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Business & Finance

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Cepsa, Apical begin work on Southern Europe’s massive 2G biofuels plant
Business & Finance

Cepsa, Apical begin work on Southern Europe’s massive 2G biofuels plant

Spanish energy major Cepsa and Bio-Oils, a subsidiary of Singapore’s Apical, have commenced construction of a second-generation (2G) biofuels plant in Southern Europe, which will produce sustainable aviation fuel (SAF), renewable diesel (HVO) and biogas. Biogas is a fundamental raw material for the

about 2 years ago
CMA CGM
Business & Finance

CMA CGM gets green light from EC to acquire Bolloré Logistics

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The European Commission (EC) has approved the proposed acquisition of compatriot transport and logistics firm Bolloré Logistics by French shipping major CMA CGM.

about 2 years ago
After Sweden, Denmark ends investigation into Nord Stream pipeline explosions
Business & Finance

After Sweden, Denmark ends investigation into Nord Stream pipeline explosions

Denmark has ended its investigation concerning the explosions on the Nord Stream 1 and 2 gas pipelines that occurred in September 2022, becoming the second country to do so. Germany, Sweden and Denmark each initiated respective national investigations into the incident after four gas leaks were foun

about 2 years ago
FPSO Western Isles; Source: Jersey Oil & Gas
Business & Finance

Serica comes on board North Sea oil project

Jersey Oil & Gas plc has wrapped up the sale of a partial stake in an asset on the UK Continental Shelf (UKCS) to Serica Energy (UK) Limited.

about 2 years ago
Licence 1/11 (Barryroe field); Source: Lansdowne
Business & Finance

Ireland facing arbitration over refusal to greenlight lease undertaking for oil & gas project due to ‘environmental dogma’

Lansdowne has set the wheels into motion to move forward with its Energy Charter Treaty (ECT) claim against Ireland.

about 2 years ago
New cable layer joins Boskalis fleet following major conversion
Business & Finance

New cable layer joins Boskalis fleet following major conversion

Dutch offshore services giant Boskalis has commissioned its new cable-laying vessel (CLV) BOKA Ocean following a major conversion program. Boskalis welcomed BOKA Ocean to its fleet in August 2023 as a pipe-laying vessel, which was then converted into a broadly deployable cable layer. After completin

about 2 years ago
Guyana Group photo
Business & Finance

New JV sets up engineering and asset integrity management firm in Guyana

Norway’s asset integrity management company Axess Group and Guyana Logistics and Support Services (GLASS) have established a joint venture (JV) to launch an engineering and asset integrity management (AIM) firm in Guyana. Axess has been delivering services including design, inspection, maintenance,

about 2 years ago
Axpo and SGV to pioneer hydrogen passenger vessel on Swiss Lake Lucerne
Business & Finance

Axpo and SGV to pioneer hydrogen passenger vessel on Swiss Lake Lucerne

Swiss renewable energy company Axpo has become a shareholder in compatriot H2Uri AG, a company building the first green hydrogen production plant in central Switzerland. The hydrogen produced at this plant will be used to power the first hydrogen passenger vessel operated by Lake Lucerne Navigation

about 2 years ago
Korea Eximbank
Business & Finance

Korea Eximbank, KfW IPEX to cooperate on financing eco-friendly ship, renewable energy projects

The Export-Import Bank of Korea (Korea Eximbank) has signed a Memorandum of Understanding with Germany’s KfW IPEX-Bank in Frankfurt to boost high-tech innovation and fortify supply chains.

about 2 years ago
Flex Courageous vessel at sea
Business & Finance

Flex LNG lands another two-year LNG carrier charter extension

Flex LNG, the owner and operator of LNG carriers, has received a notice that the charterer of its vessel Flex Courageous will exercise the first extension option. Together with Flex Resolute, Flex Courageous was fixed on a three-year time charter on November 1, 2021, with the contract commencing in

about 2 years ago
Illustration; Credit: Lone Stormoen/Equinor
Business & Finance

Equinor renews deal for well control services with Norwegian firm

AGR has secured a contract extension with Equinor for the provision of blowout and well control studies on the NCS.

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

DNV: UK in need of comprehensive energy transition roadmap to usher in low-carbon future

Gears in the energy transition machine are constantly turning but not fast enough to meet the decarbonization targets that the UK has set, according to DNV.

about 2 years ago
Minesto Functionality of Dragon 12 megawatt-scale tidal energy kite verified
Business & Finance

Minesto: Functionality of Dragon 12 megawatt-scale tidal energy kite verified

Minesto’s 1.2 MW Dragon 12 tidal powerplant has delivered as expected during its first phase of operation at its grid-connected monopile seabed foundation in Vestmannasund, Faroe Islands, the Swedish company reported. The 25-ton Dragon 12 tidal energy kite was commissioned in the early morning of Fe

about 2 years ago
KfW IPEX-Bank
Business & Finance

KfW IPEX-Bank to fund Smyril Line’s new e-methanol RoRo newbuilds

Germany’s KfW IPEX-Bank has decided to support Smyril Line’s recently announced fleet-renewal program with a financing of €90 million.

about 2 years ago