naming ceremony out of the way, Keppel Offshore & Marine is on track to deliver a new FPSO vessel to SBM Offshore in 1Q 2023.

about 3 years ago
Anegasaki thermal power station new unit 1 starts commercial operation
Business & Finance

Anegasaki thermal power station new unit 1 starts commercial operation

Japan’s Anegasaki thermal power station new unit 1, which energy company JERA Co. has been replacing through its subsidiary JERA Power Anegasaki G.K., has begun commercial operation. Thermal power station new unit 1 is an LNG-fired power station that uses a gas turbine combined-cycle power generatio

about 3 years ago
Minesto's Dragon 4 tidal energy device (Courtesy of Minesto)
Business & Finance

Minesto looks to strengthen its financial position through rights issue

Swedish company Minesto has announced plans for a rights issue of approximately €13.5 million worth of shares that will be used to progress its tidal energy technology and projects.

about 3 years ago
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