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Business & Finance

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Illustration/CorPower C4 wave energy device at the Port of Viana do Castelo (Courtesy of CorPower Ocean)
Business & Finance

CorPower sings praises for Portuguese wave energy suppliers

CorPower Ocean has named a Portuguese company as its ‘supplier of the year’ in recognition of the role it played in the development of its first commercial-scale wave energy converter, soon to be deployed offshore Portugal.

about 3 years ago
Illustration/Xfloat's floating solar technology (Courtesy of Xfloat)
Business & Finance

Xfloat bags $1M grant to advance floating solar technology

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Israel-based company Xfloat has secured a $1 million grant to advance its floating solar technology together with the partners from the United States.

about 3 years ago
Illustration; Source: The International Renewable Energy Agency (IRENA)
Business & Finance

Repurposing oil & gas infrastructure to harness offshore wind power

Converting oil and gas infrastructure for use in the offshore wind industry would slash installation costs for renewable energy operators.

about 3 years ago
ExxonMobil taps Texas-based firm for gas-to-energy project off Guyana
Business & Finance

ExxonMobil taps Texas-based firm for gas-to-energy project off Guyana

Texas-based oil and gas services company Trendsetter Engineering has secured a contract with ExxonMobil Guyana for its gas-to-energy project offshore Guyana. Under the contract awarded by Esso Exploration and Production Guyana, Trendsetter will deliver its TCS subsea connectors, hubs, and an assortm

about 3 years ago
Norwegian authority looks into Northern Lights CCS project
Business & Finance

Norwegian authority looks into Northern Lights CCS project

The Petroleum Safety Authority Norway (PSA) has completed an audit of the joint venture behind the Northern Lights carbon capture and storage project (CCS) and some of its elements. The PSA conducted an audit of the Northern Lights joint venture and the follow-up of pipelines and subsea facilities i

about 3 years ago
VLCC CMES
Business & Finance

CMES firms up deal with Dalian Shipbuilding for LNG carriers and oil tankers

Chinese shipping company China Merchants Energy Shipping (CMES) has moved forward with fleet expansion plans by signing contracts for the construction of two massive liquefied natural gas (LNG) carriers and two Aframax crude oil tankers. Dalian Shipbuilding has secured the shipbuilding contracts for

about 3 years ago
bulker powered by ammonia
Business & Finance

Ocean Yield trims sails, signs up for up to 9 ammonia-ready Newcastlemaxes with CMB

Norwegian shipowner Ocean Yield has finalized the terms of its previous announcement on the acquisition of up to ten ammonia-ready Newcastlemax dry bulk newbuildings. Namely, in its latest announcement, the company said it had agreed with the charterer to finalize the transaction scope at eight or n

about 3 years ago
FPSO Egina; Source: TotalEnergies
Business & Finance

TotalEnergies looks forward to developing Nigeria’s offshore oil & gas industry further thanks to 20-year extension

TotalEnergies has secured a license extension offshore Nigeria, which will enable it to further develop the hydrocarbons in the block.

about 3 years ago
Illustration; Source: Aquaterra Energy
Business & Finance

In focus: Will the hydrogen rainbow chase away fossil fuels’ clouds?

The global energy players are burning the midnight oil in pursuit of low-carbon solutions to curb emissions and enrich the energy mix.

about 3 years ago
BP and PetroChina secure regasification capacity at Gate LNG terminal
Business & Finance

BP and PetroChina secure regasification capacity at Gate LNG terminal

Gate LNG terminal, a joint venture of Dutch companies Vopak and Gasunie, has announced that energy majors BP and PetroChina International London Co. Ltd will each separately acquire two billion cubic metres (BCM) per year of regasification and corresponding storage capacity. Gate terminal informed t

about 3 years ago
Thorco Projects
Business & Finance

Norden expands into wind energy and general cargo market with Thorco Projects acquisition

Danish shipping company Norden has entered into an agreement to acquire Thorco Projects, a business specializing in general cargo segments such as break bulk, steel, and wind energy. This strategic move marks Norden’s expansion into new markets including the wind energy segment, which is a growing s

about 3 years ago
Erik Thun
Business & Finance

Erik Thun to fit battery packs on nine ships

Swedish shipping company Erik Thun Group is investing $3.34 million in the installation of battery packs on nine of its existing vessels in the dry cargo fleet. The ship owner explained that by installing battery packs and making the shore power connection smoother for the vessels, the need to use t

about 3 years ago
UK’s first HVDC cable factory granted another approval
Business & Finance

UK’s first HVDC cable factory granted another approval

UK-based XLCC has secured detailed planning approval to build what is said to be the UK’s first HVDC cable factory, located in North Ayrshire, Scotland. North Ayrshire Council Planning Committee granted full planning permission for XLCC’s HVDC subsea cable manufacturing operations in Hunterston, Sco

about 3 years ago
The Valaris 8503 rig was used for Zama appraisal. Source: Talos Energy
Business & Finance

U.S. player selling partial stake in giant oil field to Mexican conglomerate

Talos has made arrangements with Grupo Carso to divest a partial stake in its subsidiary, which holds an interest in an oil field off Mexico.

about 3 years ago