Business & Finance
LNG is cheaper than VLSFO, Sea Intelligence says
Liquefied natural gas (LNG) has become cheaper maritime fuel than Very Low Sulphur Fuel Oil (VLSFO), according to the most recent analysis made by Danish consultancy Sea-Intelligence. To comply with the IMO2020 regulations aimed at cutting sulphur emissions, the shipowners were given a choice betwee
Europe redraws black gold map by switching out Russian oil with barrels from other top producers
With the demand for black gold still going strong, Europe has replaced Russian oil barrel for barrel by importing more from other producers.
Canadian university acquires electric observation-class ROV
Houston-headquartered Forum Energy Technologies (FET) has delivered an electric observation-class remotely operated vehicle (ROV) to Canadian Memorial University of Newfoundland which can be used for renewable energy projects, among other things. Delivered to the Fisheries and Marine Institute, the
Work starts on first-ever UK-Germany energy link
Construction has begun on the €2.8 billion NeuConnect project, the first-ever energy link between the UK and Germany. Since the financial close that was completed in July 2022, a range of site surveys and archaeological activities have been carried out, allowing construction work to now begin in the
IEA: Ensuring gas supply security and decarbonisation high on global energy market’s agenda
A new report says closer dialogue between producers and consumers is required to ensure security of gas supply while curbing emissions.
Nexans wins €1.43 billion contract for EuroAsia Interconnector
Nexans has secured the turnkey contract valued at €1.43 billion for the Cyprus – Greece section of the EuroAsia Interconnector that will connect the grids of Greece, Israel and Cyprus. The 525kV HVDC cable will have a bi-pole length of 2×900 kilometers and will run across the Mediterranean Sea floor
Norway sheds light on recent gas discovery in North Sea
More information about a recent gas and condensate discovery in the Norwegian sector of the North Sea has come to light.
Valaris jack-up rig kicks off its North Sea gig
One of the jack-up rigs owned by Valaris has started its drilling assignment with Petrofac in the UK sector of the North Sea.
Subsea link to Orkney gets approval, unlocking ‘world’s greatest resources of renewable electricity’
UK energy regulator Ofgem has given its final approval of need for SSEN Transmission’s plans to provide a subsea electricity transmission link to Orkney. The Orkney transmission link will enable the connection of up to 220 MW of new renewable electricity and will consist of a new substation at Fins
UK and Denmark electrically connected as Prysmian installs Viking Link subsea cable
The last section of the submarine cable for the Viking Link has been installed in the North Sea, making the UK and Denmark now fully electrically connected. This last section, laid and assembled on the seabed on 13 July, was installed 172 kilometers off the Danish coast in German and Dutch waters an
Black Sea: gift that keeps on giving as sixth well in ongoing drilling campaign hits gas pay
Trillion Energy has discovered “abundant gas pay” in the sixth well in its multi-well drilling campaign on a natural gas field in the Black Sea off Türkiye.
Geotechnical survey done at UK North Sea gas project
Hartshead Resources NL (HHR) and its joint venture partner RockRose have completed the geotechnical survey for gas field developments located in the Southern North Sea. Geoquip Marine Operations performed the geotechnical survey across the platform and pipeline locations at the Anning and Somerville
World’s largest containership MSC Michel Cappellini named in Bremerhaven
The world’s largest containership, MSC Michel Cappellini, was named in Bremerhaven today, MSC Mediterranean Shipping Company said. Measuring an impressive 400 meters in length and boasting a capacity to carry up to 24,346 containers, the MSC Michel Cappellini is the crown jewel of the brand-new Cele
Höegh Autoliners orders four more ammonia-ready Aurora class vessels
Norwegian RoRo shipping company Höegh Autoliners has exercised the option to build an additional four new multi-fuel and net zero carbon ready Aurora class vessels. The shipping company will have the option to convert one or more of these vessels to ammonia propulsion as soon as the technology is av