Business & Finance
Ocean Yield opts for another methanol-ready boxship
Norwegian shipowning company Ocean Yield AS is buying another methanol-ready boxship newbuilding for long-term charter.
Red alert for EU: How can Europe prevent a major gas crunch?
Amid the global energy crisis, coordinated actions across the EU are essential to prevent a major gas crunch, says the IEA boss.
Island Drilling’s rig gets started on its next gig
Island Drilling has completed its work with Dana Petroleum on the UKCS and moved to its next assignment in the UK North Sea.
SEE MONSTER embarks on its transformation prior to opening doors in August – gallery
After arriving at its new home, a decommissioned North Sea platform is about to start its transformation into a public art installation.
SeaBird’s Petrel Explorer to exit offshore industry after sale
Green Energy Group (SeaBird Exploration) has entered into a binding agreement with an undisclosed party to sell the seismic research vessel Petrel Explorer. The sale, expected to be completed in about four weeks, will see the vessel leave the offshore industry. Green Energy Group did not disclose an
Prysmian to deliver two subsea power interconnections in Spain
Prysmian has won two contracts worth approximately €250 million from Spanish transmission system operator (TSO) Red Eléctrica for the development of two submarine power interconnections in Spain. Prysmian is in charge of the design, supply, installation and commissioning of the subsea power cable fo
Corvus Energy, Yaskawa/The Switch team up to improve marine battery systems
Finnish power electronics specialist Yaskawa Environmental Energy/The Switch has joined forces with Norway-based maritime energy storage system manufacturer (ESS) to continue the development of its smart battery short-circuit limiter (BSCL) protection device for large-scale battery solutions and adv
In focus: Are oil & gas plays truly becoming a thing of the past or are we not there yet?
Worldwide dependence on oil and gas has been in evidence ever since the Ukraine crisis started, casting doubt over the pace and the lengths the world is prepared to go to in order to embrace decarbonisation. While the shift to green energy investments is undoubtedly both necessary and inevitable, th
‘Disorderly’ energy transition looms with rising coal demand and high gas prices, says WoodMac
WoodMac: As plans for renewables stall, Asia’s decarbonisation ambition does not match reality amid rising coal demand and high gas prices.
UK firm collects $128 million in new deals with headcount increase on the horizon
EnerMech has secured new contract awards worth over $126 million in Africa, Caspian and the Middle East, spurring further headcount increase.
Final test and assembly of Bombora’s mWave underway
Bombora Wave Power has begun the final test and assembly phase of its mWave device, said to be the world’s most powerful wave energy converter (WEC).
Deutsche Bank to support Botas in LNG purchases
German investment bank Deutsche Bank and Turkish state-owned LNG company Botas have finalised a $927 million three-year loan for LNG purchases.
UK firm invests millions in new facility to support North Sea oil & gas industry
Aberdeen-based safety equipment manufacturer Dräger Marine & Offshore has revealed a multi-million-pound investment in a new facility.
Contractors win FEED job for UK’s power station with carbon capture
Worley, Mitsubishi Heavy Industries Group and Tecnicas Reunidas will be pooling resources for SSE Thermal and Equinor’s project in Peterhead.