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Business & Finance

MSC becomes co-owner of HHLA after EU okays acquisition

The European Commission has given the green light to MSC Mediterranean Shipping Company, the world’s largest container shipping company, to officially enter into the ownership structure of Germany’s logistics company Hamburger Hafen und Logistik Aktiengesellschaft (HHLA).

about 2 years ago

UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LC

Business & Finance

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Proteus Marine Rewables’ tidal energy system on track to slash costs, EIB confirms

UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LCoE) reduction forecasts for its AR3000 tidal energy system are achievable. The independent report,

about 2 years ago

The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside

Business & Finance

UK sets aside almost £22B for carbon capture and storage, hydrogen projects

The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside and Merseyside. According to the UK government, this move will propel the UK towards becoming a gl

about 2 years ago

Business & Finance

Sea1 Offshore scores Australian gig for 3 vessels

Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, has secured an assignment for three anchor handling tug supply (AHTS) vessels offshore Australia.

about 2 years ago

An illustration of three industrial facilities next to a body of water

Business & Finance

Eni gets gov’t funding for UK’s first foray into repurposing infrastructure to unlock CCS opportunities

Eni has secured the UK government’s funding for a carbon dioxide (CO2) transport and storage project in North-West England and North Wales, which will see the firm reuse existing pipelines and platforms to transport and store CO2 from a carbon capture and storage (CCS) industrial cluster.

about 2 years ago

Ramform Hyperion seismic acquisition vessel; Source: TGS

Business & Finance

TGS has a hand in Malaysia’s oil & gas discovery, enhances Norwegian exploration ops, and wins another gig in Southern Atlantic

TGS has assisted in enabling Petronas, a Malaysian state-owned energy giant, to uncover a new oil and gas discovery. The company also wrapped up its assignment to advance exploration efforts in the Norwegian Sea. In addition, TGS has landed a new deal in the Southern Atlantic.

about 2 years ago

A view of pipes seemingly located offshore at sunset

Business & Finance

Eni recommits to slashing emissions in its first methane report

Italy’s energy giant Eni has published its first report dealing with methane emissions aiming to reaffirm its promise to reduce methane slip and increase transparency.

about 2 years ago

Deepsea Nordkapp rig; Source: Odfjell Drilling

Business & Finance

Appraisal activities with Odfjell Drilling’s rig shed more light on gas discovery

Aker BP has used one of Odfjell Drilling’s semi-submersible rigs to delineate a two-year-old gas discovery in the Norwegian Sea and will contemplate a subsea tie-back to existing infrastructure as a development option.

about 2 years ago

AHTS Normand Prosper; Source: Solstad Offshore

Business & Finance

Solstad enriches its green shipping quest with renewable fuel as biodiesel-powered vessel puts rig’s mooring spread in place

Solstad Offshore has embraced another decarbonization tool to expand its zero-emission shipping toolbox by turning to renewable biodiesel (HVO) to bunker an anchor handling tug supply (AHTS) vessel before it embarked on its assignment related to a semi-submersible rig off the coast of Norway.

about 2 years ago

Business & Finance

Mermaid Subsea ahead of schedule with ‘major’ decommissioning campaign for Shell

Mermaid Subsea Services (UK) has ahead of schedule wrapped up the first phase of what it says is a major North Sea decommissioning contract for Shell UK. Mermaid announced in June that it had been awarded an engineering, preparation, removal and disposal (EPRD) well head severance (WHS) contract by

about 2 years ago

Cygnus gas field in the southern North Sea; Source: Neptune Energy, which became part of Eni following merger and is now part of enlarged Ithaca Energy

Business & Finance

Ithaca-Eni upstream oil & gas combination gives birth to UK’s ‘largest resource holder’ in North Sea

Eni has fused its upstream assets in the UK, excluding East Irish Sea ones and carbon capture, utilization, and storage (CCUS) activities, with Delek’s Ithaca Energy, a North Sea oil and gas operator and producer.

about 2 years ago

Business & Finance

TotalEnergies empowering oil & gas and renewables arsenal with up to $90 billion by 2030 as LNG remains crown jewel of its multi-energy mission

TotalEnergies is continuing to push forward its multi-energy strategy as it works on balancing the transition to low-carbon and green sources of supply and the attempts to fortify energy security scales.

about 2 years ago

Installation works wrap up at Wilhelmshaven 2 LNG terminal; Source: Geocean

Business & Finance

With installation ops done, Germany’s new LNG terminal ready for FSRU connection to gas grid (Video)

ECOnnect Energy is nearing the last mile of the installation work related to a jettyless ready IQuay solution for liquefied natural gas (LNG) import to Germany’s second terminal in Wilhelmshaven.

about 2 years ago

Business & Finance

Axess wins cable work on Denmark’s largest offshore wind farm

Axess Technologies has secured a cable installation contract with HSM Offshore Energy for the Thor offshore wind farm located off the Danish west coast. The scope of work includes project management, engineering, pulling, terminating, and testing the internal platform cables into the Thor offshore s

about 2 years ago