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Business & Finance

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Avenir LNG to welcome Avenir Achievement LNG bunkering vessel
Business & Finance

Avenir LNG’s CEO steps down

UK-based small-scale LNG company Avenir LNG has informed that its chief executive officer, Peter Mackey, will be stepping down from his position. On November 13, Avenir LNG revealed this management change, explaining that Mackey will remain with the company until the end of the first quarter of 2024

about 3 years ago
Illustration/Wavepiston's wave energy technology (Courtesy of Wavepiston)
Business & Finance

After OTEC and tidal, Shell sets sights on wave energy as well

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Danish wave energy company Wavepiston has partnered up with Shell Technology – Marine Renewable Program to identify opportunities and potential avenues for collaboration on ocean energy developments.

about 3 years ago
Environmental Defense Fund Europe (EDFE)
Business & Finance

Is the EU ready to take decisive steps towards slashing its methane footprint from imports?

The EU’s decision-makers are preparing to weigh in on whether to include a performance standard for methane emissions from imports.

about 3 years ago
Illustration/Mocean Energy’s Blue X wave energy device offshore Orkney (Courtesy of Mocean Energy/Photo by Colin Keldie)
Business & Finance

Mocean Energy steps up commercialization plans with new funding and investors on board

Scottish wave energy company Mocean Energy has raised €2.5 million in new equity, alongside €572,000 grant to drive the commercialization of its wave energy technologies, bringing Katapult Ocean and MOL Plus as new investors in the business.

about 3 years ago
Illustration; Source: Plexus
Business & Finance

UK firm lands North Sea deal with Neptune

Plexus Holdings has won a rental contract with Neptune Energy for a plug and abandonment (P&A) project in the UK sector of the North Sea.

about 3 years ago
Prysmian
Business & Finance

With new orders of €13 billion in the bag, Prysmian pinpoints energy transition and electrification as growth drivers

Prysmian Group has revealed strong results for the first nine months of 2023, with new orders year-to-date amounting to approximately €13 billion.

about 3 years ago
Palfinger has been selected to equip the updated version of the DP3 cable laying vessel Nexans Aurora; Copyright: Skipsteknisk
Business & Finance

New Nexans cable layer getting ‘extensive’ equipment package from Palfinger

Palfinger has been hired to provide a comprehensive equipment package for Nexans Marine Operations’ new DP3 cable laying vessel (CLV).

about 3 years ago
Deep Wind Offshore Hy2gen green hydrogen offshore wind
Business & Finance

Deep Wind Offshore and Hy2gen form green hydrogen partnership

Deep Wind Offshore has joined forces with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. “The combination of offshore wind and hydrogen has got massive potential. It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewa

about 3 years ago
Damen
Business & Finance

Damen, Bawat strengthen ties in mobile BWMS

Damen Green Solutions and Bawat A/S have announced a new joint venture to develop and market “the world’s greenest” mobile BWMS.

about 3 years ago
Paul B. Loyd Jr. rig; Source: Transocean
Business & Finance

Dolphin Drilling gets UK safety case acceptance for rig being acquired from Transocean

Dolphin Drilling has received safety case acceptance from the UK Offshore Major Accident Regulator (OMAR) for a semi-submersible rig.

about 3 years ago
VNG plans to purchase clean ammonia from Horisont Energi’s Barents Blue plant
Business & Finance

VNG plans to purchase clean ammonia from Horisont Energi’s Barents Blue plant

German gas group VNG has signed a letter of intent (LoI) with Norwegian clean energy company Horisont Energi for the offtake of clean ammonia from the Barents Blue project in Hammerfest, Norway. As part of the LoI, VNG intends to purchase clean ammonia from Horisont Energy with an aim to make the am

about 3 years ago
Penguins FPSO; Credit: Chris J Ratcliffe; Source: Greenpeace
Business & Finance

Multi-million legal threat brews on UK horizon, as Shell sues Greenpeace for boarding North Sea-bound FPSO

Shell is in the process of bringing forth one of the biggest legal challenges Greenpeace has ever faced

about 3 years ago
UK oil & gas firm obtains approval to buy stake in two blocks off Angola
Business & Finance

UK oil & gas firm obtains approval to buy stakes in Angolan offshore blocks

UK-headquartered Afentra, through its wholly-owned subsidiary Afentra (Angola) Ltd., has received approval from the Government of Angola for the acquisition of interests in two blocks offshore Angola from state-owned oil and gas company Sonangol. Afentra announced it had received the approval for th

about 3 years ago
Reach Subsea inks charter contract for low-emission survey vessel
Business & Finance

Reach Subsea inks charter contract for low-emission survey vessel

Reach Subsea has signed a three or five-year charter contract, including additional options, with Agalas for a low-emission IMR/survey vessel with a smart lifting arrangement and an equipment package that can be adapted to several market segments. The new vessel, set to be constructed at the Sefine

about 3 years ago