Norwegian oilfield services provider Aker Solutions has secured multiple contracts with compatriot oil and gas company Aker BP, which combined represent the largest value of contract awards in a single quarter in its history. Following Aker BP’s submission of plans for development and operation (PDO
Norwegian cleantech company TECO 2030 has signed a contract with Germany’s engineering company thyssenkrupp Automation Engineering for the delivery of the first complete fuel cell stack production line at the TECO 2030 Innovation Centre in Narvik, Norway. The contract entails the design, manufacturi
Finnish technology company Wärtsilä has won a contract to supply its hybrid propulsion system for four new heavy lift vessels being built at the Wuhu Shipyard in China. The Orca Class vessels have been contracted by SAL Heavy Lift GmbH, a German heavy lift and project cargo specialist and part of th
Norwegian energy company Equinor has confirmed its intention to exercise the option to extend its liquefied natural gas (LNG) bunkering contract with Finnish gas company Gasum. According to a social media update, Gasum will continue to serve Equinor’s LNG-powered offshore vessels along the Norwegian
Canadian oil and gas producer Trillion Energy is planning to bring on eight new wells or workovers into production next year through continuous drilling on a natural gas field in the Black Sea offshore Türkiye. Bringing what the company describes as a “transformative year” to an end, Trillion announ
Finland’s largest shipbuilder Meyer Turku is getting an €80 million ($85 million) financial lifeline from the Finnish government to overcome liquidity challenges caused by the ongoing geopolitical situation caused by Russia’s war in Ukraine. The European Commission approved the recapitalization meas
Australia’s Western Gas has signed separate nonbinding agreements with Pluto LNG and the North West Shelf Project participants for the processing of 2-3 Mtpa of Equus gas from 2027 utilising Woodside-operated infrastructure. The agreements outline the key terms and process for undertaking the partic
UK-based oil and gas company Serica Energy has entered into an agreement with compatriot Tailwind Energy Holdings to acquire the entire issued share capital of Tailwind Energy Investments in a deal worth approximately £367 million. The consideration for the acquisition comprises the issue of up to 1
Dutch shipping company De Bock Maritiem has signed contracts for the construction of two diesel-electric seagoing vessels that will enable the company to halve its CO2 emissions. The 3,600-tonne vessels were designed by the Dutch Conoship International and they will be built by the Holland Shipyards
Noble Corporation has evacuated all rig personnel after an issue was found on one of the legs of a Noble Corporation-owned jack-up rig.
Italy’s oil and gas giant Eni and energy infrastructure operator Snam have formed a joint venture to develop the first carbon capture and storage (CCS) project in Italy. Eni CEO Claudio Descalzi and Snam CEO Stefano Venier signed an agreement on 19 December to jointly develop and manage Phase 1 of t
The Mediterranean Sea has been designated as an Emission Control Area for Sulphur Oxides and particulate matter at last week’s MEPC 79th session. The designation means that as of 1 May 2025 ships will be required to use marine fuel with reduced sulphur content. The permissible sulphur content will f
Today, the German Federal Government and energy company Uniper have concluded a framework agreement to concretize the measures to stabilise Uniper agreed between the Federal Government, Uniper, and Fortum on 21 September 2022. Under the agreement, German’s Federal Ministry of Finance will be respons
South Korea’s defense and energy conglomerate Hanwha Group has signed a $1.5 billion deal for the acquisition of a controlling stake in compatriot shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME). The troubled shipbuilder has been controlled by the state-run Korea Development Bank (KDB)
