Norway-based offshore vessel owner Simon Møkster Shipping has signed a collaboration agreement will Finland-based maritime engine and equipment maker Wärtsilä to carry out a feasibility study on utilizing ammonia as the main fuel in dual-fuel engines where LNG is the alternative fuel…
Finland-based marine equipment and technology provider Wärtsilä will upgrade Siem Offshore's platform supply vessel ‘Siem Pride’ for hybrid engine and battery propulsion. The upgrade will enable the vessel to reduce the number of engines in…
Vard Electro will deliver its largest battery package to date as part of a vessel retrofit deal with the Norwegian offshore vessel owner Siem Offshore.The contract covers Vard Electro’s SeaQ Energy Storage System (ESS) with two battery packs and a DC link…
ADC Energy, an Aberdeen-based offshore rig inspection firm, has announced the completion of a trial with 'a major rig owner' that found that an upgrade to Dynamically Positioned (DP) rigs power systems can reduce carbon emissions by nearly 5…
Canadian naval architecture firm Robert Allan Ltd. has unveiled a methanol-fueled RAptor 2400 crew transfer vessel (CTV), bringing the offshore wind industry closer to eliminating carbon emissions from the supply chain.As a marine fuel, methanol…
Marine electrical systems supplier Vard Electro will equip Atlantic Towing's platform supply vessel Atlantic Shrike with a hybrid battery power system.'Atlantic Towing is the first company to implement this multiple mode application of battery…
Germany-based 'cleantech' provider FUELSAVE has signed a contract with offshore drilling company Seadrill to deploy its advanced combustion conditioning technology on Seadrill's drillship.The technology promises to reduce primary fuel oil consumption and cut Co2 and GHG emissions from the rig…
A tiny hedge fund dealt a major blow to Exxon Mobil Corp on Wednesday, unseating at least two board members in a bid to force the company's leadership to reckon with the risk of failing to adjust its business strategy to match global efforts to combat climate change…
Marine engineering and propulsion company Royston has said it has recently completed engine overhaul work onboard Stena Drilling's drillship Stena DrillMAX, ahead of the rig's departure for work in Guyana.'Work on the 228m length ‘Stena DrillMAX’ saw a 48…
The activist investor leading a proxy fight to reshape Exxon Mobil Corp on Monday named the four directors it wants shareholders to remove at the oil company's upcoming annual general meeting.The investor, Engine No. 1, is a small fund that last year took on the top U…
Norwegian offshore vessel operator Siem Offshore has tapped Finnish maritime technology firm Wärtsilä to help it cut emissions and fuel consumption aboard two well intervention vessels.The two vessels, the Siem Helix 1 and Siem Helix 2, each operate with eight Wärtsilä 32 engines…
Floating Production Storage and Offloading (FPSO) vessels are essential tools in the search for oil in deeper waters, further from shore-based facilities. Typically, the large FPSO is stationary with a number of wells feeding oil into its holds…
FPSO operator Bluewater Services signed a framework agreement with marine engineering and maintenance firm Royston for engine overhaul, repair, and associated services on two of its FPSOs.Under the agreement, Royston will carry out planned engine…
ExxonMobil added a new director to its board after months of investor pressure and the top U.S. oil producer on Tuesday also posted its first annual loss as a public company due to the COVID-19 pandemic hammering energy prices.Tan Sri Wan Zulkiflee Wan Ariffin…
More than 135 investors managing more than $2 trillion are forming a coalition to push Exxon Mobil Corp into making sweeping changes including refreshing its board and focusing more on energy transition, people familiar with the matter said on Friday…