Energy News Beat Modec Floater expert Modec has signed a memorandum of understanding with Carbon Clean Solutions for the development and deployment of FPSO-based offshore post-combustion carbon capture technologies. The agreement seeks to accelerate the deployment of Carbon Clean’s onboard carbon capture solution for Modec-designed FPSOs. The work under the deal will take Carbon Clean’s […]
Energy News Beat EuropeOffshoreRenewables Van Wijngaarden Marine Services Van Wijngaarden Marine Services Dutch-based firm Van Wijngaarden Marine Services has signed a letter of intent with the Kooiman Marine Group for the design and construction of a next-gen DP2 multi-purpose vessel (MPV). The vessel will have a diesel-electric hybrid propulsion system with the latest IMO Tier […]
Energy News Beat PetroServ The Indonesian arm of Italian energy major Eni has exercised a well option for one of Ventura Offshore’s rigs. Ventura said that Eni Indonesia exercised the first of four optional wells in Indonesia for the 2012-built semisub SSV Catarina. The exercise of this first optional well is expected to keep the […]
Energy News Beat EuropeOffshore Allseas Allseas Marine construction specialist Allseas has launched a five-year plan to design, develop, and deploy a small modular reactor tailored for both offshore vessels and onshore use. Both uses have their benefits, as nuclear offers energy density with zero emissions and a stable, scalable power supply. Onshore, SMRs can ease […]
Energy News Beat Sagitta Marine managing director Thomas Zaidman argues why smaller shipowners are a necessary force – not a risk – in the market. The recent Geneva Dry conference saw shipowners converge in huge numbers to listen to panels on many matters of interest to the market across two days. Among them, the risk […]
Energy News Beat Maritime tech experts discuss how to make sure ships spend less time in port in the latest installment from Ship Concept 2035, our brand new magazine. Any holistic report into how ships will operate in the future such as our brand new magazine, Ship Concept 2035, needs to look at the ports […]
Energy News Beat The Fed improves its Standing Repo Facility to prevent another repo market blowout as the balance sheet continues to drop. By Wolf Richter for WOLF STREET. Total assets on the Fed’s balance sheet declined by $36 billion in May, to $6.67 trillion, the lowest since April 2020, according to the Fed’s weekly balance sheet today. […]
