Business & Finance
With current Black Sea drilling campaign drawing to a close, next one slated for mid-2024
Trillion Energy is nearing the end of the first phase of its multi-well drilling campaign on a natural gas field in the Black Sea off Türkiye.
A flurry of orders continues into summer with tankers leading the charge
The global shipbuilding industry is experiencing an impressive surge in demand for new tonnage, with a flurry of newbuilding orders and options being placed over the past week by prominent shipping companies worldwide. Data from shipbrokers shows a remarkable total of 31 firm newbuilding orders, acc
Irish hydrokinetic developer appoints new technology chief
GKinetic Energy has appointed Gary Brennan as chief technology officer (CTO) in an effort to further strengthen its technological capabilities and drive innovative applications of its hydrokinetic technology in the renewable energy sector.
Greece: Upgraded Ionian Islands interconnector begins operation
Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) has put into operation the upgraded Zakynthos-Kyllini interconnection, said to secure the energy supply of the Ionian Islands. The new 150 kV high-voltage submarine cable system replaced the existing interconnect
Norden buys into Danish-Indian biofuel scale-up to strengthen future supply
Danish shipping company Norden has acquired a minority stake in MASH Makes, a Danish-Indian biofuel scale-up which researches, develops and produces renewable fuels from biomass waste. Norden sees the investment as a strategic partnership that will help secure access to renewable fuels, specifically
New North Sea gig for Shelf Drilling jack-up rig
Shelf Drilling has been awarded a new contract for one of its jack-up rigs by CNOOC Petroleum Europe Limited for operations on the UKCS.
Procopiou’s Sea Traders inks massive bulker deal with CSSC Huangpu Wenchong
Sea Traders, owned by major Greek shipping magnate George Procopiou, has returned to China for additional bulkers. This time around the company signed an order with CSSC Huangpu Wenchong Shipbuilding Co., a subsidiary of the China State Shipbuilding Corporation (CSSC), for the construction of eight
With Shell and Wood going steady for 70 years, new deal for energy projects extends their relationship
Wood has been awarded a multi-year enterprise framework agreement (EFA) to continue to provide services to Shell’s global projects.
Are Britain’s green and low-carbon ambitions hanging by a thread?
A deep dive into the recent developments in the UK and the way the energy industry feels about their potential impact on net-zero aspirations.
Ocean Yield invests in four methanol-ready LR1 product tankers
Norwegian ship owning company Ocean Yield revealed it will purchase four LR1 product tankers, to be constructed at Guangzhou Shipyard International (GSI) in China. The design of the vessels will enable the ships to be converted to dual-fuel operation with methanol as fuel. The tankers are scheduled
SSEN Transmission to hold information events for Orkney subsea link
SSEN Transmission is set to hold two information events in August about the planned subsea electricity transmission link between Orkney and Caithness, which is said to play a crucial role in further unlocking Orkney’s vast renewable energy potential. The Orkney transmission link will enable the conn
Another delay hinders sale of North Sea discovery
United Oil & Gas is engaged in talks with Quattro Energy regarding a potential further extension for the sale of its license in the North Sea.
Deltamarin bags multiple design deals for PCTCs with alternative fuels amid shifting tides in car carrier industry
Deltamarin, a Finland-based marine engineering company, has won several Pure Car and Truck Carrier (PCTC) ship design contracts in recent months featuring alternative fuels. Notably, China’s largest electric car manufacturer, BYD Auto, has commissioned four 9,200 CEU PCTCs from China Merchants Indus
BP’s profit takes a hard hit while oil & gas keep flowing and energy transition gathers speed
BP has revealed solid results for the second quarter of 2023, however, this represents a 70 per cent decrease on a year-over-year basis.