Business Developments & Projects
Latvijas Gaze sells its subsidiary Gaso to Eesti Gaas
Latvia’s natural gas company Latvijas Gaze has signed a definitive agreement to sell its wholly-owned subsidiary Gaso to energy company Eesti Gaas, also known as Elenger. According to Eesti Gas, the completion of the transaction is subject to approval from the Latvian Competition Authority and permi
BW Offshore FPSO staying longer in Nigeria
Eni has handed out another short-term contract extension to BW Offshore for one of its FPSOs, which is working on a field off Nigeria.
TotalEnergies picks marine warranty surveyor for decom work in North Sea
ABL Group has been appointed as marine warranty surveyor for the decommissioning operations at a field in the Dutch sector of the North Sea.
UK oil & gas firm gets more time for acquisition of North Sea discovery
Quattro Energy has experienced a delay in the acquisition of United Oil & Gas’ asset in the North Sea with an existing hydrocarbon discovery.
Norwegian Sea tie-back to recently upgraded platform comes online
Equinor has started production from a field, which has been tied back to a recently upgraded platform in the Norwegian Sea.
In focus: Offshore energy, shipping look to CCS and alternative fuels as they ramp up decarbonization efforts
The offshore energy and shipping industries are essential components of global trade and commerce, responsible for transporting goods and powering homes and businesses around the world. However, they are also significant contributors to greenhouse gas emissions. As the world’s focus on reducing carb
With oil & gas seen as ‘wreaking havoc’ in UK waters, zest to end offshore drilling ignites
Recent report about the impact of oil spills on UK waters is bound to spur further calls to end offshore drilling while targeting the Rosebank project.
Milestone: Maersk launches methanol-powered feeder in bold move toward carbon neutrality
Container shipping heavyweight Maersk has achieved a major milestone in its efforts to reduce carbon emissions with the successful launching of its first methanol-powered feeder vessel at the Hyundai Mipo Dockyard. “The launching was successfully completed at Hyundai Mipo Dockyard and the constructi
LR: Creating economic incentives for OCCUS adoption key to wider adoption
Onboard carbon capture, utilisation, and storage (OCCUS) has emerged as one of the promising short-term measures shipping can implement for existing vessels to cut carbon emissions. According to a new report by Lloyd’s Register, OCCUS has a high technology readiness level, however, its investment re
Keel laid for Northern Lights’ LNG-powered LCO2 carrier duo
Northern Lights, a joint venture (JV) of energy majors Shell, Equinor and TotalEnergies, has held a keel-laying ceremony for the first out of two new LNG-powered, wind-assisted LCO2 transportation ships.
Denmark seeks to exit Energy Charter Treaty due to energy transition concerns
The Danish government is working to withdraw from the Energy Charter Treaty (ECT) due to possible concerns and risks for the green transition, among other things. The ECT is a trade and investment agreement that aims to create secure framework conditions and make it attractive for private investors
Global wave and tidal energy market poised to reach $10 bln by 2031, report shows
Global wave and tidal energy market was valued at $477.81 million in 2022 and is projected to generate a revenue of around $10 billion by 2031 at a compound annual growth rate (CAGR) of 43% during the forecast period, analytics and advisory company Astute Analytica found in its latest report. The re
Green light for Wintershall Dea to kick off drilling ops with Transocean rig
Wintershall Dea has received consent from the country’s offshore safety regulator for exploration drilling in the Norwegian Sea.
Chevron teams up with Angelicoussis for ammonia carrier study
Energy major Chevron, through its subsidiary Chevron Shipping Company, and the Angelicoussis Shipping Group, through its Energy Transition division Green Ships, have made a Joint Study Agreement (JSA) to explore how tankers can be used to transport ammonia, a potential lower carbon marine fuel. Thro