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Business & Finance

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FPSO Errea Wittu concept; Source: ABB
Business & Finance

MODEC opts to equip Guyana-bound FPSO with Norwegian firm’s compressor system

TMC Compressors has won a deal with MODEC to deliver a large-capacity marine compressed air system on board an FPSO destined for Guyana.

about 2 years ago
A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage pot
Business & Finance

PGS, TGS, and SLB working to asses carbon storage potential in Malaysian basin

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A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage potential across the Penyu Basin area in Malaysia.

about 2 years ago
Illustration; Source: FortisBC
Business & Finance

‘First-of-its-kind’ Canadian LNG facility gets environmental clearance

British Columbia has approved a project envisioned to enable trans-oceanic vessels to refuel with LNG at the Port of Vancouver.

about 2 years ago
Ulstein CEO to take the helm at Vard
Business & Finance

Ulstein CEO to take the helm at Vard

Norwegian ship designer and shipbuilder Vard, part of Fincantieri, has appointed the current chief executive officer (CEO) of compatriot shipbuilder and designer Ulstein Group as its new CEO. Cathrine Kristiseter Marti, who will take over as the new CEO of Vard starting June 1, 2024, comes from the

about 2 years ago
HMM to collaborate with SIPG on clean marine fuel supply
Business & Finance

HMM to collaborate with SIPG on clean marine fuel supply

HMM and Shanghai International Port Group (SIPG) have inked an MoU to collaborate on clean marine fuel supply, specifically methanol and LNG.

about 2 years ago
Tyra II; Source: TotalEnergies
Business & Finance

First gas supplies from TotalEnergies’ mega North Sea project reach Denmark

The first gas supplies exported by the Tyra hub have reached the onshore facilities in Nybro, Denmark, to be distributed to the consumers.

about 2 years ago
Thai national oil & gas company sets another CCS deal into motion
Business & Finance

Thai national oil & gas company sets another CCS deal into motion

Thailand’s national oil and gas company PTT Exploration and Production (PTTEP) and Thai public university Kasetsart University have signed a memorandum of understanding (MoU) focused on carbon capture and storage (CCS) technology, among other things. The collaboration aims to carry out research stud

about 2 years ago
Yara Clean Ammonia appoints new CEO to spearhead ‘rapidly growing’ business
Business & Finance

Yara Clean Ammonia appoints new CEO to spearhead ‘rapidly growing’ business

Oslo-headquartered Yara Clean Ammonia has appointed Hans Olav Raen as the new Chief Executive Officer (CEO), effective May 1, 2024.

about 2 years ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Business & Finance

Eco Wave Power’s ‘significant milestones’ keep optimism for future energy project opportunities alive

Eco Wave Power is among the companies that felt the impact of the unpredictability surrounding the economy in 2023.

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business & Finance

Dana Petroleum joins Shell and Deltic as partner in North Sea asset

Deltic Energy has wrapped up the sale of a partial stake in a Shell-operated license, containing a prospect, which will be drilled this summer.

about 2 years ago
Dyna-Mac's yard in Singapore; Source: Dyna-Mac
Business & Finance

Singapore player cheers ‘largest-ever contract win’ in its history

Singapore-based offshore builder Dyna-Mac has tucked a mega contract award under its belt for the construction of process modules.

about 2 years ago
Deal signed for new hydrogen industry cluster in South Korea
Business & Finance

Deal signed for new hydrogen industry cluster in South Korea

South Korean province Jeollanam-do has signed an investment memorandum of understanding (MoU) with five companies to create a hydrogen industry cluster in Myodo, Yeosu.

about 2 years ago
West Libra & West Aquila drillships; Source: Northern Drilling
Business & Finance

Pursuit of appeal for arbitration ruling regarding two canceled drillships hits a wall

Northern Drilling is contemplating its next steps after its attempts to appeal the court’s arbitration ruling related to canceled orders for two drillships with a South Korean shipbuilder came to naught.

about 2 years ago
KFW IPEX-Bank
Business & Finance

KfW IPEX-Bank funds C. Armateurs’ eco-friendly bulkers

Germany’s KfW IPEX-Bank has decided to support the fleet modernization of Switzerland-based shipping group C. Armateurs, part of the Cobelfret group, with a financing of €42 million.

about 2 years ago