Business Developments & Projects
Oil & gas plays trump low-carbon investments in H1 2022, says WoodMac
Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.
TAQA keeping all assets in its oil & gas portfolio, bar Dutch ones
Due to the current energy security concerns, TAQA has decided to keep its entire oil & gas portfolio, except for its Dutch upstream assets.
Eidesvik bags new contract for Subsea Viking
Norwegian offshore vessel operator Eidesvik Offshore has secured a contract with an undisclosed client for its offshore support vessel Subsea Viking. According to the company, the new contract will begin in the third quarter of 2022 in direct continuation of the current contract. Eidesvik did not re
TGS makes its first renewable energy venture investment
Norwegian seismic player TGS has made its first renewable energy venture investment with the acquisition of an equity stake in NASH Renewables, a start-up developing Software-as-a-Service (SaaS) solutions for the prospecting, construction and operations of wind energy projects. Led by former Siemens
New German offshore wind farm planned to include hydrogen production
Nordsee Two, a German offshore wind project owned by RWE (51 per cent) and Northland Power (49 per cent), is planned to include an electrolyser to demonstrate the technical and commercial feasibility of producing hydrogen at sea. RWE unveiled the plan as the company announced on 13 July that the pro
Wood Mackenzie and Ball introduce new LNG tracking tool
Wood Mackenzie and Ball Corporation have launched a new tool that tracks global LNG liquefaction train statuses in near real-time.
Saipem’s board endorses first sustainability plan with ‘challenging objectives’
Saipem’s first sustainability plan, combining business and financial objectives with ESG criteria, has been approved.
ITRE takes ‘bold action’ to support innovative renewable energy technologies
The renewable energy sector has called on the EU Member States to support the creation of an installation target for innovative renewable energy in the Renewable Energy Directive.
With TotalEnergies deal all done, firm expands presence in ‘one of the largest gas hubs in the UK’
Kistos has entered the UKCS thanks to the acquisition of TotalEnergies’ stakes in several gas fields located West of Shetland.
Core Power unveils clean fuel solution for North Atlantic green shipping corridor
Core Power has presented a clean fuel solution for the planned Atlantic green shipping corridor.
Green hydrogen for up to 40 vessels — Norway invests in climate-friendly future
Striving to maintain its position as one of the leading sustainable shipping nations, Norway is investing heavily in hydrogen projects within the maritime sector.
Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA
IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.
Port of Antwerp-Bruges joining H2Global in energy transition move
Belgian Port of Antwerp-Bruges becomes a founding member of the German green hydrogen foundation H2Global which is to play a key role in the energy transition.
WoodMac: Seven giant oil players have what it takes to keep up output for 40-60 years
With two-thirds of global resources in their hands, seven NOCs own the lion’s share of remaining discovered oil & gas resources.