Business & Finance
Maersk ups the ante with order for six more methanol-powered containerships
Danish container shipping heavyweight A.P. Moller – Maersk (Maersk) has placed an order for six mid-sized container vessels with Yangzijiang Shipbuilding Group. The company said that the six 9,000 TEU vessels will all have dual-fuel engines able to operate on green methanol and fuel oil. The ships a
A win for coexistence in North Sea | BP and Ørsted reach agreement on offshore wind-CCS project overlap area
Ørsted and BP have reached an agreement on the previously disputed overlap area between the Hornsea Four offshore wind farm and the Endurance carbon storage site, developed by the Northern Endurance Partnership (NEP) that gathers BP, Equinor and TotalEnergies. Quick overview: Ørsted submitted an app
Yara to invest in blue ammonia capacity in U.S.
As part of its journey to decarbonize agriculture and serve clean ammonia segments, Norwegian fertilizer company Yara has announced it will boost its clean ammonia operations by investing in blue ammonia capacity in the U.S. Yara noted its ambition is to be the leading distributor across green, blue
DeepOcean tucks ‘significant milestone’ under its belt with production boost at North Sea field
DeepOcean has carried out inspection, repair and maintenance (IRM) of a field in the Danish sector of the North Sea.
UK firm hits pause on North Sea drilling ops amidst buffeting winds of gas market volatility
IOG has decided to put on hold the previously planned drilling activities in the North Sea, which were expected to be undertaken with Shelf Drilling’s rig.
Grimaldi launches ‘green giants’ on the Venice-Bari-Patras line
Starting today the freight transport between Italy and Greece, the regular ro-ro line operated by the Grimaldi Group between Venice, Bari and Patras, will be served by two of the company’s “green giants”, the hybrid vessels Eco Catania and Eco Malta. The Neapolitan shipping group, in synergy with th
AURELIA’s green retrofit package gets RINA’s nod
A green retrofit package solution designed by Dutch ship design company AURELIA in partnership with Econowind, Wattlab and Vertom has secured an Approval in Principle (AiP) from the Italian classification society RINA. The solution incorporates rigid sails, solar panels, batteries, optimized weather
KCC seals deal for 3 wind-assisted CABU III ships
Norway-based shipowner Klaveness Combination Carriers ASA (KCC) has concluded the shipbuilding contract for the construction of three third-generation CABU vessels with Jiangsu New Yangzi Shipbuilding Co. Ltd. and Jiangsu Yangzi Xinfu Shipbuilding Co. The contract is in line with the Letter of Inten
Prysmian’s new cable-laying vessel named after famous painting
Italy’s cabling giant Prysmian has selected the name for its new cable-laying vessel (CLV), said to reflect a strong connection with its sister vessel Leonardo da Vinci. The new 171-meter-long CLV, currently being built by Vard in Romania, will be named Monna Lisa. The name was chosen through an int
Eni and Vår Energi paying $4.9 billion for Neptune’s entire oil & gas portfolio, bar German business
Eni and Vår Energi will acquire Neptune’s entire portfolio, aside from its business in Germany, for an aggregate enterprise value of $4.9 billion.
Well perforation unleashes more Black Sea gas
Trillion Energy has wrapped up recompletion work at the third well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea
On fleet expansion quest, Dolphin Drilling snaps up two Transocean rigs
Dolphin Drilling is in the process of buying two rigs from Transocean for a total of $61.5 million, plus an additional $3 million.
Venture Global and SEFE ink 20-year LNG supply deal
US-based Venture Global LNG and Germany’s Securing Energy for Europe (SEFE) have entered a long-term sales and purchase agreement (SPA) under which SEFE’s subsidiary WINGAS will purchase 2.25 million tonnes per annum (mtpa) of liquefied natural gas (LNG) from CP2 LNG, Venture Global’s third project,
Revamping overlooked emissions contributor to imbue energy transition with greener vigour
There are some components in the energy industry, which are being largely overlooked during the transition to low-carbon and green sources.