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Klaipėda LNG terminal ends 2022 with increase in gas imports
Authorities & Government

Klaipėda LNG terminal ends 2022 with increase in gas imports

The Ministry of Energy of the Republic of Lithuania has reported that in 2022, the amount of gas imported through the Klaipėda liquefied natural gas (LNG) terminal almost doubled. More specifically, 5 million cubic meters or 32.22 TWh of natural gas was delivered. The ministry also said that gas imp

about 3 years ago
Troll A platform in the North Sea; Credit: Harald Pettersen/Equinor
Business & Finance

With additional stake in five discoveries, Equinor bolsters North Sea position

Equinor has strengthened its position in the northern North Sea by inking an agreement to expand its equity interest in five discoveries on the Norwegian continental shelf (NCS).

about 3 years ago
LNG carrier
Vessels

KSOE nets $765 million deal for LNG carrier trio

South Korean shipbuilding heavyweight Korea Shipbuilding & Offshore Engineering (KSOE) has received an order for three liquefied natural gas (LNG) carriers.

about 3 years ago
Illustration; Source: CNOOC
Business & Finance

Major oilfield discovery off China brings hundred million tons reserves

China’s oil and gas player CNOOC Limited has discovered a new oilfield in the Bohai Sea offshore China, which adds another hundred million tons of reserves.

about 3 years ago
Ocean GreatWhite rig; Source: Diamond Offshore
Business & Finance

Diamond Offshore positioned to be ‘key beneficiary’ in deepwater offshore drilling upcycle

Diamond Offshore has recorded strong operational performance during the fourth quarter of 2022 and earned a sixth performance bonus in Senegal.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Authorities & Government

EIA calls for new approach: Throwing carbon prices into the mix to unveil fossil fuel subsidies

The International Energy Agency (IEA) has outlined a new price gap-plus approach that could bring carbon prices and environmental costs into the equation.

about 3 years ago
Copenhagen Infrastructure Partners details involvement in European interconnector projects
Business & Finance

Copenhagen Infrastructure Partners details involvement in European interconnector projects

After having been declared eligible for Ofgem’s third cap and floor window, Copenhagen Infrastructure Partners (CIP) revealed more information about its involvement in three interconnector projects in the North Sea. CIP announced on 28 February that it had acquired close to full ownership in a 4.2 G

about 3 years ago
Illustration; Source: DNV
Authorities & Government

Security of supply to surpass clean and affordable parts of energy trilemma in 2023, says DNV

DNV, a Norway-based classification society, which predicts that energy security will be the top priority in the energy trilemma this year.

about 3 years ago
HUI and RML eye waste plastic to hydrogen plant development opportunities
Business & Finance

HUI and RML eye waste plastic to hydrogen plant development opportunities

Hydrogen Utopia International (HUI), a company specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials, or distributed renewable heat, has entered into an agreement with Rocquaine Management Limited (RML) to explore opportunities for the de

about 3 years ago
Westport picks Chinese city for new hydrogen innovation and manufacturing facility
Business Developments & Projects

Westport picks Chinese city for new hydrogen innovation and manufacturing facility

Westport Fuel Systems, a Canada-based supplier of low-emissions alternative fuel transportation technologies, has revealed its plan to expand its global manufacturing footprint in China with a new hydrogen innovation centre and manufacturing facility in the Changzhou Hydrogen Valley. Specifically, t

about 3 years ago
Inspirer rig; Source: Repsol Norge
Authorities & Government

Repsol tasked with addressing nonconformities on jack-up rig

Norwegian regulator is awaiting a response from Repsol regarding the way the identified nonconformities on a jack-up rig will be handled.

about 3 years ago
Floventis N-Sea
Business Developments & Projects

Surveys completed for Celtic Sea floating offshore wind projects

N-Sea Group has finished a series of benthic and geophysical surveys for Llŷr 1 and Llŷr 2 floating offshore wind projects in the Celtic Sea. N-Sea conducted the offshore surveys using its N-Sea Spirit vessel, establishing a baseline ground model which will be developed as the project matures, Flove

about 3 years ago
West Linus rig; Source: Seadrill
Authorities & Government

After worker suffers ‘crushing injuries’ during work on jack-up rig, probe reveals nonconformities

Norwegian offshore safety regulator has completed an investigation into an incident involving a personal injury during work on a drag chain on a jack-up rig.

about 3 years ago
Illustration/Sabella’s D10 tidal turbine (Courtesy of Sabella)
Business Developments & Projects

OEE: Europe’s industrial leadership in ocean energy increasingly at risk

Weakening competitiveness in ocean energy is a warning sign for Europe’s global cleantech ambitions as its industrial leadership in ocean energy becomes increasingly at risk, warns Ocean Energy Europe (OEE) in its latest statistics report for 2022.

about 3 years ago
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