Business & Finance
Equinor picks contractor for work on its gas project in Norwegian Sea
Equinor has awarded a new contract to Aibel for extensive modifications and preparation of a platform for a tie-in of another gas field.
ABB to equip 10 COSCO Shipping’s boxships with shaft generators
Swiss-based technology developer ABB has secured a breakthrough contract with the shipyard COSCO Shipping Heavy Industry (Yangzhou) to equip ten China COSCO Shipping Corporation Limited’s container vessels with its permanent magnet shaft generator systems. Due for delivery by the end of 2025, the or
Finnish green energy producer bags R&D funding for hydrogen and ammonia
Green NortH2 Energy, a pioneer of green ammonia production in Finland, has won R&D funding from Business Finland, a public organisation under the Finnish Ministry of Employment and the Economy. Green NortH2 Energy has been granted €2.3 million in research and development funding that will be used in
Petrofac boss handing over the reins to member of McDermott’s exec committee
Petrofac has picked a member of McDermott’s executive committee to replace its current group chief executive, who will step down next year.
Maersk settles sexual assault litigation with former midshipman
Maersk Line Limited (MLL), a wholly-owned subsidiary of A.P. Moller – Maersk, has settled litigation with Hope Hicks, a former midshipman on the Maersk Line’s ship Alliance Fairfax, filed against the company in New York Supreme Court in June for sexual assault and harassment during her cadet Sea Yea
World’s first: Port of Antwerp-Bruges 1st methanol tug gets fitted with engines
The conversion of a Port of Antwerp-Bruges tug to methanol has officially been launched at the beginning of this week with the first engine installed on Monday, November 21. The second dual-fuel engine is set to be installed next week enabling the vessel to run both on methanol and conventional fuel
More rigs exiting North Sea next year, despite semi-sub activity picking up in 2022, says Westwood
Despite the uptick in utilisation and award activity for the North Sea semi-submersibles, Westwood said the demand outlook for 2023 is low.
RWE Renewables, TotalEnergies, Van Oord and Damen to gather at offshore wind conference session during OEEC 2022
Can developers, offshore construction companies, and shipbuilders map a road for the offshore wind sector to reach massive capacity targets while avoiding bottlenecks caused by vessel shortages and port over-capacitation? But also, are some of these challenges in the industry providing opportunities
Odfjell: Boost in oil & gas investments to ramp up drilling activity as market strengthens
Odfjell Drilling is seeing an increase in demand for offshore rigs with average utilisation of 97.1 per cent for its own fleet.
With no more rigs in its fleet, UK player transferring to Euronext Growth Oslo
UK-based offshore drilling contractor Awilco Drilling has decided to transfer from the Oslo Stock Exchange to Euronext Growth Oslo.
Meyer Werft cuts steel for LNG and fuel-cell powered Silver Ray
German shipbuilder Meyer Werft has started production of the cruise ship Silver Ray for Silversea Cruises hosting a symbolic steel-cutting ceremony in Papenburg on Wednesday, November 23. The cruise vessel will feature an innovative propulsion system aiming to provide sustainable travel. The Nova-cl
Watch: James Fisher takes delivery of 1st of two LNG dual-fuel tankers
British provider of marine engineering services James Fisher has welcomed MV Sir John Fisher, the first of two 6,000 dwt LNG dual-fuel tankers, to its fleet at a delivery ceremony held on November 21. Built and launched at China Merchants Jinling (CMJL) shipyard in Yangzhou, China, the dual-fuel tan
Klaveness Digital, ZeroLab roll out emissions monitoring solution for dry bulk shipping
Norwegian technology company Klaveness Digital has teamed up with ZeroLab, Torvald Klaveness’ subsidiary, on an emissions monitoring solution that is measuring emissions from global dry bulk shipping. The monitoring solution was recently added as a service to the CargoValue platform, a Software as a
Maersk’s Christiansen: It will be the end of decade before we can see some scaling-up of ammonia
Morten Bo Christiansen, Vice President of Decarbonization for AP Moller Maersk shares his views on the challenges concerning uptake of ammonia and why methanol is the best solution for Maersk right now. He added that Maersk is evaluating over 30 projects aimed at developing green fuels.