1231 results found for 'paragon'

1231 results found for 'paragon'
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  • New partner on the cards as Sintana eyes indirect stake in Namibia’s offshore basin

    21 January 2026
    Business & Finance, Business Developments & Projects

    Canada-headquartered oil and natural gas exploration player Sintana Energy has entered into a letter of intent (LOI) to secure a period of exclusivity regarding an investment that unlocks an indirect interest in PEL 37 off the coast of Namibia.

  • Siemens and Paragon join forces on novel hydrogen production technology

    30 July 2025
    Business Developments & Projects, Collaboration, Exploration & Production, Innovation, Outlook & Strategy, Project & Tenders, Research & Development, Technology

    Siemens and Paragon Resources have entered a memorandum of understanding (MoU) to jointly scale production of hydrogen using a novel process that reportedly eliminates the need for fossil fuels or external electricity sources.

  • Aragon’s FPSO set to bring down zero-carbon ammonia costs and quadruple gas monetization

    4 September 2025
    Business & Finance, Business Developments & Projects, Certification & Classification, Regulation & Policy, Rules & Regulation, Transition

    Aragon, part of Seatrium, has high hopes for a blue ammonia floating production, storage, and offloading (FPSO) unit, which already secured approval in principle (AiP) from classification society American Bureau of Shipping (ABS).

  • Minesto brings Dragon 4 tidal kite back from North Atlantic operations

    12 September 2025
    Business Developments & Projects, Equipment, Operations & Maintenance, Project & Tenders, Research & Development, Technology

    Swedish tidal energy developer Minesto’s Dragon 4 tidal energy kite, named “Íðunn,” has been brought back from its production duty at the company’s North Atlantic demonstration site, where it has been generating electricity for the Faroe Islands grid. According to Minesto, the 100 kW Dragon 4 is part of the company’s portfolio of modular underwater […]

  • EIB to help Minesto strengthen investment case for 10 MW tidal energy project

    27 January 2026
    Authorities & Government, Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Regulation & Policy, Transition, Vision

    The European Investment Bank (EIB) has selected Swedish tidal energy developer Minesto for in-depth investment advisory support focused on increasing the financial attractiveness and overall quality of the investment offer for a 10 MW tidal energy array as part of a larger build-out in a selected EU market. Minesto was selected on a complementary basis […]

  • Perenco starts breathing new life into mothballed Brazilian assets

    19 September 2025
    Business Developments & Projects, Project & Tenders

    The Brazilian subsidiary of Anglo-French oil and gas player Perenco has started the reactivation program for two assets offshore Brazil previously owned by the country’s state-owned giant, Petrobras.

  • Perenco acquires Petrobras’ hibernated assets, sets revival strategy

    5 August 2025
    Business Developments & Projects, Project & Tenders

    The Brazilian subsidiary of Anglo-French oil and gas player Perenco has finalized the acquisition of two concessions located in shallow waters in the Campos Basin from Brazil’s state-owned oil and gas giant Petrobras.

  • CMA CGM’s newest methanol dual-fuel boxship christened in South Korea

    15 October 2025
    Business Developments & Projects, Vessels

    France-based maritime transport heavyweight CMA CGM has held a naming ceremony for its brand-new dual-fuel container vessel powered by methanol. According to the company’s social media post, the 13,000 TEU vessel was formally christened CMA CGM Helium at a yard in South Korea. The newbuilding—which is part of a 12-unit strong order—was constructed by South […]

  • Heerema secures decom contract for BP’s North Sea platform

    2 October 2025
    Business Developments & Projects, Project & Tenders

    Heerema Marine Contractors has secured a decommissioning contract with the U.K.-headquartered energy giant BP.

  • ‘Proud moment’ for Reach Subsea as its USV travels to Australia

    26 August 2025
    Business & Finance, Business Developments & Projects, Innovation, Outlook & Strategy, Technology, Vision

    Norway’s Reach Subsea has sent off its uncrewed surface vessel (USV) on a trip to Australia where it will provide reservoir monitoring for Australia’s energy giant Woodside Energy. The Reach Remote 2 USV, which Reach Subsea took delivery of in June, is currently travelling to Australia to perform reservoir monitoring on the Scarborough gas field, […]

  • Swedish tidal energy developer makes move into Iceland

    3 February 2026
    Business & Finance, Business Developments & Projects, Collaboration, Market Outlooks, Outlook & Strategy, Project & Tenders, Vision

    Swedish tidal energy developer Minesto has signed a memorandum of understanding (MoU) with Haf-Afl, an Iceland-based ocean energy site developer specializing in the identification, assessment and development of marine energy projects, to pursue entry into the Icelandic market. ”This is a textbook example of a valuable partnership for Minesto in the ongoing work to initiate […]

  • Minesto awarded funding to speed up tidal energy development in Taiwan

    30 January 2026
    Authorities & Government, Business & Finance, Business Developments & Projects, Outlook & Strategy, Project & Tenders, Technology, Transition, Vision

    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 investments and partnerships for the build out of tidal energy power […]

  • TGS’ multi-year dataset across 13 US basins to bolster exploration and carbon storage plays

    4 December 2025
    Business & Finance, Business Developments & Projects, Exploration & Production

    Norwegian energy data and intelligence company TGS has finished work on a 13-basin reservoir characterization project in the United States (U.S.), said to offer formation-level petrophysical interpretations to model reservoir performance and assess CO2 storage feasibility.

