Business & Finance
Solstad sells two laid-up anchor handlers
Norwegian vessel owner Solstad Offshore has sold and delivered to a new owner two of its anchor handling tug and supply vessels.
Report: STX Offshore bags order for petrochemical carrier
South Korean shipbuilder STX Offshore & Shipbuilding has won an order to build a 50,000-ton petrochemicals carrier, Yonhap reports citing a company statement. The Hong Kong-based company behind the order is set to take delivery of the ship in the first half of 2022. The mid-size shipbuilder is also
Sparrows scores hat-trick in Angola’s deepwater region
Sparrows Group has secured one contract renewal and two extensions, worth a seven-figure sum, in Angola to support major operators in the deepwater region.
Acorn CCS and Hydrogen project gets over $43 million in government funding
Scotland took a step closer to its net-zero carbon goals with the announcement of over £30 million ($41.7 million) of UK Government funding for initiatives linked to the Acorn carbon capture and storage (CCS) project.
Liquid Wind joins Methanol Institute
Liquid Wind, a power to fuel company based in Gothenburg, has joined the Methanol Institute. The company develops, finances, builds, and manages facilities to produce renewable methanol. Renewable methanol is produced from sustainable raw materials such as industrial and municipal waste, biomass, an
Eidesvik platform supplier wins new job with Equinor
Norwegian offshore vessel owner Eidesvik Offshore has been awarded a contract for a platform supply vessel with compatriot oil company Equinor.
ZIM steps up investment in WAVE BL blockchain tech
Israeli shipping company ZIM Integrated Shipping Services and Marius Nacht, one of Israel’s leading serial entrepreneurs and investors, have jointly invested in a Series B Financing round of WAVE BL, a developer of a blockchain network supporting paperless trade in the shipping industry.
Chrysaor finds hydrocarbons in North Sea well, but final results still not in
Chrysaor has encountered hydrocarbons in the Jerv exploration well located in the North Sea offshore Norway, but the final results are yet to come in.
North Star makes grand entrance into offshore wind with Dogger Bank OWF
Aberdeen-based company North Star Renewables has won the tender for the delivery of three service operation vessels (SOVs) for the 3.6 GW Dogger Bank project, which is set to become the world’s biggest offshore wind farm. Under a contract worth approximately GBP 270 million (around € 316 million), t
Palfinger to supply cranes for Sangomar FPSO
Austrian crane specialist Palfinger Marine has been selected by Japanese FPSO supplier Modec to supply two-wire luffing lattice boom cranes for the floating production storage and offloading (FPSO) vessel being built for the Sangomar field in Senegal.
Masirah ramps up Yumna field capacity with upgrades
Oil and gas company Masirah Oil has completed the upgrade of the Yumna field process facilities located in Block 50 offshore Oman.
Swire Energy Services, ELA team up for UK offshore market
Swire Energy Services (SES) and ELA Container Offshore have entered a strategic collaboration that will see the two companies jointly delivering offshore accommodation solutions to the UK offshore energy sector. According to the companies, the new partnership will allow SES to increase its offshore
Another Asian banker joins Poseidon Principles
MUFG Bank, a consolidated subsidiary of MUFG and the largest bank in Japan, has become a signatory to the Poseidon Principles. With the latest member, a total of 24 financial institutions have now become signatories to the Principles with a portfolio of over $150 billion in loans to international sh
Danish heavyweights sign offshore wind power purchase agreement
Denmark’s Danfoss and Ørsted have signed a corporate power purchase agreement for 27 MW of the capacity of the Horns Rev 2 offshore wind farm. Danfoss, a global industrial manufacturer of energy-efficient solutions, signed a ten-year fixed price CPPA with Ørsted to offtake the portion of the renewab