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MOL invests in US firm developing commercial-scale fusion reactor

As part of a consortium of 12 Japanese companies, Japanese shipping company Mitsui O.S.K. Lines (MOL) has invested in Commonwealth Fusion Systems (CFS), a US-based fusion energy company. The post MOL invests in US firm developing commercial-scale fusion reactor appeared first on Offshore Energy.

MODEC and AFC joining forces on African offshore infrastructure

Japan’s MODEC has executed a co-operation agreement with infrastructure solutions provider Africa Finance Corporation (AFC) to jointly work on floating production, storage, and offloading (FPSO) units projects and other maritime infrastructure projects in Africa. The post MODEC and AFC joining forces on African offshore infrastructure appeared first on Offshore Energy.

Carlyle buying Altera’s FPSO business

UK-based Altera Infrastructure (Altera) intends to sell its entire floating production storage and offloading (FPSO) business to global investment firm Carlyle. The post Carlyle buying Altera’s FPSO business appeared first on Offshore Energy.

DNV renews maritime collab with Singapore Institute of Technology

Class society DNV has renewed its memorandum of understanding (MoU) with the Singapore Institute of Technology (SIT), continuing their collaboration in maritime education, applied research, and innovation. The post DNV renews maritime collab with Singapore Institute of Technology appeared first on Offshore Energy.

BW Offshore emerges as preferred FPSO bidder for Canada’s $12B oil project

Equinor has taken another step to bring to life its oil project off the coast of Newfoundland and Labrador by inking heads of agreement (HoA) with BW Offshore for a floating production, storage, and offloading (FPSO) unit that will be deployed on the Canadian project, which was put on ice for three years a couple of years ago. The post BW Offshore emerges as preferred FPSO bidder for Canada’s $12B oil project appeared first on Offshore Energy.