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Business & Finance

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FPSO Jotun; Source: Vår Energi
Business & Finance

Four giant oil & gas projects line up for start-up in 2025 offshore Norway with more on the cards

Vår Energi has confirmed that four major projects are expected to be put into operation this year, enabling the firm’s production to exceed 400,000 barrels of oil equivalent per day (kboepd).

about 1 year ago
SwitcH2 nearing final design of floating ammonia project with new investor onboard
Business & Finance

SwitcH2 nearing final design of floating ammonia project with new investor onboard

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Renewable energy company SwitcH2 has welcomed a new shareholder on track to finalize the design of its 300 MW offshore floating ammonia project.

about 1 year ago
Medway Hub CCS project; Source: Synergia Energy
Business & Finance

UK firm on the lookout for new partner in North Sea CCS project

As Harbour Energy plans to head for the exit, the AIM-listed Synergia Energy is going on the hunt for another partner that will join its carbon capture and storage (CCS) project in the UK sector of the North Sea.

about 1 year ago
Transocean Enabler rig at sea
Business & Finance

Transocean rig gearing up to spud Barents Sea wildcat in April

Equinor has secured a drilling permit with Norway’s authorities to drill an exploration well in the Barents Sea with one of Transocean’s semi-submersible rigs.

about 1 year ago
MPC
Business & Finance

MPC Capital presses forward with energy transition ambitions via new acquisition

Hamburg-based asset and investment manager MPC Capital has acquired a 50% stake in the compatriot performance management firm BestShip from Norway’s maritime group Wilhelmsen, a move expected to help the company ‘reinforce’ its position in energy transition-related activities. As disclosed, BestShip

about 1 year ago
Van Oord's 10-year-old cable layer sports Damen's emission reduction technology
Business & Finance

Van Oord’s 10-year-old cable layer sports Damen’s emission reduction technology

Van Oord’s ten-year-old cable laying vessel (CLV) Nexus has been equipped with advanced selective catalytic reduction (SCR) systems said to reduce 80% of nitrogen (NOx) emissions. Damen Shipyards Group, who built the cable layer ten years ago, installed five SCR units on the Nexus, one for each engi

about 1 year ago
TGS to kick off two 4D streamer projects off Norway in June
Business & Finance

TGS to perform six 4D streamer contracts this summer offshore Norway

Norway-based energy data and intelligence company TGS has secured two 4D streamer contracts in Norway, one to be performed in the North Sea and one in the Norwegian Sea. The 4D projects will be acquired back-to-back and are set to commence in June, having a total duration of approximately 80 days. K

about 1 year ago
alternative
Business & Finance

EU supports alternative fuel infrastructure projects with €422M

Maritime-related initiatives are among 39 innovative projects—-dedicated to deploying alternative fuel infrastructure—that have been selected by the European Commission.

about 1 year ago
Prinos
Business & Finance

EnEarth secures millions in EU funding for Prinos CO2 project

The European Commission has earmarked a €~120 million CEF grant to support the development of a liquified CO2 receiving terminal at Prinos Carbon Storage located in the north of Greece.

about 1 year ago
Spanish Avalon to invest €8 billion in hydrogen and derivatives projects
Business & Finance

Spanish Avalon to invest €8 billion in hydrogen and derivatives projects

Spanish energy company Avalon Renovables plans to invest around €8 billion in the development of green hydrogen and derivatives projects in different locations distributed between the provinces of Jaén, Huelva, Cádiz and Málaga.

about 1 year ago
Offshore installation begins to connect Sicily to Sardinia and Italian peninsula
Business & Finance

Offshore installation activities begin to connect Sicily to Sardinia and Italian peninsula

Italian cabling company Prysmian Group has kicked off the offshore installation activities for an interconnector that will link Sicily to Sardinia and to the Italian peninsula. The €3.7 billion Tyrrhenian Link, developed by Italy’s transmission system operator (TSO) Terna, will connect Sicily with S

about 1 year ago
Scana firm gets gig to deliver steel parts for subsea production systems
Business & Finance

Scana firm gets gig to deliver steel parts for subsea production systems

Sweden-headquartered Subseatec, owned by Scana, has secured a frame agreement with an undisclosed client under which it will deliver steel parts for subsea production systems for a period of three years. As part of the frame agreement that will begin in Q1 2025, Subseatec will be the exclusive globa

about 1 year ago
Dutch cable recovery vessel starts sailing
Business & Finance

Dutch cable recovery vessel starts sailing

Holland Shipyard Group has delivered a cable recovery vessel to compatriot shipping company Hudig & Veder which will be chartered to retrieve and recycle subsea cables. The cable recovery vessel Maasvliet is the first of five CIP3800 vessels that will be delivered for Hudig & Veder, with the first t

about 1 year ago
Halifax
Business & Finance

New funding to drive development of Halifax-Hamburg green shipping corridor

The Halifax Port Authority has been awarded funding of up to C$22.5 million (about $15.7 million) from Transport Canada to accelerate the development of the Halifax-Hamburg green shipping corridor and prepare the port for the fuels and energy sources of the future.

about 1 year ago