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Rishi Sunak, UK Prime Minister; Source: UK government
Business & Finance

UK’s shift in net-zero policy raises red flag: Is this a godsend for people’s pockets or wishful thinking?

A deep dive into the backlash and other prominent reactions related to the UK’s Prime Minister’s recent changes in net-zero policy.

16 minutes read
Transocean Norge; Source: Transocean
Business & Finance

Wintershall Dea preparing to drill Norwegian Sea wildcat with Transocean rig

Wintershall Dea has secured a drilling permit from Norway’s authorities to spud a wildcat well in the Norwegian Sea.

about 2 years ago
HHLA
Business & Finance

Workers protest against HHLA’s partial sale to MSC

In a show of collective dissent, hundreds of employees of Hamburger Hafen und Logistik AG (HHLA) rallied on Tuesday to protest against the proposed partial sale of the company to the Swiss container shipping giant, MSC (Mediterranean Shipping Company). The demonstrators marched from the HHLA headqua

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

North Sea well yields no hydrocarbons

Equinor, on behalf of Aker BP, is in the process of concluding the drilling of an exploration well in the North Sea.

about 2 years ago
Ulstein Verft to build new Nexans cable-laying vessel
Business & Finance

Ulstein Verft to build new Nexans cable-laying vessel

Nexans Marine Operations has placed an order with Ulstein Verft for the construction of its new cable-laying vessel (CLV), said to be an updated version of the Nexans Aurora. The “large” DP3 vessel, based on the Nexans Aurora design as developed by Skipsteknisk, will be able to carry out the transpo

about 2 years ago
Illustration/Oneka Technologies' wave energy-drive desalination platform (Courtesy of Oneka Technologies)
Business & Finance

Canadian innovator raises close to €9M for wave-powered desalination tech

Wave-powered desalination innovator Oneka Technologies has secured €8.7 million through equity round of financing, attracting various new investors on board. Oneka Technologies closed its main Series A equity round of financing with €8.7 million (CA$12.5 million) investment led by the Hoffecker Fami

about 2 years ago
Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Business & Finance

Green light for Equinor to deploy Transocean rig for drilling ops

Equinor has received consent to use one of Transocean’s semi-submersible rigs for exploration drilling at a block in the Norwegian Sea.

about 2 years ago
LCO2 carrier signing
Business & Finance

PETRONAS, MISC, and MOL forge pact on LCO2 carrier development

Malaysia’s state-owned energy giant PETRONAS, through its wholly-owned subsidiary PETRONAS CCS Ventures, has teamed up with compatriot shipowner MISC Berhad and Japanese shipping major Mitsui O.S.K Lines (MOL) on the development and commercialization of Liquefied Carbon Dioxide (LCO2) carriers. The

about 2 years ago
US DOE to hand out $47.7 million to advance clean hydrogen technologies
Business & Finance

US DOE to hand out $47.7 million to advance clean hydrogen technologies

The U.S. Department of Energy (DOE) has announced $47.7 million in funding for 16 research, development and demonstration (RD&D) projects across 13 U.S. states to advance clean hydrogen technologies. Managed by the Hydrogen and Fuel Cell Technologies Office (HFTO), DOE said the projects will focus o

about 2 years ago
Survey on schedule for world's first bi-directional subsea link
Business & Finance

Survey on schedule for world’s first bi-directional subsea link

A geophysical inspection survey is set to kick off in October along the length of the operational WesternLink submarine HVDC interconnector in the UK. The 390-kilometer WesternLink includes two HVDC cables that extend from Hunterston in the Firth of Clyde, through the North Channel, to the west and

about 2 years ago
Elyse Energy, Hy24 and Mirova pen e-fuels financing deal
Business & Finance

Elyse Energy, Hy24 and Mirova pen e-fuels financing deal

E-fuels company Elyse Energy, Hy24, managing a clean hydrogen infrastructure fund, and Mirova, an affiliate of Natixis Investment Managers, have signed a financing deal to support the development of Elyse Energy’s e-methanol and sustainable aviation fuels (SAF) projects in France and Spain. Specific

about 2 years ago
Illustration (Courtesy of Ciel & Terre)
Business & Finance

Industry partners kick off construction works on the largest European floating solar plant

A consortium made up of French, Belgian and Luxembourgian companies, led by renewable energy developer Q Energy, has started with the construction of a 74.3MWp floating solar plant in the northeastern France – said to be the largest such power plant in Europe.

about 2 years ago
Ron DeSantis, Florida Governor; Source: Office of Governor Ron DeSantis
Business & Finance

As Florida Governor pledges to unleash ‘American energy dominance’ and slash gas prices to $2 by 2025, California hits out at fossil fuels industry

There is almost an insurmountable gap between the latest energy policies being advocated by Florida Governor and California’s governor.

11 minutes read
Illustration; Source: Equinor
Business & Finance

Equinor hands over development plans for $9 billion natural gas project off Brazil

Equinor has submitted the declarations of commerciality and plans of development for two natural gas fields in the BM-C-33 concession in Brazil’s Campos Basin to Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP).

about 2 years ago
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