Saipem has entered into two new credit facilities totalling around €860 million with a pool of leading national and international banks.
Houston-based oil and gas company Talos Energy has completed the acquisition of EnVen Energy Corporation, a private operator in the deepwater U.S. Gulf of Mexico, for $1.1 billion. The announcement comes five days after Talos Energy received stockholder approval for the acquisition. With the complet
The number of wind-installed vessels is set to double in the next twelve months, according to estimates from the International Windship Association (IWSA). At the moment, the wind-assisted cargo capacity is standing at 1.4 million dwt with 22 large ships installed, 2 wind-ready ships, and a further
The European Commission has proposed detailed rules to define what constitutes renewable hydrogen in the European Union (EU), with the adoption of two delegated acts required under the Renewable Energy Directive. The acts are part of a EU regulatory framework for hydrogen which includes energy infra
Around 300 construction members of Stork Technical Services UK will be balloted on strike action over rotas and pay on more than 30 offshore installations in the UK Continental Shelf (UKCS), UK’s Unite the union reported. The offshore dispute is centered on working rotas and Stork rates of pay faili
Swiss-based container shipping major MSC Mediterranean Shipping Company has accepted a proposal to jointly fund a settlement with claimants relating to the 2021 Orange County pipeline oil spill. The oil spill resulted in the discharge of approximately 25,000 gallons of crude oil in October 2021 duri
More than 700 offshore members at Bilfinger UK Limited are set to be balloted on strike action in a dispute over pay, says Unite the union.
UK’s Unite the union has confirmed that nearly 100 Odfjell offshore drillers have backed strike action in a dispute over rotas and pay.
Houston-based oil and gas company Talos Energy has received stockholder approval for the acquisition of EnVen Energy Corporation, a private operator in the deepwater U.S. Gulf of Mexico. The deal is expected to double Talos’ operated deepwater facility footprint. Talos Energy announced on 8 February
Finland’s government has adopted a resolution on hydrogen in which it describes the countries’ objectives regarding hydrogen and the measures to promote them. According to the government, Finland’s goal is to become the European leader in the hydrogen economy in the entire value chain, and it has th
Classification society DNV has awarded an Approval in Principle (AiP) to Michelin for their WISAMO wing sail system. DNV said that this was the first AiP to have been awarded to an inflatable wing sail design. The wing prototype with a surface area of 100 sqm is being installed on Compagnie Maritime
Dutch gas infrastructure company Gasunie has applied to the European Commission for Project of Common Interest (PCI) status, proceeding with its intentions to develop a hydrogen network in the German part of the North Sea. Gasunie’s application is part of the international Clean Hydrogen for Europe
Korean industry majors, led by shipping heavyweights HMM and Sinokor, have joined forces on the development of nuclear-powered ships. The Memorandum of Understanding (MoU) was signed earlier today by representatives of Gyeongju city, the Gyeongbuk Province, Korea Atomic Energy Research Institute, th
Wellesley Petroleum has received consent from Norway’s regulator for exploration drilling in the Norwegian Sea.
