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Dutch firm gets work on Perenco’s rig conversion project off Congo
Business & Finance

Dutch firm gets work on Perenco’s rig conversion project off Congo

Wagenborg Foxdrill has secured a contract for offshore derrick removal in Congo with a turnkey contractor for Perenco’s platform conversion.

about 3 years ago
Lhyfe and Schaeffler enter multi-deal partnership, hydrogen included
Business & Finance

Lhyfe and Schaeffler enter multi-deal partnership, hydrogen included

German automotive and industrial supplier Schaeffler has signed a letter of intent (LOI) with French hydrogen producer Lhyfe that includes a technology partnership, green hydrogen, and a 15 MW industrial electrolysis plant in Herzogenaurach, Germany. The first part of the agreement is in regard to g

about 3 years ago
Port of Narvik gets ENOVA funding to build shore power for cruise ships
Business & Finance

Port of Narvik gets ENOVA funding to build shore power for cruise ships

The Port of Narvik and Norwegian company Plug Nord have been awarded NOK 10.7 million (€1.02 million) in funding from Enova to build shore power for cruise ships.

about 3 years ago
Drillship secures more work in U.S. Gulf of Mexico
Business & Finance

Drillship secures more work in U.S. Gulf of Mexico with BP

Aquadrill has extended the charter hire agreement with a subsidiary of Diamond Offshore Drilling for one of its drillships.

about 3 years ago
Fincantieri
Business & Finance

Digitized, net zero ships at the core of Fincantieri’s new business strategy

Italian shipbuilder Fincantieri has laid out its strategy for the upcoming period putting a major focus on building up its competencies in the construction of digital and net zero ships. The company’s 2023-2027 Business Plan aims to create greater synergies between the company’s cruise, defense, and

about 3 years ago
Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood
Business & Finance

Highest FPS throughput capacity since 2010 greenlighted in 2022, says Westwood

Westwood has outlined that 2022 will have the highest floating production system (FPS) throughput capacity sanctioned since 2010.

about 3 years ago
Danish Power-to-X flagship project receives IPCEI funding
Business & Finance

Danish Power-to-X flagship project receives IPCEI funding

Ørsted-led Power-to-X project Green Fuels for Denmark has been awarded DKK 600 million (around $86 million) by the Danish Business Authority as part of Denmark’s participation in the Important Project of Common European Interest (IPCEI) programme. The project, which is being developed by Ørsted in p

about 3 years ago
Vår Energi to address nonconformity for its FPSO modification project
Business & Finance

Vår Energi to address nonconformity for its FPSO modification project

Norwegian regulator has carried out an audit of Vår Energi and its management of barriers and maintenance on an FPSO modification project.

about 3 years ago
Equinor all set to drill North Sea wildcat
Business & Finance

Equinor all set to drill North Sea wildcat

Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago
Chevron leads investments in Svante’s carbon capture technology
Business & Finance

Chevron leads investments in Svante’s carbon capture technology

Carbon capture and removal solutions provider Svante has raised $318 million to accelerate the manufacturing of its carbon capture technology, with Chevron New Energies (CNE), Chevron USA’s unit focusing on low-carbon, being the lead investor in its Series E fundraising round. “We are advancing a fu

about 3 years ago
ABS
Business & Finance

ABS rolls out requirements for onboard carbon capture

American Bureau of Shipping has released a set of requirements to guide the industry in the application of carbon capture technology at sea. The rules have been developed working with shipyards, ship owners, and operators, and they focus on wet scrubbing post-combustion technologies. “Carbon capture

about 3 years ago
Equinor tasked with assessment of improvement points for North Sea platform
Business & Finance

Equinor tasked with assessment of improvement points for North Sea platform

Norwegian offshore safety regulator has carried out an audit at one of the Equinor-operated North Sea platforms.

about 3 years ago
Illustration/WaveEL wave energy system (Photograph courtesy of Waves4Power AB, Sweden)
Business & Finance

Waves4Power signs deal to develop wave energy parks offshore Indonesia

Swedish wave energy company Waves4Power and Indonesia’s state-owned electric utility PLN Indonesia Power has signed a memorandum of understanding (MoU) to develop WaveEL wave energy parks on a large scale in the world’s largest archipelagic state.

about 3 years ago
Beach Energy faces opposition over drilling plans off Taranaki
Business & Finance

Beach Energy faces opposition over drilling plans off Taranaki

Beach Energy has lodged consent applications with the Environmental Protection Authority (EPA) related to offshore drilling in Taranaki.

about 3 years ago
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