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Business & Finance

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PSV Siem Atlas; Source: Siem Offshore
Business & Finance

Siem vessels get more work with TotalEnergies in Brazil

TotalEnergies EP Brasil has handed out new contracts for two platform supply vessels (PSVs) to Siem Offshore do Brasil.

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

BP and Baker Hughes make headway in monitoring methane emissions from flaring

Baker Hughes has joined forces with BP to bring a new application for the upstream oil and gas sector to life as part of its emissions abatement technology.

about 2 years ago
Transocean Enabler rig; Photo: Transocean
Business & Finance

All systems go for Equinor to use Transocean rig for drilling ops

Equinor has received consent to deploy one of Transocean’s rigs for exploration activities in the Barents Sea.

about 2 years ago
Subsea7 wins 'large' contract for Woodside's deepwater oil field
Business & Finance

Subsea7 wins ‘large’ contract for Woodside’s deepwater oil field

Subsea7 has secured what it describes as a “large” contract with Woodside Energy to deliver subsea installation services for a deepwater oil project in the Gulf of Mexico. The Trion project, which Woodside is developing in partnership with Pemex, involves a wet tree subsea system connected to an inf

about 2 years ago
Johan Sverdrup field in the North Sea; Credit: Arne Reidar Mortensen/Equinor
Business & Finance

Trio snaps up more than $1.75 billion for drilling jobs on Equinor’s 19 offshore oil & gas assets

Equinor has handed out four-year contract extensions to three companies for work on 19 platforms located off the coast of Norway.

about 2 years ago
First turbine delivers power at EOWDC (Aberdeen) offshore wind farm
Business & Finance

Vattenfall scraps hydrogen turbine pilot project

Vattenfall has decided to cancel the Hydrogen Turbine 1 (HT1) project offshore Aberdeen, Scotland, almost two years after the firm began developing it. However, the project helped enable the creation of a regulatory and consenting regime for offshore hydrogen transportation and storage in the UK, ac

about 2 years ago
Fateh compact semi-submersible (CSS); Source: PaxOcean Group
Business & Finance

Singapore shipbuilder hands over new ‘cutting-edge’ vessel destined to work for Shell

PaxOcean Group has delivered a new class of compact semi-submersible (CSS), which will work for Shell off the coast of Brunei.

about 2 years ago
UK-based Tadek Ocean Engineering has created a mooring and cable solution for the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment
Business & Finance

Tadek Ocean Engineering designs mooring and cable solution for wave power subsea project

UK-based Tadek Ocean Engineering has created a mooring and cable solution for the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment. Aberdeen-based Verlume connected Mocean Energy’s Blue X wave energy converter with a Halo underwater ba

about 2 years ago
initiative
Business & Finance

US to pump $450 million into port infrastructure development

The U.S. Department of Transportation’s Maritime Administration (MARAD) has published a notice of funding opportunity (NOFO), making $450 million available for Port Infrastructure Development Program (PIDP).

about 2 years ago
NIB
Business & Finance

NIB co-finances Norled’s low-carbon fleet

The Nordic Investment Bank (NIB) has signed a seven-year loan to co-finance ferry and express boat operator Norled AS’ investments in zero- and low-carbon vessels and related land-based infrastructure in Norway during 2024-2030.

about 2 years ago
Neapolitan firm delivers survey work for 1 GW Italian subsea electricity link
Business & Finance

Neapolitan firm delivers survey work for 1 GW Italian subsea electricity link

Naples-headquartered survey contractor Next Geosolutions (NextGeo) has completed survey works for the east section of the Italian Tyrrhenian Link connecting Sicily with Campania. NextGeo has wrapped up all the pre-installation survey tasks for the Tyrrhenian Link East branch on behalf of Italian cab

about 2 years ago
Biden-Harris administration to back US hydrogen industry with $750 million
Business & Finance

Biden-Harris administration to back US hydrogen industry with $750 million

As part of President Biden’s Investing in America agenda, the U.S. Department of Energy (DOE) has announced $750 million for 52 projects across 24 states to support the hydrogen industry. According to DOE, these projects, funded by the President’s Bipartisan Infrastructure Law, will help advance ele

about 2 years ago
Shell
Business & Finance

How far has Shell’s decarbonization journey gone and what is yet to come?

Shell has reiterated its commitment to halving Scope 1 and 2 emissions from its operations by 2030, compared with 2016 on a net basis.

about 2 years ago
SSEN Transmission renews partnership with BAM and Siemens Energy
Business & Finance

SSEN Transmission renews partnership with BAM and Siemens Energy

SSEN Transmission has renewed its partnership with BAM and Siemens Energy regarding the delivery of onshore transmission infrastructure schemes. BAM and Siemens Energy will support SSEN Transmission in delivering onshore transmission infrastructure schemes, working to help deliver the substations th

about 2 years ago
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