Business & Finance
Ocean Sun boosts third quarter revenues
Norwegian floating solar company Ocean Sun has reported an increase in revenues for the third quarter of the fiscal year 2022, as opposed to the same period a year earlier.
Norwegian seismic company gets another North Sea call
Norwegian seismic company Magseis Fairfield has signed an agreement with a repeat customer for a 4D ocean bottom node (OBN) project in the North Sea. The project is scheduled to start in the second quarter of 2023, with an expected duration of approximately one month. Activities will see the utiliza
GT Green Technologies says on-the-water prototype of its wind propulsion tech coming soon
UK-headquartered wind propulsion specialist GT Green Technologies has won grant funding as part of this year’s Clean Maritime Demonstration Competition Round 2 (CDMC2) launched by the UK’s Department of Transport. The company said that it would use the funding to further develop and launch its propr
UK player seeking partners for assets offshore Morocco and Ireland
UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas is continuing the farm-out processes of two licenses respectively located offshore Morocco and Ireland. In Morocco, Europa said it is continuing the farm-out process of the Inezgane license in the Agadir Basin, which represents a “
US company invests in TECO 2030 zero-emission fuel cell projects
Norway’s cleantech company TECO 2030 has received a NOK 100 million (approximately $10 million) investment from US-based SunHydrogen, a developer of technology that uses sunlight and any source of water to make renewable hydrogen. Currently under development, SunHydrogen’s technology utilizes a nano
OEUK: Raising windfall tax could put oil & gas investments at risk and undermine UK’s energy security
Offshore Energies UK (OEUK) has warned that the windfall ‘supertax’ proposal risks driving out oil and gas investments from the UK waters.
Sallaum Lines orders LNG-fueled RoRo pair
Global RoRo shipping company Sallaum Lines has placed an order with China’s Fujian Mawei Shipbuilding for the construction of two dual-fuel LNG 7500 Pure Car and Truck Carriers (PCTC). The ships will have a total length of 199.9 meters, a molded width of 38 meters, a molded depth of 14.8 meters, and
With repairs out of the way, Brazilian well goes back online
Following a temporary interruption of production, Enauta has restarted production from a well located on a field offshore Brazil.
Namibia gets $544 mln boost for green hydrogen production as it looks to catalyze shipping’s decarbonization
Namibia, one of the world’s sunniest countries, is investing strenuous efforts in exploiting its abundant natural resources to produce renewable energy, most notably green hydrogen, and position itself as a renewable energy hub. “Namibia is comfortable with being a first mover in an industry that is
Keppel gets jobs for two more jack-up rigs
Keppel Offshore & Marine has secured assignments for two additional jack-up rigs, which will be deployed in Saudi Arabia.
Maersk: We need an end date for fossil fuels in shipping
The only way to lower greenhouse gas emissions in shipping and entice companies to set zero-emission targets in the sector is by setting an end date for fossil fuels in the shipping industry through a global regulation, Maersk’s Chief Advisor for Green Transition Concepción Boo Arias said. “It is ve
SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm
Dutch-Norwegian company SolarDuck has been awarded a contract for the world’s largest hybrid offshore floating solar power plant at the offshore wind park Hollandse Kust West VII in the Netherlands.
Shell comes aboard subsea 3D printing joint industry project
Shell has joined a joint industry project dedicated to developing and testing advanced 3D printing technologies as an in situ, metal-to-metal, repair method for subsea assets. Shell joins project partners Kongsberg Ferrotech, Equinor, Gassco and SINTEF who have been working on this industrial projec
New action plan comes into the limelight to accelerate decarbonisation
With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.