  • DeepOcean and Saudi partner to form joint venture for subsea work in Middle East

    4 November 2025
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Vessels, Vision

    Ocean services provider DeepOcean has signed a heads of terms agreement with Saudi Arabia-based Jana Marine Services to establish a joint venture company that will offer integrated subsea solutions to the offshore energy industry in the Middle East. To be named JADE Subsea Services, the joint venture plans to enter into a five-year charter agreement […]

  • TotalEnergies, CMA CGM unveil LNG bunkering logistics JV for ARA region

    23 July 2025
    Collaboration, Outlook & Strategy, Transition, Vision

    French energy major TotalEnergies and compatriot shipping and logistics company CMA CGM Group have entered into an agreement to develop a 50/50 logistics joint venture dedicated to the implementation and operation of a liquefied natural gas (LNG) bunker supply solution at the Port of Rotterdam, the Netherlands.

  • Minesto slashes costs, closes Wales office in major reorganization

    10 July 2025
    Business & Finance, Business Developments & Projects, Human Capital, Operations & Maintenance, Outlook & Strategy, Project & Tenders, Vision

    Swedish tidal energy developer Minesto has finalized a reorganization process aimed at aligning the business for commercial rollout and reducing fixed costs. The changes include geographic consolidation, a trimmed management structure, and tighter product development integration. The company reports a 35% reduction in fixed costs as a result. Minesto has shut down its Holyhead office […]

  • Minesto-led consortium gets $2.6M for tidal microgrid in Faroe Islands

    30 June 2025
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders

    Minesto, a Swedish tidal energy developer, is leading a consortium of four that has been awarded a SEK 25 million (approximately $2.6 million) grant funding from the Swedish Energy Agency to build a complete microgrid installation in the Faroe Islands. The consortium includes Minesto, microgrid technology provider Capture Energy, Faroese utility company SEV, and IVL […]

  • Minesto’s Dragon 12 hits 25% performance boost after tether upgrade

    12 June 2025
    Business Developments & Projects, Operations & Maintenance, Project & Tenders, Technology

    Swedish tidal energy developer Minesto’s upgraded Dragon 12 tidal energy device, deployed in Vestmannasund, Faroe Islands, has reached a performance milestone, delivering a 25% increase in power output following the installation of a longer tether. According to Minesto, the ten-meter extension to the tether, completed in mid-May, aligns with simulation forecasts and confirms performance improvements […]

  • Minesto secures $2.3M loan to support operations, clarify capital needs

    18 June 2025
    Business & Finance, Business Developments & Projects, Collaboration, Outlook & Strategy, Project & Tenders, Research & Development, Vision

    Swedish tidal energy developer Minesto has secured a SEK 22 million (approximately $2.3 million) loan from Fenja Capital to be used as working capital for its ongoing operations and business development. According to Minesto, the loan has a four percent set-up fee and a one percent monthly interest rate. It must be repaid in full […]

  • Reach Subsea takes delivery of second uncrewed surface vessel

    13 June 2025
    Business Developments & Projects, Collaboration, Equipment, Infrastructure, Outlook & Strategy, Project & Tenders, Technology, Vessels

    Norway’s Reach Subsea has confirmed the delivery of its second uncrewed surface vessel (USV), Reach Remote 2, after completing all technical installations, testing, and documentation. According to Reach Subsea, the vessel will be deployed for commercial projects, expanding the company’s uncrewed fleet after the successful pilot involving Reach Remote 1 earlier this year. “We are […]

  • Minesto’s megawatt-scale tidal kite returns to action after upgrade

    20 May 2025
    Business Developments & Projects, Exploration & Production, Operations & Maintenance, Project & Tenders, Technology

    Swedish tidal energy developer Minesto has resumed electricity production from its 1.2 MW Dragon 12 tidal kite Luna in Vestmannasund, Faroe Islands, following an upgrade period, most prominently including a longer tether. According to Minesto, the Dragon 12 is now back in operation and supplying power to the grid. The system features an extended tether […]

  • Minesto taps MCT Brattberg for subsea cable protection

    23 May 2025
    Business Developments & Projects, Collaboration, Equipment, Outlook & Strategy, Project & Tenders, Technology

    Swedish tidal energy developer Minesto has selected MCT Brattberg’s RGPM sealing systems for its tidal kite technology, designed to convert ocean currents into electricity. MCT Brattberg’s cable and pipe transit systems are said to be engineered to resist water, fire, and gas intrusion – critical protection for subsea equipment in harsh marine environments.  MCT Brattberg […]

  • Methanol-fueled CMA CGM Argon joins French liner’s expanding 13,000 TEU fleet

    19 May 2025
    Vessels

    French shipping heavyweight CMA CGM has taken delivery of the future-proof CMA CGM Argon, the following unit in a 13,000 TEU container vessel series the company booked at South Korean shipbuilding major HD Hyundai. As disclosed, the Malta-flagged newbuilding, which was constructed by HD Hyundai Samho, was handed over to its owner on May 15 […]

  • Paragon Offshore emerges from bankruptcy

    19 July 2017
    Business & Finance

    Offshore drilling contractor Paragon Offshore has completed its corporate and financial reorganization and emerged from Chapter 11.  To remind, following the driller’s mid-May application for administration in the United Kingdom to advance its Chapter 11 plan, a UK court appointed joint administrators for the company on May 23. In early June, Paragon’s consensual plan of reorganization was […]

  • Paragon Offshore elects new boss

    25 August 2017
    Business & Finance

    Offshore drilling contractor Paragon Offshore has appointed James “Jay” Swent III, Paragon’s current chairman to the position of president and chief executive officer (CEO). Paragon recently completed its corporate and financial reorganization and emerged from Chapter 11. The new company emerged with approximately $165 million of available cash on its balance sheet, and $85 million […]