Business & Finance
Teck teams up with Norden to cut its carbon footprint
Danish shipping company Norden has inked a deal with Teck Resources Limited, one of Canada’s largest mining companies, to reduce CO² emissions in Teck’s steelmaking coal supply chain. The agreement is expected to reduce annual emissions from Teck shipments handled by Norden by 25%, or up to 6,700 to
Fugro orders video streaming technology from Australian company
Fugro Middle East has placed an order with an Australia-headquartered company for video streaming technology for its uncrewed surface vessel (USV) operations. Perth-based Harvest Technology Group reported that it had secured its first order from Fugro Middle East for its hybrid Nodestream and Remote
Euronav splashes $112 million on VLCC newbuild
Belgian tanker shipping major Euronav has entered into a deal to buy a Very Large Crude Carrier (VLCC) newbuild from an undisclosed party, paying $112.2 million for the vessel. Under the deal, the company has an option for an additional VLCC newbuild. Euronav said that it has two months to decide wh
Valaris rig heading towards its next drilling job in North Sea
Valaris has confirmed that one of its jack-up rigs is en route to its upcoming drilling assignment in the UK sector of the North Sea.
UK’s blueprint for energy security goes hand in hand with net zero as oil & gas, nuclear and renewables join forces
The UK government recently set out plans to scale up the deployment of renewables, ramp up nuclear and maximise the oil and gas production.
DP World to bolster handling capacity with 3 million TEU
Dubai-based port operator DP World expects to add approximately 3 million Twenty-Foot Equivalent Units (TEUs) of new container handling capacity by the end of the year. The company currently manages approximately 9% of the world’s handling capacity, putting it among the top five global port operator
BP leads investment in H2 electrolyzer developer Advanced Ionics
Advanced Ionics, a developer of hydrogen electrolyzers, has closed a $12.5 million series A financing led by energy major BP Ventures, with additional investors including Clean Energy Ventures, Mitsubishi Heavy Industries (MHI) and GVP Climate. The new capital is expected to help catalyze Advanced I
Another carbon storage license awarded in UK North Sea
Just shortly after news that the North Sea Transition Authority (NSTA) awarded a license for a carbon capture and storage (CCS) project to Perenco UK and Carbon Catalyst as part of its first competitive carbon storage license round, Wintershall Dea announced it had won one as well. Wintershall Dea’s
UK-Netherlands subsea gas interconnector set for inspection program
An inspection program of the Balgzand-Bacton Pipeline (BBL) between the Netherlands and the UK is set to be carried out next month after the completion of previously announced maintenance. As announced, BBL Company’s annual planned maintenance period of the BBL facilities will take place during six
Aker BP’s multi-billion oil project moves forward with steel cutting for 1,000-ton module
Aker BP is progressing with the development of its recently greenlighted project on the Norwegian Continental Shelf (NCS) with the cutting of the first steel for an approximately 1,000-ton module to be built at Nymo.
NSTA awards carbon storage license encompassing ‘UK’s largest depleted gas field’
The North Sea Transition Authority (NSTA) has awarded a license for a carbon capture and storage (CCS) project encompassing the “UK’s largest depleted gas field” in its first competitive carbon storage license round. The NSTA has awarded Perenco UK and Carbon Catalyst with a license to progress thei
Wallenius Wilhelmsen pens deal for up to 12 methanol and ammonia-ready newbuilds
Oslo-listed RoRo vessel operator Wallenius Wilhelmsen ASA has signed a letter of intent for delivery of four 9,350 CEU methanol-capable and ammonia-ready vessels and individual options for an additional eight car carriers. The four vessels are set for delivery from mid-2026 and onwards by China’s Ji
WATCH: EPS, GCMD and GoodFuels team up on third biofuel supply chain trial
The Global Centre for Maritime Decarbonisation (GCMD) has bunkered the third supply chain of a biofuel blend as part of its pilot to develop a quality, quantity and GHG abatement assurance framework for drop-in green fuels. Partnering with Singapore-based tonnage provider Eastern Pacific Shipping (E
WATCH: BP’s $6 billion project closer to first oil as topsides sail away and installation works wrap up
BP is closing in on first oil from its Azeri Central East (ACE) project in Azerbaijan by completing the topsides sailaway and installation.