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'Major' oil & gas OEM taps CRP Subsea for project in Angola
Business & Finance

‘Major’ oil & gas OEM taps CRP Subsea for project in Angola

England-based CRP Subsea has secured multiple contracts with a “major oil and gas original equipment manufacturer (OEM)” to deliver equipment for a deepwater project in Africa. CRP Subsea will deliver integral buoyancy modules, hold back clamps, Uraduct and bend stiffeners for the umbilical project

about 2 years ago
Fulmar platform; Source: Repsol
Business & Finance

UK regulator serves Repsol with highest fine to date amid GHG flaring and venting crackdown

The NSTA has given Repsol the highest fine issued so far for emitting GHG from three fields into the atmosphere without permission.

about 2 years ago
MOL
Business & Finance

MOL to issue world’s first blue bonds in shipping

Japanese shipping major Mitsui O.S.K. Lines (MOL) has decided to issue blue bonds through a public offering in Japan’s domestic market in January 2024.

about 2 years ago
European project demonstrates potential for significant reduction in tidal energy costs
Business & Finance

European project shows potential for significant reduction in tidal energy costs

A European project led by Scottish tidal energy developer Nova Innovation has demonstrated that the cost of tidal energy could potentially be reduced by as much as 40%. The €20 million EnFAIT (Enabling Future Arrays in Tidal) Horizon 2020 project brought together seven partners including Nova Innova

about 2 years ago
ANCAP
Business & Finance

‘Historic’ moment for Uruguay: Shell, APA, and YPF seal deals for offshore hydrocarbon exploration

ANCAP has tucked a new milestone under its belt with the signing of contracts for four offshore blocks with three oil and gas players.

about 2 years ago
Molgas becomes Titan’s strategic partner in boosting clean fuels market
Business & Finance

Molgas becomes Titan’s strategic partner in boosting clean fuels market

Low-emissions marine fuels supplier Titan has closed a funding round for a 45% equity stake with further follow-on rights from downstream LNG and renewable gases company Molgas Energy, backed by infrastructure fund investor InfraVia Capital Partners. As explained, the investment in Titan aims to acc

about 2 years ago
Hydrogenious Clarksons
Business & Finance

Clarksons and Hydrogenious team up on large-scale commercialization of clean hydrogen

Clarksons Specialised Products, a unit of UK shipbroker Clarksons, has signed a Memorandum of Understanding (MoU) with Germany-based Hydrogenious LOHC Technologies to collaborate on a roadmap to establish a maritime supply chain for the bulk transportation of green hydrogen in chemical tankers using

about 2 years ago
Tripartite partnership pursues GHG storage acreage offshore Australia
Business & Finance

Tripartite partnership pursues GHG storage acreage offshore Australia

DeepC Store and Azuli International have agreed to jointly pursue and acquire greenhouse gas (GHG) storage acreages in Commonwealth waters offshore Australia said to have strong potential for significant CO2 storage capacities. The two companies have jointly bid for GHG Assessment Permits released b

about 2 years ago
Shipping; Illustration
Business & Finance

4th Poseidon Principles report shows improvement in banks’ alignment with decarbonization targets

The Poseidon Principles, a regulatory framework for responsible financing of shipping, has released its fourth annual disclosure report sharing signatories’ climate alignment scores. The initiative has grown in number, with 34 signatories from 13 different countries together representing around 80%

about 2 years ago
Perdido platform; Source: Shell
Business & Finance

Shell gears up for drilling campaign in Gulf of Mexico to enrich its hydrocarbon arsenal

Shell has greenlighted a phased three-well program to bolster production at a development in the U.S. Gulf of Mexico (GoM).

about 2 years ago
All main approvals in place for €2.8 billion UK-Germany link
Business & Finance

All main approvals in place for €2.8 billion UK-Germany link

NeuConnect, the first-ever energy link between the UK and Germany, has been granted all key regulatory approvals following the second partial approval for the construction and operation of the converter station on the German side. The Oldenburg State Trade Inspection Office (GAA Oldenburg) has grant

about 2 years ago
UK reveals winners of first hydrogen allocation round
Business & Finance

UK reveals winners of first hydrogen allocation round

UK government has concluded the first hydrogen allocation round (HAR1) and selected eleven projects, totaling 125 MW capacity, to receive over £2 billion (around $2.5 billion) of revenue support from the Hydrogen Production Business Model. Launched in July 2022, HAR1 represents the largest number of

about 2 years ago
Ursa platform in the U.S. Gulf of Mexico; Source: Shell
Business & Finance

Shell becomes sole owner of Gulf of Mexico field

Shell has gotten its hands on the remaining stake in a deepwater field in the U.S. Gulf of Mexico, which has been developed as a subsea tie-back to the nearby Ursa production hub.

about 2 years ago
Illustration/CETO wave energy array
Business & Finance

Carnegie becomes industry partner on project testing novel concrete material for WECs

CETO Wave Energy Ireland (CWEI), a wholly-owned subsidiary of Carnegie Clean Energy, has secured €45,238 in funding to participate as an industry partner in the WECHULL+ Project which will investigate and test a novel concrete material for wave energy converters (WECs). The funding was provided by S

about 2 years ago
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