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Business & Finance

Uniper looking into Provaris’ compressed hydrogen carriers for hydrogen import

Australia-based developer of green hydrogen projects Provaris Energy has signed a non-binding memorandum of understanding (MoU) with German energy company Uniper to evaluate the supply of green hydrogen to Germany using Provaris’ compressed hydrogen carriers. Under the MoU, Provaris and Uniper will

about 2 years ago

Deepsea Mira rig; Source: Odfjell Drilling

Business & Finance

More work with TotalEnergies in Africa for semi-submersible rig

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Northern Ocean has landed a contract extension for one of its semi-submersible rigs for activities in West Africa with TotalEnergies.

about 2 years ago

Business & Finance

Sparta on the horizon: Shell sanctions deepwater oil development in US Gulf of Mexico

Shell has made a final investment decision (FID) for a deepwater oil development in the U.S. Gulf of Mexico.

about 2 years ago

Business & Finance

ACWA Power gearing up to develop $4 billion green hydrogen project in Egypt

ACWA Power, a Saudi developer, investor and operator of power generation, water desalination and green hydrogen plants worldwide, has signed a framework agreement on the development of the first phase of a green hydrogen project in Egypt with a capacity of 600,000 tons per year of green ammonia, wit

about 2 years ago

Business & Finance

Island Constructor to pick up next-gen subsea equipment

Island Offshore’s subsea vessel Island Constructor is set to pick up new, next-generation subsea equipment after it completes an assignment in January. Island Constructor, build 279 from Ulstein Verft, will return to the yard in January for a service assignment. The vessel will finish a well service

about 2 years ago

China's first domestically built drillship, named Mengxiang or Dream; Source: CCTV

Business & Finance

WATCH: China’s first ultra-deepwater drillship all set to embark on sea trials

China has tucked a new milestone under its belt by naming its first drillship, which is now ready to kick off its sea trials.

about 2 years ago

Trion FPU concept image; Source: Woodside

Business & Finance

Woodside hands out deal for Gulf of Mexico oil & gas project to Mexican firm

Woodside has hired Mexico’s Eseasa Offshore for the supply of shore base facilities and services to support its oil and gas development project offshore Mexico.

about 2 years ago

Business & Finance

‘Significant milestone’ as DOF performs offshore ROV mission piloted from onshore

Norway’s DOF has performed its first-ever offshore ROV mission piloted from onshore, an operation that the company sees as a significant milestone. “I’m enthusiastic about the successful implementation of ROV remote operations and the positive impact this will have on our company’s future. Going for

about 2 years ago

Courtesy of the European Commission; Credit: Mauro Bottaro

Business & Finance

Eight countries take steps to erase fossil fuels from EU’s power system as ‘ground-breaking’ new law comes to light

Eight European countries – Austria, Belgium, France, Germany, Luxembourg, the Netherlands, Switzerland, and Lithuania – have made commitments that put them en route to fossil-free power by 2035.

about 2 years ago

Business & Finance

Project developing new floating structures for offshore renewables gets €2.5M grant

The WECHULL+ project has received a €2.5 million grant to develop new floating structures of high-performance concrete expected to reduce cost and CO2 footprint and improve circularity and reliability in the offshore renewable energy sector. The WECHULL+ project received the grant from the EU Clean

about 2 years ago

Business & Finance

ADNOC scores first long-term LNG deal from low-carbon Ruwais project

UAE’s Abu Dhabi National Oil Company (ADNOC) has signed a long-term heads of agreement with ENN LNG, a wholly-owned subsidiary of ENN Natural Gas, for the delivery of at least 1 million metric tons per annum (mmtpa) of LNG primarily sourced from its low-carbon Ruwais LNG project, currently under dev

about 2 years ago

Business & Finance

Höegh Autoliners taps VARO for biofuels supply

Ocean transportation solutions provider Höegh Autoliners and Swiss energy company VARO have formed a strategic partnership focused on the use of biofuels to advance the decarbonization of the maritime sector. The collaboration will see VARO supply Höegh Autoliners with 100% advanced biofuels for dee

about 2 years ago

Business & Finance

With oil spill all sorted out, Aker BP’s North Sea field back online after unplanned downtime

Aker BP has restored production at a field located in the central part of the North Sea, close to the British sector.

about 2 years ago

Business & Finance

With Red Sea ensnared in security woes, ten nations come together to untangle it, after BP pumps the brakes on oil & gas trade

While Yemen’s Huthis intensify their attacks on vessels in the Red Sea, multiple nations bond together to tackle these security concerns.

about 2 years ago