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Business & Finance

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IMO Assembly
Business & Finance

IMO picks Council members but Net Zero Framework hiatus raises red flag for potential fragmentation of shipping decarbonization

The Assembly of the International Maritime Organization (IMO), a specialized agency of the United Nations responsible for regulating and improving international shipping, has elected Member States to serve on three categories of the IMO Council. Meanwhile, EmissionLink’s Managing Director has warned

about 9 months ago
Eastern Pacific Shipping (EPS)
Business & Finance

12-vessel newbuild deal brings Chinese shipbuilder up to $1.6 billion

China’s shipbuilding player Hengli Heavy Industries has received a newbuilding order for 12 vessels with Singapore-based Eastern Pacific Shipping (EPS).

about 9 months ago
Man pointing at offshore platform
Business & Finance

TotalEnergies and Chevron fortify oil & gas ties with Nigerian farm-out deal

France’s energy giant TotalEnergies has strengthened its oil and gas bonds with the U.S.-headquartered Chevron by inking a deal to divest a partial stake in two exploration licenses off the coast of Nigeria to Star Deep Water Petroleum Limited, a Chevron company.

about 9 months ago
Tallink's MyStar vessel; Source: Gasum
Business & Finance

Gasum’s FuelEU Maritime pool another vessel richer as Tallink turns to bio-LNG

Gasum, a Nordic gas sector and energy market player, has struck a pooling and liquefied biomethane (bio-LNG) deal with Elenger, said to be the largest privately owned energy company in the Baltic-Finnish region and Tallink’s fuel provider. This enables a shuttle vessel to run on bio-LNG and yield ad

about 9 months ago
Camilla Kiss, Acting President, Kongsberg Discovery and Niels Peter Christiansen, CEO, MacArtney Underwater Technology Group; Courtesy of Kongsberg Discovery
Business & Finance

Kongsberg Discovery and MacArtney enhancing defense, energy, and ocean science underwater menu

Kongsberg Discovery, part of Norway’s Kongsberg Gruppen, has taken a step to combine its offering with MacArtney Underwater Technology to create a new level of turnkey capability in towed underwater sensing solutions for defense, energy, and ocean science spheres.

about 9 months ago
Shearwater platform in the North Sea; Source: Shell
Business & Finance

Shell and Equinor breathe life into UK North Sea’s ‘largest’ independent oil & gas producer

Adura, an incorporated joint venture (IJV) between the UK’s Shell and Norway’s Equinor, has been born, combining the two energy heavyweights’ offshore oil and gas operations on the UK Continental Shelf (UKCS).

about 9 months ago
FPF-1; Source: Ithaca Energy
Business & Finance

Subsea7 lands multimillion-dollar decom gig in UK waters

Luxembourg-domiciled Subsea7 has been hired on an off-station decommissioning services assignment on the UK Continental Shelf (UKCS).

about 9 months ago
Rendering of Cahiracon FSRU site; Courtesy of Gas Networks Ireland
Business & Finance

Ireland handpicks spot for FSRU gas reserve to stave off supply shortfalls

Emerald Isle has unveiled the location where its new strategic gas reserve (SGER) will be situated as a floating storage and regasification unit (FSRU). This FSRU will be owned and operated on behalf of the Irish state by Gas Networks Ireland, which operates and maintains Ireland’s €3 billion, 14,75

about 10 months ago
Illustration; Courtesy of SSEN Transmission
Business & Finance

Scotland’s clean energy zest grows as it signs off on new subsea cable link and Banniskirk Hub

Scottish transmission system operator (TSO) SSEN Transmission has collected all permissions needed for a high voltage direct current (HVDC) subsea cable link between Sinclair’s Bay in Caithness and Rattray Head near Peterhead, thanks to a marine license for the subsea electricity transmission projec

about 10 months ago
Turbine for MeyGen tidal energy array; Courtesy of SAE Renewables (SAE), formerly known as Atlantis Energy
Business & Finance

Scotland’s giant tidal array project pencils in subsea works for next month

A project, which is described as the world’s largest tidal stream energy development, has put subsea activities on the agenda for December 2025 in Scotland’s Pentland Firth.

about 10 months ago
Eldfisk Complex; Source: ConocoPhillips
Business & Finance

Aker Solutions lines up multimillion-dollar job at North Sea oil & gas duo

Norway-based energy services provider Aker Solutions has won a multi-year brownfield maintenance and modification (M&M) services assignment with ConocoPhillips Skandinavia, a subsidiary of the U.S.-headquartered energy giant ConocoPhillips.

about 10 months ago
COSL Prospector rig; Source: Canarship
Business & Finance

COSL rig good to go on Barents Sea oil & gas drilling quest

Norwegian authorities have signed off on exploration drilling activities Norway’s oil and gas player Vår Energi is planning to undertake in the Barents Sea, with a semi-submersible rig owned by COSL Drilling Europe, an offshore drilling player.

about 10 months ago
NAGA 4 jack-up rig; Source: Velesto
Business & Finance

New program fortifies safety readiness across Malaysia’s oil & gas contractor and vendor sphere

Malaysia’s Velesto Energy has joined forces with the Department of Occupational Safety and Health (DOSH) to bring a new project into play as a structured framework aimed to strengthen safety readiness across the oil and gas industry’s contractor and vendor ecosystem.

about 10 months ago
Courtesy of Porthos
Business & Finance

Dutch CO2 quintet paving the way for Northwest Europe’s cross-border CCS network

Five Dutch CO2 infrastructure projects, which signed grant agreements under the Connecting Europe Facility (CEF Energy), have set their cap on spotlighting how their collaboration lays the groundwork for a cross-border CO2 transport and storage network, linking emitters in Northwest Europe with perm

about 10 months ago
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