Wärtsilä will invest €50 million in expanding its R&D center in Vaasa, aiming to meet the growing demand for sustainable technologies and alternative fuels in maritime and energy sectors. The post Wärtsilä’s €50M R&D investment to support development of future fuel-ready engines appeared first on Offshore Energy.
Borr Drilling has secured a batch of assignments for three jack-up rigs and shed more light on the contracting developments and movements across the rest of its jack-up fleet. The post Rig trio finds new jobs: Busy times ahead for jack-ups in Borr Drilling’s fleet appeared first on Offshore Energy.
Japanese major Mitsubishi Heavy Industries (MHI) has established a branch office of Mitsubishi Heavy Industries Australia (MHI-AUS) in Perth, Western Australia, to accelerate business developments in hydrogen, ammonia and carbon capture, utilization and storage (CCUS). The post MHI expands presence in Australia to boost developments in hydrogen, ammonia and CCUS appeared first on Offshore Energy.
The European Union (EU) has set a target to increase the consumption of green hydrogen to 20 million tons (Mt) by 2030. The post Near-term investments, supportive policies to ensure bankability of green hydrogen projects, report finds appeared first on Offshore Energy.
A new initiative has been launched to accelerate the availability, affordability and deployment of sustainable maritime fuels and low and zero-emission vessels and technology in the Pacific Northwest. The post Sustainable Maritime Fuels Collaborative launched to drive maritime transition in Pacific Northwest appeared first on Offshore Energy.
KE STP and BG International, subsidiaries of UK-headquartered energy giant Shell operating in Suriname, have signed a contract with Stena Drilling for a mobile offshore drilling unit (MODU) from its fleet. The post Shell books Stena drillship for Suriname campaign appeared first on Offshore Energy.
The commercial industrial gases market in India generated revenues of just over $1.82bn in 2024, up from $1.3bn in 2014, according to a new gasworld Intelligence report. However, the industrial gases market did not perform as well as in the first decade (2000 to 2011) with 2016, 2020 and 2023 all recording drops in activity from the prior year. The metallurgical industry is by far the largest end-user of industrial gas in India, accounting for 39% of total sales (equivalent to $708m). Induustrial gas major Linde is the most significant company, with a 26% market share, equating to $466m in revenues, while INOX Air Products (a joint venture between INOX Leasing and Finance Ltd and Air Products) is next largest with 25% (equating to $456m). Air Liquide and Air Water have market shares of around… Read More »India country report: Market for industrial gases grows $500m in decade | Business Intelligence
The United States Department of the Interior has instructed its Bureau of Ocean Energy Management (BOEM) to hold the next scheduled oil and gas lease sale in the Gulf of America. The post US eyes June 2025 lease round to reclaim ‘energy dominance’ with fresh Gulf of America acreage appeared first on Offshore Energy.
Singapore’s ship management company Eastern Pacific Shipping (EPS) has performed its 350th ship-to-ship (STS) liquefied natural gas (LNG) bunkering operation. The post EPS completes 350th ship-to-ship LNG bunkering operation appeared first on Offshore Energy.
French container shipping and logistics major CMA CGM has unveiled a five-year strategic partnership with compatriot artificial intelligence startup Mistral AI. The post CMA CGM to transform shipping, logistics activities through generative AI appeared first on Offshore Energy.