1227 results found for 'paragon'

1227 results found for 'paragon'
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  • 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’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 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 […]

  • 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.

  • 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 […]

  • 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.

  • 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 […]

  • 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 […]

  • 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.

  • 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 […]

  • ‘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, […]

  • 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’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 […]

  • DOF’s new offshore support vessel starts taking shape in Poland

    16 May 2025
    Business Developments & Projects

    Poland’s CRIST has held the keel laying ceremony for an offshore support vessel (OSV) it is building for Norwegian vessel owner DOF Group.

  • Dutch-UAE duo teams up on Perenco’s FLNG project in Gabon

    7 May 2025
    Business Developments & Projects, Project & Tenders

    UAE-headquartered engineering and construction company Technomak has signed an engineering, procurement, construction, commissioning, and integration (EPCCI) agreement with the Netherlands’ integrated solutions provider Dixstone, an affiliate of Anglo-French oil and gas player Perenco Group, for a floating LNG (FLNG) project the latter will undertake offshore Gabon.

  • MAN ES unveils ‘next generation’ two-stroke methanol engine

    20 May 2025
    Business Developments & Projects, Innovation, Technology, Vessels

    German engine manufacturer MAN Energy Solutions (MAN ES) is set to deliver what it hails as “the world’s most powerful” two-stroke methanol engine. As disclosed, the MAN B&W 12G95ME-C10.5-LGIM (-liquid gas injection methanol) type engine is presently being built by a Chinese licensee, CSSC-MES Diesel Co., Ltd. (CMD), a joint venture between China State Shipbuilding […]

  • US axes Shell and BP’s licenses for cross-border gas fields

    9 April 2025
    Authorities & Government, Business Developments & Projects, Exploration & Production, Regulation & Policy, Rules & Regulation

    The U.S. Office of Foreign Assets Control (OFAC) has changed its mind about two special licenses – operated by the UK-headquartered Shell and BP, respectively – for gas fields straddling the maritime boundary between Venezuela and Trinidad and Tobago.

  • Kongsberg Maritime to equip DOF’s next-gen offshore support vessel

    2 April 2025
    Business & Finance, Business Developments & Projects, Equipment, Green Marine, Outlook & Strategy, Project & Tenders, Vessels

    Kongsberg Maritime has secured a contract to deliver an integrated package of equipment for a new offshore support vessel (OSV) that Polish shipbuilder CRIST S.A. is constructing for Norwegian vessel owner DOF Group. Designed by MMC Ship Design, the 110-meter long DP3 ice-class vessel named Sea Dragon is capable of hosting 164 persons and is […]

  • 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 […]