Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c
With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year.
The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This v
Texas LNG has signed a second heads of agreement (HOA) with Pittsburgh-based EQT Corporation for natural gas liquefaction services.
A conflict-turned opportunity is what many are calling the potential blockage of Hormuz. It is a delicate dance between investor opportunity and world crisis for the second time in two years.
Maersk Training, part of Danish shipping giant A.P. Moller-Maersk, and compatriot Green Marine, a pioneer in methanol-powered maritime solutions, have entered into a strategic partnership to establish Maersk Training powered by Green Marine.
Europa Oil & Gas has published a report suggesting that its prospect offshore Ireland could help curb the firm’s carbon footprint.
Hellenic Cables Americas, the U.S. subsidiary of Cenergy Holdings, has received financial support from the U.S. Department of Energy (DOE) for its planned cable manufacturing facility in Maryland. Hellenic Cables Americas is planning to build a new cable manufacturing facility in Baltimore, Maryland
The International Bunker Industry Association (IBIA), the voice of the global bunker industry, and BIMCO, the world’s largest international shipping association, have signed a memorandum of understanding (MoU) to collaborate on some of the monumental challenges and opportunities within the areas of
Mocean Energy’s Blue X wave energy converter and Verlume’s Halo underwater battery storage system have returned to shore after over 12 months of testing at sea off Orkney as part of the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment.
ACWA Power, has signed an agreement to partner with the International Renewable Energy Agency (IRENA) to drive the worldwide transition to renewable energy sources.
One year after the signing of the memorandum of understanding (MoU) to establish a Green and Digital Shipping Corridor (GDSC), the Maritime and Port Authority of Singapore (MPA), Port of Los Angeles and Port of Long Beach have completed a comprehensive baselining study. As informed, the study foreca
TotalEnergies has made a final investment decision (FID) for an LNG project in Oman, which is designed to run on solar power.
Aker BP has started production from a field in the North Sea, which has been tied back to an existing platform off the coast of Norway.
