Business & Finance
European tidal energy innovators in the running for $100K Ocean Exchange prize
Irish marine energy developer GKinetic Energy and Norwegian tidal energy company Tidal Sails have been featured in the Ocean Exchange shortlist for the $100,000 award bestowed to green and sustainable ocean energy innovations.
Damen’s first new fast crew supplier completes sea trials
Damen’s first FCS 7011 vessel has successfully finished its sea trials off the Turkish coast and is set to head to the Netherlands.
Orbital Marine to showcase UK’s tidal power prowess at Global Investment Summit
The UK government has unveiled the 12 businesses from across the UK who will showcase their green technology and innovations at the Global Investment Summit – one of which is the Scottish-based tidal energy company Orbital Marine Power.
DOE to invest $8 million in hydrogen projects
The U.S. Department of Energy (DOE) will invest $8 million for nine projects that will complement H2@Scale efforts and support DOE’s Hydrogen Shot goal to decrease the cost of clean hydrogen.
Equinor books COSL rig to drill up to nine wells
Equinor has awarded COSL Offshore Management a contract to drill on Statfjord Øst field off Norway with the COSLPromoter rig.
Yinson on track with FPSO conversion for Petrobras
Yinson is on track with an FPSO conversion project for a Petrobras project off Brazil with topside module integration currently in progress.
Methanol-fueled ship pioneer Marinvest has a new owner
Clean Sea Transport has acquired 100% of the shares in Swedish shipping company Marinvest AB to promote clean fuels in the shipping sector.
UK regulator rejects Shell’s plan for North Sea gas project
UK petroleum regulator has not approved Shell’s proposed plan for an ultra-high pressure/high-temperature gas field in the UK North Sea.
Valaris rig bags fresh extension
Offshore drilling contractor Valaris has been awarded an extension to its bareboat charter agreement with ARO Drilling for a jack-up rig.
Well-Safe Solutions lands another 14-well decommissioning job
Well-Safe Solutions has won another decommissioning contract for its Well-Safe Guardian unit in less than a month.
Drydocks kicks off FSO conversion project for Perenco
Drydocks World Dubai has begun operations for converting an Aframax tanker to an FSO unit for Perenco’s project located offshore Brazil.
Lamprell secures loan to help cover costs of building two rigs
UAE-based Lamprell has secured funding to cover the costs for the continuation of the construction of two IMI jack-up rigs.
Shell reopens Olympus after Hurricane Ida
Oil major Shell has restarted output from the Olympus platform located in the U.S. Gulf of Mexico following Hurricane Ida.
Xodus buys Ocean Geo Solutions, extends US footprint
Energy consultancy firm Xodus has acquired data interpretation consultancy Ocean Geo Solutions (OGS) as a part of its global extension plans.