Business & Finance
Carnegie cuts debt and directs funding to progress CETO wave technology
Carnegie Clean Energy has substantially reduced its debt following the conversion of Au$1.75 million (€1.1 million) of convertible notes into shares and unlisted options, making the existing company’s funds sufficient to complete the CETO technology pathway.
Greenpeace activists land on bank HQ in fossil fuels protest
Greenpeace activists have staged a protest at the headquarters of the European Central Bank (ECB) in Frankfurt due to its support of fossil fuels companies.
Hagen joins Aker Solutions to drive sustainability
Norwegian engineering firm Aker Solutions has appointed Marianne Hagen as executive vice president for sustainability and communications. Hagen succeeds Tove Røskaft, who takes up new role as chief of staff and business excellence at Aker Offshore Wind. She will be part of the executive management t
NERA launches decom centre to assist $40.5 billion market
National Energy Resources Australia (NERA) has launched the Centre of Decommissioning Australia (CODA) to address the challenges and maximise opportunities of decommissioning Australia’s ageing oil and gas infrastructure.
GE to build new factory for 107-metre offshore wind turbine blades
GE Renewable Energy plans to open a new factory in Teesside in the North East of England, where it will manufacture 107-metre-long blades for the Haliade-X offshore wind turbine. The new manufacturing plant, which will be set up and operated by GE-owned LM Wind Power, is planned to be opened in 2023
Maersk Product Tankers on track to cut CO2 emissions by 30% by 2021
Danish tanker owner Maersk Product Tankers has cut its CO2 emissions by 3.3 percent in 2020 with the help of its proprietary digital and technical solutions. The latest decrease gives a total reduction of 28.7 per cent between 2008 and 2020 as measured on the Energy Efficiency Operational Indicator,
Former BHP CEO named new chair at Shell
Shell is making several board changes with the appointment of a former BHP CEO as its new chair as well as the addition of a new non-executive director.
Xodus adds to Asia-Pacific team as decommissioning activity increases
Engineering consultancy Xodus has appointed a new late-life and decommissioning lead in Asia-Pacific following a significant increase in activity in the region.
Petrodec reactivates decades-old jack-up rig for decommissioning jobs
Petrodec has reactivated Haeva jack-up rig to DNV standards and the unit is now reporting for duty as the company’s second decommissioning vessel.
Qatar Petroleum takes aim at new LNG carrier designs
Qatar Petroleum has signed a multi-party deal with a number of LNG players to develop new medium and large liquefied natural gas carrier designs.
Brazil government picks two more nominees for Petrobras board
The Brazilian government has nominated two more board members of Petrobras, to be voted on at the upcoming extraordinary general meeting.
ExxonMobil waiting on equipment arrival to finish Guyana FPSO repairs
ExxonMobil is waiting on equipment arrival from Germany to Guyana to complete the repairs on the Liza Destiny FPSO, which started in late January 2021.
Ørsted, Aker Carbon Capture, Microsoft collab mulls use of Northern Lights
Aker Carbon Capture, Danish offshore wind giant Ørsted, and global technology colossus Microsoft teamed up in a project to capture emissions from biomass power plants and store them using the Northern Lights project.
Industry calls for adoption of ‘moon-shot’ $5 billion R&D fund
Governments controlling a major share of the world’s shipping tonnage submitted today the proposal to the UN International Maritime Organization (IMO) to establish a $5 billion Maritime Research Fund. The fund would be formed by using mandatory contributions from the world’s shipping companies. The