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Masdar sets up new office in Azerbaijan to back country’s clean energy goals
Business & Finance

Masdar sets up new office in Azerbaijan to back country’s clean energy goals

Abu Dhabi’s renewable energy company Masdar has opened a new office in Baku, Azerbaijan, to strengthen its support for the country’s renewable energy development. During the inauguration event for the office, located in Port Baku Tower, Masdar pledged to work with the goverment and other stakeholder

about 3 years ago
HH2E and LEAG to boost hydrogen economy in Germany
Business & Finance

HH2E and LEAG to boost hydrogen economy in Germany

Energy companies HH2E and LEAG have signed a Memorandum of Understanding (MoU) in which they confirmed their intention to work together to set up a regional and national green hydrogen economy in Germany. According to HH2E, this should happen in connection with planned projects of both companies in

about 3 years ago
Ever Acme
Green Marine

Watch: World’s largest containership squeezes through Suez Canal

Evergreen’s giant 24,000 TEU containership Ever Acme transited the Suez Canal on Friday, 3 of February, while underway on its maiden voyage from Malaysia to the Netherlands. The ship is the newest addition to Evergreen’s A-type vessel series and can carry over 24,000 containers. The head of the Sue

about 3 years ago
Norwegian energy giant hires DOF vessels
Business & Finance

Norwegian energy giant hires DOF for subsea decommissioning work

DOF Subsea has secured an engineering, preparatory works, removal, transportation, recycling and disposal (EPRD) contract with Norwegian state-owned energy giant Equinor. The contract is for the Heimdal subsea decommissioning works and includes the recovery and disposal of approximately 2,000 tons o

about 3 years ago
A photo of an offshore wind farm taken from the top of a wind turbine
Business Developments & Projects

Equinor and SSE eye green hydrogen production for 1.32 GW Dogger Bank D offshore wind farm

SSE Renewables and Equinor, the developers of the Dogger Bank Wind Farm in the UK, are exploring two options for Dogger Bank D, the fourth wind farm the partners are looking to build as part of the development. These include using Dogger Bank D for electricity that would feed into the UK grid and/or

about 3 years ago
Woodside and partners to work on Sunrise fields studies, LNG included
Business Developments & Projects

Woodside and partners to work on Sunrise fields studies, LNG included

The Sunrise Joint Venture (SJV), comprising operator Woodside Energy (33.44%), TIMOR GAP (56.56%), and Osaka Gas Australia (10.00%), have committed to undertake a concept select program for the development of the Greater Sunrise fields. Woodside said the SJV will consider all of the key issues for d

about 3 years ago
Smart green Shipping
Business & Finance

Smart Green Shipping nets more funding as it readies for demonstration of its FastRig wingsail

Smart Green Shipping, a systems design and engineering company based in Dumfries, has secured £ 1.35 million investment for its development of retrofit sails and technology for sustainable commercial ships. MOL Drybulk Ltd (MOLDB), a 100% owned subsidiary of Mitsui O.S.K. Lines, and Scottish Enterpr

about 3 years ago
Scarabeo 8 rig; Source: Saipem
Authorities & Government

Aker BP all set to spud North Sea wildcat with Saipem rig

Aker BP has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 3 years ago
TGS set to conduct 4D survey in Gulf of Mexico
Business & Finance

TGS set to conduct 4D survey in Gulf of Mexico

Norwegian seismic player TGS has signed a letter of authorization (LOA) to carry out a proprietary 4D OBN survey in Walker Ridge canyon in the U.S. Gulf of Mexico.

about 3 years ago
Eesti Gas to bring 10 LNG cargoes to Klaipeda and Inkoo terminals
News

Eesti Gas to bring 10 LNG cargoes to Klaipeda and Inkoo terminals

Estonian energy company Eesti Gaas has made agreements with two large LNG terminals in the Finnish-Baltic region to bring a total of ten LNG cargoes by the fall of this year. Under the agreements, Eesti gas will bring three deliveries to the port of Klaipeda in Lithuania in the winter and seven to t

about 3 years ago
Baleària
Business Developments & Projects

Wärtsilä to power Baleària’s LNG-fuelled fast ferry

Finnish technology group Wärtsilä has been contracted to supply dual-fuel engines and high-performance axial flow waterjets for Baleària’s new high-speed RoPax ferry powered by liquefied natural gas (LNG).

about 3 years ago
Maersk
News

Drewry: Maersk not likely to seek membership in other alliances post-2M

Danish container shipping major Maersk is likely to pursue a development strategy outside of a carrier alliance once its partnership with MSC under 2M ends in 2025. The two liner majors announced the breakup two weeks ago hinting that the move would send shock waves across the container shipping ind

about 3 years ago
West Carina drillship (for illustration purposes); Source: Seadrill
Business & Finance

U.S. offshore rig count goes down a notch

Baker Hughes’ rig count report: The number of offshore rigs in the U.S. dropped for the third week in a row, slipping to 12 units last week.

about 3 years ago
BalticSeaH2 project moves forward
Business & Finance

BalticSeaH2 project moves forward

Gasgrid Finland, a Finnish state-owned company and transmission system operator, has announced that a joint hydrogen valley project, BalticSeaH2, between Finland and Estonia is underway. Gasgrid said the 5-year project will next proceed to the preparation of a financing agreement with the Clean Hydr

about 3 years ago
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