Business & Finance
HUB Ocean, Mærsk Mc-Kinney Møller Center form knowledge partnership
HUB Ocean, a Norway-based center dedicated to sharing ocean data, and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have signed a Knowledge Partnership Agreement. HUB Ocean is an independent, non-profit tech foundation that invests considerable resources into unlocking ocean data. Its flags
Yara Clean Ammonia to use Amogy’s ammonia-to-power system in shipping projects
Brooklyn-based technology startup Amogy has signed a collaboration agreement with Yara Clean Ammonia (YCA), a decarbonization-focused subsidiary of global ammonia producer, Yara International ASA. Under the memorandum of understanding (MOU), Yara will consider Amogy’s ammonia-to-power system as a ze
Investment decision for Barents Sea project postponed amid cost growth in supply industry
Equinor and its Wisting project partners have decided to postpone the investment decision scheduled for December 2022.
Green light for Aker BP to kick off North Sea drilling ops with Saipem rig
Aker BP has secured two types of permits from Norwegian authorities for drilling operations in the North Sea off Norway.
Stena and OljOla to build methanol bunkering vessel for North Europe
Swedish companies Stena Oil, Stena Teknik and OljOla have entered into a joint venture agreement to build a bunker supply vessel designed to carry chemicals as per IMO Type II, including methanol and various bio-fuels. “It is our greatest pleasure to inform that through the close cooperation between
ExxonMobil eyes another FPSO order with SBM Offshore
ExxonMobil plans to order another floating production storage and offloading (FPSO) vessel for a project in Guyana from SBM Offshore.
Skarv Shipping to build four multi-fuel shortsea bulkers
Grieg Edge, the innovation hub of Norwegian shipping group Grieg Star, has teamed up with compatriot Peak Group AS to establish a joint venture named Skarv Shipping Solutions. The JV founders said that the company aims to help ship and cargo owners reduce their emissions of greenhouse gases and reac
Dana enters North Sea acreage close to giant Buzzard field
Finder Energy has signed farm-out agreements to assign a 40 per cent interest in three licences located in the UK North Sea to Dana Petroleum.
BP takes the stage at Offshore Energy Exhibition & Conference
BP is joining this year’s Offshore Energy Exhibition & Conference (OEEC) in Amsterdam as the sponsor of The Stage and one of its participants. In three weeks, this open stage on the exhibition floor will put a spotlight on a variety of aspects from the offshore energy sector, from market insights to
Erik Thun’s dual-fuel product tanker starts taking shape
China Merchants Jinling Shipyard in Yangzhou has cut steel for Erik Thun’s Vinga series dual-fuel product tanker ordered in March this year. The 17,999 dwt vessel is a sister to Thun Venern, and it is the latest contribution to the “Vinga-series” of nine previous sister vessels, all trading within t
Rovco partners with HOM for wind work offshore Japan
UK-based Rovco and Horizon Ocean Management (HOM) have signed a memorandum of understanding (MoU) for through-life subsea asset integrity and balance of plant survey solutions for the Japanese offshore wind market. The agreement will see both parties work together to analyse the Japanese offshore wi
France to bankroll development of zero-emission ships with €300 mln, backed by $200 mln from CMA CGM
France plans to assign € 300 million in public funding to help catalyze the decarbonization of its shipping sector and the development of zero-emission vessels. The move was announced by the French secretary of state in charge of maritime affairs, Hervé Berville at a conference held in Lille on Tues
Ofgem: FAB Link retains cap and floor regime in principle
FAB Link, an interconnector that will link Great Britain and France, is retaining its cap and floor regime in principle, Ofgem announced following the needs case reassessment for the project. The FAB Link project, being jointly developed by FAB Link Limited and Réseau de Transport d’Électricité (RTE
SIMEC Atlantis appoints MeyGen chief as tidal power project makes progress
SIMEC Atlantis Energy has made ‘good progress’ in the delivery of its commercial-scale tidal energy array at MeyGen site in Scotland.