The container shipping market is bustling with activity as container shipping giants Maersk, Evergreen, and CMA CGM collectively place orders for up to staggering 44 containerships, valued at over $5 billion. Ever Alot. Courtesy of Hudong-Zhonghua Shipbuilding Evergreen has emerged as the biggest spender with a reported order of twenty-four 16,000 TEU containerships. According to …
A consortium consisting of Reliance Industries Limited (RIL) and BP has brought on stream the third deepwater development in block KG D6 off the east coast of India. The production from this block, at its peak, is expected to account for one-third of the country’s domestic gas production, meeting approximately 15 per cent of India’s …
BP and Reliance achieve first gas from third deepwater field off India Read More »
Italy’s oilfield services provider Saipem has secured new contracts, which are worth approximately $1 billion. The first deal is for the engineering, procurement, construction, and installation (EPCI) offshore activities in the Middle East while the second one is for the development of underwater drones in Brazil. Saipem The Italian giant got a new contract in …
Saipem rakes in $1 billion for new assignments with Aramco and Petrobras Read More »
Singapore-based ship management company Eastern Pacific Shipping (EPS) revealed that it has teamed up with Canada-based coatings company Graphite Innovation & Technologies (GIT) to implement the latter’s graphene-based, biocide-free propeller coating across its fleet. Image credit EPS EPS plans to boost the performance of its vessels by applying GIT’s eco-friendly, highly durable, and ultra-low friction foul release …
EPS to apply GIT’s graphene-based propeller coating across its fleet Read More »
Danish company Wavepiston and its two university partners have secured a government grant of over €2 million for a wave energy research project. Wavepiston’s wave energy technology (Courtesy of Wavepiston) Wavepiston, together with DTU – Technical University of Denmark and Aalborg University, secured the grant from the Energy Technology Development and Demonstration Programm (EUDP) The …
Wavepiston and university partners get €2M grant for wave energy project Read More »
Italy-headquartered cabling giant Prysmian Group has divulged its new near-term and net-zero greenhouse gas (GHG) emission reduction targets, which will enable it to reach its sustainability goals. Prysmian Prysmian explains that it is committed to reducing total Scope 1 and 2 GHG emissions by 47 per cent by 2030 compared to the 2019 baseline. In …
Prysmian unveils new ‘challenging’ emission reduction targets on the road to net-zero Read More »
Share this article Seaway7 has signed a contract with ScottishPower Renewables, Iberdrola’s UK arm, for the transport and installation of foundations and inter-array cables for the 1.4 GW East Anglia Three offshore wind farm. The deal is worth between $500 million and $750 million, as per Subsea7’s definition of a very large contract and the …
Seaway7 signs $500+ million contract for East Anglia Three offshore wind farm Read More »
Norwegian seismic company PGS has secured work on the North Sumatra MC2D data rejuvenation project, which will provide a new look at one of the hottest hydrocarbon provinces in Indonesia following the successful Timpan-1 discovery in 2022. The area covering the North Sumatra MC2D data rejuvenation project (Courtesy of PGS) The new 7,700-line km PSDM …
PGS secures data rejuvenation work in Indian Ocean Read More »
Danish green hydrogen provider Everfuel has announced that several milestones were attained towards completing the 20 MW HySynergy phase 1 electrolyzer in Fredericia, Denmark. Archive; Courtesy of Everfuel The company said it obtained environmental approval for the hydrogen plant from the Danish Environmental Ministry, and it made progress on finalizing the electrical system and the …
Electrolyzer facility HySynergy hits several milestones Read More »
UK-headquartered TechnipFMC has secured – what it deems to be – a significant integrated engineering, procurement, construction, and installation (iEPCI) contract with OMV for a gas development project on the Norwegian Continental Shelf (NCS). Berling field concept; Source: OMV According to TechnipFMC, this contract for the Berling gas development project, previously known as Iris Hades, is expected …
Another multi-million dollar deal for TechnipFMC – this time off Norway Read More »
