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Business & Finance

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Swedbank
Business & Finance

Green finance: Swedbank adopts climate target for shipping portfolio

Nordic-Baltic banking group Swedbank has set a climate target for its shipping portfolio by integrating climate considerations into its loan decisions for ship finance.

about 2 years ago
Norwegian oil & gas players come up dry in North Sea and Barents Sea
Business & Finance

Norwegian oil & gas players come up dry in North Sea and Barents Sea

Norwegian oil and gas players Aker BP and Vår Energi have respectively drilled two wells in the North Sea and Barents Sea that turned out to be dry. Aker BP drilled the dry well 24/6-5 Alvheim Deep in the North Sea in production license 203, awarded in 1996, representing the eleventh exploration wel

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about 2 years ago
Oceaneering, TotalEnergies make headway to sustainable commercial pipeline inspection
Business & Finance

Oceaneering, TotalEnergies make headway in sustainable commercial pipeline inspection

U.S. technology company Oceaneering has carried out a pipeline inspection industrial pilot using an autonomous underwater vehicle (AUV) for TotalEnergies, as part of the French energy giant’s ambition to become a net-zero company. The North Sea pilot using the Freedom AUV saw the inspection of over

about 2 years ago
four men in suits gather for opening of SolarDuck's new office in Tokyo
Business & Finance

SolarDuck strengthens Asia Pacific foothold with expansion of Tokyo office

Dutch-Norwegian company SolarDuck has expanded its regional office in Tokyo, Japan, to better devote to the Japanese market and accelerate the commercialization of its floating solar technology.

about 2 years ago
Wavepiston tops capital raise target, extends crowdfunding for further investments
Business & Finance

Wavepiston tops capital raise target, extends crowdfunding for further investments

Danish company Wavepiston has reached and even surpassed the €600,003 target as a part of the capital raise for its wave energy technology.

about 2 years ago
Rendering of Woodfibre LNG project; Source: Woodfibre LNG
Business & Finance

Bankrolling fossil fuels: 60 giant banks pick up the $7 trillion tab for coal, oil & gas

Report: Over 60 international banks have been keeping the fossil fuel players in business by footing the bill for their further expansion rather than cutting off the purse strings.

about 2 years ago
CO2 injection test on schedule at license encompassing ‘UK’s largest depleted gas field’
Business & Finance

CO2 injection test on schedule at license encompassing ‘UK’s largest depleted gas field’

Preparations are currently underway for a CO2 injection test at a carbon capture and storage (CCS) license in the North Sea that encompasses the “UK’s largest depleted gas field”. Perenco UK and Carbon Catalyst Limited secured a license to progress their Poseidon CCS project at the Leman gas fields

about 2 years ago
Noble Resilient jack-up rig; Source: Noble Corporation
Business & Finance

Noble rig finds more work in UK waters

Noble Corporation has landed a new assignment for one of its harsh environment jack-up rigs with Harbour Energy.

about 2 years ago
Bright yellow ocean energy device named Mocean Blue X
Business & Finance

EMEC sets forth ‘key’ goals for UK ocean energy growth ahead of 2024 general election

The Orkney-based European Marine Energy Centre (EMEC) has outlined a set of manifesto asks for the July 4, 2024, general election to unlock green growth opportunities in ocean energy arenas in the UK waters.

about 2 years ago
General cargo vessel turns into cable recovery vessel in Estonia (Video)
Business & Finance

General cargo vessel turns into cable recovery vessel in Estonia (Video)

An Estonian shipbuilding company has carried out the conversion of a general cargo vessel into a fully equipped cable recovery vessel at its premises in Tallinn. BLRT Repair Yards manufactured and installed five cable tanks in the cargo hold, each 8,200 mm high and 10,200 mm wide, weighing a total o

about 2 years ago
Ougarta LNG carrier; Source: Sonatrach
Business & Finance

Sonatrach hands over first LNG cargo to Croatia and seals natural gas deal with Slovenian firm

Sonatrach has strengthened natural gas ties with Slovenia, thanks to an agreement with Geoplin.

about 2 years ago
Illustration; Source: JDR Cable Systems
Business & Finance

Interview with JDR: Spotlight on subsea cables’ starring role in oil & gas and renewable plays during transformation to greener energy mix

Subsea cables are expected to remain at the heart of further energy transition moves, according to JDR Cable Systems.

about 2 years ago
Prysmian's Leonardo da Vinci cable laying vessel; Source: Prysmian
Business & Finance

UK’s $3.2 billion subsea electricity superhighway embarking on construction works this winter

A HVDC project, bringing more green electricity to Britain from offshore wind farms, is set to enter the construction phase in winter 2024.

about 2 years ago
Weathervane of Freedom on FSRU Independence; Source: KN Energies
Business & Finance

Lithuania’s FSRU marks its tin anniversary with folk art depicting energy independence road

Lithuania’s FSRU has been decorated with a traditional weathervane to mark ten years since the vessel docked at the Klaipėda LNG terminal.

about 2 years ago