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Business & Finance

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© Copyright Louis Dreyfus Armateurs / Airbus
Business & Finance

Louis Dreyfus Armateurs to build three wind-assisted RoRos for Airbus

European aerospace giant Airbus has selected French maritime firm Louis Dreyfus Armateurs (LDA) to renew its fleet of chartered vessels with three low-emission roll-on /roll-off vessels supported by wind-assisted propulsion. Airbus has commissioned LDA to build, own, and operate these new vessels th

about 3 years ago
EU reaffirms CCS crucial to achieving climate targets
Business & Finance

EU reaffirms CCS crucial to achieving climate targets

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The European Parliament Committee on Industry (ITRE) has adopted a position on the Net-Zero Industry Act (NZIA), further endorsing the emerging consensus on the vital role of carbon capture and storage (CCS) in achieving Europe’s climate targets. The position adopted by ITRE is said to strengthen th

about 3 years ago
Seaway Aimery at Seagreen offshore wind farm
Business & Finance

Seaway7 bags inter-array cable contract offshore Poland

Seaway7, part of the Subsea7 Group, has been awarded a contract by Equinor and Polenergia for the inter-array cables of the MFW Bałtyk II and MFW Bałtyk III offshore wind projects in the Polish part of the Baltic Sea. Seaway7’s scope of work includes the engineering, procurement, construction, and i

about 3 years ago
NSTA ready to grant two-year license extension to Orcadian Energy
Business & Finance

NSTA ready to grant two-year license extension to Orcadian Energy

The North Sea Transition Authority (NSTA) is ready to agree a two-year extension to the second term for the Pilot license to UK-headquartered oil and gas company Orcadian Energy. As announced in September, Orcadian entered into a non-binding heads of agreement (HoA) with a North Sea operator which p

about 3 years ago
Fluxys, OQGN to work on hydrogen and CO2 infrastructure projects in Oman
Business & Finance

Fluxys, OQGN to work on hydrogen and CO2 infrastructure projects in Oman

Belgium’s energy infrastructure company Fluxys and Omani state-owned transmission system operator OQ Gas Networks (OQGN) have signed a memorandum of understanding (MoU) to jointly explore strategic cooperation in the development of hydrogen and CO2 infrastructure projects in Oman. The signing took p

about 3 years ago
Chinese vessel's anchor probable cause of Balticconnector damage, Finnish police says
Business & Finance

Chinese vessel’s anchor probable cause of Balticconnector damage

Finland’s National Bureau of Investigation (NBI) has clarified technically the cause of the Balticconnector gas pipeline damage, stating that the Newnew Polar Bear vessel, flying the flag of Hong Kong, is believed to have caused it. The NBI stated at a press conference on October 24 that it had made

about 3 years ago
Pipeline contract awarded for first Dutch CO2 storage project
Business & Finance

Pipeline contract awarded for first Dutch CO2 storage project

Allseas has won a contract to construct the subsea pipeline for the Porthos CO2 storage project, the first such project in the Netherlands. The news comes shortly after the final investment decision (FID) was made for the project. Allseas’ work includes installation, burial and commissioning of the

about 3 years ago
Lady Maria Fisher
Business & Finance

James Fisher linked to order for up to 4 dual-fuel LNG tankers in China

UK-based maritime service provider James Fisher has reportedly placed an order for up to four dual-fuel liquefied natural gas (LNG) tankers. The contract includes two firm orders plus options for two additional ships. The vessels will be constructed at China Merchants Jinling Shipyard (Yangzhou), Ch

about 3 years ago
Woodside taps TechnipFMC for more flexible pipe
Business & Finance

Woodside taps TechnipFMC for more flexible pipe

TechnipFMC has secured a contract with Australia’s energy giant Woodside Energy for the manufacture of flexible pipe. TechnipFMC will supply infield flowlines and jumpers for Woodside’s Trion project in deepwater Mexico. The award was included in the company’s inbound orders in the third quarter of

about 3 years ago
Ocean Power Technologies gets $1.6 million USV order
Business & Finance

Ocean Power Technologies gets $1.6 million USV order

Ocean Power Technologies (OPT) has received an order from Sulmara for multiple uncrewed surface vehicles (USVs), representing the largest single order of WAM-Vs to date. The order is valued at $1.6 million. Due to demand, production is already underway and will allow for revenue recognition this fis

about 3 years ago
Huisman unveils new crane series for subsea operations
Business & Finance

Huisman unveils new crane series for subsea operations

The Netherlands-based Huisman is launching a renewed series of its subsea knuckle boom cranes for use in the subsea construction market, taking into account energy efficiency, automation and safety. The new, optimized series includes models starting from 85mt up to 350mt and covers both setups with

about 3 years ago
Maersk
Business & Finance

Alliance of CEO Climate Leaders urge world govts to scale up investment in renewable energy ahead of COP28

More than a hundred CEOs and senior executives from the Alliance of CEO Climate Leaders, led by Vincent Clerc, Chief executive Officer of A.P. Moller Maersk, have shared an open letter to world leaders ahead of COP28. The quest to cap global temperature rise at 1.5°C faces jeopardy without intensifi

about 3 years ago
Another North Sea P&A gig for Plexus
Business & Finance

Another North Sea gig for Plexus

Oil and gas engineering services business Plexus Holdings has secured a contract award for Exact and Centric equipment for a plug and abandonment (P&A) project secured through its licensor SLB for a North Sea operator. The order includes the provision of Exact adjustable wellhead system and Centric

about 3 years ago
Lemso vessels
Business & Finance

‘Industry’s first’ methanol-powered sustainable shipping fund unveiled

ProMarine AG, an investment advisor for the financing of the maritime energy transition, has launched what has been described as the’ industry-first sustainable shipping fund’ with an initial portfolio of four methanol-fueled MR tankers led by methanol producer Proman and shipping company Stena Bulk

about 3 years ago