Business & Finance
WinGD, Samsung Heavy Industries join forces on ammonia-powered ships
Swiss marine power company WinGD and shipbuilder Samsung Heavy Industries (SHI) have agreed to cooperate on the installation of WinGD’s X-DF-A dual-fuel ammonia engines on forthcoming newbuild vessels. The two companies signed a memorandum of understanding during the Gastech conference in Singapore
Prysmian reserves capacity to deliver Australian interconnector
Prysmian Group has signed a capacity reservation agreement with Marinus Link, a subsidiary of the Australian transmission system operator (TSO) TasNetworks, to reserve the capability to deliver a power interconnector project in Australia. The agreement includes the Commonwealth Government underwriti
‘Bold measures’ still needed for 2030 target but UK North Sea oil & gas emissions down for third consecutive year
The NSTA has outlined in its new report that the oil and gas industry is making progress on curbing emissions.
EuropeWave unveils top 3 wave energy finalists
EuropeWave project has selected three finalists – CETO Wave Energy Ireland, IDOM Consulting and Mocean Energy – to fabricate, deploy and demonstrate their prototype designs in the third and final phase of the collaborative wave energy project.
SCHOTTEL Marine Technologies merges German and UK ops with focus on floating offshore renewables
SCHOTTEL Marine Technologies, the new company name for Germany’s AQUOS SCHOTTEL Marine Technologies and Scotland’s Swift Anchors, has integrated its operations to ramp-up deployment of its anchoring solutions for floating offshore renewables.
After two workers suffered injuries on North Sea platform, Repsol Sinopec slapped with £535,000 fine
Repsol Sinopec Resources UK Limited has been fined £535,000 after the uncontrolled collapse of a crane injured two workers.
JERA, Uniper and ConocoPhillips pen hydrogen and ammonia supply deal
Japan’s JERA, through its subsidiary JERA Americas, has signed a Heads of Agreement (HoA) with Uniper Global Commodities in Germany and ConocoPhillips in the United States (U.S.) for the sale to Uniper of low-carbon hydrogen/ammonia produced in the U.S. JERA said that the company will contribute to
Offshore wind and oil & gas win for Solstad
Solstad Offshore has secured two new contracts for its subsea vessels – one in the offshore wind and the other in the oil & gas industry. Construction support vessel (CSV) Normand Baltic has won a 180-day contract to provide walk-to-work services on an offshore wind project in Asia, set to commence
First steel cut for two large new oil & gas projects in North Sea
Aker BP has celebrated the start of the fabrication phase for two oil and gas projects, which are located in the Norwegian sector of the North Sea.
Commonwealth LNG and MET Group sign 20-year LNG supply deal
U.S.-based Commonwealth LNG and Switzerland-based MET Group have entered into a Heads of Agreement (HoA) for the sale and purchase of one million tons per annum (mtpa) of liquefied natural gas (LNG) for 20 years from the Commonwealth LNG facility currently under development in Cameron, Louisiana, U.
Op-ed: Contracts for Difference – Time for something different?
Marine Energy Wales’ project manager Jay Sheppard outlines his thoughts on how the current Contracts for Difference funding mechanism for low carbon electricity could be improved.
WoodMac: FLNG market’s outlook ‘bullish’ with Africa at the core of ongoing boom
Wood Mackenzie’s report shows that the FLNG sector is thriving and ready for new capacity with Africa positioned at the heart of this growth.
International offshore rig count continues its upward trend
Baker Hughes’ international rig count report shows a further increase in the number of offshore rigs in August 2023, as 4 additional units were recorded compared to the month before.
New five-year deal for Wood in North Sea
Wood has secured a new master services agreement and associated contracts valued at around $330 million for operations in the UK North Sea.