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Illustration/Floating solar power plant (Courtesy of Sweco)
Business & Finance

Sweco to carry out feasibility study for floating solar technology in Uganda

Swedish engineering consultancy Sweco has been tasked with conducting a feasibility study for floating solar technology at hydroelectric dams in Uganda and a detailed design of a pilot plant.

about 3 years ago
Wärtsilä lines up first fleet decarbonisation deal for oil & gas segment in Latin America
Business & Finance

Wärtsilä lines up first fleet decarbonisation deal for oil & gas segment in Latin America

Wärtsilä has inked “a pioneering agreement” for decarbonisation projects in the oil and gas segment in the Americas with Brazil’s Grupo CBO.

about 3 years ago
Fourth gas leak found on Nord Stream pipeline
Business & Finance

Fourth gas leak found on Nord Stream pipeline

The Swedish Coast Guard has discovered a new gas leak on the Nord Stream pipelines that connect Russia and the European Union, representing the fourth one found this week. According to local media reports, the Swedes discovered the fourth leak on Nord Stream 2, near a larger leak discovered earlier

about 3 years ago
UK Govt assigns £60 million for clean shipping
Business & Finance

UK Govt assigns £60 million for clean shipping

The UK Government is launching a £60 million (approximately $64.7 million) clean maritime competition aimed at helping finance innovative projects that can facilitate the maritime sector to cut its greenhouse gas emissions. The announcement coincides with World Maritime Day, which this year focuses

about 3 years ago
GMS capitalises on increasing vessel demand and higher rates with another MENA deal
Business & Finance

GMS capitalises on increasing vessel demand and higher rates with another MENA deal

Gulf Marine Services (GMS) has won a new contract with an increased day rate for a large-size class vessel and a small-size class vessel.

about 3 years ago
Petrobras - Keppel - FPSO order
Business & Finance

Keppel scores $2.8 bln worth FPSO order with Petrobras

Petrobras has signed a contract with Keppel Shipyard for the construction of the P-83 FPSO for the Santos Basin pre-salt area off Brazil.

about 3 years ago
Norwegian Johan Sverdrup field in the North Sea
Business & Finance

Norwegian govt tightening security around oil and gas installations

Following reports about increased drone activity, the Norwegian Government has decided to heighten emergency preparedness.

about 3 years ago
Ashtead Technology targets expanded geographical presence with latest purchase
Business & Finance

Ashtead Technology targets expanded geographical presence with latest purchase

UK-headquartered subsea technology specialist Ashtead Technology has completed the acquisition of the entire share capital of WeSubsea, a provider of subsea dredging technology solutions. According to Ashtead, the move comes as part of its commitment to expand its geographical presence and grow its

about 3 years ago
Blind Faith platform in the Gulf of Mexico evacuated due to hurricane
Business & Finance

12 Gulf of Mexico platforms evacuated in response to hurricane

In response to Hurricane Ian, oil and gas operators in the U.S. Gulf of Mexico have evacuated 12 offshore platforms.

about 3 years ago
Germany and UAE reinforce energy partnership
Business & Finance

Germany and UAE reinforce energy partnership

Germany and the United Arab Emirates (UAE) have entered into a new Energy Security and Industry Accelerator (ESIA) Agreement that will accelerate projects of joint interest between the two countries in energy security, decarbonisation and climate action. The agreement was signed by Sultan Ahmed Al J

about 3 years ago
Morlais Demonstration Zone (Courtesy of Welsh Government)
Business & Finance

Welsh business finds work at Morlais tidal power scheme

OBR Construction has been awarded a €2.24 million contract by Morlais main contractor to build the structures associated with the landfall substation for the Holy Island tidal energy scheme.

about 3 years ago
Kinder Morgan sells stake in Elba Island LNG facility for $565 million
Business & Finance

Kinder Morgan sells stake in Elba Island LNG facility for $565 million

North American energy infrastructure company Kinder Morgan, Inc. (KMI) has closed on the sale of 25.5% equity interest out of its membership interest in Elba Liquefication Company (ELC), a joint venture owning ten modular liquefaction units in operation at Elba Island. Kinder Morgan sold its equity

about 3 years ago
Illustration/Birds-side view of Ocean Energy’s wave energy device OE35 (Courtesy of US DOE/Photo by Josh Bauer)
Business & Finance

TEAMER awards over $750K to 7 marine energy projects

The US Testing Expertise and Access to Marine Energy Research (TEAMER) program has selected seven projects to receive technical support for testing marine energy technologies as part of its seventh call for applications.

about 3 years ago
New deal to take Siem OSCV to oil and gas sector
Business & Finance

New deal to take Siem OSCV to oil and gas sector

Siem Offshore has secured a new three-year contract for the offshore subsea construction vessel (OSCV) Siem Stingray with Subsea 7 as charterer. Subsea 7 will employ the vessel supporting its clients predominantly within the oil and gas sector, undertaking projects within offshore construction and i

about 3 years ago
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