A rapid startup of the Nord Stream 2 gas pipeline from Russia to Germany could help calm record-high gas prices in Europe, Kremlin spokesman Dmitry Peskov told reporters on Wednesday, as Moscow awaits for regulatory clearance for gas flows to begin…
U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region…
U.S.-based offshore vessels owner Harvey Gulf International Marine on Thursday announced that it has taken delivery of its second tri-fueled platform supply vessel. The 310-foot Harvey Power is equipped to run on liquefied natural gas (LNG)…
Norwegian offshore support vessel firm DOF said this week its Brazilian subsidiary Norskan had secured a new long-term contract and extended another one with the Brazilian oil company Petrobras.Anchor handler Skandi Botafogo has been awarded…
Docked at a Canadian port, crew members returned from a test run of the Ocean Cleanup's system to rid the Pacific of plastic trash were thrilled by the meager results — even as marine scientists and other ocean experts doubted the effort could succeed…
Norwegian offshore vessel owner Island Offshore has tasked Kongsberg Digital with equipping its whole vessel fleet with Kongsberg Vessel Insight infrastructure solution.With 26 offshore vessels expected to feature Kongsberg's solutions, this…
Dutch FPSO leasing specialist SBM Offshore has completed the project financing of FPSO Sepetiba for a total of US1.6 billion, which SBM Offshore says, is the largest project financing in the company’s history.FPSO Sepetiba, formerly known as Mero 2…
A study, led by maritime design and applied technologies company Artemis Technologies has been awarded £533,000 to investigate transformative solutions to decarbonize crew transfer vessel (CTV) operations in the offshore wind sector.The grant…
Vineyard Wind, which is on track to be the first major U.S. offshore wind farm, closed on a $2.3 billion loan and will begin construction in Massachusetts later this year, its owners said on Wednesday.The senior debt financing allows the project…
SEA-KIT, a company designing and building Uncrewed Surface Vessels (USVs), has won funding to install a PCB-based hydrogen fuel cell, engineered by Bramble Energy, on its 12m USV ‘Maxlimer’ and demonstrate zero-emission maritime operations.SEA…
The UK-based Offshore Renewable Energy (ORE) Catapult has said it has secured funding for five projects as part of the Clean Maritime Demonstration Competition, funded by the Department for Transport and delivered in partnership with Innovate UK…
Marine battery maker Corvus plans an initial public offer (IPO) in the fourth quarter, aiming to list its shares on the Oslo Stock Exchange, its top executive said on Wednesday.The company, which assembles battery cells into giant batteries for ships such as ferries…
Offshore vessel operator and installation services firm Bourbon Subsea Services has recently completed the installation of the 3.6 MW TetraSpar floating wind turbine prototype at a test site in Norway.The TetraSpar Demo project is developed by Stiesdal Offshore Technology…
Russia's Energy Ministry is due to prepare a report in the coming days about the possibility of Rosneft exporting natural gas to Europe via the new Nord Stream 2 pipeline, Interfax cited Deputy Prime Minister Alexander Novak as saying on Wednesday…
Classification Society DNV has granted Gazelle Wind Power a statement of feasibility for its hybrid floating wind platform with, what Gazelle says is, a first-of-its-kind mobile mooring system. Gazelle says that its system combines the best…