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Yara invests in electrolysis technology firm to boost hydrogen production
Business & Finance

Yara invests in electrolysis technology firm to boost hydrogen production

As part of the ambition to decarbonize fertilizer production and enable the hydrogen economy, Yara Growth Ventures, an investment arm of Norwegian Yara International, has invested in Dynelectro, a Danish innovator that develops technologies to unlock the potential of solid oxide electrolysis (SOE).

about 2 years ago
Stena Carron drillship drilled one of ExxonMobil's recent discoveries in Guyana; Source: Stena Drilling
Business & Finance

Once sea trials are out of the way, Stena drillship going back to Guyana

One of the drillships owned by Stena Drilling, an offshore drilling contractor, has completed its 15-year special period survey (SPS).

about 2 years ago
Offshore areas’ map for Open Uruguay Round; Source: ANCAP
Business & Finance

As ink dries on signed license off Uruguay, search for partners coming up soon

Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) has formally signed a license for a shallow water exploration block off Uruguay.

about 2 years ago
ADNOC
Business & Finance

Deployment of over 30 AI tools brings ADNOC $500 million while slashing emissions

ADNOC has used more than 30 AI solutions across its full value chain to curb its emissions footprint while generating $500 million in value during 2023.

about 2 years ago
ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy
Business & Finance

ORE Catapult: 10 technology innovations key to 80% cost reduction of UK tidal energy

A new report by the Offshore Renewable Energy (ORE) Catapult has identified ten technology innovations, subsea hubs among others, that could result in an 80% cost reduction in tidal stream energy, making it lower than current nuclear energy prices if successfully commercialized. The ten technology i

about 2 years ago
David Thompson, Trillion interim CFO; Source: Trillion Energy
Business & Finance

While on the hunt for new CFO, Trillion hand-picks interim one

Canada’s oil and gas player Trillion Energy has appointed an interim CFO and is on the lookout for someone to fill the role permanently.

about 2 years ago
Two more CO2 storage areas up for grabs offshore Norway
Business & Finance

Two more CO2 storage areas up for grabs offshore Norway

The Norwegian Ministry of Energy is inviting applications for two areas for CO2 injection and storage in the North Sea, representing the sixth time acreage is being announced for CO2 storage on the Norwegian Continental Shelf (NCS). The Norwegian Ministry of Energy announced two areas for CO2 storag

about 2 years ago
Oil sheen off Huntington Beach; Source: U.S. Coast Guard
Business & Finance

Probe into oil sheen off Huntington Beach still underway

In response to an oil sheen observed off the coast of Huntington Beach, 85 gallons of product has been recovered.

about 2 years ago
Carnegie Clean Energy raises over $2M to support ‘first ever’ CETO deployment in Europe
Business & Finance

Spain awards €2.1M for Carnegie’s CETO wave energy device deployment

Carnegie Clean Energy’s wholly-owned subsidiary Carnegie Technologies Spain has secured a €2.1 million grant from the Basque Energy Agency to support the deployment of its CETO wave energy device at Biscay Marine Energy Platform (BiMEP) in the Basque Country. The grant has been awarded by Ente Vasco

about 2 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Winds of change sweep across UK’s energy sector

The UK has decided to pull out of the Energy Charter Treaty (ECT) and prolong the windfall tax on oil and gas producers’ profits.

about 2 years ago
Another Finland-Estonia electricity interconnection shut down due to technical fault
Business & Finance

Another Finland-Estonia electricity interconnection shut down due to technical fault

After the second HVDC electricity interconnection between Estonia and Finland named EstLink 2 went offline due to cable system failure, Estonian transmission system operator (TSO) Elering reported that a fault had also been detected in the first electrical connection between the two countries. EstLi

about 2 years ago
Air Liquide and Vopak looking into ammonia and hydrogen infrastructure in Singapore
Business & Finance

Air Liquide and Vopak looking into ammonia and hydrogen infrastructure in Singapore

Industrial gas supplier Air Liquide and infrastructure provider Vopak have joined forces to look into the development and operation of infrastructure for ammonia import, cracking, and hydrogen distribution in Singapore. The companies have formalized their intention through a memorandum of understand

about 2 years ago
Valaris 247 jack-up rig; Source: Valaris
Business & Finance

After drilling ops with Valaris rig, gas flows from North Sea well

Perenco has brought on stream a near-field discovery within the Ravenspurn South area of the Southern North Sea.

about 2 years ago
Sumitomo places multi-million-pound order for cable carousels for its Scottish factory
Business & Finance

Sumitomo places multi-million-pound cable carousel order for its Scottish factory

Japan-headquartered Sumitomo Electric Industries has placed a multi-million-pound order for cable storage carousels for its power cable factory in Scotland. THREE60 Energy reported it had signed a contract with Sumitomo to design and deliver cable storage carousels for the power cable factory in Nig

about 2 years ago
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