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Business & Finance

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Illustration; Source: Westwood
Business & Finance

Namibia’s discoveries seen as silver lining: Global drilling costs up but exploration success rate down

High-impact exploration average discovery size is declining while costs have risen for the fifth consecutive year.

about 2 years ago
Illustration; Source: China Shipbuilding
Business & Finance

Chinese shipbuilder in need of GTT’s bag of tricks for tank design of 10 very large LNG carriers

France’s GTT has received an order from Hudong-Zhonghua for the tank design of 10 new very large liquefied natural gas carriers (LNGCs).

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about 2 years ago
HYDS becomes key partner in green hydrogen production project at Fjord Base
Business & Finance

HYDS becomes key partner in green hydrogen production project at Fjord Base

HYDS acquired a 33% stake in HyFuel, a developer of a green hydrogen production project for the maritime sector at Fjord Base in Norway.

about 2 years ago
Illustration; Source: Novatek
Business & Finance

LNG and dark fleet emerge as salient points of EU’s new raft of sanctions against Russia

The EU has decided to hit Russia with more sanctions aimed at eating away at the country’s ability to finance its military operations in Ukraine.

about 2 years ago
EU okays €3 billion German scheme in support of hydrogen network project
Business & Finance

EU okays €3 billion German scheme in support of hydrogen network project

The European Commission (EC) has approved an estimated €3 billion German scheme to support the construction of the Hydrogen Core Network (HCN).

about 2 years ago
European shipowner splashes $220 million on methanol-ready boxships at HJ Shipbuilding
Business & Finance

European shipowner splashes $220 million on methanol-ready boxships at HJ Shipbuilding

HJSC secured a $220 million contract with a mystery European shipowner to construct two eco-friendly methanol-ready 7,900 TEU containerships.

about 2 years ago
DOF continues it winning streak with Petrobras with two new contracts
Business & Finance

DOF continues its winning streak with Petrobras with two new contracts

Norwegian vessel owner DOF Group has added more work to its to-do list for Brazilian oil and gas giant Petrobras by securing two new long-term contracts. The Brazil-built and flagged 142.2-meter-long pipelay support vessel (PLSV) Skandi Niterói has been given a three-year firm plus option contract,

about 2 years ago
Proteus Marine Renewables’ cost-effective yaw system ready for deployment subsea
Business & Finance

UK firm’s cost-effective yaw system ready for deployment subsea

Following the completion of acceptance testing, UK-based tidal energy company Proteus Marine Renewables’ (PMR’s) Yaw System for tidal turbines is now en route for deployment subsea.

about 2 years ago
With financial support, Equinor backs Reach Subsea's USV qualification program
Business & Finance

With financial support, Equinor backs Reach Subsea’s USV qualification program

Norway’s Reach Subsea is collaborating with compatriot state-owned energy giant Equinor to carry out a technology qualification program for the Reach Remote uncrewed surface vessels (USVs) that aims to validate remote operations for various tasks. Reach Remote 1 and 2 have entered the final testing

about 2 years ago
Dutch duo exploring options for LNG, hydrogen, and CCS at EemsEnergy Terminal
Business & Finance

Dutch duo exploring options for LNG, hydrogen, and CCS at EemsEnergy Terminal

Vopak and Gasunie have launched market consultation to look at LNG, hydrogen, and CCS possibilities at the EemsEnergy Terminal in Eemshaven.

about 2 years ago
Illustration; Source: Norwegian Ministry of Energy
Business & Finance

Oil & gas players get their hands on CO2 storage licenses in North Sea

Three companies have confirmed the award of new CO2 storage licenses as part of the sixth call launched by Norway’s Ministry of Energy.

about 2 years ago
Shetland HVDC Link transmits first power ahead of full commissioning later this summer
Business & Finance

Shetland HVDC Link transmits first power ahead of full commissioning later this summer

SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) Link in the North Sea has transmitted its first power from a wind farm to the mainland, nearing full energization. The £660 million Shetland HVDC Link connects Noss Head in Caithness and Weisdale Voe in Shetland. The 260-kilometer subse

about 2 years ago
SolarinBlue gets a multimillion-euro grant for the first 1 MWp French and Mediterranean floating solar farm
Business & Finance

Multimillion-euro grant for first 1 MWp French and Mediterranean floating solar farm

French company SolarinBlue has been awarded €6 million in funding for its floating solar project by the French government as part of the France 2030 program, operated by ADEME, the French Agency for Ecological Transition.

about 2 years ago
N05-A platform designed to be powered by offshore wind; Source: ONE-Dyas
Business & Finance

Court rules coast is clear for North Sea gas project: Will it be smooth sailing from here on?

Has a natural gas development in the North Sea finally managed to catch a break with calm seas and fair winds ahead or is this wishful thinking given the hard stance climate activities have taken on the project?

about 2 years ago