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Business Developments & Projects

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The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside
Business Developments & Projects

UK sets aside almost £22B for carbon capture and storage, hydrogen projects

The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside and Merseyside. According to the UK government, this move will propel the UK towards becoming a gl

about 2 years ago
A vessel at sea
Business Developments & Projects
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Sea1 Offshore scores Australian gig for 3 vessels

Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, has secured an assignment for three anchor handling tug supply (AHTS) vessels offshore Australia.

about 2 years ago
An illustration of three industrial facilities next to a body of water
Business Developments & Projects

Eni gets gov’t funding for UK’s first foray into repurposing infrastructure to unlock CCS opportunities

Eni has secured the UK government’s funding for a carbon dioxide (CO2) transport and storage project in North-West England and North Wales, which will see the firm reuse existing pipelines and platforms to transport and store CO2 from a carbon capture and storage (CCS) industrial cluster.

about 2 years ago
Ramform Hyperion seismic acquisition vessel; Source: TGS
Business Developments & Projects

TGS has a hand in Malaysia’s oil & gas discovery, enhances Norwegian exploration ops, and wins another gig in Southern Atlantic

TGS has assisted in enabling Petronas, a Malaysian state-owned energy giant, to uncover a new oil and gas discovery. The company also wrapped up its assignment to advance exploration efforts in the Norwegian Sea. In addition, TGS has landed a new deal in the Southern Atlantic.

about 2 years ago
Navios vessel
Business Developments & Projects

Navios Maritime Partners to bolster fleet with new methanol-ready scrubber-fitted boxships

The U.S.-listed Greek dry cargo vessel owner and operator Navios Maritime Partners has placed an order for two methanol-ready 7,900 TEU containerships at a South Korean shipyard. The vessels, which will be built by HJ Shipbuilding & Construction (HJSC), cost the company approximately $106 million ea

about 2 years ago
A view of pipes seemingly located offshore at sunset
Business Developments & Projects

Eni recommits to slashing emissions in its first methane report

Italy’s energy giant Eni has published its first report dealing with methane emissions aiming to reaffirm its promise to reduce methane slip and increase transparency.

about 2 years ago
Potential turbine by Nova Innovation
Business Developments & Projects

Report warns ‘business as usual’ will not decarbonize UK by 2050

A consortium of ten universities, led by the University of Plymouth, is warning that urgent action is required for the UK to meet its 2050 Net Zero target, with significant acceleration needed in tidal, wave, and offshore wind energy growth. The latest report, ORE Outlook 2040, from the Supergen Of

about 2 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business Developments & Projects

Appraisal activities with Odfjell Drilling’s rig shed more light on gas discovery

Aker BP has used one of Odfjell Drilling’s semi-submersible rigs to delineate a two-year-old gas discovery in the Norwegian Sea and will contemplate a subsea tie-back to existing infrastructure as a development option.

about 2 years ago
AHTS Normand Prosper; Source: Solstad Offshore
Business Developments & Projects

Solstad enriches its green shipping quest with renewable fuel as biodiesel-powered vessel puts rig’s mooring spread in place

Solstad Offshore has embraced another decarbonization tool to expand its zero-emission shipping toolbox by turning to renewable biodiesel (HVO) to bunker an anchor handling tug supply (AHTS) vessel before it embarked on its assignment related to a semi-submersible rig off the coast of Norway.

about 2 years ago
e-fuel
Business Developments & Projects

E-fuels set to power next ZEMBA tender, but supply challenges loom

E-fuel-powered container shipping services could be ready for commercial deployment by the year 2027, a new report by the Zero Emission Maritime Buyers Alliance (ZEMBA) and the UK-based classification society Lloyd’s Register’s (LR) Maritime Decarbonisation Hub has projected. As informed, the report

about 2 years ago
Mermaid Subsea ahead of schedule with 'major' decommissioning campaign for Shell
Business Developments & Projects

Mermaid Subsea ahead of schedule with ‘major’ decommissioning campaign for Shell

Mermaid Subsea Services (UK) has ahead of schedule wrapped up the first phase of what it says is a major North Sea decommissioning contract for Shell UK. Mermaid announced in June that it had been awarded an engineering, preparation, removal and disposal (EPRD) well head severance (WHS) contract by

about 2 years ago
Hapag-Lloyd
Business Developments & Projects

Hapag-Lloyd orders LNG dual-fuel containership fleet

Germany-based container shipping major Hapag-Lloyd has placed orders for up to thirty liquefied natural gas (LNG) dual-fuel container vessels in China.

about 2 years ago
Cygnus gas field in the southern North Sea; Source: Neptune Energy, which became part of Eni following merger and is now part of enlarged Ithaca Energy
Business Developments & Projects

Ithaca-Eni upstream oil & gas combination gives birth to UK’s ‘largest resource holder’ in North Sea

Eni has fused its upstream assets in the UK, excluding East Irish Sea ones and carbon capture, utilization, and storage (CCUS) activities, with Delek’s Ithaca Energy, a North Sea oil and gas operator and producer.

about 2 years ago
Mersey Tidal barrage
Business Developments & Projects

Formal planning process for UK tidal scheme starts, with public consultations following

Liverpool City Region Mayor has unveiled that the first public consultation for the Mersey Tidal Power project started just days after the formal planning process was initiated. This six-week consultation allows the public and local organizations to review and comment on the project’s early proposal

about 2 years ago