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Business & Finance

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EU-funded study to asses feasibility of Panama-Spain green shipping corridor
Business & Finance

EU-funded study to asses feasibility of Panama-Spain green shipping corridor

London-based environmental, energy and engineering consulting company Ricardo is leading a study that investigates the feasibility of a green shipping corridor between Panama and Algeciras, Spain, aiming to decarbonize maritime trade and modernize global connectivity. The study is funded by EU deleg

about 9 months ago
COSL Innovator rig; Source: COSL
Business & Finance

Go-ahead for Equinor’s drilling ops with COSL rig in Norwegian waters

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Equinor has received the Norwegian authorities’ blessing for drilling activities in the Norwegian Sea, which will be undertaken with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 9 months ago
Ocean Infinity takes delivery of final survey vessel in its new high-tech Armada fleet
Business & Finance

Ocean Infinity takes delivery of final survey vessel in its new high-tech Armada fleet

Ocean Infinity has taken delivery of the 14th and final vessel in its Armada fleet, ordered in 2020 as a fleet of next-generation robotics-equipped, low-emission vessels for geophysical and geotechnical surveys. The latest delivery completes the 86-meter class of Armada vessels, following the introd

about 9 months ago
Deepsea Bollsta; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling buys six-year-old rig: Name change coming up next year

A 2019-built semi-submersible rig, owned by Northern Ocean, has now been acquired by Odfjell Drilling, which plans to rename this mobile offshore drilling unit (MODU) in 2026.

about 9 months ago
Thailand’s first CCS project in the works with PTTEP at the helm
Business & Finance

Technip Energies lands job at Thailand’s first carbon capture and storage project

French-based engineering company Technip Energies has secured a detailed engineering assignment for the first carbon capture and storage (CCS) project in the Gulf of Thailand.

about 9 months ago
New study exploring oxygen as possible solution to hydrogen pipeline embrittlement
Business & Finance

New study exploring oxygen as possible solution to hydrogen pipeline embrittlement

Great Britain’s National Gas Transmission (NGT) has appointed London-headquartered engineering consultancy Penspen to explore whether oxygen can act as an effective inhibitor for hydrogen embrittlement, seen as one of the major challenges in repurposing and constructing pipelines for a future hydrog

about 9 months ago
A floating production storage and offloading unit at sea
Business & Finance

Short lease turns into long-term gig for rig set to become drilling and wellhead platform

Oslo-listed oil and gas E&P player BW Energy has secured a project lease agreement with Minsheng Financial Leasing Co (MSFL) for an offshore unit, which is expected to be repurposed from a jack-up rig into a fully integrated drilling and production platform.

about 9 months ago
ABB and HDF plan serial production of high-power fuel cell units from 2030
Business & Finance

ABB and HDF plan serial production of high-power fuel cell units from 2030

Swedish-Swiss ABB and France-based HDF Energy have signed a joint-development agreement (JDA) to develop a high-power fuel cell unit that will enable megawatt-scale installations to power large seagoing ships. The partners, who signed a memorandum of understanding (MoU) in 2020 envisaging the collab

about 9 months ago
Illustrative image of ammonia FPSO; Source: MISC
Business & Finance

MISC and China Offshore’s ammonia FPSO design wins ABS’ blessing

Two players, MISC and China Offshore Engineering & Technology Company (China Offshore), have secured an approval in principle (AiP) from the American Bureau of Shipping (ABS) for their concept of an ammonia floating production storage and offloading (FPSO) unit.

about 9 months ago
A North Sea platform
Business & Finance

North Sea green shift at play: Dutch gas platform plugs into German offshore wind power

The Netherlands-based exploration and production player ONE-Dyas, together with its partners EBN and Tenaz Energy, has tucked a new decarbonization milestone under its belt by breathing life into the first natural gas production platform in the Dutch and German sectors of the North Sea to run on off

about 9 months ago
Galveston LNG Bunker Port inks supply deal with international shipping company
Business & Finance

Galveston LNG Bunker Port inks supply deal with international shipping company

Galveston LNG Bunker Port (GLBP), a Texas-based developer of what is said to be the first U.S. Gulf Coast dedicated LNG bunkering facility, has signed a commercial commitment with an international shipping company for the provision of LNG bunker fuel in Galveston Bay. The Heads of Agreement with the

about 9 months ago
Rio Grande LNG terminal; Courtesy of NextDecade
Business & Finance

Ten-year job for Wood on US Gulf Coast LNG project

Scotland-headquartered engineering and consulting company Wood has won a multi-year assignment with Houston-headquartered NextDecade Corporation for a liquefied natural gas (LNG) export project in Texas, United States.

about 9 months ago
FSRU Toscana; Source: OLT Offshore LNG Toscana
Business & Finance

Snam moves to take over partner’s stake in Italy’s FSRU

Snam has taken a step to buy the stake its partner, Igneo Infrastructure Partners, holds in Italy’s floating regasification terminal operator, OLT Offshore LNG Toscana, which runs a floating storage and regasification unit (FSRU) moored off the coast of Livorno.

about 9 months ago
BW Energy
Business & Finance

BW Energy enters Angola’s offshore oil & gas playground with new acquisition

Oslo-listed oil and gas E&P player BW Energy has struck a deal to get hold of minor stakes in two blocks off the coast of Angola.

about 9 months ago