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Fossil Energy

Prosafe’s 2015-built vessel getting ready for its Australian job

Prosafe, an Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator, has provided insight into the recent activities of its fleet, confirming the start of preparations for work that one of its units will begin in Australia next quarter.

about 1 year ago

Hydrogen

ITM Power and RWE expand collaboration through new 150 MW electrolyzer deal

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UK’s electrolyzer manufacturer ITM Power has entered into a capacity reservation agreement with German energy company RWE for 150 MW of NEPTUNE V units.

about 1 year ago

€250 million EIB loan to support Nexans' R&D and industrial investments

Cabling

€250 million from EIB to support Nexans’ R&D and industrial investments

French cable systems designer and manufacturer Nexans has secured €250 million in financing from the European Investment Bank (EIB) that will support its research, development and innovation programs for the period 2024-2029, along with some industrial and recycling investments. The financing is str

about 1 year ago

Clean Fuel

Stena Line: Brand new methanol-ready hybrid ferry debuts on Belfast-Heysham route

Swedish ferry company Stena Line has welcomed the first of its new methanol-ready hybrid freight ferries to Belfast Harbour, Northern Ireland’s maritime hub.

about 1 year ago

Alternative Fuels

Cavotec entrusted with Maldives’ first shore power system order

Sweden-based cleantech company Cavotec has been contracted to deliver the first shore power system in the Maldives.

about 1 year ago

Fossil Energy

NOV lands work on Argentina’s first FLNG project

Oilfield services company NOV has won a contract to provide a mooring solution for an offshore floating liquefied natural gas (FLNG) project in the Gulf of San Matías, offshore Argentina.

about 1 year ago

Ammonia

ACWA Power taps L&T for renewables and grid scope of green hydrogen hub in Yanbu

Indian multinational conglomerate Larsen & Toubro (L&T) has signed a memorandum of understanding (MoU) with Saudi developer of green hydrogen plants ACWA Power for a green ammonia project in Yanbu, a port city on the Red Sea.

about 1 year ago

Energy Transition

STAX Engineering ramps up UK port operations with $50M investment

STAX Engineering, a California-based company specializing in maritime emissions capture and control, has decided to scale up its operations in the United Kingdom with an investment of up to £38 million ($50 million) across UK ports. As disclosed, STAX Engineering is currently discussing collaboratio

about 1 year ago

News

North Sea operator prolongs Petrofac’s UK gig for two more years

Petrofac, a UK-headquartered oilfield services provider, has won a contract extension in the UK sector of the North Sea, allowing it to remain on an assignment with Ithaca Energy, a North Sea oil and gas operator and producer.

about 1 year ago

OSIP floating platform concept illustration

Marine Energy

Bay of Fundy tidal energy projects receive $10.7M federal boost

Natural Resources Canada (NRCan) has allocated $10.7 million in federal funding for two projects aimed at advancing tidal energy monitoring in the Bay of Fundy. The funding, delivered through the Energy Innovation Program, will support the Ocean Sensors Innovation Platform (OSIP) led by the Fundy Oc

about 1 year ago

Fossil Energy

‘Major milestone’ for Australian project: Santos unveils first gas from BW Offshore FPSO

Australian energy player Santos has revealed the beginning of production operations related to a floating production, storage, and offloading (FPSO), which is managed by Norway’s BW Offshore and deployed at its project off the coast of Australia’s Northern Territory.

about 1 year ago

Fossil Energy

EU’s 19th sanctions wave targets Russia’s energy lifelines: LNG ban, oil cap cut, and step-up in shadow fleet purge

The European Commission’s proposal for the 19th package of sanctions not only deepens the shadow fleet sweep with 180 new vessel listings, but also tightens the energy noose on the Kremlin with a liquefied natural gas (LNG) ban, marking a turning point in the EU’s attempt to wean itself off Russian

about 1 year ago

Lac Da Vang - A Platform (LDV-A) jacket and piles; Source: PTSC M&C

Fossil Energy

Jacket load-out ticked off: Murphy preps for installation ops at its Asian oil project

Murphy Oil has made progress in the development of its oil project in the Cuu Long Basin off the coast of Vietnam, as the construction of a jacket for a central processing platform (CPP) destined to be installed at the site has been completed by PTSC Mechanical & Construction (PTSC M&C), a Vietnam-h

about 1 year ago

Fossil Energy

Perenco starts breathing new life into mothballed Brazilian assets

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.

about 1 year ago