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Business & Finance

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KCI the engineers
Business & Finance

Dutch firm wins platform modification work for large-scale CCS project

KCI the engineers (KCI) has been picked for the engineering of the modification of the TAQA-owned offshore platform, which will be used for the injection of CO2, as part of the first large-scale Dutch carbon capture and storage (CCS) project.

about 2 years ago
Illustration. Source: Equinor
Business & Finance

Norway still holds ‘valuable’ gas resources but uncertainty looms over development for some

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The Norwegian Petroleum Directorate (NPD) has conducted a mapping of gas resources that have yet to be developed.

about 2 years ago
Snam completes purchase of FSRU BW Singapore to be deployed off Ravenna
Business & Finance

Snam completes purchase of FSRU BW Singapore to be deployed off Ravenna

Italian energy player Snam has finalized the acquisition of the floating storage and regasification unit (FSRU) BW Singapore which will be deployed offshore Ravenna, Italy, contributing to the country’s energy security and diversification. On July 6, 2022, Snam and BW LNG signed the agreement for th

about 2 years ago
Shipping
Business & Finance

Blue Mediterranean Partnership gains momentum with €1 billion investment pledge at COP28

The Blue Mediterranean Partnership, a collaborative initiative aimed at fostering a sustainable blue economy in the Mediterranean region, has received a substantial boost with key stakeholders, donors, and beneficiary country representatives signing a letter of intent at COP28, vowing to make the pa

about 2 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Shell gets rubber stamp to deploy Odfjell Drilling-managed rig for ops in North Sea

Shell has received the green light to use an Odfjell Drilling-managed rig for plugging and abandonment activities in the North Sea.

about 2 years ago
Preferred tie-in point of Anning and Somerville fields to Shell’s infrastructure (Corvette and Leman-A platforms); Source: Hartshead
Business & Finance

With amendments in place, funding solution secured for UK North Sea gas project

Hartshead and RockRose have reached an agreement to amend the farm-out agreement and joint operating agreement (JOA).

about 2 years ago
PGS
Business & Finance

TGS and PGS shareholders back merger to create ‘premier energy data’ player

PGS has made progress in its merger with TGS after shareholders of both companies threw their support behind the merger in a bid to establish a stronger and more diversified geophysical company and data provider to the energy value chain.

about 2 years ago
Fincantieri
Business & Finance

Fincantieri boosting offshore and subsea sectors’ growth with new acquisition

Italian shipbuilding giant Fincantieri has set forth the main terms and conditions for the acquisition of 100% shares of Remazel Engineering.

about 2 years ago
Vopak becomes 50% shareholder in EemsEnergy Terminal
Business & Finance

Vopak becomes 50% shareholder in EemsEnergy Terminal

Dutch tank storage company Vopak and compatriot energy network operator Gasunie have completed the principle agreement whereby Vopak becomes a 50% shareholder in EemsEnergy Terminal, an LNG import terminal in Eemshaven in the Netherlands. Vopak and Gasunie announced the principle agreement in April

about 2 years ago
Denmark and USA to explore development of green corridors in the Global South
Business & Finance

Denmark and USA to explore development of green corridors in the Global South

The Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, the U.S. Department of State, the U.S. Department of Energy, and the Danish Government have joined forces to resource and execute pre-feasibility studies for green corridors in five countries in the Global South, as announced on Friday at C

about 2 years ago
Environmental Defense Fund Europe (EDFE)
Business & Finance

COP28 brings ‘historic’ action as 50 oil & gas players pen decarbonization charter

A global decarbonization charter, inked by 50 oil and gas firms to speed up climate action, will have a high-scale impact within the industry.

about 2 years ago
EU-Catalyst Partnership to back Ørsted’s FlagshipONE e-methanol project
Business & Finance

EU-Catalyst Partnership to back Ørsted’s FlagshipONE e-methanol project

Danish energy company Ørsted has secured support from the EU-Catalyst Partnership, which consists of the European Commission (EC), Breakthrough Energy Catalyst, and the European Investment Bank (EIB), for its FlagshipONE project, also known as Europe’s largest e-methanol plant. On December 1, at COP

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

Dive into: Multi-million and billion-dollar deals, interconnectors, innovations, acquisitions, and vessel jobs

The maritime and offshore energy industries share a decarbonization drive and seek to develop long-term net zero solutions to combat climate woes.

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

€850 million award for UK’s cable connection project lands on Prysmian’s order backlog

Prysmian has tucked under its belt a contract win worth around €850 million for a high voltage direct current (HVDC) cable connection in the UK.

about 2 years ago