Business & Finance
In focus: Piecing together the energy transition puzzle
The offshore energy sector is currently going through a major change with the energy transition and sustainability as a driving force.
Owners give €4.4M commercialisation boost to Minesto
Minesto’s largest owners BGA Invest and Midroc New Technology have exercised all of their warrants of series TO3, adding approximately SEK 44.7 million (€4.4 million) in proceeds for the company.
Subsea Energy Solutions, Strohm ink three-year framework agreement
Offshore equipment manufacturer Subsea Energy Solutions (SES) has signed three-year framework agreement with international client Strohm.
Oscilla Power secures additional DOE funds for Triton-C deployment
Wave energy developer Oscilla Power has secured additional $2.4 million from the U.S. Department of Energy (DOE) to deploy its Triton-C wave energy device in Hawaii.
Van Oord cutting foundation design time with Ansys software
Van Oord is using Ansys software to speed up the design of wind turbine foundations for the offshore wind industry. Van Oord’s engineers are using Ansys Cloud and Ansys Mechanical to optimize new product design, minimize project risk, streamline supplier negotiations and slash product development ti
Noble Corp. completes acquisition of Pacific Drilling
Offshore drilling contractor Noble Corporation has completed the acquisition of Houston-based offshore driller Pacific Drilling, effective 15 April 2021.
PXGEO buys Vyacheslav Tikhonov vessel from Polarcus
PXGEO Seismic Services has entered into binding agreement to acquire Vyacheslav Tikhonov vessel from its current owner Polarcus, subject to the sanction of the Grand Court of the Cayman Islands.
Storegga, Shell, Harbour become equal partners on Acorn CCS
Storegga, Shell, and Harbour Energy have become equal partners in the Acorn carbon, capture and storage (CCS) project and will develop the project through to final investment decision (FID), construction, operation, and beyond.
New Fortress Energy completes Golar LNG units buy
New Fortress Energy said it has completed the acquisition of Golar LNG’s units Hygo Energy Transition and Golar LNG Partners valued at $5.1 billion.
Vår Energi hires Norwegian mechanical services firm
Oil and gas company Vår Energi has awarded a framework agreement for mechanical services to Norwegian engineering company Hammerfest Industriservice.
Petronas books Maersk drillship for Gabon well
Maersk Drilling has been awarded a one-well contract from a subsidiary of Petronas for the provision of a deepwater drillship.
Stopford: Industry will need $3.4 trillion in the next 30 years to replace existing fleet
The maritime industry will need to invest around $3.4 trillion in the next 30 years to replace the existing fleet in line with the shipping sector’s decarbonization plans. The projection was made earlier today by the shipping industry’s top analyst Mr. Martin Stopford, Non-Executive President -of Cl
Jumbo, SAL form new heavy-lift alliance
Jumbo Shipping, a Dutch maritime heavy lift transport and engineering contractor, and SAL Heavy Lift, a Germany-based breakbulk and project cargo specialist, have launched a joint venture known as the Jumbo-SAL-Alliance.
Damen, Purus Marine partner up to finance green ships
Dutch Damen Shipyards Group has partnered up with Purus Marine, a newly formed, environmentally focused maritime vessel and infrastructure company, to finance green shipping projects.