Aker Solutions, Schlumberger and Subsea 7 have entered into agreements to form a joint venture, with the goal of delivering a step change in subsea production economics. The proposed joint venture will comprise the subsea businesses of Schlumberger and Aker Solutions, with Subsea 7 purchasing 10% of
Houston-headquartered Helix Energy Solutions has acquired interest and operatorship in a field in the Gulf of Mexico.
VG-Shipping Oy, the parent company of Finnish marine logistics company Meriaura Oy, revealed it will become a majority owner of compatriot solar thermal systems provider Savosolar Oyj.
Scottish marine energy company QED Naval has informed that its ongoing crowdfunding campaign has already been 210% oversubscribed, with two more days left for additional investments.
Chinese shipbuilder China Merchants Jingling Shipyard (Weihai) and shipping services provider China-Japan International Ferry have held a signing ceremony for the new environmentally friendly shipbuilding project. The signing ceremony for the roll-on/roll-off (RoRo) passenger ferry took place on 26
Verlume, a UK-based intelligent energy management and storage technologies specialist, has strengthened its leadership team with several new appointments.
Ocean Renewable Power Company (ORPC) has partnered up with local communities and businesses in Chile to accelerate the country’s transition from diesel to renewable energy with its marine energy technology.
Jersey-based maritime leasing platform Neptune Maritime Leasing Limited has joined the United Nations Global Compact, the largest corporate sustainable development initiative in the world, a voluntary leadership platform for the development, implementation and disclosure of responsible business prac
Northern Lights, a joint venture between Equinor, Shell and TotalEnergies, and Norwegian chemical company Yara have signed what is said to be the world’s first commercial agreement on cross-border CO2 storage and transport, marking a ‘major milestone’ for decarbonising Europe. Northern Lights and Ya
During the past six months, China’s CNOOC has ramped up its hydrocarbon production and doubled its net profit.
TEPCO Power Grid is set to participate in the NeuConnect project – the first UK-Germany subsea interconnector – as it has entered into a share purchase agreement with the shareholders of FI1 Limited, a minority shareholder in the project. TEPCO Power Grid signed the agreement with the shareholders v
Canada’s Belledune Port Authority (BPA) has signed a memorandum of understanding (MOU) with Niedersachsen Ports Wilhelmshaven, Germany, to collaborate on the movement of dry and liquid bulk commodities, and manufactured products, between Canada and Germany, with a focus on clean fuels and green prod
Carbon capture is expected to become a new reality in the energy sector, especially having in mind that fossil fuels are here to stay and transitioning to alternative fuel sources is expected to last a couple of decades at least. Fears are being raised that a massive upscaling of carbon capture espe
FAR has consolidated its ownership of two Gambian blocks and is looking for partners to fund the exploration programme for these blocks.
