Business & Finance
Equinor to produce less oil & gas and spend more on renewables in energy transition push
Equinor is accelerating its energy transition with plans to produce less oil and gas and increase investments in renewables.
Costamare steps in dry bulk shipping sector
Greek containership company, Costamare, has entered dry bulk shipping market with the acquisition of 16 dry bulk vessels which are currently operating in the spot market.
U.S. DOE to fund open water wave energy research at PacWave test site
The United States Department of Energy (DOE) has set out plans to issue a funding opportunity announcement in summer 2021 to support open water research and development (R&D) at the PacWave South test site.
Aker BP extends TWMA gig in Norway
TWMA has been awarded a three-year contract extension to supply integrated waste management services for Aker BP’s projects offshore Norway.
TGS and Earth Science Analytics collaborate to boost seismic data offerings
TGS has made a collaboration agreement with the analysis and machine learning company Earth Science Analytics to expand and promote innovation in data-driven geoscience.
Clock still stopped on EU probe of Hyundai-DSME-merger
The in-depth investigation into the acquisition of Daewoo Shipbuilding & Marine Engineering (DSME) by Hyundai Heavy Industries Holdings (HHIH) remains stopped in the EU. Based on the official information on the EU Commission’s website, the provisional deadline for the completion of the probe was sto
UK and Norway chasing electrification of North Sea assets to reach climate goals
No stone is left unturned when it comes to options for reducing carbon emissions, including electrification of oil and gas assets, carbon capture usage and storage, replacing fossil with renewable sources of energy and introducing alternative fuels like hydrogen and ammonia.
Saipem rig to replace West Mira following x-mas tree incident on Nova field
Wintershall Dea will be using a Saipem-owned rig to complete its Nova field drilling campaign following an incident with the previous rig.
New consortium eyes bunkering station on Bornholm
Bornholm Bunker Hub, a new international shipping consortium, has been launched to explore possibilities of establishing a bunkering station with green marine fuel on Bornholm.
Tourmaline buys rival company and eyes Canadian LNG exports
Tourmaline Oil has acquired privately owned energy company Black Swan Energy, as a part of the plans of supplying Canadian LNG export terminals, with North Montney as the key sub-basin.
OWIC launches cable centre in Eemshaven
Offshore Wind Innovation Center (OWIC) has launched Cable Centre Eemshaven (CCE), an initiative that focuses on all aspects of the cable installation and maintenance process, both onshore and offshore.
Inyanga Marine attracts £2M in multi-national capital raise
Cornish-based company Inyanga Marine Projects has completed a £2 million capital raise that will be used to fund further growth of its marine energy business.
CMA CGM inks five-year innovation deal with CNES
Containership giant CMA CGM Group has signed a five-year agreement with the French National Centre for Space Studies (CNES) to identify, design and develop innovative solutions for the shipping, logistics and space industries.
Foss takes delivery of new autonomous green tug
A Seattle-based tug and towing company Foss Maritime has welcomed the fourth of four new ASD-90 autonomous tugs, Rachael Allen, to Foss maritime fleet.