Business & Finance
Is third time the charm for a drillship that previous owners cancelled twice?
Transocean has set the wheels into motion to acquire an interest in a newbuild drillship, after entering into a new joint venture.
Sweden: Nord Stream incident caused by ‘gross sabotage’
An investigation has shown that explosions that damaged the Nord Stream gas pipelines in late September were caused by “gross sabotage”, Swedish authorities announced. Swedish prosecutor Mats Ljungqvist, who is leading the ongoing preliminary investigation at the Nord Stream 1 and 2 pipelines, said
Aker Solutions secures more Johan Sverdrup work
Aker Solutions has been awarded an extension for maintenance and modification work on the Johan Sverdrup field in the North Sea off Norway.
Norwegians developing methanol-powered cable installation vessel
Oslo-headquartered Cecon Contracting and its partners have entered into an agreement for the construction of a cable installation vessel that will feature a methanol dual fuel system and a battery pack. The vessel will be built by the Sefine Shipyard in Türkiye, while NSK Ship Design is in charge of
Hapag-Lloyd to digitize its berth alignment operations with Portchain
German liner major Hapag-Lloyd has signed a 5-year global partnership with Portchain, a Danish startup focusing on digitizing operations in the container shipping sector. Under the contract, Hapag-Lloyd will deploy Portchain Connect platform across its global operations and digitize the berth alignm
CorPower Ocean completes C4 wave energy system assembly in Portugal
CorPower Ocean has completed the system integration of its first commercial scale wave energy converter, the CorPower C4.
BIMCO’s CII clause says time charterers should bare the brunt of ships’ emissions
BIMCO, the world’s largest international shipping association, has adopted a CII Operations Clause for Time Charter Parties which aims to help the industry implement new carbon intensity requirements from the International Maritime Organization (IMO). The regulations on the carbon intensity of inter
ZEUS becomes RINA’s 1st ship capable of running on hydrogen
A prototype ship named ZEUS (Zero Emission Ultimate Ship) with hybrid propulsion has been classed by the Italian classification society RINA, becoming its first ship capable of running on hydrogen. The vessel was developed as part of the research project named Technologies with Low Environmental Imp
Netherlands boosts industry consortium with €7.8M for offshore floating solar development
Dutch-Norwegian company SolarDuck and its consortium partners have received a €7.8 million project subsidy from the Netherlands Enterprise Agency (RVO) to develop, test and validate the Merganser floating solar energy platform in harsh North Sea weather conditions.
Morocco-UK power link attracts new investor
Conenergy, a Germany-based investor in the European energy industry, has joined the Xlinks Morocco-UK Power Project with a multi-million-pound investment. Xlinks and Conenergy have entered into a financial and strategic partnership to collaborate on the link that will offer an exclusive supply of re
Verlume rebrands energy management system and sets up new product manager role
Verlume, a specialist in clean energy system integration, intelligent energy management and energy storage, has appointed Robert Heron to the new role of product manager to help position the business for growth at scale.
Contractor chosen for BP’s compression platform project in Caspian Sea
A joint venture between KBR and SOCAR has been awarded a contract by BP for the delivery of an unmanned compression platform in Azerbaijan.
Subsea unit causes slight drop for Subsea 7 figures
Subsea 7 has reported a revenue of $1.4 billion for the third quarter of 2022, a decrease of $47 million or 3% compared to Q3 2021, mainly due to a drop in revenue in the Subsea and Conventional business unit. Revenue for the third quarter of the Subsea and Conventional unit was $990 million, a [&he
UK offshore workers down tools over pay dispute
UK’s Unite the union has confirmed that around 146 offshore workers have opted to take strike action due to a dispute over pay and benefits.