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Business & Finance

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South Arne area; Source: INEOS
Business & Finance

Italian contractor picks up work on North Sea gas platform

Rosetti Marino has tucked a multimillion-euro FEED assignment under its belt for a gas production platform in the North Sea.

about 2 years ago
New DNV standard for hybrid TCPs targets improved reliability of deepwater projects
Business & Finance

New DNV standard for hybrid TCPs targets improved reliability of deepwater projects

Independent energy expert and assurance provider DNV has released its latest standard for hybrid thermoplastic composite flexible pipes (TCPs) intending to facilitate the integration of innovative technologies, such as carbon fiber armor, into flexible riser designs. DNV’s latest standard, DNV-ST-F2

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about 2 years ago
Australian electrolyzer firm raises $111 million in Series B investment round led by BP
Business & Finance

Australian electrolyzer firm raises $111 million in Series B investment round led by BP

In what has been described as the largest Series B investment round in Australian clean tech history, electrolyzer company Hysata has raised $111 million led by BP Ventures and Templewater.

about 2 years ago
New renewable hydrogen facility in Brazil receives $30 million boost
Business & Finance

New renewable hydrogen facility in Brazil receives $30 million boost

Green Energy Park (GEP) Global has signed a definitive agreement for $30 million Series-A funding and obtained the long-term rights to the hydrogen port terminal facilities in Luis Correia, Brazil, marking a milestone on its journey to build a large hydrogen and hydrogen derivatives production plant

about 2 years ago
Ocean GreatWhite semi-submersible rig; Source: Kishorn Port
Business & Finance

Diamond Offshore’s contract backlog hits $1.9 billion amid tightening rig supply and demand dynamics

After enlarging its contract backlog by $713 million in 1Q 2024,Diamond Offshore is determined to expand its backlog further.

about 2 years ago
Mermaid Maritime’s joint venture to keep working for oil major
Business & Finance

Mermaid Maritime’s joint venture to keep working for oil major

Mermaid Maritime’s joint venture with a Middle Eastern offshore services company has secured a one-year contract extension for subsea services with an upstream oil and gas company. Thailand-headquartered Mermaid won the contract in a joint venture formed with a local offshore services operator in a

about 2 years ago
Swedish tidal energy developer Minesto has assembled an investment offer for a first-phase buildout of an array of tidal kites in Hestfjord, Faroe Islands.
Business & Finance

Following three months of testing, Minesto’s megawatt-scale tidal energy kite ‘delivering as expected’

Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected in its first three months of operations and the data being generated underlines the commercial readiness of Dragon Class systems, the Swedish company reported. The 1.2 MW powerplant was installed and commissioned at the site in Ve

about 2 years ago
Illustration; Source: Ocean Edge Services
Business & Finance

US player and local firm link up to hang out their shingle in Guyana as oil discoveries boost economy

Ocean Edge Services and Atlantic Marine Supplies have formed a new joint venture and corporation in Guyana, Ocean Edge Services (Guyana) Inc.

about 2 years ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

Drilling ops bear fruit: Start-up of another well offshore Gabon on BW Energy’s 2024 agenda

BW Energy is planning to bring online another well within the Dussafu license off the coast of Gabon later this year.

about 2 years ago
Island Offshore orders hybrid ocean energy construction vessel at VARD with option for two more
Business & Finance

Island Offshore orders hybrid ocean energy construction vessel at VARD with option for two more

Norwegian shipping group Island Offshore has awarded compatriot shipbuilder VARD with a contract to design and construct one hybrid power ocean energy construction vessel (OECV) and has also agreed on an option for two more vessels. In 2020-2021, Island Offshore, whose 19-vessel fleet operates in th

about 2 years ago
Visualization of the future power corridor of Black Sea Oil & Gas (BSOG), Romanian Black Sea
Business & Finance

Romanian oil & gas company plans to build 3 GW of offshore wind in Black Sea

Romania’s independent energy company Black Sea Oil & Gas (BSOG) has completed an offshore wind feasibility study of potential areas in the Romanian sector of the Black Sea. Last year, BSOG and its Midia Gas Development (MGD) partners revealed plans to use their existing MGD infrastructure to connect

about 2 years ago
Researchers to work on mega-scale liquid hydrogen storage systems
Business & Finance

Researchers to work on mega-scale liquid hydrogen storage systems

A team of University of Melbourne researchers will work with Australian and international industry partners to develop mega-scale liquid hydrogen storage systems and infrastructure for energy export terminals and vessels.

about 2 years ago
Dorado and West Draco drillships; Source: Pelago Management
Business & Finance

Diamond Offshore taking over marketing rights for two drillships

Diamond Offshore has sealed a deal with Eldorado Drilling to be in charge of marketing rights for two seventh-generation drillships.

about 2 years ago
Dragon LNG
Business & Finance

Shell gets Dutch partner at one of UK’s three LNG terminals

VTTI has put the wheels into motion to join Shell in Dragon LNG, the owner of a major onshore import terminal for the supply of LNG to the UK market.

about 2 years ago