It is just the second week of the new year ahead of us, however, European authorities and industry are not wasting any time on acting upon carbon reduction efforts. This week saw the European Union launch a number of initiatives, making us wonder whether 2023 will be the year of big changes.
An in-depth review of Valaris’ rigs, including details about new contracts and extensions along with other recent activities related to its fleet.
Swiss freight trader Cargill has placed an order for two methanol-fuelled bulk carriers in Japan. Namely, the company has teamed up with Mitsu & Co, and ordered a Kamsarmax duo from Japanese shipbuilder Tsuinesihi Shipbuilding. The order was reportedly signed last month and the ships are scheduled f
Minesto has received its first ‘historic’ sales order of site development services for Dragon Class tidal energy power plants to a major corporation in the Asian offshore energy sector.
While low-carbon investments overtook oil & gas spending for the first time in 2022, this growth is expected to slow in 2023, says Rystad.
Houston-based oil and gas service company Trendsetter Engineering has secured a contract to support the development of Beacon Offshore Energy’s project located in the Gulf of Mexico. Under the multi-year rental and servicing agreement, Trendsetter will provide a 20,000 psi subsea well intervention p
The Scottish and UK governments have awarded the Green Freeport status to Inverness and Cromarty Firth Green Freeport and Forth Green Freeport in Scotland. The ports, Scotland’s first Green Freeports, will receive up to GBP 52 million in start-up funding and will benefit from tax reliefs and other i
BP has handed out a long-term deal for well engineering services across its global operations to THREE60 Energy.
Aker BP has started drilling an exploration well in the North Sea off Norway, using one of Saipem’s semi-submersible rigs.
Japan’s Kawasaki Heavy Industries and French energy major TotalEnergies have completed a joint offshore verification test measuring the electrical potential of subsea pipelines during close-range inspections using an autonomous underwater vehicle (AUV). The test was performed using what is said to b
US Department of Energy (DOE) has encouraged the Appalachian Regional Clean Hydrogen Hub (ARCH2) to submit a full application for the regional clean hydrogen hub Funding Opportunity Announcement (FOA) as designated in the bipartisan Infrastructure Investment and Jobs Act. ARCH2 said its goal is to l
Petrobras has awarded several new contracts to CHC do Brasil, part of CHC Helicopters, for offshore transport services in Brazil.
Maersk Growth, a venture arm of industry major A. P. Moller – Maersk, has revealed an investment in Berlin-based startup C1 Green Chemicals AG which specializes in the production of green methanol. The company has developed innovative technology enabling the mass production of green methanol without
Deutsche ReGas operated Ostsee LNG import terminal, for which French energy major TotalEnergies is contributing a floating storage and regasification unit (FSRU) and LNG supply, will see its official inauguration tomorrow. Stéphane Michel, President of Gas, Renewables & Power at TotalEnergies, said:
