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Business & Finance

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WaveBeat wave energy device at the Port of Tanger-Med in Morocco (Courtesy of ATAREC)
Business & Finance

Interview: Moroccan start-up set to transform power supply of ports with wave energy

Born from the vision of two engineers, the Moroccan start-up Advanced Third Age Renewable Energies Company (ATAREC) has set its sights on exploiting the vast wave energy potential that exists around port breakwaters and other infrastructures exposed to sea, with its full-scale demonstrator already d

about 2 years ago
Artemis Technologies
Business & Finance

Artemis Technologies: Electric foiling boats ready to go global

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UK-based maritime design and applied technologies company Artemis Technologies is taking Northern Ireland’s maritime capabilities into an exciting new era as it brings its ‘flying’ electric foiling boats to international markets with £2 million (about $2.5 million) backing from financial services co

about 2 years ago
Yinson Production's FPSO Atlanta during the naming ceremony in Dubai, UAE; Source: Yinson Production
Business & Finance

New addition to Yinson Production’s FPSO fleet named at Dubai Drydocks World – gallery

Yinson Production has held a naming ceremony at Dubai Drydocks World for an FPSO, destined to work at Enauta’s field off the coast of Brazil.

about 2 years ago
SSE Thermal becomes joint owner of Kellas’ blue hydrogen project in Teesside
Business & Finance

SSE Thermal becomes joint owner of Kellas’ blue hydrogen project in Teesside

SSE Thermal, an operator of energy storage assets, has acquired a 50% stake in H2NorthEast, a blue hydrogen project being developed by Aberdeen-based energy infrastructure company Kellas Midstream in Teesside, UK. By acquiring a 50% stake, SSE Thermal has become a joint owner of the project. Through

about 2 years ago
Samskip
Business & Finance

Eurazeo backs Samskip’s hydrogen-powered newbuilds with €22.5 million investment

Dutch logistics company Samskip Group has secured financing for its zero-emission short-sea container vessel through a strategic partnership with Eurazeo and Ness, Risan & Partners (NRP). The €22.5 million funding, part of the Eurazeo Sustainable Maritime Infrastructure (ESMI) fund, marks the fifth

about 2 years ago
Baker Hughes and Chevron enter 20-year framework agreement
Business & Finance

Baker Hughes and Chevron enter 20-year framework agreement

Baker Hughes has entered into a 20-year framework agreement with Chevron Australia for the supply of subsea production systems. Baker Hughes will offer its Aptara subsea production systems for Chevron Australia’s future offshore developments. According to the company, the Aptara suite is an array of

about 2 years ago
Large-scale Dutch CO2 storage project passes to next phase
Business & Finance

Large-scale Dutch CO2 storage project passes to next phase

Neptune Energy and its partners EBN, Tenaz Energy and ExxonMobil Netherlands CCS have progressed their large-scale CO2 storage project offshore the Netherlands to the next phase. L10CCS, to be connected to the Aramis CO2 transport and storage initiative in the Dutch part of the North Sea, has entere

about 2 years ago
Transocean Norge; Source: Transocean
Business & Finance

Wintershall Dea’s appraisal well corroborates size of oil & gas discoveries, pushing them closer to development stage

Wintershall Dea has completed the drilling of an appraisal well in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

about 2 years ago
PSV Skandi Captain; Source: DOF
Business & Finance

DOF downsizes its fleet by selling one of its vessels

DOF Rederi, a fully owned subsidiary of Norway’s vessel owner DOF Group, is in the process of divesting one of its platform supply vessels (PSVs).

about 2 years ago
Transocean Barents sixth-generation semi-submersible drilling rig; Source: Transocean
Business & Finance

After Transocean, Halliburton snaps up multi-million job on giant gas project in Black Sea

OMV Petrom has picked Halliburton Romania, a subsidiary of the U.S.-based Halliburton, has been picked for integrated drilling services.

about 2 years ago
Equinor keeps Reach Subsea busy offshore Brazil
Business & Finance

Equinor keeps Reach Subsea busy offshore Brazil

Norway-headquartered Reach Subsea is set to begin work for Equinor offshore Brazil this month, using the subsea vessel Havila Subsea. Reach Subsea has together with its Brazilian partner OceanPact received a notice of contract award from Equinor for combined light construction, inspection, maintenan

about 2 years ago
£1 billion contract awarded for UK subsea electricity superhighway2
Business & Finance

£1 billion contract awarded for UK subsea electricity superhighway

A few months after having been selected as the preferred suppliers, the consortium of GE Vernova’s Grid Solutions business and MYTILINEOS Energy & Metals has secured a £1 billion contract to deliver the HVDC converter stations for the 2 GW Eastern Green Link 1 (EGL1) subsea electricity superhighway

about 2 years ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

Transocean rig lands new multi-million gig in Black Sea

Transocean has tucked a new deal under its belt with OMV Petrom for one of its semi-submersibles, which will see the rig move to work in the Black Sea.

about 2 years ago
Illustration/OPT’s PowerBuoy (Courtesy of OPT)
Business & Finance

OPT secures $6.5M contract for its PowerBuoys with US government

US-based company Ocean Power Technologies (OPT) has secured a letter contract with a $6.5 million ceiling for its wave-powered buoys to bolster maritime domain awareness for us government agencies.

about 2 years ago