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Business & Finance

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Rig 141 jack-up rig; Source: Shelf Drilling
Business & Finance

Two more years for Shelf Drilling’s 42-year-old jack-up rig in Gulf of Suez

Shelf Drilling has won a contract extension for a jack-up rig working on an assignment in the Gulf of Suez off the coast of Egypt.

about 2 years ago
Shell worker in the uniform
Business & Finance

New milestone for Shell thanks to its ‘longest’ USV deployment foray for pipeline route survey

The Shell Petroleum Development Company of Nigeria (SPDC), a subsidiary of Britain’s energy giant Shell, has launched an uncrewed surface vessel (USV) for a pipeline route survey in the Niger Delta. According to the company, the USV innovation offers time and cost savings while minimizing personnel

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

Prysmian, Hitachi Energy, and BAM pen deals for UK’s ‘largest’ subsea green electricity superhighway

Prysmian, Hitachi Energy, and BAM have inked contracts for cable and converter stations destined for a HVDC cable connection in the UK.

about 2 years ago
MOL wraps up acquisition of Fairfield Chemical Carriers for $400M
Business & Finance

MOL wraps up acquisition of Fairfield Chemical Carriers for $400M

Chemical tanker operator MOL Chemical Tankers, a subsidiary of Japanese shipping major Mitsui O.S.K. Lines (MOL), has completed the acquisition of all shares of Fairfield Chemical Carriers (FCC), a chemical tanker service company based in the US.

about 2 years ago
Illustration; Source: National Grid
Business & Finance

Harnessing North Sea power for net zero future with provisional green light for two UK subsea cable links to Europe

Ofgem has recommended for approval plans for two high-voltage cable links to Europe, which have the potential to power millions of homes.

about 2 years ago
SolarDuck and the world's largest offshore floating solar power plant
Business & Finance

Project to develop world’s largest offshore floating solar power plant takes off

The consortium behind the Nautical SUNRISE project has started work to develop the world’s largest offshore floating solar power installation. The €8.4 million project, supported by €6.8 million of the Horizon Europe program, started in December 2023 to execute research and development on offshore f

about 2 years ago
FPSO Armada Sterling V; Source: Shapoorji Pallonji Energy (SP Energy)
Business & Finance

First crude oil offtake from new FPSO represents ‘historic achievement in India’s energy sector’

ONGC has held a flag-off ceremony for the first crude oil offtake from an FPSO, which is working off India’s east coast.

about 2 years ago
Canada backs World Energy GH2’s green hydrogen project with $95M
Business & Finance

Canada backs World Energy GH2’s green hydrogen project with $95M

The Government of Canada has agreed to support the development of Project Nujio’qonik, the country’s first commercial-scale green hydrogen/ammonia facility on the west coast of Newfoundland and Labrador. To this end, World Energy GH2, the developer of Project Nujio’qonik, and Export Development Cana

about 2 years ago
Veer
Business & Finance

Veer to pick shipyard for first 100% zero-emission ocean-going boxship

The Bahamas-based maritime startup Veer is one step closer to deploying the first clean containership to cross an ocean as it will soon select a shipyard to commence the construction process.

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

NKT put in charge of monitoring 50Hertz’s onshore and offshore power cable systems

NKT has been hired on a framework agreement to provide cable monitoring solutions for 50Hertz’s existing and future cable systems.

about 2 years ago
FPSO Baobab Ivoirien MV10; Source: Svenska
Business & Finance

US firm expanding African offshore oil portfolio with new acquisition

Vaalco Energy is buying Sweden’s Svenska Petroleum Exploration, enabling it to boost its asset collection with an offshore block in Côte d’Ivoire, West Africa.

about 2 years ago
Yara to receive green ammonia from Oman under new deal with ACME
Business & Finance

Yara to receive green ammonia from Oman under new deal with ACME

Norwegian ammonia trade and shipping company Yara and Indian renewable energy company ACME have signed a long-term firm and binding agreement for the supply of ammonia produced in Oman with reduced CO2 emissions. According to Yara, the agreement is the result of 18-month negotiations during which th

about 2 years ago
ALP Winger; Source: ALP Maritime
Business & Finance

Altera offloads towage business to focus on FPSO, shuttle tanker, and CCS ops

Altera Infrastructure has disposed of ALP Maritime Group, a Dutch provider of ocean towing, offshore positioning and mooring of floating platforms, heavy transport, and salvage operations.

about 2 years ago
Submarine cable installation of EstLink 2 in November 2012 in Finland; Source: Fingrid
Business & Finance

Cable fault site found but Finland-Estonia electricity interconnection months away from coming back online

Elering has confirmed the detection of the fault location in Estonia and the duration of the out-of-service period for EstLink 2.

about 2 years ago
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