The Poseidon Principles for Marine Insurance has released its third annual disclosure report, showing growing support for the International Maritime Organization’s (IMO) decarbonization goals.
KOIL Energy Solutions, formerly Deep Down, has received an order for its subsea distribution equipment, which will be deployed at an oil and gas project in the Gulf of America, formerly known as the U.S. Gulf of Mexico.
Swedish wave energy developer CorPower Ocean has secured funding from Sweden’s national innovation agency, Vinnova, to integrate artificial intelligence (AI) into its wave energy technology in collaboration with the Norwegian University of Science and Technology (NTNU). According to CorPower Ocean,
The International Maritime Organization (IMO) has set out to create a comprehensive strategy for maritime digitalization that will leverage emerging technologies to advance efficiency, safety, and sustainability.
Verdagy has selected Black & Veatch as the front-end engineering and design (FEED) contractor for its 60-megawatt (MW) clean hydrogen project near the Gulf Coast in Texas.
Gulf Marine Services (GMS), a UAE-headquartered provider of self-propelled and self-elevating support vessels for the offshore energy sector, has picked up a new contract for a vessel from its fleet in the Middle East.
Swedish marine technology Alfa Laval has secured its first contract for the ammonia fuel supply system that would be installed onboard seven ammonia dual-fuel LPG/ammonia carriers owned by Chinese shipowner Tianjin Southwest Maritime (TSM).
Finnish shipping company ESL Shipping and Sweden’s steelmaker SSAB have extended their long-term agreement for sustainable sea transport of SSAB’s inbound raw materials across the Baltic Sea and from the North Sea. As disclosed, the new contract also encompasses the transportation of SSAB’s fossil-f
Aker BP has secured a drilling permit for an exploration well in the Norwegian Sea off the coast of Norway, which is slated to be drilled this month using a semi-submersible rig owned by Italy’s Saipem.
Italy’s energy giant Eni has reached an agreement with energy and commodities company Vitol to sell a portion of interests in certain assets it owns in Cote d’Ivoire and the Republic of Congo.
Lomarlabs, an innovation arm of Lomar Shipping, has joined forces with technology company Newlight to pilot hydrogen-diesel engine retrofits and accelerate cost-effective, lower-emission solutions for maritime decarbonization.
Dubai-based terminal operator DP World has signed a long-term strategic agreement with Danish shipping giant Maersk to expand maritime services at its terminal in the Port of Santos, Brazil.
UK-headquartered Enshore Subsea has secured an export cable installation contract for one of Scotland’s largest offshore wind projects, the 1.1 GW Inch Cape. The Inch Cape offshore wind farm will feature two 85-kilometer, 220 kV, three-phase export cables, each delivered in three sections and requir
Serica Energy has disclosed a delay in resuming production from its assets in the North Sea, as more time is needed to fix the issue hampering a floating production, storage, and offloading (FPSO) vessel’s performance on the UK Continental Shelf (UKCS).
