Business & Finance
Flagship Founders and Signal team up on maritime start-ups
Greece’s Signal Group has joined forces with German venture studio Flagship Founders to jointly develop new technology start-ups.
SLB and Eni in alliance for pipeline integrity monitoring and analysis
SLB and Eni, through its subsidiary Enivibes, have established an alliance for the deployment of a vibroacoustic wave detection system said to be capable of providing real-time analysis, monitoring and leak detection for pipelines around the world. The alliance covers the deployment of e-vpms (Eni V
Gallery: Allseas’ giant vessel removes two Morecambe Bay jackets in less than two days
Allseas has completed the two jackets removal campaign for Spirit Energy’s Morecambe Bay development in the East Irish Sea, using its heavy lift vessel Pioneering Spirit.
There is NO time for antagonism among marine fuel proponents
As the world witnesses the devastating impact of climate change through catastrophic events like wildfires engulfing the Greek island of Rhodes and northern Algeria, and the occurrence of giant supercells in Italy, the need for urgent and sustainable solutions within the energy industry, the maritim
Are net-zero aspirations in jeopardy with oil & gas boom at full tilt?
The global oil and gas industry has embarked on a growth upcycle, raising concerns that this is putting net-zero 2050 commitments at risk.
With $2.8 billion in revenue so far, Subsea 7 expects to meet full-year 2023 expectations
Subsea 7’s revenue for the first half of 2023 was $2.8 billion, a $323 million or 13 per cent increase compared to the first half of 2022, said to be due to significantly increased activity in the Subsea and Conventional business unit partly offset by lower revenue in the Renewables business unit. F
Power sales from MeyGen bring in €4.5M to SIMEC Atlantis as co-location with storage emerges as option
The power sales from the MeyGen tidal energy project have reached €4.5 million in 2022, according to the developer of the project SIMEC Atlantis Energy, which also unveiled plans for potential combination of the tidal power scheme with its battery energy storage systems (BESS) business.
Hitachi Energy gets preferred supplier status for UK’s longest HVDC link
SSEN Transmission and the UK National Grid have selected Hitachi Energy as the preferred technology provider for two HVDC converter stations to interconnect the Scottish and English power grids. The news comes a few days after the Switzerland-based company was selected to deliver the HVDC converter
Large-scale CO2 capture project added to Saipem’s workload in Europe
Saipem has inked a letter of intent for work on a large-scale CO2 capture project with Stockholm Exergi
Nexans’ new third-generation cable layer will be able to lay four cables at once
Nexans is investing in a new third-generation cable-laying vessel in order to, as the company says, support a record project backlog and meet future needs of offshore wind and interconnector projects. According to Nexans, building upon the cutting-edge technology featured on the flagship vessel Nexa
Lower oil & gas prices take a bite out of Norwegian energy giant’s profit
Equinor’s profit was cut in more than half from record-high figures seen last year due to significantly lower energy prices.
Court fight on UK govt’s hands over oil & gas licensing round
Greenpeace has decided to take the UK government to court over – what it deems to be – an “unlawful” oil and gas decision.
Fincantieri, RINA team up with newcleo to test feasibility of nuclear naval propulsion
newcleo, a London-based nuclear technology company developing Generation IV reactors using nuclear waste as fuel, has signed a cooperation agreement with Italian shipbuilding major Fincantieri and RINA classification society. The trio has agreed to carry out a feasibility study for nuclear applicati
300 jobs to be created as Irish company opens new USV facility
Ireland-based XOCEAN has opened a new technical center that will serve as a hub for the company’s fleet of uncrewed surface vessels (USVs). XOCEAN announced on 20 July the opening of the new facility near Carlingford, Co. Louth, as well as the creation of 300 new jobs as part of its strategic growth