Business & Finance
Prysmian places order for new cable layer with VARD
Italian cabling giant Prysmian Group is investing approximately €200 million in a new cable-laying vessel which will be equipped with a battery pack for a total power of 3 MW. The new 170-meter-long vessel will be built by the VARD Group, a subsidiary of the Fincantieri Group, just like Leonardo da
Total Eren and VNG to collaborate on green hydrogen import to German and European markets
Germany’s gas company VNG AG and French renewable energy producer Total Eren have announced plans to collaborate on the development of green ammonia imports in Europe. In line with this, the companies have signed a cooperation agreement concerning the import of green hydrogen in the form of ammonia
Equinor unveils plan to invest over $1.4 bln in deepwater gas development
Equinor has submitted a plan for development and operation (PDO) of a deepwater gas discovery project in the Norwegian Sea.
Award in West Africa to keep Reach Subsea busy next year
Reach Subsea has secured a conditional Letter of Award (LOA) for a project in West Africa, through which it will be a sub-contractor to a “major tier-one contractor”. The assignment includes support for the installation and anchoring of an offshore unit, as well as survey and positioning tasks to be
Ulsan wants to become a methanol bunkering hub
Ulsan Port Authority (UPA) has signed a Memorandum of Understanding (MOU) with the international classification society Korean Register (KR) to support methanol-fueled ships and establish the South Korean port as a low-carbon energy hub. “UPA is actively working to make eco-friendly, and low-carbon
DNV, MPA Singapore renew decarbonization and digitalization partnership
DNV classification society and Singapore’s Maritime Port Authority (MPA) have agreed to continue their collaboration on decarbonization and digital innovation in the maritime industry. Kenneth Lim, Assistant Chief Executive (Industry and Transformation), Maritime and Port Authority of Singapore (MPA
Centrica knocks on Wood’s door for UK North Sea support
Wood has been appointed as an integrated services partner by Centrica Storage for the company’s UK Southern North Sea operations.
Two firms seal the deal for ‘one of the largest non-associated gas fields in the Gulf of Mexico’
New Fortress Energy (NFE) has finalised its agreements with Pemex for the development of a deepwater gas field in the Gulf of Mexico.
ExxonMobil and PipeChina forge ties on oil&gas, low-carbon solutions
US energy and petrochemical giant ExxonMobil has signed a strategic cooperation framework agreement with China Oil and Gas Pipeline Network Corporation (PipeChina) to collaborate on a number of business opportunities. With this agreement, the companies will enhance existing cooperation in the Chines
Bumi Armada FPSO to cut carbon emissions with AI technology
Malaysian offshore vessel provider Bumi Armada has selected OPEX artificial intelligence technology to reduce carbon emissions on an FPSO facility located in the North Sea. OPEX Group’s emissions.AI software will be deployed on the Armada Kraken FPSO facility, which serves the EnQuest-operated Krake
Nuclear ships regulations to enter into force in UK on December 8
The UK is about to pass legislation on nuclear propulsion for merchant ships, closing a loophole in its maritime legislative system on a propulsion technology that is gaining a lot of attention in the shipping world as the potential pathway for slashing emissions. Namely, the UK Parliament is set to
Investment decision for Shell’s Gato do Mato project not on the cards for a year or two
Shell will not be making a decision on whether to go ahead with the Gato do Mato field development off Brazil in the next 12 to 24 months.
UK firm sets up dedicated energy transition consultancy
UK engineering and management services provider Penspen has launched its Energy Transition Consultancy which will be dedicated to advising clients on low carbon-related opportunities. Penspen said its energy transition work is built around four pillars of expertise, including building new hydrogen a
Samsung Heavy adds shuttle tanker pair to its orderbook as its nears yearly target
South Korean shipbuilder Samsung Heavy Industries (SHI) has won a construction contract for two shuttle tankers, resuming its winning streak into the final weeks of this year. The shuttle tankers have been ordered by an undisclosed company from Oceania, which is paying KRW 346.6 billion ($255 millio