As the climate crisis intensifies, so do legal challenges for hydrocarbon projects, especially in the United Kingdom (UK), where two North Sea operators and climate activists are locked in a court battle with the potential to put the fossil fuel industry out of commission.
Denmark-headquartered power cable manufacturer and installation firm NKT is nearing completion of its expansion project in Alingsås, Sweden, with access to the test hall and new buildings set for next month. NKT announced it was expanding its operations in Alingsås to boost the production capacity o
OKEA has received the Norwegian government’s blessing to move forward with its plan for the development and operation (PDO) of an oil and gas field in the North Sea off the coast of Norway, which will be tied back to an existing platform.
South Korea’s shipbuilder Hanwha Ocean has closed its acquisition of Singapore-based offshore builder Dyna-Mac, which specializes in manufacturing marine plant topside structures for floating production, storage, and offloading (FPSO) and floating liquefied natural gas (FLNG) units.
As part of President Biden’s ‘Investing in America’ agenda, the U.S. Department of Energy (DOE) has awarded up to $2.2 billion to two regional clean hydrogen hubs.
BP has expanded its footprint offshore Trinidad and Tobago by securing access to a new block, where the company has not undertaken any hydrocarbon exploration activities.
South Korean Taihan Cable & Solution is planning to build its second submarine cable manufacturing facility, adjacent to the first one whose first phase was launched earlier this year. Taihan opened the first phase of its first submarine cable plant which focuses on producing inter-array cables, cov
Three Norsepower rotor sails (NPRS) have been installed onboard the 100,400 dwt Post Panamax bulk carrier Chinook Oldendorff, marking the ‘first stage’ in the collaboration between Germany’s Oldendorff Carriers and Finland’s Norsepower Oy to “advance” wind-assisted propulsion in shipping. As disclos
Norwegian company Navigare Shipping Logistics has ordered four diesel-electric GADUS vessels from Dutch shipbuilder Thecla Bodewes Shipyards.
Nordic energy company Gasum has signed a letter of intent (LOI) with Finnish shipping company Viking Line on joining Gasum’s FuelEU Maritime pooling service.
Swedish e-fuel plant developer Liquid Wind has secured €44 million in Series C financing to support the development of ten e-fuel facilities by 2027. The raise, which is said to be one of the largest funding rounds in Europe for e-fuels this year, was led by Uniper, HYCAP Fund I SCSp, and Samsung Ve
Rotterdam-based CSL OWL Subsea Rock Installation (CSL OWL SRI), a newly formed partnership between The CSL Group and Offshore Wind Logistics (OWL), has placed an order for the construction of two subsea rock installation vessels that will service the offshore wind sector. The DP2 vessels will each h
Hydrogen projects face risks from uncertainties of future hydrogen demand and high costs, and the EU is likely to miss the 2030 strategic goal of 20 Mt renewable hydrogen consumption, according to a hydrogen monitoring report from the European Union Agency for the Cooperation of Energy Regulators (A
Danish ferry and logistics company DFDS has completed the acquisition of the international transport network of Ekol Logistics, headquartered in Türkiye’s capital city of Istanbul. As disclosed, DFDS purchased the Turkish logistics player for a debt-free price of DKK 1.8 billion (about €240 million)
