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Business & Finance

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Value Group
Business & Finance

Rotterdam Energy Transition Fund backs Value Group to drive development of CO2 hub

Value Group, the Netherlands-based company uniting Value Maritime and Value Carbon, has secured a €2 million investment from Rotterdam Energy Transition Fund (ETF-R), a €100 million investment fund of the City of Rotterdam.

about 1 year ago
Ashtead Technology has signed an agreement with Acteon Group to acquire Seatronics and J2 Subsea for £63 million (approximately $81.6 million)
Business & Finance

Ashtead Technology wraps up acquisition of two firms from Acteon

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UK-headquartered subsea equipment rental and solutions provider Ashtead Technology has completed its £63 million (approximately $81.6 million) acquisition of Seatronics and J2 Subsea, expanding its subsea survey and robotics capabilities portfolio. According to Ashtead Technology, the deal bolsters

about 1 year ago
CLB Ailan YiHao (AL-1) at oilfield development project offshore China; Source: Fulan Offshore
Business & Finance

Cable laying barge wraps up its first subsea foray into oil & gas arena after offshore wind jobs (Gallery)

China-headquartered Fulan Offshore has crossed the finish line at an oilfield project in the Bohai Sea with one of its cable laying barges (CLBs), which previously worked on multiple offshore wind projects.

about 1 year ago
Wikinger offshore wind farm, aerial view with one turbine close up
Business & Finance

Iberdrola hires ABL for Windanker MWS services offshore Germany

Energy and marine consultancy ABL has been awarded a contract to provide marine warranty survey (MWS) services to support the offshore construction of Iberdrola’s 315 MW Windanker offshore wind farm in Germany. ABL Germany, based in Hamburg, will provide MWS services to support the offshore transpor

about 1 year ago
The illustration for Powering the Blue Economy: Power at Sea (Courtesy of the U.S. DOE's American Made Challenges) WPTO
Business & Finance

Marine energy concepts secure $200K in US Power at Sea Prize launch

The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has unveiled the winners of the first phase of its Power at Sea Prize, awarding $200,000 to 20 teams for marine energy concepts aimed at powering ocean-based activities. “There is so much potential for marine energy technol

about 1 year ago
Illustration; Source: Prysmian
Business & Finance

Prysmian’s cable-making ops at full blast for two big North Sea oil & gas projects

Prysmian is hard at work at its factory in Norway to provide cables for two oil and gas development projects in the North Sea, off the coast of Norway. Thanks to these projects, the Italian player’s headcount has gone up.

about 1 year ago
OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow
Business & Finance

OEEC 2024 Exclusive Networking Dinner guests meeting ahead of event kick-off tomorrow

The 17th edition of Offshore Energy Exhibition & Conference (OEEC) will launch tomorrow, November 26, but the event has already started with a get-together at the iconic Capital C in Amsterdam. There, guests from around the world who signed up for the Exclusive Networking Dinner are meeting before O

about 1 year ago
Eldfisk Complex; Source: ConocoPhillips
Business & Finance

ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player

ConocoPhillips has brought a compatriot oil and gas company into its fold by wrapping up the multibillion-dollar business combination with Marathon Oil Corporation.

about 1 year ago
Illustration; Source: Rystad Energy
Business & Finance

Powering oil & gas production with renewables and low-carbon energy: Electrification brings emission cuts of 80%

While the energy transition toolbox is filled with decarbonization tools, electrification seems to be the jewel in its crown, based on research conducted by Rystad Energy, which points out that applying this method to upstream operations has the potential to get rid of over 80% of oil and gas produc

about 1 year ago
Illustration; Source: ExxonMobil
Business & Finance

Net zero quest: Weaning off oil & gas or undermining the world’s energy security backbone?

After decarbonization pledges entered the scene, climate change challenges have fanned the transformation flames, taking the energy industry’s transition to other power sources to a whole new level.

about 1 year ago
TGS picks up 2025 tasks in India and Europe
Business & Finance

TGS picks up 2025 tasks in India and Europe

Norway-based energy data and intelligence company TGS has further expanded its 2025 to-do list with a 3D streamer contract in India and an ocean bottom node (OBN) contract in Europe, both set to be kicked off at the beginning of the year. TGS said it had secured a significant 3D streamer contract fo

about 1 year ago
Vena Energy LS Cable
Business & Finance

New agreement to keep LS Cable & System busy offshore South Korea

Vena Energy’s subsidiary, Taean Wind Power, has selected LS Cable & System as the preferred submarine cable supplier for the 504 MW Taenan offshore wind farm in South Korea. Under the agreement, LS Cable will supply high-voltage subsea cables, which are essential for transmitting renewable energy fr

about 1 year ago
Illustration; Source: Navingo
Business & Finance

Carbon offsetting and green gas: Chasing fairy tale of climate-neutral future or key tools in net zero’s arsenal?

As time goes by, the zest for a carbon-free world has sparked a seismic shift toward the sphere of environmental sustainability. However, many thorns remain on the path to such a low-emission world, including differing perceptions about the tools to achieve this goal. This is hammered home by the pu

15 minutes read
Illustration; Source: Environmental Defense Fund Europe (EDFE)
Business & Finance

Global efforts to get rid of potent greenhouse gas menace heat up – Giving methane the slip

As waves of climate change woes buffet the world mercilessly, the zest to tackle the greenhouse gas (GHG) emissions challenge is spurring global action, with attempts to combat methane being first on the agenda.

12 minutes read