Business & Finance
ESB and dCarbonX team up for green hydrogen subsea storage
ESB and dCarbonX have signed a memorandum of understanding for the joint assessment and development of Irish offshore green hydrogen subsurface storage.
Green light for Archer to close DeepWell takeover
Oilfield services provider Archer has received approval from a competition regulator in Norway for the acquisition of DeepWell.
Dutch EWA appoints new board with focus on offshore renewables
The Dutch Energy from Water Association (EWA), an industry group promoting renewable energy generation from water in the Netherlands, has announced the appointment of a new board.
Seadrill chairman steps down
Seadrill Limited’s chairman will be stepping down from the board with immediate effect, having been chairman since 2019.
Maersk CEO: Business is ahead of govts on decarbonization agenda
There needs to be a greater sense of urgency among global governments in relation to the adoption of policies that would accelerate decarbonization in the shipping sector, the head of the world’s largest container shipping company believes. “Business is ahead of governments on this agenda,” Soren Sk
Fate of two delayed ex-Seadrill drillships still uncertain but owner sees improvement in deepwater market
Northern Drilling has no rigs in operation but it does have two new 7th generation ultra-deepwater drillships whose fate is still uncertain.
Fincantieri, Faist JV to produce lithium-ion batteries
Italian shipbuilding major Fincantieri SI and Faist Group company specialized in the development and supply of complete energy storage systems, Faist Electronics have founded Power4Future, a joint venture dedicated to the production of lithium-ion batteries.
Total positions for energy transition and becomes TotalEnergies
French energy major Total has moved forward with its transformation plans into a broad energy company and changed its name.
HydroQuest to develop 17.5MW tidal energy farm at Raz Blanchard
French marine energy company HydroQuest has unveiled plans to develop a 17.5MW tidal energy farm at Raz Blanchard site, located off Normandy in France, following the takeover of the concession for the site from its former operator EDF Renewables.
Equinor and Aker BP get drilling permits for Norwegian wells
The Norwegian Petroleum Directorate has granted Aker BP and Equinor drilling permits for their wells in the Barents Sea and the Norwegian Sea.
SITC inks $153.6m contract to build 8 boxships at Dae Sun
Chinese shipping company SITC International Holdings Co (SITC) has placed an order for eight 1,023 TEU container vessels worth a total of $153.6m at South Korean shipyard Dae Sun Shipbuilding & Engineering Co.
Frontline turns to DNV to help decarbonize its fleet
Tanker owner and operator Frontline has appointed classification society DNV to assist the company through its decarbonization journey towards IMO 2030- 2050. The project, launched last year, is aimed at providing Frontline with a solid understanding of its options, and the ways of further optimizin
TAQA kicks off one of largest decommissioning projects in North Sea
TAQA has started the first major asset removal project and one of the largest topside removal projects of its kind in the North Sea.
BIMCO: Shipbuilding orders jump by 119.7% YoY amid record containership demand
Total shipbuilding orders in the first five months of this year have increased by 119.7% compared with the same period in 2020, BIMCO’s data shows. The massive rebound in ordering has been driven by record high containership contracting, as investors in this segment find themselves flush with cash.