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Solstad's largest vessel fully committed until end of 2026
Subsea

Solstad’s largest vessel fully committed until end of 2026

Norwegian shipping company Solstad Offshore has secured a contract award with a mystery client that will keep the largest vessel in its fleet fully committed until the end of 2026. Solstad’s subsea construction vessel (CSV) Normand Maximus is 178 meters long and can accommodate up to 180 people. It

about 1 year ago
Osaka Gas
Alternative Fuels

Potential of e-fuels in shipping decarbonization under the spotlight in EMSA’s new report

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While e-fuels are seen as viable solutions to support decarbonization, they can not be expected to play a major role in the global shipping sector by 2030 due to limited expansion, the European Maritime Safety Agency (EMSA) found in its latest report exploring alternative fuels and decarbonization t

about 1 year ago
Sevilla
Green Marine

Spanish port receives accolade for its circular economy project

Earlier this November, the Port of Sevilla was presented with the European Sea Ports Organization’s (ESPO) 2024 ESPO Award for its circular economy-oriented project, believed to hold benefits for both the city and its community. As disclosed, the Spanish port received the award on November 6 at a ce

about 1 year ago
Global OTEC has launched its storm-resistant floating platform, marking a step in developing ocean thermal energy conversion (OTEC) technology.
Marine Energy

Global OTEC deploys storm-resistant floating platform in Atlantic waters (Video)

Global OTEC has deployed its storm-resistant floating platform, marking a step in developing ocean thermal energy conversion (OTEC) technology. According to Global OTEC, the cylindric hull, named Don and built under the EU-funded PLOTEC project, was launched from Hidramar Shipyards into Atlantic wat

about 1 year ago
Leaders at COP29 Azerbaijan; Source: COP29 Azerbaijan
Fossil Energy

COP29 delivers hat trick with $1.3 trillion on the cards but lack of stronger mitigation and finance action seen as ‘betrayal’

COP29 has managed to reach a consensus on tripling climate finance while setting a new worldwide target to direct $1.3 trillion of climate finance to developing countries by 2030.

16 minutes read
COP29 Azerbaijan; Source: COP29 Presidency
Fossil Energy

Carbon markets are a go but trillions at stake: Will ‘climate finance COP’ deliver the goods at the eleventh hour?

Given the trillion-dollar gap between the Global South’s demands and the Global North’s proposal for a new climate finance target, the 29th Conference of the Parties (COP29) has run into overtime in one last attempt at bridging the divide and finding common ground all parties can get behind. The cal

21 minutes read
FPSO Almirante Tamandaré; Source: Petrobras
Fossil Energy

$111 billion investment on Petrobras’ five-year agenda

Petrobras has unveiled its new business plan for the 2025-2029 period (BP 2025-29) and strategic plan 2050 (SP 2050), outlining its focus and priorities to reinforce its long-term vision.

about 1 year ago
Hong Kong
Electric

Hong Kong company rolls out the red carpet for two eco-friendly electric-hybrid ferries

Ferry service company Hong Kong & Kowloon Ferry (HKKF) has welcomed two new “zero emission” hybrid ferries, designed by Australia-based Incat Crowther and constructed by Hong Kong’s Cheoy Lee Shipyards. The newbuilds are part of a nine-vessel order, among which seven measure 40 meters and two measur

about 1 year ago
Fast4Ward design; Source: SBM Offshore
Fossil Energy

SBM Offshore bankrolling construction of Guyana-bound FPSO with $1.5 billion loan

SBM Offshore has secured $1.5 billion with a consortium of 16 international financial institutions to cover the construction costs for a floating production, storage, and offloading (FPSO) vessel destined to be deployed on a deepwater oil development on the Stabroek block off the coast of Guyana, wh

about 1 year ago
BRANDED CONTENT
The Damen CLV: a new generation of cable layer
Business Developments & Projects

The Damen CLV: a new generation of cable layer

Around ten years ago, the Damen Offshore Carrier (DOC) was launched. The idea was simple – maximum versatility and optimum efficiency. The DOC was employed in cable laying operations, demonstrating a flexible, reliable approach to the task. Now, Damen has applied the proven credentials of this vesse

about 1 year ago
Marjolein Kelder from The Rich North Sea at OEEC 2023 panel session ‘Offshore energy: Business for the better’
Alternative Fuels

OEEC first offshore energy event with dedicated nature enhancement content program, exhibition pavilion

The Netherlands is a pioneer in including nature enhancement stipulations in offshore (wind) energy tenders. The Dutch event for the international offshore energy and maritime industries, Offshore Energy Exhibition & Conference (OEEC), has also given nature enhancement a prime spot in this year’s ed

about 1 year ago
An aerial view of an LNG complex
Fossil Energy

BP okays Indonesian $7 billion project to unlock additional gas for Asia

A consortium led by the United Kingdom’s energy supermajor BP has reached a final investment decision (FID) on a project featuring enhanced gas recovery (EGR) through carbon capture, utilization, and storage (CCUS) in Indonesia.

about 1 year ago
Mr Alvin Tan, Minister of State, Ministry of Culture, Community and Youth & Ministry of Trade and Industry
Marine Energy

Singapore commits $74M to green growth in marine and offshore energy

The government of Singapore has unveiled a SGD $100 million (approximately $74,1 million) support package aimed at accelerating green growth in the marine and offshore energy sectors over the next five years. The investment was unveiled by Minister of State Alvin Tan at an event held in Singapore on

about 1 year ago
NAGA 7; Source: Velesto
Fossil Energy

Sunken rig’s wreck removal done as recycling ops near the finish line with Boskalis’ help

Velesto has confirmed the wrap-up of wreck clearance with recycling activities expected to follow suit shortly for one of its jack-up rigs that tilted due to an incident and subsequently sank in 2021.

about 1 year ago