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Trinity Exploration & Production
Business & Finance

Fire breaks out at offshore oil platform, leaving four injured

Trinity Exploration & Production has confirmed that a fire broke out at one of its platforms working at an oil field offshore Trinidad.

about 3 years ago
Illustration; Source: U.S. Energy Information Administration (EIA)
Business & Finance

As OPEC+ production cuts take hold, Brent crude oil spot price forecast jumps to $85 per barrel

The U.S. Energy Information Administration (EIA) has slightly revised its forecasts, reducing OPEC production for the rest of 2023.

about 3 years ago
Illustration; Source: API
Business & Finance

U.S. urged to fix ‘broken’ permitting process to bolster American energy development

The American Petroleum Institute calls on the Biden administration to address the broken permitting process halting U.S. energy development.

about 3 years ago
AHTS Skandi Vega; Source: DOF
Business & Finance

New long-term assignment for DOF vessel

Norway’s DOF Group has secured a new long-term contract for one of its anchor handling tug and supply (AHTS) vessels with Equinor.

about 3 years ago
With approval in place, Energinet to start €65.2M subsea cable replacement project
Business & Finance

Energinet gets green light for €65.2M subsea cable replacement project

The Danish Ministry of Climate, Energy and Supply has approved Energinet’s application for the replacement of a submarine cable that passes across Øresund connecting Denmark and Sweden. With the approval in place, Energinet can now begin the project to replace System 2 on the 400 kV cable connection

about 3 years ago
Illustration/Nova Innovation's tidal turbine (Courtesy of Nova Innovation)
Business & Finance

Nova Innovation enters floating solar market, with first installation set for Scotland

Scottish company Nova Innovation has expanded its tidal energy product portfolio with the addition of floating solar technology, announcing also plans for the installation of Scotland’s first array of floating solar panels later in 2023.

about 3 years ago
Two final offers in for Denmark's first CCUS subsidy pool
Business & Finance

Two final offers in for Denmark’s first CCUS subsidy pool

The Danish Energy Agency has received two final offers related to Denmark’s first tender for the carbon capture, utilization and storage (CCUS) subsidy pool, with a contract expected in May. The Danish Energy Agency announced in August 2022 that three applicants – I/S Vestforbrænding, Ørsted Bioener

about 3 years ago
HyVelocity team applies for US DOE hydrogen hub funding
Business & Finance

HyVelocity team applies for US DOE hydrogen hub funding

The HyVelocity Hub team has put in an official application for funding from the US Department of Energy’s (DOE) $8 billion Regional Clean Hydrogen Hubs programme. The application came after the team received encouragement from DOE to apply for the funding. To note, the team submitted an initial conc

about 3 years ago
HelioRec’s floating solar system (Courtesy of HelioRec)
Business & Finance

French floating solar start-up attracts major new investors

French floating solar start-up HelioRec has closed the first tranche of its seed round, securing new investments from First Imagine! and Techstars.

about 3 years ago
Sembcorp Marine looking for new finance chief as current hands in resignation
Business & Finance

Sembcorp Marine looking for new finance chief as current hands in resignation

Singapore’s Sembcorp Marine has initiated a recruitment process for a new head of finance as the current Group Finance Director William Goh Khor Boon announced his resignation. Goh, who has held the position since May 2017, heads the company’s finance function and investor relations and corporate co

about 3 years ago
U.S. Bureau of Safety and Environmental Enforcement (BSEE)
Business & Finance

Lessons learned from near-miss fatality during crane ops for decom work in U.S.

The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has come up with recommendations after looking into a near-miss fatality.

about 3 years ago
Pascal Technologies gets financial boost for its electric ships
Business & Finance

Pascal Technologies gets financial boost for its electric ships

Norwegian Pascal Technologies, formerly SES-X Marine Technologies, has secured NOK 53 million (around $5 million) for the development of its long-range electric boats.

about 3 years ago
Vopak strengthens ties with Gasunie, moves forward with LNG projects
Business & Finance

Vopak strengthens ties with Gasunie, moves forward with LNG projects

Dutch tank storage company Vopak has provided updates on its LNG projects, including EemsEnergyTerminal, Gate terminal Rotterdam, and Hong Kong LNG terminal project. EemsEnergyTerminal Vopak’s first update is in regard to EemsEnergyTerminal, an LNG import terminal located in the Eemshaven in the Net

about 3 years ago
Ekofisk complex; Courtesy of ConocoPhillips
Business & Finance

New task for ConocoPhillips to tackle nonconformities at North Sea platform

The PSA has conducted an audit of ConocoPhillips’ planning and execution of coiled tubing drilling at a platform in the Norwegian North Sea.

about 3 years ago
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