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Business & Finance

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Angolan FPSO to pilot CCS plant on board
Business & Finance

Angolan FPSO to pilot CCS plant on board

Yinson Production, together with client Azule Energy, is set to pilot an offshore carbon capture and storage (CCS) plant on the floating production storage and offloading (FPSO) vessel Agogo in Angola. The plant, said to be the world’s first post-combustion carbon capture unit installed onboard an F

about 3 years ago
PV Drilling
Business & Finance

2007-built jack-up rig begins drilling program off Thailand

Vietnam’s Petrovietnam Drilling and Well Service Corporation (PV Drilling) has commenced a drilling program for Northern Gulf Petroleum in the Gulf of Thailand. PV Drilling’s 2007-built jack-up rig PV DRILLING I started to perform the drilling program at Block G6/48, Rossukon conventional oil field,

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about 3 years ago
3D rendering of the Ammonia fuelled MGC, provided by Hyundai Mipo Dockyard
Business & Finance

Industry firsts: HD Korea Shipbuilding to fit Exmar’s LPG carriers with ammonia-powered engines

South Korean shipbuilding major HD Korea Shipbuilding & Marine Engineering will install ammonia dual-fuel engines in two 46,000-cubic-meter medium-sized LPG carriers that are being built for Belgian shipping company Exmar. The vessels, measuring 190 meters in length, 30.4 meters in width, and 18.8 m

about 3 years ago
Illustration; Source: QatarEnergy
Business & Finance

In focus: The hard truths and wake-up calls in the global energy transition

As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as

about 3 years ago
Fast4Ward design; Source: SBM Offshore
Business & Finance

ExxonMobil hires SBM Offshore to build FPSO for sixth oil development off Guyana

SBM Offshore has gotten its hands on a contract to perform FEED for an FPSO, destined to work on ExxonMobil’s sixth oil project off Guyana.

about 3 years ago
Tommeliten A; Source: ConocoPhillips
Business & Finance

More North Sea gas gushes out as cross-border project comes on stream ahead of schedule

ConocoPhillips has started production from a cross-border field in the North Sea six months ahead of schedule, ensuring more Norwegian gas for the energy market.

about 3 years ago
US awards $7 billion for seven clean hydrogen hubs
Business & Finance

US awards $7 billion for seven clean hydrogen hubs

U.S. President Biden and Energy Secretary Jennifer Granholm have announced seven regional clean hydrogen hubs that were selected to receive $7 billion in ‘Bipartisan Infrastructure Law’ funding to accelerate the domestic market for low-cost, clean hydrogen. The seven selected regional clean hydrogen

about 3 years ago
CMA CGM assigns $600 million for Port Liberty
Business & Finance

CMA CGM assigns $600 million for Port Liberty

French shipping major CMA CGM has revealed the names of its new terminals in the United States as the company embarks upon a $600 million upgrade at “Port Liberty New York” and “Port Liberty Bayonne”. The terminals were acquired by CMA CGM from Global Container Terminals (GCT) in December 2022. The

about 3 years ago
NREL’s researchers have determined cost-effective ways to purchase the moorings for a new wave energy test facility, currently under construction off the coast of Oregon (Courtesy of NREL/Illustration
Business & Finance

Could PacWave test site potentially offer its own moorings for wave energy developers?

Researchers from the National Renewable Energy Laboratory (NREL) have identified the most cost-effective ways for the U.S. Department of Energy (DOE) to acquire mooring systems for PacWave – a new wave energy test site offshore Oregon – which could facilitate the test campaigns for developers.

about 3 years ago
Wood Mackenzie
Business & Finance

WoodMac: Swift action needed to ratchet up carbon capture and reach net-zero by 2050

Wood Mackenzie believes that emerging sectors will not be able to usher in a net-zero by 2050 era without CCUS.

about 3 years ago
Oil spill (for illustration purposes); Source: Vissim
Business & Finance

Vår Energi revamps oil spill detection technology on assets off Norway

Vår Energi has hired Vissim to fit a new and upgraded oil spill detection solution at its installations on the Norwegian continental shelf.

about 3 years ago
US firm orders first subsea-tracked trenching vehicle to back offshore wind work
Business & Finance

US firm orders subsea-tracked trenching vehicle to back offshore wind work

U.S. cable installation contractor Caldwell Marine International (CMI) has placed an order with Royal IHC Offshore Energy for a subsea-tracked trenching vehicle, expected to support its future work in the U.S. offshore wind sector. The scope of the contract award includes the new Amphibious Hi-Traq

about 3 years ago
Wallem
Business & Finance

Wallem appoints John Rowley as new CEO

The CEO of Wallem Group John-Kaare Aune is stepping down from his role following a transitional period, culminating in his departure in January 2024. Aune’s journey with Wallem commenced in 2019 when he assumed the role of Managing Director, Shipmanagement. Subsequently, in January 2021, he ascended

about 3 years ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

Equinor gets clearance to dispatch Odfjell rig for drilling ops in North Sea

Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Odfjell Drilling’s rigs.

about 3 years ago