Norwegian shipping company Avance Gas has raised long-term financing for the two last remaining liquefied petroleum gas (LPG) dual-fuel very large gas carriers (VLGCs) newbuildings.
State-owned Russian gas company Gazprom has again shut off the Nord Stream 1 pipeline that supplies Europe with gas due to maintenance. Nord Stream 1 has been running at reduced capacity following a ten-day shutdown in July and in the past month, the flow was at approximately 20% of normal capacity.
The start of Trillion’s 2022 – 2023 drilling campaign on a gas field in the Black Sea has been delayed until rig repairs are completed.
The Bill Gates-founded investment fund Breakthrough Energy Ventures (BEV) has entered as an investor in Danish fuel cell company Blue World Technologies alongside Vaekstfonden, DEUTZ AG, and existing investors who invested back in December 2021 to complete the company’s €37 million series B round.
Norwegian floating solar company Ocean Sun has reported an increase in revenues for the first half of the fiscal year 2022, as opposed to the same period a year earlier.
Baker Hughes has launched a new fast all-electric tiebacks solution, said to reduce capital expenditure costs by 15% compared to traditional electro-hydraulic multiplexed systems. According to Baker Hughes, the system drives cost efficiencies through optimized architecture and reduced topside footpr
The Australian energy crisis highlights the challenge of finding the balance between energy security and net-zero goals, says Wood Mackenzie.
Vermilion Energy and Nephin Energy are looking into the feasibility of a renewable energy hub at the existing Corrib gas field offshore Ireland.
SIMEC Atlantis Energy, the developer behind the MeyGen tidal power scheme, has achieved the first contractual milestone for the delivery of additional 28MW of tidal power capacity for the project as part of the UK’s fourth contracts for difference round.
Wood has won a contract with Equinor to deliver the detailed design of subsea pipelines for the Halten East development offshore Norway. Wood’s subsea and pipeline engineering team in Norway will carry out the scope, following the delivery of the concept design and front-end engineering design. The
Helix Robotics Solutions has extended its charter agreement with Bordelon Marine for the DP2 Jones Act-compliant ultra-light intervention vessel (ULIV) Shelia Bordelon through June 2024. Helix currently operates the vessel primarily to support offshore renewables and inspection, repair & maintenance
The IEA and the OECD outline in their new analysis that the backing for fossil fuels almost doubled in 2021, reaching $697.2 billion.
Green Energy Group (SeaBird Exploration) has completed the sale of its seismic research vessel Petrel Explorer. The transaction was completed on 29 August and Green Energy Group has handed over the vessel to the new owner. The sale, to an undisclosed buyer, will see the vessel leave the offshore ind
Neptune Energy has joined forces with Horisont Energi for the development of a large-scale carbon capture and storage project in Norway.
