Business Developments & Projects
Round up: Major multi-billion oil & gas projects greenlighted in 2023
While multiple new oil and gas projects were sanctioned throughout 2023, the top eight ones are listed in this article.
2023 in review: A transformative year for shipping and maritime
In the maritime realm, 2023 has been a year marked by transformative projects and announcements, on both the regulatory side, ship designing, and shipbuilding front as well as demand signals for the production of alternative fuels. Amidst geopolitical turbulences in the Middle East, the ongoing conf
2024 offshore drilling outlook: Westwood’s top three predictions for rig market
Westwood Global Energy, an energy market research and consultancy firm, has outlined its top three predictions for 2024.
Events in the subsea sector that marked 2023
As we gradually shift our focus on the new year and on what lies ahead in the offshore energy industry in 2024, let’s give a last look to 2023 to pay tribute to this very eventful year. Unfortunately, the year was marked with a number of dark events, with the Balticconnector offshore gas pipeline in
DIMATE’s tech to enhance inspection processes, hydrogen industry in focus
Software technology company DIMATE is making its way into the clean energy services industry, including carbon capture and hydrogen, with its PACS (picture archiving and communication system) solution for end-to-end digitization of test processes on safety-relevant components with integration into c
Mergers and acquisitions: Blockbuster oil & gas market consolidation moves in 2023
The oil and gas industry become a hotspot for multi-billion mergers and acquisitions in 2023 while hinting at further consolidation in the fossil fuel machinery.
Energy outlook: Is gas and LNG growth freeze on the cards in 2024?
Wood Mackenzie has come up with ten predictions for the energy industry in 2024, which hint at a downturn in gas, LNG.
2023 state of energy in review: Gas and green shift as centerpieces of future mix
Following the global energy crisis in 2022, energy security reigned supreme on countries’ energy agendas during 2023.
Vår Energi holds no stake in North Sea field after sale wraps up
Vår Energi has completed the divestment of its entire interest in a field located in the Norwegian part of the North Sea to Petrolia NOCO (Petrolia).
GAC Germany to open office in Stade as it readies for LNG vessel surge
GAC Germany, a provider of shipping and logistics services in Northern Europe and a subsidiary of the UAE-based Gulf Agency Company (GAC), is set to open a new office in Stade on January 1, 2024.
Keel laid for Star of the Seas, Royal Caribbean’s next LNG-powered cruise ship
Finnish shipbuilder Meyer Turku has celebrated the end of 2023 with another big milestone — the hull assembly of Royal Caribbean International’s Star of the Seas has begun at the yard.
Electrification: Key to unlocking untapped oil & gas reserves and augmenting production
The oil and gas industry is always on the lookout for ways to boost production levels at offshore fields and gain access to stranded and untapped reserves that are not easy to bring online.
Fincantieri lands €415 million green loan
Italian shipbuilder Fincantieri has secured a “green” loan totaling €415 million intended for the construction of ‘low-carbon’ cruise ship Mein Schiff Relax. The loan is being provided by Intesa Sanpaolo’s IMI Corporate & Investment Banking Division and Cassa Depositi e Prestiti (CDP)- Mein Schiff R
Subsea interconnectors as protagonists of offshore renewable grid story
Subsea interconnectors open new opportunities for sharing the access and use of renewable energy between countries while upping the decarbonization ante and strengthening the security of electricity supply.