Business & Finance
TotalEnergies’ energy transition roadmap comes under fire due to oil, gas and LNG ties
An analysis of TotalEnergies’ energy production diversification strategy was undertaken by Reclaim Finance.
Global low-emissions hydrogen growth threatened by lack of policy support and high costs, IEA report shows
While interest in new low-emissions hydrogen is on the rise, the slow roll-out of financial incentives and cost pressures put investment plans for future projects at risk, according to a new report published by the International Energy Agency (IEA). The latest edition of the IEA’s annual Global Hydr
Reliability of subsea cables paramount to energy transition success, GUH says
Failures in underwater cables could derail global offshore wind ambitions as the reliability of these cables is paramount to the success of offshore wind and the energy transition, according to the Global Underwater Hub (GUH), UK’s trade and industry development body for the underwater sectors. GUH
IEA: Methanol to take a backseat as ammonia blazes the trail in shipping’s decarbonization journey
In the ever-evolving quest to decarbonize the shipping industry, ammonia has emerged as the frontrunner, while methanol, despite its current hype, plays a comparatively smaller role, according to the International Energy Agency’s (IEA) 2023 Net Zero Roadmap report. The IEA’s 2023 Net Zero Roadmap se
Norwegian firm pulls out of mini oil & gas licensing round in North Sea
BlueNord has dropped out of a mini oil and gas licensing round for exploration and extraction in a defined area in the Danish North Sea.
Several wells on drilling agenda in 2024 for giant Black Sea gas field
Trillion Energy has unveiled plans for the rest of 2023 along with its 2024 multi-well drilling program at a gas field in the Black Sea.
Seafarers’ unions strike deal for a 6 pct pay hike
Seafarers’ unions and maritime employers have signed a four-year agreement that will see significant wage increases and dozens of workplace protections and improvements for over 250,000 seafarers’ serving on more than 10,000 vessels. The International Bargaining Forum (IBF), the forum that negotiate
Interview: To help boost confidence and give clear direction for tidal energy, UK government should set 1GW target for 2035
Jeremy Smith, CEO of QED Naval and its Welsh subsidiary Mor Energy, talked with Offshore Energy about the funding it received in the latest UK government’s contracts for difference auction, the Subhub tidal energy technology, the issues the sector is facing in the UK and what can be done to accelera
Ulstein tasked with converting two PSVs into geotechnical vessels
Ulstein Design & Solutions has secured a contract with Fugro to redesign and convert two platform supply vessels (PSVs) into geotechnical vessels. Fugro said that by retrofitting the ULSTEIN PX121 design Fugro Resilience and Topaz Endurance PSVs, both built in 2015, it could unlock their versatile p
Danes order Chinese submarine cables for €8.5 million
Denmark’s transmission system operator (TSO) Energinet has awarded China’s Zhongtian Technology Submarine Cable (ZTTSC) with a contract for the delivery of submarine cable for Danish waters. Energinet selected ZTTSC for the delivery of approximately 12 kilometers of 145 kV submarine cable system to
Aker BP to spud North Sea prospects with Saipem rig
Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.
Wind-propulsion installations poised to surpass 50 mark in early 2024
Wind propulsion installations on large vessels are on track to surpass the 50 mark in early 2024, according to a recent update by Gavin Allwright, Secretary General of the International Windship Association (IWSA). This achievement reflects the continued momentum behind wind propulsion solutions and
Subsea Integration Alliance and BP unite to enhance subsea project performance
Subsea Integration Alliance has signed a memorandum of understanding (MoU) with UK energy giant BP aimed at developing a framework to enhance subsea project performance. Signed at an official ceremony in London on September 22, the agreement between BP and the alliance that comprises Subsea7 and One
Princess Royal unveils £420 million Aberdeen Port expansion
The Port of Aberdeen, the UK’s oldest business, now boasts the country’s newest harbor, signaling a vibrant future for energy, trade, and tourism in Scotland’s journey towards net zero emissions. Namely, the port’s £420 million (USD 514 million) expansion project was officially inaugurated on Friday