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Mermaid Maritime scoops $120 million worth of contracts
Business & Finance

Mermaid Maritime scoops $120 million worth of contracts

Mermaid Maritime Limited (MML) has secured multiple contracts in Thailand, Angola and Saudi Arabia with a combined value of approximately $120 million.

about 4 years ago
Bill Gates in $276m clean energy partnership with UK
Business & Finance

Bill Gates in $276m clean energy partnership with UK

Bill Gates-founded Breakthrough Energy Catalyst will invest $276 million over ten years to drive UK’s new clean energy technologies, including green hydrogen.

about 4 years ago
SeaRose FPSO off Canada
Business & Finance

Charges laid over massive oil spill offshore Canada

Canadian offshore petroleum regulator has laid charges against Husky, now part of Cenovus, related to an offshore oil spill in November 2018.

about 4 years ago
Biden
Business & Finance

Amazon, Ikea join industry-wide call for zero-emission shipping by 2040

Nine major cargo owners have pledged to switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040 as part of a new initiative Cargo Owners for Zero-Emission Vessels (coZEV).

about 4 years ago
Solstad PSV
Business & Finance

Solstad bags contract extension for PSV in Norway

Solstad Offshore has been awarded a contract extension for its platform supply vessel (PSV) Normand Server offshore Norway.

about 4 years ago
TGS, CGG and BGP ink multi-client seismic deal with Staatsolie
Business & Finance

TGS, CGG and BGP ink multi-client seismic deal with Staatsolie

A consortium of TGS, CGG and BGP has signed a multi-client agreement with Suriname’s national oil company Staatsolie for multi-client seismic programs. The agreement allows the consortium to acquire, promote and license multi-client seismic programs, including new 3D acquisition and legacy data repr

about 4 years ago
K Line
Business & Finance

Industry firsts: K Line wraps up CO2 capture trials onboard its ship

Japanese shipping major Kawasaki Kisen Kaisha (K Line) has successfully separated and captured CO2 from the exhaust gas emitted from a vessel, coal carrier Corona Utility.

about 4 years ago
September oil output
Business & Finance

Norway: September oil output tops regulator’s predictions

Norway’s oil production in September 2021 was 1.1 per cent over the NPD’s predictions, while the total volume equalled last year’s figures.

about 4 years ago
An aerial photo of the Flotta Terminal;
Business & Finance

TotalEnergies opens UK offshore wind hub in Scotland

French energy major TotalEnergies has opened its UK Offshore Wind Hub in Aberdeen, Scotland. The Hub was opened by Patrick Pouyanné, Chairman and CEO of TotalEnergies. It will be part of the company’s existing offshore operations centre in Aberdeen and will enable the transition of staff from oil an

about 4 years ago
UK Prime Minister Boris Johnson during his speech at the Global Innovation Summit
Business & Finance

UK unveils landmark strategy to reach net-zero by 2050

The UK government has launched its landmark net-zero strategy, outlining measures to lower its reliance on fossil fuels and transition to a green and sustainable future.

about 4 years ago
carbon capture and storage
Business & Finance

Two UK carbon capture and storage projects selected for state funding

UK has selected two clusters to receive the funding and develop their proposed carbon capture usage and storage projects starting from 2025.

about 4 years ago
Kongsberg
Business & Finance

Kongsberg and CMI to develop sustainable solutions for shipowners

Norwegian maritime technology group Kongsberg Maritime (KM) and China Merchants Industry (CMI) have signed a memorandum of understanding (MoU) to work on sustainable solutions for the shipping industry.

about 4 years ago
CRP Subsea, Hellenic Cable: Bend stiffeners prolong power cable fatigue
Business & Finance

CRP Subsea, Hellenic Cables: Bend stiffeners prolong power cable fatigue life

CRP Subsea and Hellenic Cables have completed dynamic cable testing at the University of Exeter, which included individual tests of power cable alone and power cable with bend stiffener to compare performance and fatigue. The results show that when tested with a CRP Subsea Bend Stiffener the power c

about 4 years ago
A4 licence off The Gambia - PetroNor
Business & Finance

PetroNor negotiates Gambian licence extension to progress farm-out talks

PetroNor has negotiated an extension for its A4 licence in The Gambia, which will allow it to progress discussions with potential partners.

about 4 years ago
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