DEMCON Unmanned Systems has carried out inspection tests using one of its uncrewed vessels […] The post DEMCON tests uncrewed inspection methods for wave energy tech off Scheveningen appeared first on Offshore Energy.
Messer has secured €2.45bn ($2.63bn) in long-term financing to support its growth strategy, following a strong full-year performance at the privately owned industrial gas major. The funding includes €1.3bn ($1.4bn) from private placements and €1.15bn ($1.23bn) in promissory notes arranged in 2024. Proceeds were used to fully refinance loans related to the 2019 Messer Industries acquisition, with the company also reporting lower financing costs as a result. After capital expenditure of around €900m ($970m) during the year, Messer ended 2024 with approximately €500m ($540m) in cash, plus net debt of €3.6bn ($3.87bn). The refinancing supports the company’s ongoing infrastructure investments, including a recently announced €60m ($64m) air separation unit at North Sea Port in Belgium. Scheduled to begin operations in 2026, the facility will supply nitrogen, oxygen and argon to industrial customers in the Benelux… Read More »Messer tees up €2.45bn of long-term funds for future projects | Finance
South Korean shipbuilder HD Hyundai Mipo—one of three affiliates under the umbrella company HD Korea Shipbuilding & Offshore Engineering—has won another multimillion-dollar order; this time for two containerships. The post HD Hyundai Mipo bags $111M order for boxship pair appeared first on Offshore Energy.
Italy’s oil & gas giant Eni has reached financial close with the UK Government […] The post UK CCS project enters construction phase with financial close now secured appeared first on Offshore Energy.
Africa’s energy player, Rhino Resources, has confirmed an oil discovery in a petroleum exploration license (PEL) it operates in the country’s Orange Basin. The post Noble rig strikes oil in Namibia’s Orange Basin appeared first on Offshore Energy.
Spanish ferry operator Baleària has wrapped up the first docking tests of the fit-for-future […] The post Baleària’s future-proof fast ferry caps off docking tests appeared first on Offshore Energy.
Singapore-based shipping company Swire Shipping revealed that three of its vessels serving the South Pacific have made the switch to B24 and B30 second-generation biofuel blends. The post Swire Shipping: 3 ships serving the Pacific Islands switch to biofuel appeared first on Offshore Energy.
Black & Veatch, a US-based engineering and construction company specializing in energy infrastructure, has awarded Norway’s logistics solutions provider for the maritime and offshore industries, Marinetrans, with a project logistics contract for two floating liquefied natural gas (FLNG) vessel construction projects. The post Logistics provider picked for Black & Veatch’s FLNG newbuild pair appeared first on Offshore Energy.
Marine energy infrastructure developer Höegh Evi and Wärtsilä Gas Solutions, part of technology group Wärtsilä, have developed what is said to be the world’s first floating ammonia-to-hydrogen cracker. The post Höegh Evi, Wärtsilä roll out ‘world’s first’ floating ammonia-to-hydrogen cracker appeared first on Offshore Energy.
The UK Department for Energy Security and Net Zero (DESNZ) and the German Federal Ministry for Economic Affairs and Climate Action (BMWK) have presented the results of the joint feasibility study on the potential pipeline-based hydrogen trade between the UK and Germany. The post Study confirms ‘great potential’ for future Germany-UK subsea hydrogen pipeline appeared first on Offshore Energy.