Wave energy developer Eco Wave Power and EDF Renewables have unveiled what is said to be the Middle East’s first grid-connected wave energy power station at Jaffa Port. According to Eco Wave Power, the installation, now operational, has begun exporting clean electricity to the national grid under a
Sunda Energy has set the wheels in motion to ensure its drilling plans for an appraisal well at a gas field off the coast of Timor-Leste can move forward by reaching a non-binding letter of intent (LOI) with an undisclosed drilling contractor regarding commercial negotiations for a definitive deal.
Denmark-headquartered power cable manufacturer and installation firm NKT has appointed ABB to electrify its high-voltage submarine power cable factory in Karlskrona, Sweden. To remind, on the back of a record order backlog and strong market outlook, NKT announced investments in a new cable-laying ve
As part of its fleet rejuvenation agenda, Belgium-based shipowner CMB.TECH has sold three of its Suezmax tankers for nearly $120 million.
McDermott has wrapped up the sale of its storage business to a consortium of financial investors, led by Mason Capital Management. This enables CB&I to begin anew as an independent company with no funded debt.
The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has allocated nearly $2 million to two university-led projects to advance wave-powered desalination technology. According to the U.S. DOE, the funding supports research at Purdue University and the University of Minnesota t
Norway’s VARD has delivered the cable-laying vessel (CLV) it had converted from a platform supplier (PSV) to I.T. International Telecom Marine (IT), a Canadian company active in the offshore oil & gas and energy sectors. The vessel was built at Vard Brattvaag and delivered to Volstad Maritime in 200
China’s ZTT Submarine Cable & System has delivered what it says is Croatia’s first submarine cable installation in over four decades, a project described as a historic and ESG-focused milestone as it aims to modernize the country’s energy system. For the Cortia Submarine Cable Project, ZTT delivered
Sweden’s construction company Skanska has signed a SEK 1.2 billion (approximately $109 million) contract with Denmark-headquartered power cable manufacturer and installation firm NKT for the next stage of the cable factory expansion in Karlskrona, Sweden. According to Skanska, the agreement, booked
Japan’s Mitsui O.S.K. Lines (MOL) has held a naming ceremony for a newbuild liquefied natural gas (LNG) carrier, which is the third one to get its name at China’s shipyard Hudong-Zhonghua Shipbuilding since September 2024, as part of QatarEnergy’s historic LNG shipbuilding program.
Noble Corporation has secured further work for two floaters in Nigeria with France’s TotalEnergies and in the UK with TAQA while one of its jack-up rigs also got more work in Britain with BP. However, Inpex has decided to break off the deal in Australia for one of the rig owner’s floaters.
PRIO has expanded its footprint off the coast of Brazil by acquiring non-operated interests of two Chinese players in a field offshore Rio de Janeiro, said to be Equinor’s largest operated field outside Norway.
TechnipFMC has put the first equipment part of a subsea production system in place for an oil development at the Stabroek block off the coast of Guyana, which ExxonMobil Guyana Limited, a subsidiary of the U.S.-headquartered energy giant ExxonMobil, operates.
KN Energies has taken possession of a floating storage and regasification unit (FSRU) working at its LNG terminal on Lithuania’s Kiaulės Nugara Island.
