QatarEnergy and China Petroleum & Chemical Corporation (Sinopec) have entered into a 27-year sale and purchase agreement (SPA) for the supply of 4 million tons per annum (mtpa) of liquefied natural gas (LNG) to China. The contracted LNG volumes will be supplied from QatarEnergy’s North Filed East (N
Norwegian companies Aker Solutions and Seabed Separation have entered into a technology cooperation agreement to promote a new subsea separation concept that is said to help reach Environmental Sustainability Goals (ESG). The new concept, named the Dual Pipe Separator (DPS), is said to solve the cha
Shipping organizations are urging politicians in the European Union to agree on a life-cycle approach of green fuels for the shipping industry in order to kick-start the necessary investments and deliver on the emission reduction targets from the Paris Agreement and the EU Green Deal. An open letter
Swedish company Ocean Harvesting Technologies has secured grant funding from the Swedish Energy Agency to perform sea trials of its InfinityWEC wave energy device.
UAE-based ADNOC Drilling has inked a deal to acquire three new jack-up drilling rigs, as part of its fleet expansion strategy.
Prysmian has secured a circa €150 million contract with the Greek electricity grid operator Independent Power Transmission Operator (IPTO) for an interconnector that will link the islands of Milos, Folegandros and Santorini. The connection is part of Phase D of the Cyclades’ electrical interconnecti
Aibel has secured an extension for maintenance and modification (M&M) work on the Johan Sverdrup field in the North Sea off Norway.
Japanese energy giant JERA has teamed up with compatriot shipping majors Nippon Yusen Kabushiki Kaisha (NYK) and Mitsui O.S.K. Lines (MOL) on the transportation of fuel ammonia for the Hekinan Thermal Power Plant, expected to begin commercial operation in the late 2020s. The three companies signed M
In the aftermath of COP27, many argue that very little progress was made on the phasing out of fossil fuels.
Under the recently opened €3 billion call for innovative next-generation low-carbon technologies as part of EU’s Innovation Fund, ocean energy technologies and projects have been specifically listed as eligible to apply for a share of €1 billion under two call topics.
CorPower Ocean has completed the system integration of its first commercial scale wave energy converter, the CorPower C4.
BIMCO, the world’s largest international shipping association, has adopted a CII Operations Clause for Time Charter Parties which aims to help the industry implement new carbon intensity requirements from the International Maritime Organization (IMO). The regulations on the carbon intensity of inter
The UK offshore industry will be “hit hard” by the recent tax changes on oil and gas production, which threaten to drive out investors and drive up imports, leaving consumers increasingly exposed to global shortages, UK’s representative body for the offshore energy industry Offshore Energies UK (OEU
Industrial gas supplier Air Products and Oiltanking Deutschland, a subsidiary of energy company Mabanaft, plan to build Germany’s first large-scale, green energy import terminal in the Port of Hamburg. The companies have signed a joint development agreement as an important step towards the developme
