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Business & Finance

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Fossil EnergyLow-Carbon TransitionSubseaSurveys & InterventionsBusiness Developments & ProjectsCarbon Capture Usage & StorageCollaborationEnvironmentMarket OutlooksOutlook & StrategyProject & TendersTransitionVisionOil & GasRigsExploration & ProductionCablingInterconnectorsVessels & VehiclesInfrastructureRegulation & PolicyRules & RegulationSafetyClean FuelElectricGreen MarinePropulsionOffshore WindEquipmentTechnologyAuthorities & GovernmentGridMethanolInnovationVesselsFunding & RegulationHydrogenTechnology & InnovationResearch & DevelopmentShipbuilding
ORLEN and Equinor to jointly explore carbon capture and storage opportunities
Business & Finance

ORLEN and Equinor to jointly explore carbon capture and storage opportunities

Polish multi-utility company ORLEN and Norwegian state-owned energy company Equinor have signed a collaboration agreement to explore opportunities for carbon capture and storage (CCS) technology in Poland. The scope of the agreement covers the transport and storage of CO2 in Poland, with the partner

about 1 year ago
Deepsea Atlantic rig; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling rig finds more gas/condensate offshore Norway

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Equinor has made a new hydrocarbon discovery off the coast of Norway, using a semi-submersible rig owned by Odfjell Drilling, an offshore drilling contractor.

about 1 year ago
Repair costs for damaged Finland-Estonia subsea link to be sought via court
Business & Finance

Shipowner to be taken to court over damage of Finland-Estonia subsea link

Estonian transmission system operator (TSO) Elering and its Finnish counterpart Fingrid have withdrawn the request to seize the ship that broke the EstLink 2 power connection in December 2024 for compensation for damages, and plan to sue the shipowner for compensation for repair costs. To remind, Fi

about 1 year ago
Echandia
Business & Finance

Echandia reveals $20.6M funding to scale up sustainable operations

Swedish maritime battery system supplier Echandia has closed a new funding round at SEK 220 million (around $20.6 million), through which it expects to ‘strengthen’ its efforts in keeping pace with the global demand for sustainable maritime solutions. As disclosed, the funding round will support Ech

about 1 year ago
Orkney Islands-based firm gets seven-figure boost for new subsea services department
Business & Finance

Orkney Islands-based firm gets seven-figure boost for new subsea services department

Green Marine UK, founded in 2012 in the Scottish Orkney Islands, has made a seven-figure capital investment in a new subsea services department targeting the offshore wind sector in the UK. The expansion, supported by £218,750 financial backing from Highlands and Islands Enterprise (HIE), includes t

about 1 year ago
FPSO Western Isles; Source: NEO Energy
Business & Finance

UK partners on the lookout for fiscal and regulatory clarity before speeding up North Sea oil project

NEO Energy and its partners, Serica Energy and Jersey Oil & Gas (JOG), are still waiting for the fiscal and regulatory uncertainty surrounding the UK’s oil and gas scene to clear up, once the government wraps up its environmental guidance revamp for oil and gas projects, to move full steam ahead wit

about 1 year ago
Siemens Energy grid
Business & Finance

Siemens Energy selects Pfisterer cable systems for German offshore grid connection projects

Siemens Energy has selected the German company Pfisterer for the supply of turnkey cable systems for the BorWin4 and DolWin4 offshore grid connections in the North Sea. Pfisterer is in charge of implementing the entire 66 kV AC cable infrastructure between the gas-insulated switchgear (GIS) transfor

about 1 year ago
Methanol automation order for Jan De Nul's XL cable-layers goes to Finland
Business & Finance

Methanol automation order for Jan De Nul’s XL cable-layers lands in Finland

Valmet, a Finland-headquartered developer and supplier of process technologies, automation and services for the pulp, paper and energy industries, has received an order for a marine methanol fuel automation control system for two cable-laying vessels (CLV) being built in China for Jan De Nul. The or

about 1 year ago
Tyra II; Source: TotalEnergies
Business & Finance

TotalEnergies winding down commissioning ops at giant North Sea gas project

TotalEnergies has made progress in unlocking the full commissioning capacity at its natural gas redevelopment project in the Danish sector of the North Sea.

about 1 year ago
It’s official: Nel to receive €135 million for industrialization of electrolyzer technology
Business & Finance

It’s official: Nel to receive €135 million for industrialization of electrolyzer technology

Norwegian company Nel has formally signed a €135 million grant agreement with the EU’s Innovation Fund to support the industrialization of its next-generation electrolyzer technology.

about 1 year ago
Costamare to spin off dry bulk business
Business & Finance

Costamare to spin off dry bulk business

Costamare, owner and provider of containerships and dry bulk vessels for charter, has revealed plans to spin off its dry bulk business.

about 1 year ago
Louis Dreyfus Armateurs
Business & Finance

InfraVia to take 80 pct stake in Louis Dreyfus Armateurs

InfraVia, a France-based private equity company has entered into negotiations with the Louis-Dreyfus family to acquire a majority stake in compatriot maritime firm Louis Dreyfus Armateurs (LDA).

about 1 year ago
ABL settles in Namibia to support local oil & gas and energy transition
Business & Finance

ABL settles in Namibia to support local oil & gas and energy transition

Energy and marine consultancy ABL has expanded its operations to Namibia with the aim of supporting the local oil & gas market, as well as the country’s energy transition. The new entity will provide the company’s full technical service offering in energy and marine consulting, with a focus on marin

about 1 year ago
KfW IPEX
Business & Finance

KfW IPEX finances Carisbrooke’s diesel-electric ships

Germany’s KfW IPEX-Bank has decided to support the fleet renewal program of the British shipping company Carisbrooke Shipping with financing amounting to around €26 million.

about 1 year ago