Business & Finance
Yara Marine pens scrubber retrofit deal with Berge Bulk
Norwegian provider of exhaust gas cleaning systems Yara Marine Technologies has secured a new retrofit deal with bulker owner and operator Berge Bulk for additional in-line scrubbers. The companies have already cooperated on scrubber installations with Yara Marine already having installed in-line sc
Nova Innovation, Sabella join forces to progress tidal power in UK and France
Scottish tidal energy developer Nova Innovation and its French counterpart Sabella have signed a memorandum of understanding (MoU) to accelerate development of their tidal energy sites in UK and France.
Winds of change
The winds of change are coming for energy transition – but are they moving as fast as they could be?
Green light for Equinor’s $2.2 billion project in North Sea
Equinor’s plan for development and operation (PDO) of the Breidablikk field in the North Sea has been approved by Norwegian authorities.
Saipem rents ex-Ocean Rig drillship from Samsung Heavy
Saipem has signed a bareboat charter contract with Samsung Heavy for a new drillship, which will be delivered later this year.
Monjasa expands supply services across all RAK Ports
Denmark-based bunker supplier Monjasa has partnered up with RAK Ports, to support the increasing demand for fuel supply in the Middle East.
SEACEF invests in Vietnamese floating solar and storage project
Clime Capital, a Singapore-based investment management company in charge of SEACEF funding, has invested in the development of a floating solar and storage project in Dong Nai Province in Vietnam.
Allseas vessel delivers Morecambe Bay platforms to CessCon yard for decom
CessCon Decom has taken delivery of the DP3 and DP4 platforms from Spirit Energy’s Morecambe Bay development in the East Irish Sea.
Wood to pay $177M to settle US, UK, Brazilian bribery charges
Energy services company John Wood Group has resolved bribery and corruption investigations into the past use of third parties in the legacy Amec Foster Wheeler business.
UK High Court rejects Hurricane Energy’s debt restructuring plan
The High Court of Justice of England and Wales has not sanctioned Hurricane Energy’s financial restructuring plan that would have handed control of the company to its bondholders.
Alfa Laval, Wallenius to set up a JV focusing on wind propulsion
Alfa Laval and Wallenius are joining forces in a 50/50 joint venture, named AlfaWall Oceanbird, that will supply wind propulsion solutions for cargo vessels and other ship types. Under the agreement signed on June 28, 2021, the plan is to have the first Oceanbird system onboard a vessel within five
Fugro completes Seabed Geosolutions divestment
Fugro has completed the divestment of certain assets and the related business of its non-core subsidiary Seabed Geosolutions to PXGEO for $16 million in cash.
Saga Pure takes stake in hydrogen company Hyon
Saga Pure, a Norwegian green investment company that recently switched its focus from shipping to renewables, has decided to acquire a stake in Hyon AS, a compatriot hydrogen solutions provider.
Frontline adds two scrubber-fitted ECO-type VLCCs to its fleet
Norwegian tanker owner and operator Frontline has entered into an acquisition deal for two scrubber-fitted, ECO-type very large crude carriers (VLCCs) worth a total of $180 million. Frontline said it intends to meet the financing of this acquisition with existing borrowing facilities and establish l