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Business & Finance

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CALM Terminal and Vessel; Source: SBM Offshore
Business & Finance

Jetty-less toolbox for ammonia, gas, and LNG offshore transfers gets Bureau Veritas’ blessing

IMODCO Terminals, a subsidiary of the Netherlands-headquartered SBM Offshore, has received approvals in principle (AiPs) from Bureau Veritas Marine & Offshore (BV) for a portfolio of jetty-less solutions developed to enable offshore floating storage of ammonia, liquefied natural gas (LNG), or natura

about 1 year ago
Map showing EGL5; Source: National Grid
Business & Finance

First steps being taken to bring UK’s fifth subsea electricity superhighway to life

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The UK National Grid and SSEN Transmission have set into motion the first steps for the development of Eastern Green Link (EGL5), the UK’s fifth subsea electricity superhighway that would connect Scotland and England, by launching a public consultation. The partners opened a stage 1 (non-statutory)

about 1 year ago
MSC Cruises places €3.5 billion order for two new LNG-powered World Class ships
Business & Finance

MSC Cruises places €3.5 billion order for two new LNG-powered World Class ships

MSC Cruises, the cruise division of Swiss shipping giant MSC Group, has decided to expand its LNG-powered World Class series with two new ships to be built by Chantiers de l’Atlantique in Saint-Nazaire, France.

about 1 year ago
Cygnus Alpha; Source: Neptune Energy, which became part of Eni's UK portfolio now managed by Ithaca
Business & Finance

North Sea operator takes steps to boost its stake in UK’s largest gas field

Ithaca Energy, a North Sea oil and gas operator and producer, has made a move to enlarge its operated interest in a gas field, said to be the largest one on the UK Continental Shelf (UKCS), by acquiring Spirit Energy’s share in the asset.

about 1 year ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

New oil discovery springs up in Norwegian waters

Aker BP has made a new oil discovery in the Norwegian Sea, off the coast of Norway, with a semi-submersible rig owned by Italy’s Saipem.

about 1 year ago
DOF's four new contracts with Petrobras worth around $480 million
Business & Finance

DOF’s four new contracts with Petrobras worth around $480 million

Norwegian vessel owner DOF Group has secured four long-term contracts with Brazil’s state-owned energy giant Petrobras that are together worth approximately $480 million. Skandi Iguaçu, which DOF describes as one of the biggest anchor handling tug and supply (AHTS) vessels ever built in Brazil with

about 1 year ago
New framework agreement with ConocoPhillips takes Subsea7 to Norway
Business & Finance

New framework agreement with ConocoPhillips takes Subsea7 to Norway

Subsea7 has secured a contract with U.S. energy giant ConocoPhillips for a front-end engineering and design (FEED) study for the Previously Produced Fields (PPF) development project in Norwegian waters. The Previously Produced Fields (PPF) are located in the Greater Ekofisk Area, approximately 290 k

about 1 year ago
ADNOC secures exclusive rights for 'critical tech' for oil & gas well completions
Business & Finance

ADNOC secures exclusive rights to ‘critical tech for completing oil & gas wells’

UAE’s Abu Dhabi National Oil Company (ADNOC) has signed a strategic agreement with Tubacex through which it has secured exclusive rights to use the Spanish company’s tubular joint connection technology, seen as “critical for completing oil & gas wells”. The companies have signed a strategic agreemen

about 1 year ago
Abdülhamid Han drillship; Source: President Recep Tayyip Erdoğan
Business & Finance

Türkiye’s drillship makes ‘large’ gas find in Black Sea

As part of Türkiye’s mission to cut its reliance on foreign natural gas and diversify its sources of supply, the country is conducting oil and gas exploration activities. One of the drillships tasked with searching for hydrocarbon reserves has made a new natural gas discovery in the Black Sea.

about 1 year ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Norwegian Sea wildcat on Odfjell Drilling-managed rig’s agenda

Norwegian authorities have handed out a drilling permit for an exploration well in the Norwegian Sea, which is expected to be drilled this month using one of Odfjell Drilling-managed semi-submersible rigs.

about 1 year ago
Hafnia
Business & Finance

Cargill-Hafnia joint venture is up and running

Seascale Energy, a joint venture between Cargill Ocean Transportation and Hafnia dedicated to marine fuel procurement services, has officially commenced operations.

about 1 year ago
€713.5M to back two Eastern Green Links and five other UK grid upgrades
Business & Finance

€713.5M to back two Eastern Green Links and five other UK grid upgrade projects

The National Wealth Fund (NWF), the UK’s sovereign wealth fund, has backed ScottishPower with £600 million to support the delivery of seven priority transmission grid upgrade projects anticipated to help facilitate more renewable energy onto the system, reduce congestion costs, lower the cost of ele

about 1 year ago
Longship to expand eco-friendly fleet with four additional ships
Business & Finance

Longship to expand eco-friendly fleet with four additional ships

The Dutch shortsea ship operator and logistics company Longship has confirmed an option to order four additional eco-friendly PMAX ECO TRADER vessels, bringing the total number of units in the series to eight.

about 1 year ago
Carnegie and SEI engineers demonstrate testing underway with a representative from EuropeWave and Ente Vasco de la Energia
Business & Finance

Carnegie advances ACHIEVE wave energy project with new EuropeWave payment

Australia’s wave energy developer Carnegie Clean Energy has confirmed that its wholly owned subsidiary, CETO Wave Energy Ireland (CWEI), received a €137,152 payment under the EuropeWave Phase 3 contract, part of its ACHIEVE program. The payment follows the completion of electrical and control system

about 1 year ago