Fugro’s revenue for the third quarter of 2023 is €608.9 million, an increase from €480.2 million reported in the same quarter of 2022 – a result said to be due to better contracting conditions, high activity levels and good project execution. Fugro reported that its revenue was up by 32.6% on a curr
Havila Shipping has sold three vessels – one platform supply vessel (PSV) and two anchor handling tug supply (AHTS) ones – following demands from lenders, and in accordance with its current restructuring agreement.
Hong Kong-based ship manager Wallem Group has welcomed into its fleet two dual-fuel vessels, Angleviken and Askviken over the past few months. The two 110,000 dwt LR2 tankers, delivered by Guangzhou Shipyard International, are owned by Viken Shipping from Norway. They can run on both heavy fuel oil
Equinor has inked a new supply agreement for natural gas with RWE, which is expected to aid in bolstering Germany’s energy security.
European Commission (EC) President Ursula von der Leyen and President of Namibia Hage Geingob have endorsed the roadmap for the EU–Namibia strategic partnership on sustainable raw materials value chains and renewable hydrogen, supported by €1 billion in investments by the EU, its member states and E
Petronas has signed a late life asset PSC with Ping Petroleum for a cluster of three developed fields offshore Peninsular Malaysia.
Kongsberg Discovery has commenced an extensive program of sea trials for its new long-range autonomous underwater vehicle (AUV) Hugin Endurance. Measuring approximately 11 meters in length, with a diameter of 1.2 meters and weighing around 8,000 kg, Hugin Endurance is said to be the largest member o
UK-based wind propulsion company Anemoi Marine Technologies has entered into a joint design cooperation deal with Chinese shipbuilder Hudong-Zhonghua Shipbuilding Group for the design of rotor sails onboard two LNG carrier newbuildings. The deal was signed on 26 October between Nick Contopoulos, Chi
North Sea Transition Authority (NSTA) has awarded 27 licenses in areas with the potential to go into production more quickly than others to bolster Britain’s energy security.
The Dutch government has launched a sweeping maritime manufacturing industrial policy in collaboration with the maritime sector, aimed at driving the transition to cleaner energy and ensuring economic and military security. The effort, unveiled in Rotterdam on October 26, sets the stage for a joint
Fortescue, a global green energy, metals and technology company, has invested close to NOK 100 million ($8.9 million) to become a shareholder in Norwegian Hydrogen. The investment will see Fortescue acquire a 12.5% ownership interest in Norwegian Hydrogen, becoming the third largest shareholder. For
According to news agency Reuters, energy major Shell will cut at least 15% of the workforce at its low-carbon solutions division and scale back its hydrogen business as part of CEO Wael Sawan’s drive to boost profits. The staff cuts and organizational changes come after Sawan, appointed as CEO in Ja
The incidents that caused damage to the Balticconnector gas pipeline and telecom cables between Estonia, Finland, and Sweden are related, according to Estonian Prime Minister Kaja Kallas. Kallas met with Finnish Prime Minister Petteri Orpo and Swedish Prime Minister Ulf Kristersson in Brussels yeste
The floating production storage and offloading unit (FPSO) Almirante Barroso, deployed at Petrobras’ deepwater oil field in the Santos Basin offshore Brazil, has reached full production in record time. The FPSO, which operates in the Búzios field in the pre-salt layer of the Santos Basin, reached fu
