Seadrill has tucked “excellent” operational and strong financial performance under its belt during 2022 while expanding its rig fleet.
An electric utility providing services to San Juan County in the US state of Washington has started exploring the feasibility of developing a tidal energy project that would provide another layer of energy resilience for the island communities in the Salish Sea.
The most effective way of complying with the CII index and having a good rating is to utilize the emerging alternative, low and zero-carbon fuels, John Kokarakis, Vice President of Technology & Business Development Hellenic-BS-ME Zone at Bureau Veritas, said. Kokarakis was speaking at the 6th Annual
US-based company G2 Net-Zero has decided to drop plans to build a 1.3 million tonnes per annum (mtpa) LNG export facility in Louisiana. At the end of March, the company submitted a filing to the US Department of Energy (DOE) requesting to vacate its LNG export authorization to free trade agreement (
French start-up SolarinBlue has deployed two offshore floating solar units in the Mediterranean sea as part of the Sun’Sète project, which aims to supply clean electricity to one of the 10 biggest French ports.
Subsea Technology and Rentals (STR) has made an investment into new premises in Singapore, triple the size of the previous facility, as part of the goal to strengthen its presence in the APAC region. STR has moved to a larger 10,000 square feet facility, three times the size of its previous premises
US engineering company KBR has been selected by US green hydrogen producer Avina Clean Hydrogen to provide its K-GreeN® technology for Avina’s green ammonia project in the US. Under the terms of the contract, KBR is expected to provide the process technology license and engineering design for the pr
UK’s Modus Subsea Services has secured a £5 million term loan from advisory and investment firm Gordon Brothers for the development of solutions. Modus said it had used the loan for refinancing with existing lenders and to assist in developing best-in-class solutions for clients globally. The UK fir
Famatown Finance Limited, a company indirectly controlled by shipping billionaire John Fredriksen, has acquired an additional 964,000 shares in Belgian tanker owner Euronav, taking its total stake to 26.46 pct. The share increase of 5.90 percent was disclosed in an SC 13D/A form with the Securities
Técnicas Reunidas, an engineering company, and Cetaer, a company with a goal to bring innovation projects to commercial scale in the transport sector, have signed a collaboration agreement for the development of an e-methanol plant to be built in Almería, Spain. According to Técnicas Reunidas, the f
South Africa-headquartered aviation industry player Ultimate Aviation has completed the acquisition of North Sea-focused helicopter services provider for the oil & gas industry Offshore Helicopter Services (OHS). The acquisition is effective immediately and will see OHS continue operating under its
Linde, an industrial gases and engineering company, has made a long-term agreement with ExxonMobil, an energy and petrochemical company, for the offtake of carbon dioxide associated with Linde’s new clean hydrogen production in Beaumont, Texas, US. Under the terms of the agreement, ExxonMobil is exp
What should organisations and energy players do to prevent offshore accidents to ensure the security and stability of the energy supply?
This is a free premium article to give you a sample of what Offshore Energy has to offer as part of our premium section. Upgrade for premium access here. The decarbonization conundrum in the shipping industry persists due to a multitude of challenges, including the high cost of alternative fuels, th
