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Business & Finance

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FPSO Atlanta; Source: Yinson (video)
Business & Finance

Yinson buying FPSO destined for oil field off Brazil

Enauta has received a letter from Yinson, notifying about the exercise of an option to acquire an FPSO, which will operate at its field off Brazil.

about 3 years ago
Seabird's latest contract 'reflective of an improving OBN market'
Business & Finance

Seabird’s latest contract ‘reflective of improving OBN market’

Cyprus-headquartered seismic firm SeaBird Exploration has secured a two-year contract with a repeat client for services spanning several projects in the Western Hemisphere. Seabird reported on 14 July that it had signed a Letter of Award (LoA) for ocean bottom node (OBN) source services, with the co

about 3 years ago
Port of Sines
Business & Finance

Port of Sines teams up with Brazil’s CSN on green shipping corridor

Port of Sines, a major port in Portugal, and Companhia Siderúrgica Nacional (CSN), a leading steel producer in Brazil, have signed a Memorandum of Understanding (MoU) as part of the Global Gateway initiative of the European Commission. The agreement aims to establish the scope, rules, and guiding pr

about 3 years ago
ExxonMobil
Business & Finance

ExxonMobil enriches its low-carbon arsenal with new acquisition worth $4.9 billion

ExxonMobil is getting its hands on – what it deems to be – the largest owned and operated CO2 pipeline network in the United States.

about 3 years ago
Shearwater to perform 'pioneering' survey over Norwegian gas field
Business & Finance

Shearwater to perform ‘pioneering’ survey over Norwegian gas field

OMV Norge, a subsidiary of Austria’s oil and gas company OMV, has appointed Shearwater GeoServices to conduct a “pioneering” towed streamer survey with ocean bottom nodes (OBN) over its gas and condensate discovery offshore Norway. Under the contract, Shearwater is set to begin the hybrid survey ove

about 3 years ago
Fleetship
Business & Finance

Transworld and Fleet Management form ship management JV

UAE-based shipping company Transworld Group and Hong Kong-based ship management company Fleet Management (FLEET) have established a new ship management joint venture, Transworld Fleet Management. The JV will provide dedicated technical management services to Transworld Group’s fleet which includes c

about 3 years ago
Nel receives €9 million electrolyser equipment order from Hyd’Occ
Business & Finance

Nel receives €9 million electrolyser equipment order from Hyd’Occ

Nel Hydrogen Electrolyser, a subsidiary of Norway’s Nel ASA, has signed a contract for 20 MW of alkaline electrolyser equipment for about €9 million with Hyd’Occ for its project in Port-La-Nouvelle, France. The 20 MW electrolyser will supply renewable hydrogen to local industry and transportation in

about 3 years ago
Eco Wave Power's wave energy plant in Jaffa Port, Israel (Screenshot/Video by Eco Wave Power)
Business & Finance

Eco Wave Power bags EU funding for its newest wave energy plant

Swedish-Israeli wave energy developer Eco Wave Power has been awarded a grant from the EU that will be used to add educational and knowledge-sharing features to the company’s newest wave energy power station at the Port of Jaffa in Israel.

about 3 years ago
Petrojarl Knarr FPSO; Source: Equinor
Business & Finance

One of UK’s largest undeveloped oil fields put on hiatus once again

Reports indicate that the decision on whether to approve or not one of the largest undeveloped oil fields in the UK is unlikely anytime soon.

about 3 years ago
Norwegian seismic company TGS has finished the acquisition of an ultra-high-resolution 3D (UHRD3D) survey on behalf of Community Offshore Wind in the New York Bight, providing soil condition data to g
Business & Finance

Norwegian marine geophysics firm about to wrap up its first offshore wind contract

Norwegian marine geophysical company PGS is set to complete its inaugural contract for ultra-high resolution 3D wind farm site characterization by the end of this month. PGS secured its first ultra-high resolution wind farm site characterization project at the beginning of the year, marking its entr

about 3 years ago
Dynagas, Equinor renew Arctic Aurora LNG carrier deal
Business & Finance

Dynagas secures charter deals with Rio Grande LNG for two LNGCs

Dynagas LNG Partners, an owner and operator of LNG carriers (LNGCs), has entered into time charter party agreements with Rio Grande LNG, a subsidiary of NextDecade Corporation, for two LNGCs, adding approximately $270 million to its existing revenue backlog. The 2007-built LNG carrier Clean Energy h

about 3 years ago
Value Maritime Filtree System
Business & Finance

JR Shipping outfits 9th vessel with Value Maritime’s Filtree and carbon capture solution

Dutch shipping company JR Shipping has completed the installation of Value Maritime’s Filtree and Carbon Capture technology on the 9th vessel, MV Emotion. The installation on the 2008-built containership of 1,440 TEU was completed in Hamburg, Value Maritime said in an update. The latest development

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

Oil flows from first well offshore Ghana with three more to follow suit by year-end

Tullow Oil has brought on stream the first of four wells on a field off Ghana while the remaining three are expected online later this year.

about 3 years ago
Decisive years ahead: ONE’s fuel choice conundrum for 20 methanol-ammonia newbuilds
Business & Finance

Decisive years ahead: ONE’s fuel choice conundrum for 20 methanol-ammonia newbuilds

The jury is still out on the fuel choice for a series of twenty new vessels the Singapore-based container shipping major Ocean Network Express (ONE) has on order. “We haven’t made a decision yet on which technology to choose. The jury is still out and like the rest of the industry we are very intere

about 3 years ago
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