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European Commission grants €720 million to renewable hydrogen projects
European Commission has awarded nearly €720 million to seven renewable hydrogen projects, selected through the bidding process under the European Hydrogen Bank.
Yinson Production puts $1.3 billion financing in place for Angola-bound FPSO
Yinson Production has secured a limited recourse term loan facility of up to $1.3 billion for the pre-and post-delivery financing of an FPSO.
Ocean Sun forges partnership with Indian company to deploy floating solar tech
Signed on 29 April 2024, this MoU aims to explore primary areas of partnership concerning Ocean Sun’s floating solar energy technology, which utilizes photovoltaic (PV) panels installed on hydro-elastic membranes at suitable locations identified by NHPC.
Four Solstad vessels land more work in Asia and West Africa
Solstad Offshore has won new contracts for four members of its fleet, encompassing three CSVs and one AHTS vessel.
GE Vernova and AFC buy their way into giant renewable Morocco-UK power project with $24.3 million
GE Vernova and Africa Finance Corporation (AFC) have decided to bankroll the development of a huge renewable energy project in Morocco.
Trafigura orders 4 dual-fuel ammonia-powered ships in South Korea
Multinational commodity trading company Trafigura has signed a contract for four medium gas carriers (MGC) that will be capable of using low-carbon ammonia as a propulsion fuel when delivered.
Copenhagen Infrastructure Partners and Uniper forge hydrogen ties
Copenhagen Infrastructure Partners (CIP) has signed an MoU with Uniper to strengthen collaboration on bringing green hydrogen from CIP’s HØST PtX Esbjerg project to Germany.
Noble drillship kicks off drilling ops in Gulf of Mexico
LLOG Exploration has started drilling an exploration/appraisal well in the U.S. Gulf of Mexico with one of Noble Corporation’s drillships.
FSRU embarks on voyage to Denmark for drydock inspection
KN Energies (KN) has confirmed the departure of an FSRU to Denmark, where an inspection and repair is planned to be carried out in the dry dock.
New methanol-ready subsea construction vessel to sport Corvus’ energy storage system
Corvus Energy has been picked to provide energy storage systems (ESS) for a new energy subsea construction vessel (ESCV), which will be built for REM Offshore.
Höegh LNG’s FSRU hand-picked to bolster Egypt’s energy security
Höegh LNG has struck a deal with Australian Industrial Energy (AIE) and EGAS to deploy one of its FSRUs in Egypt.
Subsea7 and OneSubsea hired to work on Wisting and Bay du Nord oil projects
Subsea Integration Alliance, comprising OneSubsea and Subsea7, has won a long-term strategic agreement with Equinor.
Valaris ‘laser-focused’ on ensuring its rig fleet will be fully booked in 2024
Valaris is determined to find more employment for its rigs during 2024 to get all the current gaps in fleet assignments filled out, so that, there are no remaining available days.
Argeo granted patent for ‘innovative’ sensor configuration for subsea vehicles
Argeo has secured its fifth patent from the Norwegian Industrial Patent office, this time for an innovative sensor configuration for subsea vehicles said to provide higher reliability, better signal, and improved detection. Argeo reported that its wholly-owned subsidiary Argeo Robotics had been gran