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Business & Finance

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Alternative FuelsClean FuelGreen MarineLNGPropulsionShipbuildingBusiness Developments & ProjectsOutlook & StrategyHydrogenCollaborationFossil EnergyLow-Carbon TransitionSubseaSurveys & InterventionsCarbon Capture Usage & StorageEnvironmentProject & TendersTransitionVisionAmmoniaBiofuelsElectricHybridMethanolPorts & InfrastructureInfrastructureInnovationRegulation & PolicyVesselsOil & GasExploration & ProductionLiquefied Natural GasRigsCablingOffshore WindSeismicFPSO & VesselsMarket OutlooksVessels & VehiclesEquipmentTechnologyInterconnectorsAuthorities & Government
Svanehøj hits record in orders due to LNG-fueled newbuilds increase
Business & Finance

ITT set to acquire Danish pump specialist Svanehøj

Danish marine pump specialist Svanehøj Group revealed that it is being acquired by ITT Inc., a U.S.-based multi-industrial company, which is expanding its presence in the growing market for liquefied gas. Svanehøj specializes in the supply of marine fuel and cargo pumps, along with LNG/LPG tank gaug

about 3 years ago
Andritz orders 18 electrolyzers from HydrogenPro
Business & Finance

Andritz orders 18 electrolyzers from HydrogenPro

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Technology company and an OEM for high-pressure alkaline electrolyzers HydrogenPro and technology group Andritz have signed a purchase contract for the delivery of 18 units of HydrogenPro’s 5.5 MW cell stacks with a total capacity of 100 MW. The firm purchase order follows a stock exchange notice da

about 3 years ago
Eni and Snam unveil Italy’s first carbon capture and storage project
Business & Finance

Eni and Snam unveil Italy’s first carbon capture and storage project

Italy’s oil and gas giant Eni and energy infrastructure operator Snam have launched the first carbon capture and storage (CCS) project in Italy. Eni CEO Claudio Descalzi and Snam CEO Stefano Venier signed an agreement on December 19, 2022, to jointly develop and manage Phase 1 of the Ravenna CCS Pro

about 3 years ago
HHLA
Business & Finance

HHLA: Boards greenlight takeover offer by MSC

The Executive Board and the Supervisory Board of HHLA are recommending the shareholders to accept the MSC offer.

about 3 years ago
P&O Maritime Logistics,
Business & Finance

P&O Maritime Logistics: We are assessing a diverse array of fuels

In today’s rapidly evolving landscape, it is no longer a question of whether to decarbonize, but rather how to do it effectively and strategically. The imperative to reduce carbon emissions and embrace sustainability has become an indisputable reality for businesses across industries. The focus has

about 3 years ago
ETAP facility in the North Sea; Source: BP
Business & Finance

BP brings on stream first oil & gas tie-back to its UK North Sea hub in 20 years

BP has started production from a field in UK waters, which was developed by Neptune Energy and connected to the oil major’s 25-year-old Eastern Trough Area Project (ETAP) hub, reusing some existing subsea infrastructure.

about 3 years ago
Wärtsilä
Business & Finance

Wärtsilä reshuffles organization, discontinuing Marine Systems

Finnish technology group Wärtsilä revealed plans to further streamline its marine business portfolio by divesting its Gas Solutions business unit.

about 3 years ago
New carbon capture firm to enter UK market
Business & Finance

New carbon capture firm to enter UK market

Aberdeen-based Amplus Energy Services is entering the carbon capture sector with a multi-million-pound investment in a Norwegian carbon capture company which will see the creation of a new UK carbon capture business. Amplus Energy announced it was investing seven figures in the Norwegian carbon capt

about 3 years ago
Gina Krog field in the North Sea; Source: Ole Jørgen Bratland/Equinor
Business & Finance

After Shelf Drilling rig hits gas in North Sea, production start-up on the cards by year-end

Equinor has made a new gas discovery in the North Sea, using one of Shelf Drilling’s jack-up rigs.

about 3 years ago
Kriegers Flak offshore wind farm in the Danish Baltic Sea
Business & Finance

Vattenfall, TKF enter long-term partnership for inter-array cables

Vattenfall and TKF have signed a multi-year partnership for the supply of inter-array cables for offshore wind farms in Europe. The agreement covers the supply of 66 kV inter-array cables and will apply to all fixed-bottom European offshore wind farms developed by Vattenfall in the coming years. The

about 3 years ago
New contract to keep PGS busy through winter season
Business & Finance

New contract to keep PGS busy through winter season

Norwegian seismic company PGS has secured a 3D exploration contract in the Mediterranean that will take place through the winter season. The Ramform Titan is scheduled to mobilize for the survey in December and the contract has a total duration of approximately 160 days. “We are very pleased with th

about 3 years ago
Illustration; Source: Energy Maritime Associates (EMA)
Business & Finance

With orders set to reach $173 billion, ‘robust’ demand in store for FPSO, FLNG and other floating production units

New report predicts a boost in demand, with orders reaching up to $173 billion for 168 floating production units within the next five years.

about 3 years ago
Following R&D program, NextGeo launches high-speed ROV
Business & Finance

Following R&D program, NextGeo launches high-speed ROV

London-headquartered Next Geosolutions has launched a high-speed survey remotely operated vehicle (ROV), following a research and development program. HS-ROV Superior, a result of a collaboration between the company’s R&D and Technical Departments and high-tech ROV manufacturer Kystdesign, is a fast

about 3 years ago
Construction milestone at NeuConnect as UK and Germany set up energy and climate partnership
Business & Finance

Construction milestone at NeuConnect as UK and Germany set up energy and climate partnership

The first phase of UK construction has been completed for the first-ever energy link between the UK and Germany, keeping the project on track. The construction milestone comes as NeuConnect Chair Julia Prescot joined the signing of a new UK-Germany Joint Declaration of Cooperation on Energy and Clim

about 3 years ago