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FPSO Petrojarl I; Source: Enauta
Business & Finance

Brazilian FPSO now likely to be back online by November

Enauta has changed the timeline for the restart of production from an FPSO vessel, which is working on a field off Brazil.

about 2 years ago
Anchoring solutions provider selected for Ørsted's USVs
Business & Finance

Anchoring solutions provider selected for Ørsted’s USVs

Anchoring solutions specialist Maxwell Marine has won a contract to design and supply a technical anchoring system for uncrewed surface vessels (USVs) for the world’s leading offshore wind developer Ørsted. The USVs will be used for offshore met-ocean measurement campaigns in the wind farm industry

about 2 years ago
Rendering of the floating liquefied natural gas solution which received AiP; Source: Bumi Armada
Business & Finance

Bumi Armada unveils new FLNG concept in response to rising gas demand

Bumi Armada has received the American Bureau of Shipping’s approval in principle (AIP) for a new FLNG infrastructure solution.

about 2 years ago
EU backs Dutch hydrogen innovator Battolyser Systems with €40 million
Business & Finance

EU backs Dutch hydrogen innovator Battolyser Systems with €40 million

Supported by a guarantee from the InvestEU Fund, the European Investment Bank (EIB) has signed a €40 million financing deal with Dutch hydrogen innovator Battolyser Systems. According to EIB, the financing will enable Battolyser to scale its production facility in Rotterdam towards mass production o

about 2 years ago
Offshore Energies UK (OEUK)
Business & Finance

As UK’s offshore oil & gas industry slashes emissions, low-carbon era inches closer

OEUK has revealed in a new report that Britain’s offshore oil and gas industry has curbed its emissions footprint by 24% compared to 2018.

about 2 years ago
ExxonMobil
Business & Finance

With $64.5 billion merger in the works, ExxonMobil set on reinforcing US energy security and curbing emissions

ExxonMobil is in the process of acquiring Pioneer Natural Resources in an all-stock transaction, which will expand its U.S. footprint.

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

Net-zero by 2050 ambition at risk: In with renewables and out with fossil fuels ‘far from fast enough,’ warns DNV

DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.

about 2 years ago
Greek TSO takes over the baton for EuroAsia Interconnector
Business & Finance

Greek TSO takes over the baton for EuroAsia Interconnector

EuroAsia Interconnector Limited, project promoter of the European Project of Common Interest (PCI 3.10), and Greek electricity grid operator Independent Power Transmission Operator (IPTO) have reached an agreement for the designation of IPTO as project promoter of the electricity interconnector that

about 2 years ago
Public consultation dates set for second Italy-Greece interconnector
Business & Finance

Public consultation dates set for second Italy-Greece interconnector

Italian transmission system operator (TSO) Terna has scheduled public consultations in seven municipalities that will be affected by the construction of an interconnector that will be built between Italy and Greece. Terna is expected to invest €750 million in the GR.ITA 2 interconnector which will i

about 2 years ago
Mozambique LNG
Business & Finance

TotalEnergies refutes allegations of manslaughter and negligence during insurgent attacks in Mozambique

TotalEnergies has denied the accusations of negligence and manslaughter concerning the 2021 insurgent attacks in Mozambique.

about 2 years ago
Damen
Business & Finance

Europe’s 1st all-electric tug on the horizon as part of Port of Antwerp-Bruges tug renewal deal with Damen

The Port of Antwerp-Bruges has placed an order for six new tugs with Dutch shipbuilder Damen as part of the company’s ongoing fleet renewal. The series includes five diesel-powered RSD Tugs 2513, equipped with Damen Marine NOx Reduction System, and one electric tug, which has been described as Europ

about 2 years ago
Illustration/Havkraft’s CEO Geir Arne Solheim on a ‘Powerpier’ equipped with wave energy units (Courtesy of Havkraft)
Business & Finance

Havkraft teams up with Equinor to explore wave power for lowering offshore drilling emissions

Norwegian company Havkraft has signed a contract with Equinor to conduct a feasibility study exploring the integration of wave energy as a sustainable energy source for powering mobile offshore drilling units.

about 2 years ago
Damage to Finland-Estonia offshore gas pipeline likely caused by external activity, Finland says
Business & Finance

Damage to Finland-Estonia offshore gas pipeline likely caused by external activity, Finland says

The damage to the Balticconnector gas pipeline between Finland and Estonia was not caused by the normal gas transmission process, Finnish transmission system operator (TSO) Gasgrid reported following the launch of an investigation into a leak announced earlier this week. Gasgrid Finland informed tha

about 2 years ago
North Field off Qatar; Source: QatarEnergy LNG
Business & Finance

TotalEnergies and QatarEnergy strengthen ties with 27-year LNG supply deals to bolster France’s energy security

QatarEnergy has inked two long-term LNG sale and purchase agreements (SPAs) with TotalEnergies for the supply of up to 3.5 mtpa of LNG.

about 2 years ago
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