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Business & Finance

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NKT confirmed as power cable supplier for Scottish subsea links
Business & Finance

NKT confirmed as power cable supplier for Scottish subsea links

Denmark’s NKT has signed a framework agreement with the Scottish transmission system operator (TSO) SSEN Transmission to deliver power cable systems for two high-voltage direct current (HVDC) transmission links in Scotland. NKT on August 28, 2023, confirmed the reservation of production and offshore

about 2 years ago
Karim Badawi, Minister of Petroleum and Mineral Resources; Source: Egypt's Ministry of Petroleum and Mineral Resources
Business & Finance

Egypt sets its cap on attracting multibillion-dollar oil & gas investment while adding more renewables to its energy mix

Egypt is determined to stimulate investment in hydrocarbon exploration and field development to drill 586 oil and gas wells by 2030 while also pursuing opportunities in scaling up renewable energy deployment to bring further green power to its electricity grid.

about 2 years ago
Cable installation on schedule at first US full-scale wave energy test site
Business & Finance

Cable installation on schedule at first US full-scale wave energy test site

Cable installation for what is the first pre-permitted, utility-scale, grid-connected wave energy test site in the U.S. is scheduled to commence later this month. The cables will support Oregon State University’s PacWave South facility, which when completed will allow wave energy developers to test

about 2 years ago
Kuwait Oil Company (KOC)
Business & Finance

‘Large’ oil & gas discovery springs up offshore Kuwait

Kuwait Petroleum Corporation (KPC) has revealed a big oil and gas discovery at an offshore field east of Failaka Island, off the coast of Kuwait, fueling hopes of finding more hydrocarbons to boost the country’s resources.

about 2 years ago
Gram Car Carriers
Business & Finance

MSC acquires Gram Car Carriers, expanding reach in car transportation market

SAS Shipping Agencies Services Sàrl, a subsidiary of MSC Mediterranean Shipping Company — the world’s largest container shipping company, has taken a majority stake in Norwegian transportation company Gram Car Carriers (GCC).

about 2 years ago
Illustration; Source: Geo Oceans
Business & Finance

Robotic cargo oil tank inspections on FPSO pioneered by Australian firm

Geo Oceans has completed what it says is the first cargo oil tank inspection using remote robotic technology only, without any manned entry.

about 2 years ago
Shell's field disappears from horizon with heaviest offshore lift ever performed
Business & Finance

Shell’s field disappears from horizon with heaviest offshore lift ever performed

Allseas has completed the removal of the fourth and final platform from Shell’s Brent field in the UK’s North Sea as part of a decommissioning project that took over a decade to conclude. The Brent oil and gas field, located northeast of the Shetland Islands, was one of the largest fields in the Nor

about 2 years ago
Australian subsea services providers unite into one
Business & Finance

Australian subsea services providers unite into one

Australian companies Geo Oceans, part of Vertech Group, and Blue Ocean Marine Services have merged, combining Geo Oceans’ small ROV, subsea inspection, and marine science technologies with Blue Ocean’s expertise in unmanned and remotely operated survey technologies. “We are excited about this merger

about 2 years ago
Cai Mep LNG Terminal; Source: Nebula Energy
Business & Finance

Singaporean firm to import its ‘first spot LNG cargo’ to China

Dubai-headquartered AG&P LNG has signed an agreement with Singapore’s BK LNG Solution (BKLS) to import the latter’s spot LNG cargo to China.

about 2 years ago
Dynelectro secures €11 million for electrolyzer technology development
Business & Finance

Dynelectro secures €11 million for electrolyzer technology development

Dynelectro has raised €11 million to develop and deploy its 1-MW dynamic electrolyzer unit (DEU) at European Energy’s Danish renewable energy facility.

about 2 years ago
'World's largest FPSO unit' launches in China
Business & Finance

Fore part of hull launches in China for ‘world’s largest FPSO unit’

Chinese state-owned engineering company ZPMC has launched the fore part of the hull for what it says is the world’s largest floating production storage and offloading (FPSO) unit, destined to work for Brazilian oil and gas company Petrobras. The fore part of the hull for the N1151 (P-82) FPSO exited

about 2 years ago
B10 platform installation; Source: Petrogas
Business & Finance

Dutch player’s North Sea field starts producing gas

Petrogas E&P Netherlands, an affiliate of Oman-based Petrogas E&P, has started production on a gas field in the Dutch North Sea.

about 2 years ago
UAE player wins H2Global pilot auction for ‘significant’ renewable ammonia supply to Europe
Business & Finance

UAE player wins H2Global pilot auction for ‘significant’ renewable ammonia supply to Europe

Abu Dhabi-based Fertiglobe, a strategic partnership between ADNOC and OCI Global, has emerged as the winning bidder of the first H2Global pilot auction for renewable ammonia, funded by the German Federal Ministry for Economic Affairs and Climate Action (BMWK). As the winning bidder, Fertiglobe will

about 2 years ago
FPSO Atlanta; Source: Enauta
Business & Finance

Announced strikes might take a hit on production start of Brazilian FPSO

The start of production from Enauta’s FPSO Atlanta is facing possible delays due to the announced strike of public officials in Brazil.

about 2 years ago
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