Business & Finance

Elogen picked for European Commission’s Hydrogen IPCEI
French tech company for PEM electrolysis Elogen said that its project has been selected by the European Commission as part of the Hydrogen IPCEI (Important Project of Common European Interest).

Gasunie picks N-Sea for BBL pipeline survey
N-Sea Offshore has won a contract with Gasunie to deliver offshore acoustic survey services for the BBL subsea pipeline between the Netherlands and the UK. N-Sea will carry out an acoustic survey of approximately 230 kilometers of offshore pipeline in the Southern North Sea, between Balgzand in the

Brazilian giant carrying out assessment of recent oil discovery
Petrobras has completed the drilling of a well off Brazil and is working to establish the full potential of this play.

San Francisco: Zero-emission ferry network in the making
The San Francisco Bay Area Water Emergency Transportation Authority (WETA), a regional public transit agency, has secured a $14.9 million grant from the California State Transportation Agency (CalSTA) to develop a high-frequency battery-electric ferry network in San Francisco. The grant will be used

Ocean Yield opts for another methanol-ready boxship
Norwegian shipowning company Ocean Yield AS is buying another methanol-ready boxship newbuilding for long-term charter.

UAE’s ADNOC Drilling expands its fleet as India’s Aban unloads another rig
India’s Aban Offshore has closed the sale of one of its jack-up drilling rigs to the UAE-headquartered ADNOC Drilling.

New long-term deal for Solstad vessel in Australia
Solstad Offshore has inked a long-term deal for one of its PSVs with an undisclosed energy company for operations off Australia.

Red alert for EU: How can Europe prevent a major gas crunch?
Amid the global energy crisis, coordinated actions across the EU are essential to prevent a major gas crunch, says the IEA boss.

Gulf of Mexico: 1 million gallons of oil collected from 18-year-old spill over past three years
The U.S. Coast Guard has contained and collected over one million gallons of oil discharged from wells connected to a toppled platform.

Prysmian secures first construction permits for Massachusetts subsea cable factory
Prysmian has received the first layer of approval of the construction permits for the development of its new subsea cable plant in Brayton Point, Massachusetts, which will service the U.S. offshore wind sector. Construction is planned to start in the summer of 2023 and to take two years. With a $200

Island Drilling’s rig gets started on its next gig
Island Drilling has completed its work with Dana Petroleum on the UKCS and moved to its next assignment in the UK North Sea.

OPT’s loss for 2022 widens, with slight rise in revenues
US-based marine energy company Ocean Power Technologies (OPT) has increased its net loss for the fiscal year 2022, compared to the same period a year earlier, recording also a slight rise in revenues for the period.

Shell picks Australian firm to support optimisation and decarbonisation of five Gulf of Mexico assets
Shell has hired Worley to support five assets in the U.S. Gulf of Mexico (GOM) on their low-carbon journey.

SEE MONSTER embarks on its transformation prior to opening doors in August – gallery
After arriving at its new home, a decommissioned North Sea platform is about to start its transformation into a public art installation.