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Business & Finance

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ACME and IHI pen green ammonia supply deal
Business & Finance

ACME and IHI pen green ammonia supply deal

India’s ACME Group and Japan’s IHI Corporation have signed an offtake term sheet for the supply of green ammonia from India to Japan. The term sheet covers the supply of 0.4 MMTPA of green ammonia from Phase-1 of the Odisha project on a long-term basis, ACME said, noting that both companies wish to

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

Petronas, Shell, Inpex, Pertamina, and Jadestone among winners of Malaysian offshore blocks

Malaysia has awarded PSCs for six exploration blocks and one discovered resource opportunities (DRO) cluster in MBR 2023.

about 2 years ago
Floating solar poised to play 'critical role' in land-lacking Southeast Asia
Business & Finance

Floating solar poised to play ‘critical role’ in land-lacking Southeast Asia

With a lack of suitable sites for onshore solar farms intensifying the need for innovative solutions, floating solar is expected to play a key role in Southeast Asia’s solar expansion, according to Rystad Energy research. Solar photovoltaic (PV) capacity additions are poised to be a central pillar o

about 2 years ago
Glomar worker, Rovco grows fleet with new survey vessel
Business & Finance

In response to client demand, Rovco grows fleet with new survey vessel

UK-based Rovco has added a second hull-mounted survey vessel to its fleet, a move said to come in response to client demand for geophysical and geotechnical survey solutions. Rovco has entered into a four-year charter agreement with Glomar for the DP2 vessel Glomar Worker. “We are delighted with our

about 2 years ago
FPSO Bacalhau; Source: Equinor
Business & Finance

With departure of FPSO modules, Aibel wraps up its ‘largest’ Thai project

Modules, made by Norway’s Aibel, for a floating, production, storage, and offloading (FPSO) vessel are on their way to Singapore.

about 2 years ago
First Boskalis vessel going greener with battery pack
Business & Finance

Diving support vessel first in Boskalis fleet to go greener with battery pack

Dutch Boskalis has installed a new energy storage system on board its diving support vessel (DSV) BOKA Atlantis as part of the efforts to make its fleet more sustainable. Boskalis reported that a set of powerful batteries was recently installed on board BOKA Atlantis along the quay of the Boskalis S

about 2 years ago
FPSO Cidade de Itajaí; Source: Altera Infrastructure
Business & Finance

Well intervention ops on the cards to bring Brazilian offshore well back online

Karoon Energy is working on sorting out the issues impeding the restart of production from a well located on a field in the Santos Basin offshore Brazil.

about 2 years ago
Nand Lal Sharma, chairman and managing director of SJVN (Courtesy of SJVN)
Business & Finance

India’s state-owned company looking to develop floating solar on four dams

SJVN Green Energy (SGEL), part of India’s state-owned power company SJVN, has submitted a proposal to the Goa state government for the development of four floating solar power plants. With an estimated investment of around INR 1300 Crore (approximately $156.4 million), this project aims to produce 1

about 2 years ago
Sleipner; Credit: Oyvind Gravas Bo B Randulff/Equinor
Business & Finance

Kongsberg put in charge of life cycle simulator project at Equinor’s North Sea gas field

Equinor has handed out a two-year life cycle simulator project to Kongsberg Digital for a gas field in the North Sea off the coast of Norway.

about 2 years ago
First steel cut for new Nexans cable-layer
Business & Finance

First steel cut for new Nexans cable-layer

Ulstein Verft and Nexans have cut the first steel for Nexans’ new cable-laying vessel (CLV), four months after signing the shipbuilding contract. On January 19, on the day four months after signing the shipbuilding contract, Nexans Marine Operations and Ulstein Verft celebrated the start of the cons

about 2 years ago
ABB
Business & Finance

ABB strengthens ship route optimization offer with DTN buy

Switzerland-based technology company ABB has entered into an agreement to acquire the shipping business of DTN Europe BV and DTN Philippines Inc. (DTN Shipping), expanding the company’s offering in maritime software.

about 2 years ago
Clair Ridge platform; Source: BP
Business & Finance

Strike action threatens to engulf workers on multiple offshore platforms in UK waters

The offshore workers are pondering whether to go on a strike in a bid to improve their work-life balance.

about 2 years ago
Shenandoah FPS concept; Source: Navitas
Business & Finance

As US firm lands Gulf of Mexico FPS commissioning gig, first oil still on track for late 2024

Gate Energy has tucked a commissioning execution contract under its belt for the U.S. portion of an FPS project destined for a field in the Gulf of Mexico.

about 2 years ago
ACE platform on ACG field; Source: BP
Business & Finance

BP embarks on its ‘largest-ever’ seismic program at supergiant oilfield

BP has set a major four-dimensional (4D) high-definition ocean bottom node seismic program in motion at its giant oilfield in the Caspian Sea off the coast of Azerbaijan.

about 2 years ago
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