A new report warns that plans to scale up fossil fuels threaten net-zero targets, derailing the transition to a sustainable future in line with the 1.5°C warming limit.
U.S. Plug Power, South Korean SK E&S and K-water as well as SK Plug Hyverse, a joint venture between SK E&S and Plug Power, have signed a memorandum of understanding (MoU) to “promote the growth of green hydrogen and rejuvenate the industry.” Specifically, the companies will collaborate on advancing
Weatherford International has joined forces with Honeywell to deliver a combined suite of tools for advanced emissions management to accelerate their customers’ decarbonization strategy.
Halliburton has pooled resources with Sekal to jointly provide well construction automation solutions as part of a longer-term strategy to deliver fully automated drilling operations.
Diamond Offshore Drilling is optimistic about the future after winning more assignments for its rig fleet in the UK during the third quarter of 2023.
U.S. energy infrastructure company New Fortress Energy (NFE) has executed definitive agreements with the Brazilian development bank Banco Nacional de Desenvolvimento Econômico e Social (BNDES) and funds managed by Lumina Capital Management and BTG Asset Management to fund up to $575 million in asset
New York-based tanker company International Seaways has exercised options for two scrubber-fitted, LNG dual-fuel ready LR1 vessels at Korean shipbuilder K Shipbuilding Co. The options were lifted in October bringing the ordering tally to four LR1 newbuilds at the yard worth approximately $231 millio
Energy services provider Expro has completed a well cementing project in the U.S. Gulf of Mexico for what it describes as a “large international operator”. Expro delivered an inner-string cementing on a subsea well’s 22″ surface casing in a water depth of approximately 2,000 meters in the Mississipp
As construction work continues on New York’s first offshore wind farm, James Fisher Renewables is carrying out its second contract for the project. Following the deployment of the company’s bubble curtain during foundation installation this summer, James Fisher is now engaged in the final cable work
NEOM Green Hydrogen Company (NGHC), a joint venture created by ACWA Power, Air Products and NEOM, has reached a milestone in the construction and development of the NEOM green hydrogen plant, by receiving its first delivery of wind turbines at the Port of NEOM in Northwest Saudi Arabia. NEOM said th
Halliburton has joined forces with Oil States Industries to provide operators with deepwater MPD equipment, control systems, and services.
Finnish oil refining and marketing company Neste has partnered with Tennessee-based maritime transportation firm PTL Marine to supply renewable diesel to the marine sector across California.
