The Port of Aberdeen, the UK’s oldest business, now boasts the country’s newest harbor, signaling a vibrant future for energy, trade, and tourism in Scotland’s journey towards net zero emissions. Namely, the port’s £420 million (USD 514 million) expansion project was officially inaugurated on Friday
CNOOC Limited has kicked off production from an oilfield second adjustment project in the Bohai Sea offshore China.
With only two months left until the COP28 climate summit in Dubai, all eyes are turned to global leaders to take concrete steps to keep the goal of limiting global warming to 1.5 °C within reach. While the fossil fuels industry faces growing dissatisfaction from environmental activists, leaders from
A deep dive into the backlash and other prominent reactions related to the UK’s Prime Minister’s recent changes in net-zero policy.
General trading company Itochu Corporation and marine fuels supplier Peninsula Petroleum have executed a memorandum of understanding (MoU) on the joint development of ammonia bunkering in Spain. Itochu stated that, together with Peninsula and future partners, it aims to establish a global ammonia su
Wintershall Dea has secured a drilling permit from Norway’s authorities to spud a wildcat well in the Norwegian Sea.
In a show of collective dissent, hundreds of employees of Hamburger Hafen und Logistik AG (HHLA) rallied on Tuesday to protest against the proposed partial sale of the company to the Swiss container shipping giant, MSC (Mediterranean Shipping Company). The demonstrators marched from the HHLA headqua
Equinor, on behalf of Aker BP, is in the process of concluding the drilling of an exploration well in the North Sea.
Nexans Marine Operations has placed an order with Ulstein Verft for the construction of its new cable-laying vessel (CLV), said to be an updated version of the Nexans Aurora. The “large” DP3 vessel, based on the Nexans Aurora design as developed by Skipsteknisk, will be able to carry out the transpo
Wave-powered desalination innovator Oneka Technologies has secured €8.7 million through equity round of financing, attracting various new investors on board. Oneka Technologies closed its main Series A equity round of financing with €8.7 million (CA$12.5 million) investment led by the Hoffecker Fami
Equinor has received consent to use one of Transocean’s semi-submersible rigs for exploration drilling at a block in the Norwegian Sea.
Malaysia’s state-owned energy giant PETRONAS, through its wholly-owned subsidiary PETRONAS CCS Ventures, has teamed up with compatriot shipowner MISC Berhad and Japanese shipping major Mitsui O.S.K Lines (MOL) on the development and commercialization of Liquefied Carbon Dioxide (LCO2) carriers. The
German transmission system operator (TSO) 50Hertz Transmission has selected two contractors to perform boulder removal in the Baltic Sea and North Sea. Germany’s Heinrich Hirdes and UK-based Hughes Subsea Services have secured contracts with 50Hertz Offshore for boulder removal services on the cable
Copenhagen-based coating supplier Hempel has opened a new production facility in Zhangjiagang, China as a way of responding to the growing demand for coating solutions. The inauguration ceremony for the new production facility comes three years after the announcement of expansion plans to meet the g
