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Vestmannasund, Faroe Islands. Source: Minesto
Business & Finance

Minesto and partners move forward with Faroe Islands tidal energy project

Swedish tidal energy developer Minesto has kicked off work on a SEK 25 million (€2,2 million) microgrid project in the Faroe Islands, awarded by the Swedish Energy Agency. The company, together with partners Sev, Capture Energy, and IVL, has completed a 1.5-day planning and project set-up workshop a

about 11 months ago
Ramform Tethys
Business & Finance

TGS and Viridien begin seismic survey in ‘strategic area of underexplored’ Brazilian basin

Norwegian energy data and intelligence company TGS and France-based geophysical services company Viridien, formerly known as CGG, have begun a 5,300 square kilometers multi-client 3D seismic survey offshore Brazil. The joint venture partners announced on September 4 the commencement of the Megabar E

about 11 months ago
COSL Pioneer rig; Source: COSL
Business & Finance

As COSL rig wraps up drilling ops at North Sea well, preparations underway for next one

Norway’s oil and gas player Vår Energi is setting the stage to spud the next well on its list off the coast of Norway after drilling its second well in the North Sea with one of COSL Drilling Europe’s semi-submersible rigs.

about 11 months ago
NatPower Marine
Business Developments & Projects

NatPower Marine, Wah Kwong set up JV to build Asian shore power network

NatPower Marine, an independent clean energy enabler for the maritime sector, and Hong Kong-based shipowner Wah Kwong have launched a joint venture (JV) aimed at building and operating a dedicated network of electric shore power across ‘major’ ports in Asia. As disclosed, the joint venture will go u

about 11 months ago
Tullow expands its oil & gas portfolio in Côte d’Ivoire
Human Capital

New CEO taking the helm at Tullow

UK-headquartered Tullow Oil, an independent energy company with operations in West Africa, has appointed a new Chief Executive Officer (CEO).

about 11 months ago
NextGeo finalizes acquisition of share in 61-year-old Italian subsea services firm
Business & Finance

NextGeo finalizes acquisition of share in Italian subsea services firm

Italy-headquartered Next Geosolutions (NextGeo) has completed the acquisition of 75.4% of the share capital of RANA Subsea, a compatriot subsea services company established in 1964, thereby expanding its operations into the Mediterranean and West African countries and broadening its range of service

about 11 months ago
Illustration/CETO wave energy array (Courtesy of Carnegie Clean Energy)
Business & Finance

EU backs €4M wave energy research with Carnegie as tech partner

Australian wave energy developer Carnegie Clean Energy has been named the key technology partner in the COIN (Control-Oriented Innovations for future wave energy farms) project, funded under the Horizon Europe Program with a total budget of €4 million. The four-year initiative, coordinated by Techni

about 11 months ago
Rendering of the proposed Monkey Island LNG terminal
Business Developments & Projects

Louisiana LNG plant to sport ConocoPhillips liquefaction tech

Monkey Island LNG has selected ConocoPhillips’ liquefaction technology for its planned natural gas liquefaction and export facility in Cameron Parish, Louisiana.

about 11 months ago
Blubell 2000 – Blue Ammonia FPSO; Source: Aragon
Business & Finance

Aragon’s FPSO set to bring down zero-carbon ammonia costs and quadruple gas monetization

Aragon, part of Seatrium, has high hopes for a blue ammonia floating production, storage, and offloading (FPSO) unit, which already secured approval in principle (AiP) from classification society American Bureau of Shipping (ABS).

about 11 months ago
IceChem Tankers
Business & Finance

TB Marine, Ektank order two methanol-ready chemical tankers for IceChem pool

Germany’s shipping company TB Marine and its Swedish counterpart Ektank have concluded shipbuilding contracts for four methanol-ready 22,000 dwt chemical tankers.

about 11 months ago
AquaVentus and Hydrogen Scotland partner on hydrogen development in the North Sea
Business Developments & Projects

AquaVentus and Hydrogen Scotland partner on hydrogen development in the North Sea

AquaVentus and Hydrogen Scotland have signed a memorandum of understanding (MoU), intending to strengthen hydrogen production and transport in the North Sea region.

about 11 months ago
Troll A platform; Credit: Øyvind Gravås and Even Kleppa/Equinor
Authorities & Government

‘Profitable’ discoveries on the cards: 20 firms keen on exploring Norway’s oil & gas potential

As countries work on strengthening their energy security with more oil and gas, 20 companies have shown interest in production licenses offered as part of the award in pre-defined areas 2025 (APA 2025) licensing round related to further hydrocarbon exploration activity on the Norwegian Continental S

about 11 months ago
Mibau-Stema
Business Developments & Projects

Chengxi Shipyard wins order for self-unloading clean fuel-ready bulker duo

Danish sustainable aggregates supplier Mibau-Stema has tapped Chengxi Shipyard, a subsidiary of China State Shipbuilding Corporation (CSSC), for the construction of a pair of self-unloading, alternative fuel-ready bulk carriers. According to Greek shipbroker Intermodal’s latest report, Mibau-Stema,

about 11 months ago
A subsea cable stored on a carousel
Business Developments & Projects

NKT wins €650 million power cable contract for Bornholm Energy Island

NKT has signed a contract with the Danish transmission system operator (TSO) Energinet to deliver a high-voltage direct current (HVDC) power cable system for the offshore interconnector linking the Bornholm Energy Island to the power grid on Zealand in Denmark. NKT’s scope of work includes the deliv

about 11 months ago
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