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Business & Finance

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Eni and Ithaca Energy in 'potential transformational combination'
Business & Finance

Eni and Ithaca Energy in ‘potential transformational combination’

North Sea oil and gas operator Ithaca Energy has entered into an exclusivity agreement with Eni in relation to a potential transformational combination with substantially all of the company’s UK upstream assets. The deal implies the recently acquired Neptune Energy assets, excluding certain assets i

about 2 years ago
Germany’s SEFE to bolster role in secure energy supply by becoming sole owner of WIGA
Business & Finance

Germany’s SEFE to bolster role in secure energy supply by becoming sole owner of WIGA

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German SEFE will become the sole shareholder of gas transmission network WIGA by acquiring the 50.02% shareholding held by Wintershall Dea.

about 2 years ago
Finland-based wave energy technology developer, AW-Energy, has completed the three-year WaveFarm project founded by the European Maritime and Fisheries Fund through the Blue Economy Window.
Business & Finance

AW-Energy finishes three-year WaveFarm project

Finland-based wave energy technology developer, AW-Energy, has completed the three-year WaveFarm project founded by the European Maritime and Fisheries Fund through the Blue Economy Window. According to the company, this initiative is a step forward for the WaveRoller wave energy converter, showing

about 2 years ago
Equinor gives out more work to Ocean Installer
Business & Finance

Equinor gives out more work to Ocean Installer

Norway’s Ocean Installer has secured a new subsea line modification (SLM) project award from compatriot energy giant Equinor, with execution scheduled for fall. The scope of work on Åsgard A in the Norwegian Sea covers the recovery of two risers, the installation of one new riser and flexible jumper

about 2 years ago
Stena Bulk sells two LNG tankers to BW LNG in bid to ‘build bridges towards a new era’
Business & Finance

Stena Bulk sells two LNG tankers to BW LNG in bid to ‘build bridges towards a new era’

Swedish tanker shipping company Stena Bulk has completed the sale of two LNG carriers to Norway-based gas shipping company BW LNG.

about 2 years ago
Equinor and DNO delineate 2023 oil & gas discovery with appraisal well and sidetrack
Business & Finance

Equinor and DNO delineate 2023 oil & gas discovery with appraisal well and sidetrack

Norwegian state-owned energy giant Equinor and compatriot oil and gas operator DNO have completed an appraisal well and sidetrack said to further delineate the 2023 Heisenberg oil and gas discovery in the Norwegian North Sea. Heisenberg, a new shallow play located in license PL827SB in the northern

about 2 years ago
Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain
Business & Finance

Oman’s Hydrom and Germany’s VNG looking into green hydrogen value chain

Hydrom and VNG will examine the economic potential of building a green hydrogen and ammonia value chain between Oman and Germany.

about 2 years ago
EU ETS
Business & Finance

Shipping giants reaping high profits from EU ETS, study shows

Shipping giants are profiteering from the EU Emissions Trading System (EU ETS), the world’s first and largest emissions cap-and-trade system, a new Transport & Environment (T&E) study reveals.

about 2 years ago
Seismic interpretation solutions firm Eliis and U.S. headquartered Chevron have agreed to collaborate on the development and commercialization of advanced artificial intelligence (AI) algorithms for s
Business & Finance

Chevron and Eliis collaborate on AI solutions for seismic interpretation

Seismic interpretation solutions firm Eliis and U.S. headquartered Chevron have agreed to collaborate on the development and commercialization of advanced artificial intelligence (AI) algorithms for seismic interpretation, subsurface characterization, and modeling. Leveraging its experience in hydr

about 2 years ago
Reach Subsea's first Reach Remote USV sea-launched
Business & Finance

Reach Subsea’s first Reach Remote USV sea-launched

Reach Subsea has sea-launched the first unit of its Reach Remote fleet of uncrewed 24-meter surface vessels (USVs), which will, as the Norwegian company says, “revolutionize offshore subsea operations, aligning with sustainability initiatives”. The first Reach Remote unit was sea-launched on Monday,

about 2 years ago
Illustration; Source: Energy Industries Council (EIC)
Business & Finance

Widening chasm between reality and ambitions endangers net zero targets

The rift between the current energy landscape and greener desires continues to expand, putting global net zero targets in peril.

about 2 years ago
Swedish energy-tech company SeaTwirl and UK-based energy management and energy storage firm Verlume have inked a memorandum of understanding (MoU) to collaborate on the electrification of offshore ass
Business & Finance

SeaTwirl and Verlume join forces to drive decarbonization of offshore assets

Swedish energy-tech company SeaTwirl and UK-based energy management and energy storage firm Verlume have inked a memorandum of understanding (MoU) to collaborate on the electrification of offshore assets and decarbonization of the oil and gas industry. The MoU will see the two companies identify and

about 2 years ago
Producer of equipment for the farming industry, AKVA Group, has established a partnership with a Norwegian floating solar company Inseanergy, to use floating solar energy to operate fish farming opera
Business & Finance

AKVA Group and Inseanergy eye floating solar energy for Chilean aquaculture

Producer of equipment for the farming industry, AKVA Group, has established a partnership with Norwegian floating solar company Inseanergy to use floating solar energy to operate fish farming operations in Chile. According to AKVA Group, the partnership focuses on the shift from fossil fuels to sola

about 2 years ago
Fugro vessel ready to be equipped with methanol engines
Business & Finance

Fugro vessel ready to be equipped with methanol engines

Fugro’s geophysical vessel Fugro Pioneer is ready to be equipped with methanol engines following the conversion of the main components on board. The vessel was converted in the Netherlands as part of the Fugro-led Methanol as Energy Step Towards Emission-free Dutch Shipping (MENENS) consortium with

about 2 years ago