Seatrium enlists Axess for compliance work on Brazil-bound FPSOs

(offshore-energy.biz) Norway-headquartered asset integrity management company Axess Group has won contracts with Singapore’s Seatrium to secure compliance with Brazilian standards for six floating production storage and offloading (FPSO) units set to work with Brazil’s state-owned energy giant Petrobras. The Norwegian player disclosed that it will assist Seatrium with Brazilian Regulatory Compliance (BRC) services for six... Continue Reading →

August 6, 2025 0

Castrol – Is the subsea industry underestimating the continuing need for hydraulic fluids?

By Rafael Clemente, Key Sales Account Manager, Castrol Castrol explains why subsea hydraulic systems will be integral as we look for proven, viable solutions that are commercially feasible and do the job Operators today face an unenviable challenge: deploying new technology in more complex locations while increasing uptime and reliability at the same time. The... Continue Reading →

August 5, 2025 0

WindEurope: EUR 6.4 Billion Needed for Ports and Vessels to Meet Offshore Wind Goals

(offshoreWIND.biz) Europe needs to invest an extra EUR 6.4 billion in port facilities and new vessels to reach its offshore wind energy goals, according to WindEurope. Currently, Europe can install and maintain about 10 GW of offshore wind annually, enough to meet its 2030 energy security targets, but after 2030, this capacity must rise to... Continue Reading →

August 4, 2025 0

OPT Finds Tech Delivery Partner for Mexican Maritime Markets

(OE) U.S.-based low-carbon marine power, data, and service solutions provider Ocean Power Technologies (OPT) has signed a new reseller agreement with a Latin America-based partner focused on supporting the Mexican offshore and maritime markets. The partnership significantly expands OPT’s commercial footprint across Latin America, leveraging the reseller’s regional presence and relationships within Mexico. Under the... Continue Reading →

July 25, 2025 0

Top UN court says treaties compel wealthy nations to curb global warming

July 23 (Reuters) - The United Nations' highest court on Wednesday told wealthy countries they must comply with their international commitments to curb pollution or risk having to pay compensation to nations hard hit by climate change. In an opinion hailed by small island states and environmental groups as a legal stepping stone to make... Continue Reading →

July 24, 2025 0

Britain to lift offshore wind auction power price guarantees by 11%

July 24 (Reuters) - Britain will increase the guaranteed price offered for offshore wind projects in this year’s renewables auction by 11%, government documents showed, amid rising costs for projects due to inflation and supply chain bottlenecks. The Labour government is facing mounting pressure from opposition parties over the affordability of its net-zero plan and... Continue Reading →

July 24, 2025 0

Equinor Takes $955M Impairment Hit on US Offshore Wind Farm

(Reuters) Norway's Equinor said on Wednesday it booked a $955 million impairment on an offshore wind project in the United States, despite the lifting of an earlier ban on its construction by President Donald Trump's administration. In April, Interior Secretary Doug Burgum said the administration of former President Joe Biden had failed to conduct enough... Continue Reading →

July 23, 2025 0

Global oil and gas emissions standard put on pause after Shell, others walk away, FT says

(Reuters) Shell and other leading energy groups have abandoned a six-year-long attempt to define a net zero emissions strategy after being told that such a standard would require them to stop developing new oil and gas fields, the Financial Times reported on Tuesday, citing documents seen by the newspaper. Shell, Norway's Aker BP and Canada's Enbridge... Continue Reading →

July 22, 2025 0

Seatrium secures $400 million sustainability-linked credit facility

(offshore-energy.biz) Singapore-headquartered offshore, maritime, and energy solutions provider Seatrium has secured a $400 million sustainability-linked revolving credit facility with United Overseas Bank (UOB). Seatrium stated that the credit facility, secured through its wholly owned subsidiary Seatrium Financial Services (SFS), aligns with the sustainable finance framework and includes revolving credit features that will enhance the company’s... Continue Reading →

July 16, 2025 0

UK Bags $10B Japanese Investment for Offshore Wind and Hydrogen Projects

(OE) The U.K. government has unlocked $10.1 billion investment into key clean energy projects, like offshore wind and hydrogen, with the signing of a new deal with the Sumitomo Corporation in Tokyo. Sumitomo Corporation aims to facilitate the investment into key U.K. infrastructure and clean energy projects by 2035, backing the government’s aim to significantly... Continue Reading →

July 9, 2025 0

Category: decarbonisation