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Zero-emission hydrogen USV receives UK government funding
Business & Finance

Zero-emission hydrogen USV receives UK government funding

SEA-KIT International has secured funding through the second round of the Clean Maritime Demonstration Competition (CMDC) to design a hydrogen-powered, zero-emission uncrewed surface vessel (USV). SEA-KIT and Bramble Energy will implement outputs from a Round 1 project that marinized a printed circu

about 3 years ago
Crimson Kingdom
Business & Finance

Marubeni to install four suction sails on Panamax bulker

Spanish rigid sail developer bound4blue and dry bulk shipping company MMSL PTE. LTD., a wholly owned subsidiary of Marubeni Corporation based in Singapore, have signed an agreement to install four suction sails on the Crimson Kingdom. According to the preliminary studies, the 229-meter length Panama

about 3 years ago
Nexans inks reservation agreement for EuroAsia Interconnector
Business & Finance

Nexans inks reservation agreement for EuroAsia Interconnector

Nexans Norway has signed a reservation agreement for the HVDC cable systems for the Cyprus – Greece link of the EuroAsia Interconnector. EuroAsia Interconnector is a multi-terminal high-voltage, direct current scheme which will comprise three converter stations with sea electrodes, interconnected by

about 3 years ago
Transocean Enabler was used to drill for Northern Lights project
Business & Finance

Offshore drilling results confirm CO2 storage capacity for Northern Lights project

Northern Lights has confirmed the storage capacity of at least 5 million tonnes of CO2 per annum in the North Sea licence off Norway.

about 3 years ago
Illustration (Courtesy of EU-SCORES)
Business & Finance

Co-location of offshore wind, wave and floating solar could lead to ‘unprecedented’ LCOE reduction, report finds

Co-location of offshore wind, wave and offshore solar energy in multi-source energy parks could lead to unprecedented reduction of levelized cost of electricity (LCOE), according to a new report by EU-SCORES project.

about 3 years ago
Saudi yard hands out deal for detailed design of new jack-up rigs to U.S. player
Business & Finance

Saudi yard hands out deal for new jack-up rigs to U.S. player

International Maritime Industries (IMI) has awarded a detailed design engineering contract for the construction of jack-up rigs to Zentech.

about 3 years ago
shipping
Business & Finance

HUB Ocean, Mærsk Mc-Kinney Møller Center form knowledge partnership

HUB Ocean, a Norway-based center dedicated to sharing ocean data, and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have signed a Knowledge Partnership Agreement. HUB Ocean is an independent, non-profit tech foundation that invests considerable resources into unlocking ocean data. Its flags

about 3 years ago
Amogy
Business & Finance

Yara Clean Ammonia to use Amogy’s ammonia-to-power system in shipping projects

Brooklyn-based technology startup Amogy has signed a collaboration agreement with Yara Clean Ammonia (YCA), a decarbonization-focused subsidiary of global ammonia producer, Yara International ASA. Under the memorandum of understanding (MOU), Yara will consider Amogy’s ammonia-to-power system as a ze

about 3 years ago
Wisting project in the Barents Sea - Equinor
Business & Finance

Investment decision for Barents Sea project postponed amid cost growth in supply industry

Equinor and its Wisting project partners have decided to postpone the investment decision scheduled for December 2022.

about 3 years ago
Aker BP to kick off drilling ops in North Sea with Saipem rig
Business & Finance

Green light for Aker BP to kick off North Sea drilling ops with Saipem rig

Aker BP has secured two types of permits from Norwegian authorities for drilling operations in the North Sea off Norway.

about 3 years ago
bunker tanker
Business & Finance

Stena and OljOla to build methanol bunkering vessel for North Europe

Swedish companies Stena Oil, Stena Teknik and OljOla have entered into a joint venture agreement to build a bunker supply vessel designed to carry chemicals as per IMO Type II, including methanol and various bio-fuels. “It is our greatest pleasure to inform that through the close cooperation between

about 3 years ago
Enauta embarks on drilling campaign offshore Brazil
Business & Finance

Enauta embarks on drilling campaign offshore Brazil

Enauta has kicked off the drilling of the first well in its three-well drilling campaign on a field offshore Brazil.

about 3 years ago
SBM Offshore - Fast4Ward FPSO design
Business & Finance

ExxonMobil eyes another FPSO order with SBM Offshore

ExxonMobil plans to order another floating production storage and offloading (FPSO) vessel for a project in Guyana from SBM Offshore.

about 3 years ago
An example of how Skarv Shipping Solutions imagine future shortsea vessels may look. Design: https://www.navaldynamics.com/
Business & Finance

Skarv Shipping to build four multi-fuel shortsea bulkers

Grieg Edge, the innovation hub of Norwegian shipping group Grieg Star, has teamed up with compatriot Peak Group AS to establish a joint venture named Skarv Shipping Solutions. The JV founders said that the company aims to help ship and cargo owners reduce their emissions of greenhouse gases and reac

about 3 years ago
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