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Njord A (for illustration purposes); Credit: Jan Arne Wold & Elisabeth Sahl/Equinor
Authorities & Government

Norway’s gas output nosedives while oil grows

Norway’s gas output has fallen below the one recorded during the month before, last year, and the NPD’s forecast.

about 3 years ago
SeaARCTOS’ emissions monitoring system gets LR’s nod
Business Developments & Projects

SeaARCTOS’ emissions monitoring system gets LR’s nod

Classification society Lloyd’s Register (LR) has awarded a type approval in principle for a self-contained shipboard emissions monitoring system developed by US tech firm SeaARCTOS.

about 3 years ago
Antonio Guterres, UN Secretary-General; Credit: Kiara Worth/UNFCCC
Authorities & Government

UN adopts historic High Seas Treaty

The UN’s 193 member states adopted a legally binding marine biodiversity agreement on Monday following nearly two decades of negotiations over forging a common wave of conservation and sustainability in the high seas beyond national boundaries – covering two thirds of the planet’s oceans. It forms t

about 3 years ago
FSO Palanca; Source: Stapem Offshore
Business & Finance

Another delay bumps acquisition timeline for stakes in Angolan offshore blocks to next month

Afentra plc has run into another delay in completing the deal with Angola’s state-owned oil and gas company Sonangol.

about 3 years ago
MISC teams up with WinGD and DNV for development of next-gen ammonia engines
Business Developments & Projects

MISC teams up with WinGD and DNV for development of next-gen ammonia engines

MISC Berhad (MISC), a provider of energy-related maritime solutions, has signed collaboration agreements with Swiss marine power company WinGD and classification society DNV for the development of ammonia engines for ammonia dual-fueled vessels. Said to mark a historical milestone as the first of it

about 3 years ago
Havila Borg; Source: Havila
Business & Finance

Assignments for two Havila vessels prolonged

Norwegian offshore vessel operator Havila Shipping has secured contract extensions for two of its platform supply vessels (PSVs).

about 3 years ago
Sallaum Lines orders up to six new LNG dual-fuel PCTCs
Business Developments & Projects

Sallaum Lines orders up to six new LNG dual-fuel PCTCs

Swiss shipping company Sallaum Lines has placed an order for up to six new liquefied natural gas (LNG) dual-fuel pure car and truck carriers.

about 3 years ago
Equinor's Hywind Tampen wind farm in the North Sea; Source: Equinor
Business & Finance

UK and Norway’s energy transition tale spotlights oil & gas electrification, offshore wind, CCS, and hydrogen as main chapters

Westwood has looked at the UK and Norway’s net-zero targets and steps being taken to decarbonise the oil and gas industry.

about 3 years ago
Northern Lights
Business & Finance

K Line, partners forge ties with JFE Steel on creation of CCS value chain rooted in Japan

Japanese industry majors Japan Petroleum Exploration Co. (JAPEX), JGC Holdings Corporation (JGC HD), Kawasaki Kisen Kaisha (K LINE), and JFE Steel Corporation have joined hands to embark on a collaborative evaluation with the goal of establishing a carbon capture and storage (CCS) value chain rooted

about 3 years ago
Gasgrid Finland launches market consultations for national hydrogen infrastructure
Business Developments & Projects

Gasgrid Finland launches market consultations for national hydrogen infrastructure

As part of its task to develop national hydrogen infrastructure, international cooperation and hydrogen market around the Baltic Sea region, state-owned transmission system operator Gasgrid Finland has organised a non-binding market consultation for industrial actors to gain insight into their hydro

about 3 years ago
Subsea 7's offer to acquire DOF's entire issued share capital about to expire
Business & Finance

Subsea 7’s offer to acquire DOF’s entire issued share capital about to expire

Subsea 7’s offer to acquire the entire issued share capital of Norway’s DOF Group is expiring at the end of today, 19 June, after the rejection from DOF’s board. Subsea 7 made a proposal on 15 June to the Board of Directors of DOF to acquire the entire issued share capital of the group, offering [&h

about 3 years ago
Wave power for subsea equipment demo grabs oil & gas industry’s attention
Business Developments & Projects

Wave power for subsea equipment demo grabs oil & gas industry’s attention

European and Asian energy companies have paid a visit to a demonstration project for powering subsea equipment with wave power and subsea energy storage, led jointly by Mocean Energy and Verlume with other consortium partners, in Orkney. The €2.3 million (£2 million) project, called Renewables for S

about 3 years ago
Credit; IISD/ENB/Kiara Worth
Business & Finance

Headway made in Bonn but all hopes rest on COP28’s shoulders to tackle emission reduction challenges

The Bonn Climate Change Conference helped lay the groundwork for the political decisions required at COP28 in Dubai at the end of the year.

about 3 years ago
BAR Technologies
Business & Finance

BAR Technologies wins DNV’s type approval

UK tech provider BAR Technologies (BARTech) has been awarded a full Type Approval Design Certificate (TADC) for its wind propulsion technology – BAR Technologies WindWings by Yara Marine Technologies (WindWings) – from classification society DNV. Since being awarded an Approval In Principle (AIP) fo

about 3 years ago
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