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MF Hydra
Business & Finance

Ballard installs fuel cells onboard world’s 1st hydrogen-powered ferry

Canadian fuel cell supplier Ballard Power Systems has installed two 200 kilowatt (kW) fuel cell modules onboard the Hydra ferry, operated by Norwegian company Norled. The installation of proton exchange membrane (PEM) fuel cells comes ahead of the vessel’s first sea trial scheduled for December this

about 3 years ago
PetroNor renews license offshore Gambia under amended terms
Business & Finance

PetroNor renews license offshore Gambia under amended terms

Oil and gas exploration and production company PetroNor has decided to exercise its right to continue with the petroleum, exploration, development and production license agreement (PEPLA) for the A4 license in The Gambia. In mid-October, PetroNor announced that it had received a 30-day extension to

about 3 years ago
EU Parliament
Business & Finance

Shipping sector: EU ETS must adopt life-cycle approach on green fuels

Shipping organizations are urging politicians in the European Union to agree on a life-cycle approach of green fuels for the shipping industry in order to kick-start the necessary investments and deliver on the emission reduction targets from the Paris Agreement and the EU Green Deal. An open letter

about 3 years ago
Illustration/InfinityWEC wave energy farm (Courtesy of Ocean Harvesting Technologies)
Business & Finance

Ocean Harvesting scores €2 million grant for wave energy device validation

Swedish company Ocean Harvesting Technologies has secured grant funding from the Swedish Energy Agency to perform sea trials of its InfinityWEC wave energy device.

about 3 years ago
Three brand new jack-up rigs to join UAE drilling giant’s fleet
Business & Finance

Three brand new jack-up rigs to join UAE drilling giant’s fleet

UAE-based ADNOC Drilling has inked a deal to acquire three new jack-up drilling rigs, as part of its fleet expansion strategy.

about 3 years ago
Another Norwegian contractor gets more work on Johan Sverdrup
Business & Finance

Another Norwegian contractor gets more work on Johan Sverdrup

Aibel has secured an extension for maintenance and modification (M&M) work on the Johan Sverdrup field in the North Sea off Norway.

about 3 years ago
Green tech start-ups claim the prizes at Singapore’s Smart Port Challenge 2022
Business & Finance

Green tech start-ups claim the prizes at Singapore’s Smart Port Challenge 2022

Three start-ups focusing on green technology have won the first three prizes at this year’s Smart Port Challenge, launched by the Maritime and Port Authority of Singapore (MPA) and the National University of Singapore (NUS). The first, second, and third-place winners under Port Innovation Ecosystem

about 3 years ago
Tower Resources moves ahead with well prep offshore Cameroon
Business & Finance

Tower Resources moves ahead with well prep offshore Cameroon

Africa-focused energy company Tower Resources has received approval from the credit committee of a local Cameroon bank for a $7 million loan which should cover around 40 per cent of the cost of a well in the Rio Del Rey basin. Tower Resources Cameroon S.A (TRCSA) has been notified by BGFI Bank Group

about 3 years ago
Ammonia
Business & Finance

JERA, MOL and NYK join forces on developing ammonia supply chain and large ammonia carriers

Japanese energy giant JERA has teamed up with compatriot shipping majors Nippon Yusen Kabushiki Kaisha (NYK) and Mitsui O.S.K. Lines (MOL) on the transportation of fuel ammonia for the Hekinan Thermal Power Plant, expected to begin commercial operation in the late 2020s. The three companies signed M

about 3 years ago
How do things stand for the oil & gas industry in the wake of COP27?
Business & Finance

How do things stand for the oil & gas industry in the wake of COP27?

In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.

about 3 years ago
Illustration/Sabella's D10 tidal energy turbine being deployed in France (Courtesy of Sabella)
Business & Finance

Ocean energy fit for a share of EU Innovation Fund’s €300B call under two topics

Under the recently opened €3 billion call for innovative next-generation low-carbon technologies as part of EU’s Innovation Fund, ocean energy technologies and projects have been specifically listed as eligible to apply for a share of €1 billion under two call topics.

about 3 years ago
Is third order the charm for a drillship that previous owners cancelled twice?
Business & Finance

Is third time the charm for a drillship that previous owners cancelled twice?

Transocean has set the wheels into motion to acquire an interest in a newbuild drillship, after entering into a new joint venture.

about 3 years ago
Sweden: Nord Stream incident caused by 'gross sabotage'
Business & Finance

Sweden: Nord Stream incident caused by ‘gross sabotage’

An investigation has shown that explosions that damaged the Nord Stream gas pipelines in late September were caused by “gross sabotage”, Swedish authorities announced. Swedish prosecutor Mats Ljungqvist, who is leading the ongoing preliminary investigation at the Nord Stream 1 and 2 pipelines, said

about 3 years ago
Johan Sverdrup field; Source: Equinor
Business & Finance

Aker Solutions secures more Johan Sverdrup work

Aker Solutions has been awarded an extension for maintenance and modification work on the Johan Sverdrup field in the North Sea off Norway.

about 3 years ago
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