Business & Finance
HydrogenPro revises business strategy, appoints new CEO
HydrogenPro, a Norwegian technology company and an OEM for high-pressure alkaline electrolyzers, has announced that the company will take a new strategic business direction. The company said: “The plan for building capacity in the U.S. stays firm, but with the current market sentiment, raising fundi
Valaris undertakes $400 million private placement to fund acquisition of two drillships
Valaris revealed a pricing of $400 million upsized private placement of additional 8.375 per cent senior secured second lien notes due 2030.
Lloyd’s Register awards first UK approval for remote inspection techniques
Lloyd’s Register has awarded Aberdeen-based 3D scanning company Viewport3 with the first UK approval for remote inspection techniques using underwater photogrammetry. “It is a huge honour for a small company like Viewport3 to receive such a credible certification. Our team are absolutely delighted t
Hapag-Lloyd, DB Schenker ink biofuel-powered transport deal
German liner major Hapag-Lloyd has entered into a partnership with compatriot logistics provider DB Schenker for emission-reduced container transports with waste- and residue-based biofuel. The deal follows the launch of Hapag-Lloyd’s “Ship Green” product in May enabling customers to transport their
ZeroNorth partners with Cargill to optimize over 600 vessels and drive green efficiency
Climate technology company ZeroNorth has signed a three-year contract with Swiss freight trader Cargill on the provision of software for optimisations across vessels and voyages. The deal will see ZeroNorth become the main optimisation partner for more than 600 vessels the aim being to drive efficie
Dutch company’s pioneer USV powered by biofuel-hybrid propulsion combo
The Netherlands-based marine robotics manufacturer and shipyard RC Dock has unveiled its first fully classed uncrewed surface vessel (USV) designed for inspection, maintenance, repair (IMR) and survey operations. The 12-meter catamaran is equipped with an in-house developed launch and recovery syste
Two oil & gas firms agree on more time to wrap up divestment of North Sea discovery
Quattro Energy Limited has agreed on a long stop date extension for the acquisition of United Oil & Gas’ license in the Central North Sea, which includes an existing hydrocarbon discovery.
Provaris announces its investor relations advisor for Europe
Australian Provaris Energy has appointed Germany-based DGWA, the German Institute for Asset and Equity Allocation and Valuation (Deutsche Gesellschaft für Wertpapieranalyse GmbH) as its investor relations advisor in Europe. Provaris said the appointment seeks to develop and maximize the value of the
OMV spuds gas-condensate prospect with Transocean rig
OMV has started drilling an exploration well in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.
Interview: After shattering records in green-methanol bunkering, OCI Global stresses the power of collaboration for a smooth transition
Green methanol is rapidly emerging as a transformative marine fuel, leading the charge in the maritime industry’s quest for sustainable and eco-friendly shipping operations, it is quickly becoming a prominent contender in the race to decarbonize the sector. As the imperative for decarbonization of t
Danaos boosts its methanol-ready orderbook to 10 boxships
Greek containership owner Danaos Corporation has ordered the construction of two methanol-ready 8,258 TEU containerships set for delivery in 2026. The company said the order was placed in June but did not disclose the name of the shipyard that secured the deal. The latest order brings Danaos’ newbui
Five Vroon vessels joining Norwegian player’s fleet
GEOS is expanding its fleet of offshore supply vessels with four PSVs and one SSV for a total consideration of $94 million.
Thumbs-up for Equinor to deploy COSL Drilling’s rig for North Sea ops
Norwegian regulator has given Equinor its consent to use a COSL Drilling-owned rig for production drilling at a field in the North Sea.
Green light for Aker Solutions, Subsea 7 and SLB joint venture
Aker Solutions, Subsea 7 and SLB have obtained all required regulatory approvals from competition authorities for the establishment of a subsea joint venture (JV). “We are now a big step closer to day 1 for the coming world-class subsea company Aker Solutions are establishing together with SLB and S