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Business & Finance

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Second Berge Bulk vessel sports Anemoi rotor sails
Business & Finance

Second Berge Bulk vessel sports Anemoi rotor sails

UK-based wind-assisted propulsion provider Anemoi Marine Technologies has completed the installation of four folding rotor sails on a second vessel owned by Singapore-based shipping company Berge Bulk. The rotor sails, 5 meters wide and 35 meters tall, were installed on the 208,000 DWT Newcastlemax

about 7 months ago
From left: Hans Fredrik Lindøen-Kjellnes, CEO Eld Energy, Koichi Matsumiya, CTO of MODEC, and Charles Tsai, General Manager of Delta’s Hydrogen; Source: Delta
Business & Finance
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Trio paving the way for hydrogen adoption in FPSO and maritime power sphere

Three players, Japan’s MODEC, Norway’s Eld Energy, and Delta Electronics, have joined forces to expand hydrogen use in the maritime sector, driving energy transition by deploying solid oxide fuel cell (SOFC) technology for the first time on a floating production, storage and offloading (FPSO) vessel

about 7 months ago
Energy Emerger jack-up rig; Source: Northern Offshore
Business & Finance

2017-built jack-up rig lines up multi-well drilling gig in West Asia

Texas-headquartered Northern Offshore, a builder and operator of jack-up rigs, has secured a new assignment for a nine-year-old jack-up rig off the coast of Oman, West Asia.

about 7 months ago
Minesto awarded funding to speed up tidal energy development in Taiwan
Business & Finance

Minesto awarded funding to speed up tidal energy development in Taiwan

Swedish tidal energy developer Minesto has secured grant funding from the Swedish Energy Agency (SEA) that will be used to accelerate its market development in Taiwan. Thanks to the €24,000 grant funding awarded through the Global Innovation Accelerator (GIA) program, Minesto aims to secure investme

about 7 months ago
Courtesy of Wison
Business & Finance

Wison and Jereh pursuing opportunities in floating units and oil & gas plays

China-based Wison Group has joined forces with Yantai Jereh Oilfield Services Group (Jereh) to combine strengths in energy engineering and high-end equipment to support offshore floating facilities and onshore oil and gas engineering, procurement and construction (EPC) opportunities.

about 7 months ago
Illustration; Source: Petrobras
Business & Finance

Petrobras scoops up multibillion-dollar oil deals in India

Brazilian state-owned energy giant Petrobras has sealed oil sales agreements with Indian Oil Corporation (IOC), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Limited (HPCL).

about 7 months ago
3 GW Egypt-Greece interconnector receives €9.56M grant for further studies
Business & Finance

3 GW Egypt-Greece interconnector receives €9.56M grant for further studies

The European Commission has approved a €9.56 million grant for the preparation of further studies for a 3 GW electrical interconnection that will link Greece’s and Egypt’s power systems. Being developed by Elica Interconnector S.M.S.A, a member of the Copelouzos Group, the GREGY Project will transfe

about 7 months ago
Floatel Superior; Source: Floatel International
Business & Finance

All systems go for Aker BP to deploy Floatel’s vessel offshore Norway

Norwegian oil and gas operator Aker BP has received the green light to use one of Floatel’s semi-submersible support vessels at a field off the coast of Norway.

about 7 months ago
Shell hires Subsea7 for deepwater development offshore Louisiana
Business & Finance

Shell hires Subsea7 for deepwater development offshore Louisiana

Subsea7 has been awarded a contract by Shell for a deepwater development located some 210 kilometers offshore Louisiana in the U.S. The scope of work includes the transportation and installation of a subsea umbilical, riser, and a rigid flowline in water depths of up to 1,650 meters for the Kaikias

about 7 months ago
Mozambique LNG
Business & Finance

TotalEnergies reboots $20 billion LNG project after years-long hiatus

France’s energy giant TotalEnergies has hit the reset button for the construction of a multibillion-dollar liquefied natural gas (LNG) development off the coast of Mozambique. The reignition comes almost five years after the project was put on ice, with force majeure declared in April 2021.

about 7 months ago
Noble Regina Allen jack-up rig; Credit: Noble
Business & Finance

Five Noble rigs change hands, expanding Borr Drilling’s fleet to 29 jack-ups

Borr Drilling, an offshore drilling player with its corporate base in Bermuda, has taken into its fold five premium jack-up rigs, which used to be part of the U.S.-headquartered Noble Corporation’s fleet.

about 7 months ago
WATCH: Subsea construction vessel now ready for inter-array cable installation
Business & Finance

WATCH: Subsea construction vessel now ready for inter-array cable installation

DeepOcean has upgraded a multifunctional subsea support and construction vessel it chartered from Olympic Subsea with dedicated cable-lay and installation capacity for offshore wind. The two Norwegian companies entered into a two-year time charter agreement for Olympic Ares in March 2023, with an op

about 7 months ago
Hull 3407 completes sea trials; Source: Excelerate Energy
Business & Finance

US firm’s new FSRU getting ready for its gig in Iraq with sea trials out of the way

Excelerate Energy, a U.S.-based liquefied natural gas (LNG) company in Texas, has reached a new construction milestone for a newbuild floating storage regasification unit (FSRU), which has wrapped up sea trials ahead of its deployment at a fully integrated LNG import terminal in Iraq.

about 7 months ago
LS Cable & System wins €35M turnkey subsea cable contract in Malaysia
Business & Finance

LS Cable & System wins €35M turnkey subsea cable contract in Malaysia

South Korean LS Cable & System has won a KRW 60 billion (around €35 million) contract to deliver a submarine power grid that will connect Malaysia’s Langkawi Island to the mainland. The contract was awarded by Tenaga Nasional Berhad (TNB) and will see LS Cable & System construct a 132 kV submarine p

about 7 months ago