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Business Developments & Projects

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Illustration (Courtesy of UNEP FI)
Business Developments & Projects

UNEP FI releases guide on blue financing for sustainable ocean recovery

United Nations Environment Programme Finance Initiative (UNEP FI) has released a new guidance on blue finance to help banks, insurers and investors take action on the transition of ocean sectors to a sustainable future.

about 5 years ago
EnQuest starts shutting down Don fields in North Sea
Business Developments & Projects

EnQuest starts shutting down Don fields in North Sea

EnQuest has started the cessation of production activities on the Northern Producer floating production facility at the Don fields in the UK North Sea.

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about 5 years ago
The WindFloat floating wind project
Business Developments & Projects

Ocean Winds enters floating wind partnership in Greece

Ocean Winds (OW), a joint venture between EDP Renewables and ENGIE, has signed a collaboration agreement with the Greek renewable energy company Terna Energy to co-develop floating offshore wind projects in Greece. The companies said they were joining forces to identify the most suitable areas and c

about 5 years ago
Oseberg field centre; Source: Equinor Aibel Vysus
Business Developments & Projects

Vysus scores work on Oseberg field from Aibel

Global engineering and technology consultancy Vysus Group, formerly known as Lloyd’s Register Energy, has secured a contract with Aibel for work on Equinor’s Oseberg field centre.

about 5 years ago
Saipem
Business Developments & Projects

Saipem in decarbonisation push with new collaboration deal

Oilfield services provider Saipem has signed a collaboration agreement with Elkem to evaluate new opportunities in the entire CO2 capture and storage chain.

about 5 years ago
Aoka Mizu FPSO is operating on the Lancaster field for Hurricane
Business Developments & Projects

Hurricane delays plans for new Lancaster well

Hurricane Energy has decided to postpone the drilling of a second production well on the Lancaster field off the UK due to the complex nature of the well.

about 5 years ago
tanker
Business Developments & Projects

TORM acquires Team Tankers’ MR fleet

Danish shipping company TORM has entered into an agreement to buy eight MR product tankers from Bermuda-based Team Tankers Deep Sea Ltd. for a total cash consideration of $82.5 million and the issuance of 5.97 million shares.

about 5 years ago
Illustration (Courtesy of the University of the Highlands and Islands)
Business Developments & Projects

Researchers use drones to pinpoint tidal energy sweetspots

Researchers in the north of Scotland and Wales are trialling a new method of measuring tidal currents with the help of drones in a project that could revolutionise the marine renewables industry.

about 5 years ago
Vitol offers a Green LNG product
Business Developments & Projects

Vitol launches Green LNG cargoes option

Dutch energy and commodity trading company Vitol launched a Green LNG product for its LNG customers looking to further reduce carbon emissions. The company will offer its LNG customers the option to convert the traditional LNG cargoes to ‘Green LNG’ through offsets. The emissions associated with the

about 5 years ago
Illustration (Courtesy of DMEC)
Business Developments & Projects

DMEC joins World Ocean Council

The Dutch Marine Energy Centre (DMEC) has become a member of the global blue economy business and investment organization World Ocean Council (WOC).

about 5 years ago
Trelleborg
Business Developments & Projects

Trelleborg gets rid of UK offshore oil & gas operation

Swedish Trelleborg has signed an agreement and finalized the divestment of its offshore operation in Skelmersdale, England.

about 5 years ago
Illustration; Source: Chevron
Business Developments & Projects

Chevron backs Swedish geothermal energy business

U.S. oil major Chevron has continued with its latest wave of investments in low-carbon and renewable businesses and technologies with the latest one going to a Swedish geothermal firm.

about 5 years ago
ADNOC
Business Developments & Projects

ADNOC buys Middle East assets of UK-based offshore logistics provider

ADNOC Logistics & Services has made a move to acquire all of the UAE-based assets of Speedy Hire, a UK provider of tools and equipment.

about 5 years ago
NKT Triton Knoll offshore wind farm
Business Developments & Projects

NKT delivers Triton Knoll wires

NKT has finalised the manufacturing and delivery of the export cables and array cables for the 857 MW Triton Knoll offshore wind farm located in the North Sea east of Lincolnshire in the UK. The project comprises the manufacture of 100 kilometres of 220 kV HVAC offshore export cables and 144 kilomet

about 5 years ago