Business & Finance
Sun Cable gathers Australia-Asia PowerLink team
Sun Cable has revealed the Integrated Project Delivery Team (IPDT) for the Australia-Asia PowerLink (AAPowerLink) project. Bechtel has been appointed for project delivery, Hatch is in charge of the HVDC transmission, SMEC will provide the solar generation system, while March will deliver risk manage
FAR sets spud date for Gambian well
Australia’s FAR Limited has set the date for the drilling of Bambo-1 well, offshore The Gambia, scheduled to start on 13 November 2021.
Mermaid Maritime scoops $120 million worth of contracts
Mermaid Maritime Limited (MML) has secured multiple contracts in Thailand, Angola and Saudi Arabia with a combined value of approximately $120 million.
Bill Gates in $276m clean energy partnership with UK
Bill Gates-founded Breakthrough Energy Catalyst will invest $276 million over ten years to drive UK’s new clean energy technologies, including green hydrogen.
Charges laid over massive oil spill offshore Canada
Canadian offshore petroleum regulator has laid charges against Husky, now part of Cenovus, related to an offshore oil spill in November 2018.
Amazon, Ikea join industry-wide call for zero-emission shipping by 2040
Nine major cargo owners have pledged to switch all of their ocean freight to vessels powered by zero-carbon fuels by 2040 as part of a new initiative Cargo Owners for Zero-Emission Vessels (coZEV).
Solstad bags contract extension for PSV in Norway
Solstad Offshore has been awarded a contract extension for its platform supply vessel (PSV) Normand Server offshore Norway.
TGS, CGG and BGP ink multi-client seismic deal with Staatsolie
A consortium of TGS, CGG and BGP has signed a multi-client agreement with Suriname’s national oil company Staatsolie for multi-client seismic programs. The agreement allows the consortium to acquire, promote and license multi-client seismic programs, including new 3D acquisition and legacy data repr
Industry firsts: K Line wraps up CO2 capture trials onboard its ship
Japanese shipping major Kawasaki Kisen Kaisha (K Line) has successfully separated and captured CO2 from the exhaust gas emitted from a vessel, coal carrier Corona Utility.
Norway: September oil output tops regulator’s predictions
Norway’s oil production in September 2021 was 1.1 per cent over the NPD’s predictions, while the total volume equalled last year’s figures.
TotalEnergies opens UK offshore wind hub in Scotland
French energy major TotalEnergies has opened its UK Offshore Wind Hub in Aberdeen, Scotland. The Hub was opened by Patrick Pouyanné, Chairman and CEO of TotalEnergies. It will be part of the company’s existing offshore operations centre in Aberdeen and will enable the transition of staff from oil an
UK unveils landmark strategy to reach net-zero by 2050
The UK government has launched its landmark net-zero strategy, outlining measures to lower its reliance on fossil fuels and transition to a green and sustainable future.
Two UK carbon capture and storage projects selected for state funding
UK has selected two clusters to receive the funding and develop their proposed carbon capture usage and storage projects starting from 2025.
Kongsberg and CMI to develop sustainable solutions for shipowners
Norwegian maritime technology group Kongsberg Maritime (KM) and China Merchants Industry (CMI) have signed a memorandum of understanding (MoU) to work on sustainable solutions for the shipping industry.