13 March 2020 Members with ships passing through or operating in the Red Sea and the Gulf of Aden (GOA) are advised to refer to the Industry Releasable Threat Bulletin (IRTB) produced by Combined Maritime Forces (CMF) and European Union Naval Force (EU NAVFOR). The…
Northwestern University and BGN Technologies, the technology transfer company of Ben-Gurion University of the Negev (BGU), announced today the initiation of a US-Israel consortium led by both universities for the development of new technologies to solve global water challenges. The multi-institutional, international programme, called…
HSM Offshore, in close cooperation with Iv-Offshore & Energy, has contracted KenzFigee to provide two 3-ton electric-hydraulic Ram Luffing cranes for the Neart na Gaoithe (NnG) wind farm. The 1300 type Ram Luffing design cranes have a box boom with a length of 12…
AIM-listed UK Oil & Gas (UKOG) has announced that the Oil and Gas Authority has approved the Horse Hill Field Development Plan and consented to the start of long-term production from the field. This key consent will enable net recoverable reserves to be allocated…
OMV AG, Vienna, has entered a deal to take controlling interest of Borealis AG, one of Europe’s leading petrochemical companies. OMV – which currently owns a 36% stake in Borealis – has agreed to buy an additional 39% interest from Mubadala Investment Company for…
Financial derivatives linked to liquefied natural gas are mushrooming as a market crash and a boom in physical trading creates an appetite to manage risk and provides opportunity to speculate on prices. The growth is helping speed up the development of a truly global…
Mubadala Petroleum has increased its interest in its operated G1/48 Concession in the Gulf of Thailand, which includes the Manora field. Tap Oil, a partner in the project, said on the 12th March that Northern Gulf Petroleum had agreed to transfer its 10% shareholding in…
Drone Volt, an embedded artificial intelligence expert and manufacturer of professional civil drones, and Hydro-Québec, Canada’s largest electricity producer and one of the world’s leading hydropower producers, have signed a memorandum of understanding to reach an agreement on the exclusive industrial development and marketing of…
Japan Marine United Corporation has contracted ABB to provide power and control technologies for the wind turbine installation vessel it is building for Shimizu Corporation. This is the first self-elevating wind turbine installation vessel built in Japan. ABB will deliver a closed ring…
The development of renewable energy which is intermittent and decentralised requires the security of the electricity grid through flexible electricity storage capacities, especially in the form of batteries. Total has launched a battery-based energy storage project in Mardyck, at the Flanders Centre, in Dunkirk’s…
