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Lorelay; Source: Allseas
Business & Finance

Allseas on offshore pipelay duty as Porthos takes over North Sea gas assets for CCS revamp

Allseas is putting an offshore pipeline in place for a development that aims to become the first offshore CO2 transport and storage project in the European Union (EU).

about 1 year ago
Offshore platforms at sunset
Business Developments & Projects

‘Sharp downturn’ in green energy leads to structural changes at Aker

Norway’s industrial investment company Aker has inked two strategic agreements, one referring to the purchase of a share its subsidiary Aker Carbon Capture (ACC) holds in its joint venture with SLB, and the other to a merger with its green energy-focused affiliate Aker Horizons.

about 1 year ago
Statkraft halts new green hydrogen projects citing market uncertainty
Business & Finance

Statkraft halts new green hydrogen projects citing market uncertainty

Norwegian renewable energy supplier Statkraft has decided to halt new green hydrogen developments, citing increased uncertainty in the market.

about 1 year ago
Illustration; Credit: Morten Berentsen/NOD
Authorities & Government

‘Larger’ slice for oil & gas exploration on Norway’s new offshore licensing menu

Norway’s Ministry of Petroleum and Energy has launched the award in pre-defined areas 2025 (APA 2025) round for oil and gas exploration activity, covering the predefined areas on the Norwegian Continental Shelf (NCS) with blocks in the North Sea, Norwegian Sea, and the Barents Sea.

about 1 year ago
Norden
Collaboration

Norden conducts first US biofuel journey in ‘measured’ step toward cleaner shipping

Denmark-based maritime transportation player Norden has completed its inaugural biofuel voyage out of the United States, marking the next step in the company’s ambition of supporting a wider application of this clean energy source in shipping. As disclosed, the operation was conducted together with

about 1 year ago
Gasum powers bunker ship with bio-LNG to generate FuelEU Maritime pooling compliance
Business Developments & Projects

Gasum powers bunker ship with bio-LNG to generate FuelEU Maritime pooling compliance

Kairos, an LNG bunker vessel chartered by Nordic energy company Gasum, will run on waste-based bio-LNG and join Gasum’s FuelEU Maritime pool as a compliance generator.

about 1 year ago
CIL and AM Green ink renewable energy supply deal
Business Developments & Projects

CIL and AM Green ink renewable energy supply deal

India’s coal mining company Coal India Limited (CIL) and compatriot green hydrogen and ammonia producer AM Green have signed a formal non-binding memorandum of understanding (MoU) for the long-term supply and sourcing of renewable energy.

about 1 year ago
A large vessel at sea
Business Developments & Projects

LNG newbuild duo finds multi-year gigs as long-term contracts gain momentum

U.S.-listed shipowner Capital Clean Energy Carriers (CCEC) has secured employment for two liquefied natural gas (LNG) carriers under construction at Hyundai Samho. The company has also provided an update on the LNG market status in Q1 2025.

about 1 year ago
Deepsea Bollsta rig; Source: Northern Ocean
Authorities & Government

Odfjell Drilling-managed rig to spud wildcat pair offshore Norway

OMV Norge, a Norwegian subsidiary of Austria-headquartered oil and gas player OMV, has received a drilling permit from the country’s authorities for a wildcat well duo in the Norwegian Sea, enabling it to undertake drilling activities this month with a semi-submersible rig managed by Odfjell Drillin

about 1 year ago
GCMD strikes sustainable finance partnership with ADB to accelerate decarbonization at sea
Business & Finance

GCMD strikes sustainable finance partnership with ADB to accelerate decarbonization at sea

The Global Centre for Maritime Decarbonization (GCMD) has penned a contract with the Asian Development Bank (ADB) to give speed to maritime decarbonization efforts through sustainable finance. As disclosed, the knowledge partnership will strive to advance green financing pathways that support a “sus

about 1 year ago
Noble Interceptor rig; Source: Noble Corporation
Business & Finance

Noble tucks CCS rig tech milestone under its belt

U.S.-headquartered offshore drilling giant Noble Corporation has confirmed the receipt of a certificate related to carbon capture and storage (CCS) rig technology from DNV, an energy expert and assurance provider.

about 1 year ago
NatPower
Business Developments & Projects

NatPower H, HyNaval to jointly support construction of 20 hydrogen-powered vessels by 2030

NatPower H, a developer of infrastructure in the green hydrogen industry with offices in Europe and the US, and HyNaval, a French shipyard focused on the construction and retrofit of hydrogen-powered ships, have signed a memorandum of understanding (MoU) to collaborate on the development of innovati

about 1 year ago
Bridgemans' floatel; Courtesy of Woodfibre LNG
Authorities & Government

Canada’s multi-billion LNG project seeks permit for new floatel to create 900 more jobs

Woodfibre Management, a privately held Canadian company based in Vancouver, is putting the wheels in motion to clear the regulatory hurdles to bring a second floating workforce accommodation, also known as floatel, to its operated $5.1 billion liquefied natural gas (LNG) export project, under develo

about 1 year ago
An offshore rig
Business Developments & Projects

Moldova inks ‘historic’ Black Sea gas deal to bolster energy security

Moldova’s state-owned energy company Energocom has signed what it says is its first long-term gas purchase contract with Southeastern Europe’s integrated energy player OMV Petrom.

about 1 year ago
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