Business & Finance
Dutch LNG-ZERO concept receives subsidy
Dutch maritime consortium has received financial aid for the LNG-ZERO concept, an ambitious research project originally introduced by TNO.
Dutch consortium wins €24M research grant to accelerate use of methanol as marine fuel
Methanol as an Energy Step Towards Zero-Emission Dutch Shipping (MENENS) maritime consortium has been awarded a €24 million (about $27 million) grant to conduct research into accelerating the use of methanol as a low-carbon fuel within the shipping industry.
Heerema renews contract with Kongsberg Digital in support of crane simulator
Kongsberg Digital has won a five-year contract extension with Heerema for system support of maritime simulation solutions and training.
Lhyfe, DORIS plan to launch hydrogen-producing floating wind turbine
France-based green hydrogen technology developer Lhyfe and engineering company DORIS have signed a Memorandum of Understanding (MoU) on working together on offshore hydrogen production projects, with a plan to launch the first floating wind turbine for integration with a hydrogen production system.
Solstad vessels win long-term jobs with Equinor in Brazil
Solstad Offshore has secured long-term contracts for two of its platform supply vessels with Equinor for operations in Brazil.
3i to take full control of vessel provider Esvagt
Esvagt will be fully owned by 3i Infrastructure following the purchase of a 50% stake from co-investor AMP Capital for about $356 million.
Wood Mackenzie names ex-UN economist as head of carbon to spearhead energy transition services
Wood Mackenzie has appointed a previous UN economist as the head of its carbon team to help the firm’s customers navigate energy transition.
Siccar Point reviewing options after Shell abandons Cambo oil project
Siccar Point Energy has confirmed that Shell, its partner in the Cambo development, has taken the decision not to progress its investment.
Eco Wave Power widens interim loss
Swedish-Israeli wave energy company Eco Wave Power has posted a larger net loss for the first nine months of 2021, as compared to the same period a year earlier.
Hundreds of North Sea workers set to down tools to stop terms & conditions cuts
About 300 oil and gas workers in the UK North Sea are preparing to take strike action amid a dispute over terms and conditions cuts.
NKT Victoria pulls up at Ulstein Verft
Cable-laying vessel NKT Victoria is currently at Ulstein Verft for maintenance and a five-year classification.
Largest shipping lines hit “a whooping” $80 billion profit so far this year
The world’s largest shipping lines have made nearly USD 80bn in operating profit so far this year, a new report published by Sea Intelligence shows.
OMV books Maersk rig for HPHT well in North Sea
Maersk Drilling has secured a one-well contract with OMV (Norge) for a high-pressure, high-temperature exploration well off Norway.
Vår Energi CEO now member of Norwegian Oil and Gas Association’s board
The CEO of Vår Energi has been appointed as one of the new board members of the Norwegian Oil and Gas Association (NOROG).