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Balticconnector; Source: European Commission
Business & Finance

Following incident, Balticconnector pipeline capacity getting a boost to strengthen regional gas system

Gasgrid and Elering have revealed an increase in the technical capacity of the Balticconnector interconnection point.

about 2 years ago
Braveheart Spirit vessel; Source: N-Sea
Business & Finance

N-Sea bolsters its subsea offering by prolonging charter deal for 2010-built vessel

N-Sea has extended its long-term charter agreement for a 73.2-meter-long and 16.5-meter-wide DP2 survey vessel.

about 2 years ago
Lhyfe secures €14 million grant to build its first hydrogen plant in Spain
Business & Finance

Lhyfe secures €14 million grant to build its first hydrogen plant in Spain

French hydrogen producer Lhyfe has been awarded a grant of up to €14 million to develop its first green hydrogen production plant in Spain. The grant was awarded H2 Pioneros, a funding call created in Spain to support initiatives in renewable energy, green hydrogen, and energy storage. Lhyfe’s proje

about 2 years ago
Saltend Chemicals Park; Source: Xodus
Business & Finance

‘Herculean effort’ needed to unleash CCUS at scale, but repurposing North Sea oil & gas infrastructure offers a boon for Europe

Xodus has unveiled a new whitepaper, which was produced in partnership with Subsea7 and designed as a tool for assessing the relative cost efficiency of carbon capture, utilization, and storage (CCUS) projects and the timeline for their viability.

about 2 years ago
Everfuel: HySynergy 1 on track for start-up in first quarter of 2024
Business & Finance

Everfuel: HySynergy 1 on track for start-up in first quarter of 2024

Danish green hydrogen company Everfuel is progressing with work to start up its flagship project HySynergy 1 in the first quarter of 2024 and implement a realigned strategy focused on scaling green hydrogen production. On November 22, the company published its third quarter 2023 financial results, s

about 2 years ago
Euronav
Business & Finance

Frontline completes exit from Euronav as Belgian tanker major opens ‘new chapter’ under Alexander Saverys’ reins

Norwegian tanker major Frontline has completed the sale of its stake in Euronav cementing the acquisition of a fleet of 24 ECO very large crude carriers (VLCCs) from the company and formally becoming the largest pure-play tanker owner in the public domain measured by dwt. The transaction is part of

about 2 years ago
FPSO Egina; Source: TotalEnergies
Business & Finance

TotalEnergies working with Nigerian authorities to contain pollution in the wake of offshore oil spill

TotalEnergies has joined forces with several Nigerian organizations, including the Nigerian Maritime Administration and Safety Agency (NIMASA), to address and manage the potential impacts of a crude oil spill that took place during loading operations at a field in the OML 130 production license offs

about 2 years ago
Türkiye Petrolleri A.O. (TPAO)
Business & Finance

While pursuing more renewable power, Türkiye boosts gas production with new Black Sea platform

Türkiye believes that more oil and natural gas, especially LNG, go hand in hand with decarbonization and the buildout of green energy.

about 2 years ago
Illustration (Courtesy of EMEC/Copyright Alstom)
Business & Finance

EMEC launches restructuring as it awaits for more favorable tides

The European Marine Energy Centre (EMEC), the world’s first and leading facility for demonstrating and testing wave and tidal energy converters, has started consultations with its staff to restructure the company.

about 2 years ago
Frugal Technologies
Business & Finance

Emerson invests in Frugal Technologies to cut fuel consumption in shipping

The US-based global automation technology company Emerson has made a strategic investment in Frugal Technologies, a Danish company offering fuel optimization technologies.

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

North Sea represents £20 billion business opportunity for decom industry, says UK trade body

OEUK’s report: Shutting down obsolete North Sea energy installations is a business opportunity worth over £20 billion over the next decade.

about 2 years ago
A Clean Gulf Associates 95-foot response vessel skims crude oil approximately 4 miles southeast of South Pass Louisiana, Nov. 17, 2023; Source: U.S. Coast Guard, courtesy Clean Gulf Associates
Business & Finance

Source of Gulf of Mexico oil spill still unknown following over million gallons discharge – gallery

Clean-up activities are still ongoing in response to a crude oil spill in the Gulf of Mexico near MPOG’s pipeline system close to Plaquemines Parish, Louisiana.

about 2 years ago
Petrobras and Shearwater set up partnership to 'reshape seismic exploration'
Business & Finance

Petrobras and Shearwater set up partnership to ‘reshape’ seismic exploration

Norway’s Shearwater GeoServices and Brazilian state-owned oil and gas giant Petrobras have entered into a multi-year collaborative technology agreement aimed at reshaping seismic exploration and field developments in Brazil. The commitment will encompass the industrialization of Shearwater’s marine

about 2 years ago
Illustration; Source: Equinor
Business & Finance

Equinor: Oil & gas activities bode well for Norway with ‘strong’ ripple effects bringing billions of dollars

Deliveries to exploration, operation, and modification of Equinor’s operated fields and onshore plants in Norway exceeded NOK 93 bln in 2022.

about 2 years ago
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