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Business & Finance

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Offshore Energy Exhibition & Conference 2023 expands with additional exhibition hall
Business & Finance

Offshore Energy Exhibition & Conference 2023 expands with additional exhibition hall

Europe’s premier offshore energy event to feature an integrated conference area, Offshore Energy Pavilion, and more. Offshore Energy Exhibition & Conference (OEEC) 2023, the highly anticipated event for the offshore energy industry, is proud to announce the addition of an extra exhibition hall. Th

about 3 years ago
U.S. AUV developer marks first step towards tech’s commercialisation, aims to accelerate seafloor data acquisition for offshore wind
Business & Finance

U.S. AUV developer marks first step towards tech’s commercialisation, aims to accelerate seafloor data acquisition for offshore wind

Bedrock, the US-based developer of a portable autonomous underwater vehicle (AUV) for offshore wind surveys, has secured $25.5 million in a Series A funding round, bringing its total funding to date to $33.5 million and the technology a step closer to commercial use. The company says it will use the

about 3 years ago
Maersk
Business & Finance

Clarksons: 44 pct of ships ordered in H1 are alternatively fueled

Green transition remains a central underlying driver for shipping markets, according to the latest review from Clarksons Research, which estimates that 44% of newbuild tonnage ordered in the first half of this year was alternative fueled. With 62 orders secured in the first six months of 2023, metha

about 3 years ago
More work for McDermott with Qatargas
Business & Finance

More work for McDermott with Qatargas

McDermott has won a “major” contract with Qatargas to deliver engineering, procurement, construction, and installation (EPCI) for a subsea pipeline and cable project. McDermott will deliver EPCI for the North Field Production Sustainability (NFPS) Offshore Fuel Gas Pipeline and Subsea Cables Project

about 3 years ago
ME-GA
Business & Finance

1st ME-GA engine wraps up gas trials

The first ME-GA engine has completed gas trials aboard an LNG carrier built by Hyundai Samho Heavy Industries (HSHI) for Norwegian shipping company, Knutsen OAS Shipping, MAN Energy Solutions announced. The new engine is an Otto-cycle variant of the company’s ME-GI engine, designed for LNG/fuel-oil

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

WATCH: FPSO leaves Chinese shipyard after 32 months

Equinor has disclosed video footage, showing an FPSO, which will work on its field offshore Brazil, leaving a Chinese shipyard.

about 3 years ago
Boka Vanguard vessel transporting FPU Zafiro Producer; Source: Boskalis
Business & Finance

Boskalis’ giant vessel wraps up its first decom gig by transporting FPU for recycling

Boskalis has revealed that its largest semi-submersible heavy transport vessel has completed its first ??????????????? ???????.

about 3 years ago
Noble Viking drillship; Source: Noble Corporation
Business & Finance

Shell prolongs Noble drillship’s stay in Malaysia

Noble Corporation has secured a contract extension for one of its drillships with Shell for operations offshore Malaysia.

about 3 years ago
Reabold's North Sea portfolio; Source: Reabold Resources
Business & Finance

UK player seeking farm-down of high-graded assets in its North Sea basket

Reabold Resources has undertaken a high-grading exercise of its North Sea licences and plans to farm down its stake in retained assets.

about 3 years ago
CPP Investments and Power2X team up on green molecule projects
Business & Finance

CPP Investments and Power2X team up on green molecule projects

Canada Pension Plan Investment Board (CPP Investments) and hydrogen project developer Power2X have entered a long-term investment partnership aimed at advancing Power2X’s role in the global clean energy transition. According to the companies, the partnership plans to invest an initial €130 million t

about 3 years ago
Ithaca Energy
Business & Finance

Ithaca getting its hands on full ownership of UK gas discovery and three North Sea licences

Ithaca Energy has set the wheels into motion with the signing of a sale and purchase agreement to acquire the remaining stake in a discovery.

about 3 years ago
Noble Resilient jack-up rig; Source: Noble Corp.
Business & Finance

Recoverable oil & gas volume in Shell’s recent UK North Sea discovery nearly doubled

Shell has carried out a post-well analysis of a discovery in the North Sea, indicating a significant boost in the estimated oil & gas resources.

about 3 years ago
EWP-EDF One power station in the Port of Jaffa, Israel (Courtesy of Eco Wave Power)
Business & Finance

Eco Wave Power gets final government grant for wave energy plant in Israel

Eco Wave Power has received the final grant funding from the Israeli Ministry of Energy for its landmark ‘EWP-EDF One’ wave energy power station in the Port of Jaffa, marking the official completion of the project.

about 3 years ago
With license secured, NeuConnect to start major construction in coming weeks
Business & Finance

With license in place, first UK-Germany energy link to start major construction

NeuConnect, the company behind the first energy link between the UK and Germany, has signed a license agreement with The Crown Estate, a step set to allow major construction work to begin this summer in the UK. Following negotiation and collaboration with The Crown Estate, the signed license agreeme

about 3 years ago
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