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Business & Finance

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Aurora-class
Business & Finance

Höegh Autoliners orders four more ammonia-ready Aurora class vessels

Norwegian RoRo shipping company Höegh Autoliners has exercised the option to build an additional four new multi-fuel and net zero carbon ready Aurora class vessels. The shipping company will have the option to convert one or more of these vessels to ammonia propulsion as soon as the technology is av

about 3 years ago
UK: Ofgem gives licenses for multi-purpose interconnectors to Belgium and the Netherlands
Business & Finance

UK’s Ofgem gives licenses for multi-purpose interconnectors linking to the EU

UK energy market regulator Ofgem has granted electricity interconnector licenses for two energy links that will connect the UK with two EU countries. Ofgem announced that it had on 12 July granted electricity interconnector licenses for the LionLink multi-purpose interconnector that will connect the

about 3 years ago
Illustration/The submerged CalWave x1 wave energy device (Courtesy of CalWave Power Technologies)
Business & Finance

United States boosts marine energy research and development projects

The US Department of Energy (DOE) has provided more than $3.5 million for 18 hydropower and marine energy projects as part of the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) program.

about 3 years ago
Odfjell Terminals Korea Maersk Solstice
Business & Finance

Pioneering steps: OCI Global bunkers world’s 1st green methanol-powered containership as the feeder starts its maiden voyage

Dutch producer and distributor of hydrogen-based products OCI Global has completed what has been described as ‘the world’s first green methanol bunkering operation’ at the Port of Ulsan, Korea. The bunkering operation took place on Sunday, July 16, when OCI fueled A.P. Moller Maersk’s first green me

about 3 years ago
Noble Faye Kozack (for illustration purposes); Source: Noble Corp.
Business & Finance

US offshore rig count drops down another notch

Baker Hughes’ weekly rig count report indicates that the number of offshore rigs in the United States went down a notch last week.

about 3 years ago
Survey activities next for Scottish subsea cable links
Business & Finance

Survey activities next for Scottish subsea cable links

Marine survey activities are scheduled to start this month for two Eastern Green Link projects in Scotland. Scottish Hydro Electric Transmission and National Grid Electricity Transmission are delivering the Eastern Green Link 2 (EGL 2) project, while Scottish & Southern Electricity Transmission (SHE

about 3 years ago
Big Apple location map –Brazos Area, South Addition Blocks A87 &A90 approximately 200 km South of Houston; Source: Prominence Energy
Business & Finance

Australian oil & gas firm gets its hands on two high-potential Gulf of Mexico blocks

Prominence Energy has been awarded two adjacent exploration blocks on the U.S. Outer Continental Shelf (OCS), which are located off Texas.

about 3 years ago
FPSO Kwame Nkrumah - Jubilee field; Source Tullow Oil
Business & Finance

Second well comes online off Ghana with two more waiting in the wings

Tullow Oil has brought on stream the second of four wells on a field located offshore Ghana while the remaining two are slated to come online later this year.

about 3 years ago
FPSO Espoir Ivoirien; Source: Petrofac
Business & Finance

Petrofac wins multi-million deal for FPSO recently sold by BW Offshore off Africa

Petrofac has secured an integrated services contract with CNR International for an FPSO, which is working off the Ivory Coast, West Africa.

about 3 years ago
Illustration; Credit: Clyde Thomas/Longboat Energy
Business & Finance

Longboat and JAPEX create new player on Norwegian oil & gas stage

Longboat Energy and JAPEX have completed all the steps required for the creation of their Norwegian joint venture (JV).

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

Odfjell Drilling strengthens ties with Equinor and confirms two rig deals

Odfjell Drilling has inked contracts for one of its semi-submersible rigs to carry out drilling activities in the North Sea.

about 3 years ago
In focus: Is LNG stuck between a rock and a hard place in the energy transition story?
Business & Finance

In focus: Is LNG stuck between a rock and a hard place in the energy transition story?

The energy transition towards low-carbon and green energy sources is gaining momentum worldwide, driven by rising climate and energy security concerns. That being said, the thorny road toward decarbonization always seems to be stuck between the need to ‘act now’ and find the ‘silver bullet’. The sen

about 3 years ago
Illustration/L to R: CorPower Ocean’s wave energy device and Floating Power Plan’ts wave-wind hybrid (Courtesy of CorPower Ocean/Floating Power Plant)
Business & Finance

EU Innovation Fund backs two major ocean energy projects as part of €3.6B clean tech investment

The European Commission has supported two major ocean energy projects – led by Floating Power Plant and Simply Blue Group’s Saoirse Wave Energy – which will take a share of €3.6 billion of investment provided to 41 large-scale clean tech projects through the EU Innovation Fund.

about 3 years ago
Multiple hydrogen projects supported by EU’s €3.6 billion clean tech funding
Business & Finance

Multiple hydrogen projects supported by EU’s €3.6 billion clean tech funding

Multiple European hydrogen projects have been selected by the European Commission (EC) to be financed through the EU Innovation Fund. Specifically, the EC awarded over €3.6 billion to 41 large-scale clean tech projects, many of them being hydrogen-related. According to EC, the funding will contribut

about 3 years ago
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