Business & Finance
Tidal test site off Brittany marks progress
Paimpol-Bréhat tidal energy test site, located off France’s northern region of Brittany, is making great strides towards proving its sustainability, with one developer extending its trials until next year, and another announcing deployment for 2022.
BNP Paribas AM includes wave & tidal into its first blue economy ETF
BNP Paribas Asset Management has expanded its range of sustainable thematic investments with the launch of its first blue economy exchange-traded fund (ETF). The fund will build on the work BNP achieved with the circular economy ETF it launched in May 2019. This new ETF, called the BNP Paribas Easy
Nixon: We are ready to self tax as an industry, but within a uniform standard
Introduction of a carbon levy in the shipping industry must be done in a uniform, transparent and fair manner, Jeremy Nixon, CEO of Ocean Network Express (ONE) believes, reaffirming the industry’s pushback against a regional approach. A carbon levy on bunker fuels is being proposed as a way of colle
Crane for next-gen offshore wind turbines coming to market
The Netherlands-based Tetrahedron has developed a new crane for next-generation offshore wind turbines, said to be designed to fit on both existing and new jack-up vessels. Tetrahedron said that based on a different motion principle and a structural load transfer, the crane lifts higher than alterna
Wood gets $75 million worth Mariner job from Equinor
Oilfield services provider Wood has secured a new contract with Equinor to support its operations at the Mariner field in the UK Continental Shelf.
Borr Drilling names new chief financial officer
Offshore drilling rig owner Borr Drilling has appointed a new chief financial officer (CFO) of the company.
Chart buys Worthington cryogenic and hydrogen business
US LNG engineer, Chart Industries has completed the acquisition of the cryogenic trailer and hydrogen trailer (transport) assets of Worthington Industries.
CMA CGM’s LNG-powered giant sets world record
The 23,000 TEU CMA CGM Jacques Saade, the world’s largest LNG-powered containership, has set a world record for the number of full containers loaded on a single vessel.
New CEO takes the reins at Ulstein
Cathrine Kristiseter Marti has been appointed as the new CEO of Ulstein Group, replacing Gunvor Ulstein who has decided to step down from her operational role after 22 years. Cathrine Marti comes from the position as CFO, a role she has had for the past six years. Gunvor will remain Chair of the Boa
Simec Atlantis makes directorate changes
Global developer of sustainable energy projects Simec Atlantis Energy has appointed a new non-executive director, and a special adviser to the company’s board of directors.
WEM orders CTV couple from Strategic Marine
The UK-based WEM Marine has ordered two new crew transfer vessels (CTVs) from Singapore’s shipbuilder Strategic Marine. The 27m CTVs will be powered by two Caterpillar C32 engines driving fixed pitch propellers and will be able to accommodate 24 technicians and three crew members. The vessels will b
ExxonMobil taps Kotug for towage services offshore Guyana
Dutch towage services provider Kotug has been awarded a long-term contract oil major ExxonMobil to provide offshore terminal towage support for operations in Guyana.
North Sea Wind Power Hub looking for market engagement support
Energinet has issued a call for tenders for offshore market engagement support services for the North Sea Wind Power Hub (NSWPH) project. The consortium behind the NSWPH project is looking to engage with commercial and regulatory experts from leading offshore wind developers highlighting key regulat
Rystad: Chinese yards to beat Asian rivals in construction costs after spending rebounds in 2021
An analysis by Norwegian energy intelligence firm Rystad Energy shows that Chinese yards will outcompete Asian rivals on costs in an expected rebound in offshore oil and gas spending from 2021.