Business & Finance
ExxonMobil makes new discovery in Angola’s waters
U.S. oil major ExxonMobil has made a discovery in waters offshore Angola after drilling an exploration well using a Valaris-owned drillship.
Ofgem: FAB Link retains cap and floor regime in principle
FAB Link, an interconnector that will link Great Britain and France, is retaining its cap and floor regime in principle, Ofgem announced following the needs case reassessment for the project. The FAB Link project, being jointly developed by FAB Link Limited and Réseau de Transport d’Électricité (RTE
ABS green-lights COSCO’s ammonia-fueled vessel design
COSCO Shipping Heavy Industry Co. and COSCO Shipping Heavy Industry Technology have won two approvals in principle from ABS classification society for their ammonia-fueled vessel and ammonia supply system designs which are being trialed on a tugboat. Given the challenging characteristics of ammonia,
SIMEC Atlantis appoints MeyGen chief as tidal power project makes progress
SIMEC Atlantis Energy has made ‘good progress’ in the delivery of its commercial-scale tidal energy array at MeyGen site in Scotland.
Conrad wins Indonesian acreage containing gas discoveries
Conrad has been named as the winning bidder for the ONWA and OSWA PSCs located offshore of the Aceh Province of Indonesia.
Uniper partners with NewMed Energy on LNG and hydrogen to minimise energy crisis
German energy company Uniper and Israel’s NewMed Energy will explore ways of collaborating on the supply of liquefied natural gas (LNG) in the short and long term and producing blue and green hydrogen. The parties have signed a non-binding memorandum of understanding (MoU) to look into the supply of
Diamond Offshore secures long-term deal in Brazil
Offshore drilling contractor Diamond Offshore has been awarded a new drilling programme with Petrobras in Brazil for the Ocean Courage rig.
EIB to back Italy’s subsea link with €1.9 billion
Italian transmission system operator (TSO) Terna and the European Investment Bank (EIB) have signed a €500 million finance contract for the east section of the Tyrrhenian Link connecting Sicily with Campania. The loan is the first tranche of a total of €1.9 billion approved by the EIB for the Tyrrhe
Briggs Marine enters Japanese offshore wind market
Horizon Ocean Management (HOM), a subsidiary joint venture between Mitsui and Japan’s wind turbine maintenance company Hokutaku, has signed a collaboration agreement with the UK-based Briggs Marine to establish an offshore wind operations and maintenance (O&M) consultancy and service provision offer
Conrad’s revised plan for Indonesian gas field development gets govt approval
Conrad Asia Energy has received written approval from the Indonesian government for the POD Revision for the Mako gas field offshore Indonesia.
Prysmian expands cable-laying fleet
Prysmian Group has expanded its cable-laying fleet to five vessels with the addition of the ultra-shallow-water barge Barbarossa I. With the addition of Barbarossa I, Prysmian said it can now provide the full range of subsea cable-laying solutions, from the shallowest coastal waters in Northern Euro
Himalaya’s LNG-powered bulkers hit the water at New Times Shipyard
New Times Shipbuilding in China has launched two LNG dual-fuel bulk carriers being built for Bermuda-based bulk carrier company Himalaya Shipping. The two 210,000 dwt vessels, named Mount Norefjell and Mount Ita, are the first two vessels from a series of twelve newcastlemax dry bulk vessels under c
Sparrows to take care of cranes on Ghana FPSO
Sparrows Group has secured a two-year contract to provide crane maintenance services onboard Tullow Oil’s FPSO Kwame Nkrumah in Ghana.
Grand Canyon III to sport NES battery pack
Norwegian Electric Systems (NES), a subsidiary of HAV Group, has secured a contract with Volstad Maritime to deliver the battery pack and associated control system for battery charging to the offshore construction vessel Grand Canyon III. NES will provide the equipment to the Grand Canyon III in con