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Business & Finance

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Noble Interceptor rig; Source: Noble Corporation
Business & Finance

Noble signs up for Kongsberg Digital’s ‘cutting-edge’ simulator tech

Noble is bent on enhancing its operational safety and performance with simulator technology for dynamic positioning (DP) training and analysis, which will be provided by Kongsberg Digital.

about 1 year ago
As Switzerland adopts national hydrogen strategy, Axpo and partners launch new production plant
Business & Finance

As Switzerland adopts national hydrogen strategy, Axpo and partners launch new production plant

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Switzerland’s Federal Council adopted the national hydrogen strategy the same day that Axpo and its partners broke ground on the site of a new hydrogen production plant to be constructed by H2Uri.

about 1 year ago
Ostwind 4
Business & Finance

50Hertz awards contract for Ostwind 4 offshore grid connection in Germany

UAE-based Drydocks World, in partnership with GE Vernova, has secured a contract to build and install Ostwind 4, a 2 GW offshore wind grid connection in Germany. Ostwind 4 will connect Baltic Sea offshore wind farms to the national grid using high-voltage direct current (HVDC) technology. This will

about 1 year ago
EBRD
Business & Finance

EBRD invests up to €65M to support Moroccan port expansion, sustainability

The European Bank for Reconstruction and Development (EBRD) has decided to invest in Morocco’s maritime sector with a loan of up to MAD 690 million (equivalent to €65 million) to local port operator Marsa Maroc.

about 1 year ago
Map; Source: QatarEnergy
Business & Finance

QatarEnergy to enlarge its Namibian oil & gas portfolio by joining Chevron’s offshore block

QatarEnergy has set the stage to get a stake in an exploration block off the coast of Namibia, thanks to a deal with Harmattan Energy Limited (HEL), an indirect subsidiary of Chevron Corporation.

about 1 year ago
Argeo halts bankruptcy plans as industry player shows interest
Business & Finance

Argeo nets five-year site investigation agreement with TotalEnergies, extensions possible

Norway’s subsea services provider Argeo has entered into a five-year agreement, with potential for an additional two years, with France’s energy giant TotalEnergies for offshore site investigation services. The two companies established a global framework agreement on legal terms and conditions (FAL

about 1 year ago
Appraisal well was drilled by COSL Prospector rig; Source: COSL
Business & Finance

Vår Energi and Equinor mull over oil discovery tie-back to existing Barents Sea FPSO

Following a new oil discovery near an asset that is already in operation, Vår Energi and its Equinor, are in the process of contemplating a tie-back of their latest discovery to the existing floating production, storage, and offloading (FPSO) unit in the Barents Sea.

about 1 year ago
San Diego
Business & Finance

SF Bay Ferry orders three battery-electric ferries in $46 million deal

U.S. public ferry service provider San Francisco Bay Ferry (SF Bay Ferry) has entered into an agreement to purchase the nation’s first three battery-electric high-speed passenger ferries from All American Marine.

about 1 year ago
Poseidon Principles
Business & Finance

Poseidon Principles: Global shipping finance portfolio nears alignment with 2050 net zero goals

Prompted by the continued growth of climate transparency from financial institutions, the global finance portfolio for shipping has moved closer to alignment with ambitious decarbonization trajectories set by the International Maritime Organization (IMO), aiming to remove emissions from internationa

about 1 year ago
Perdido platform; Source: Shell
Business & Finance

Shell sets its cap on enlarging US oil arsenal with subsea tie-back to Gulf of Mexico asset

Shell has greenlighted another multi-well development project to enrich oil production from an asset situated at a water depth of about 2,450 meters (8,040 feet) in the U.S. Gulf of Mexico (GoM), said to represent the world’s deepest floating oil platform.

about 1 year ago
An offshore platform at sunset
Business & Finance

British firm buying into Orcadian’s North Sea assets, with eyes on ‘zero carbon energy’ development

UK-headquartered oil and gas player Orcadian Energy has inked two deals with compatriot power developer and operator of power plants, the Independent Power Corporation (IPC), and its affiliates.

about 1 year ago
FPSO Prof. John Evans Atta Mills operating on TEN fields; Source: Tullow
Business & Finance

US oil & gas player pondering takeover of UK firm with initial talks underway

Kosmos Energy is mulling over a potential acquisition of the UK-headquartered Tullow Oil, which is set on exploring oil and gas resources in Africa.

about 1 year ago
Port-La Nouvelle
Business & Finance

Changes in ownership follow Höegh Evi’s rebranding

Funds managed by Igneo Infrastructure Partners have entered into agreements to acquire a 50% ownership stake in Larus Holding Limited, the 100% owner of energy infrastructure solutions provider Höegh Evi, from funds managed by Morgan Stanley Infrastructure Partners (MSIP).

about 1 year ago
Van Oord picks Baltic Eagle inter-array cables
Business & Finance

Vestas, TKF secure contracts for 1.1 GW Inch Cape offshore wind farm

Inch Cape Offshore Limited, a joint venture between Red Rock Power Limited and ESB, has awarded TKF with a turnkey contract to supply and install inter-array cables at the Inch Cape offshore wind farm. Additionally, Vestas has secured a firm order to deliver its V236-15.0 MW wind turbines to the 1.1

about 1 year ago