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Longship CCS value chain; Source: Northern Lights

Business & Finance

Norway’s $2.8 billion full-scale carbon capture transport and storage project close to crossing the finish line

The Norwegian government has made room in its 2025 budget for a multimillion-dollar investment destined to be injected into its carbon capture and storage (CCS) project, described as a full-scale CO2 capture, transport, and storage development in line with the country’s international climate agreeme

about 2 years ago

The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to e

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Business & Finance

Norway’s deep-sea remotely operated vehicle secures funding for upgrade

The University of Bergen has been granted funding to upgrade the Ægir 6000 deep-sea remotely operated vehicle (ROV), designed for marine research, and associated infrastructure. This upgrade aims to ensure continued reliability, add new functionality, and improve operational efficiency. Since its 20

about 2 years ago

Business & Finance

Petrobras and Wood go on future-proofing mission to imbue automation, safety, and electrification optimization shots in the FPSO design arm

Brazilian state-owned energy heavyweight Petrobras has joined forces with the UK’s engineering and consulting company Wood to change and enhance the design of the traditional floating production, storage, and offloading (FPSO) vessels working for the Brazilian giant to minimize the number of persons

about 2 years ago

Europe-owned vessel brings in cable from South Korea to Senegal for two links

Business & Finance

European JV-owned vessel brings in cable from South Korea to two Senegalese links

A cable-laying vessel (CLV) owned by a joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has brought 31 kilometers of subsea cable to the project site of two links that are part of a program that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity t

about 2 years ago

Business & Finance

Bassadone’s new shipping venture to propel Peninsula’s fleet modernization with ‘ultra-spec’ methanol-ready tankers

Hercules Tanker Management (HTM), a shipping venture formed by John A. Bassadone, founder and CEO of marine fuels company Peninsula, is expanding its fleet with four new ‘ultra-spec’ tankers capable of supplying methanol and 100% biofuel, with deliveries set to begin in the second quarter of 2025. S

about 2 years ago

Business & Finance

War imposes six-month hiatus on gas production boost as US energy giant puts off ops to get expansion show underway

As the ongoing war in the Middle East spreads to encircle other territories while continuing to rage unabated, Chevron has postponed its planned work on a giant natural gas field expansion project off the coast of Israel.

about 2 years ago

Business & Finance

MSC becomes co-owner of HHLA after EU okays acquisition

The European Commission has given the green light to MSC Mediterranean Shipping Company, the world’s largest container shipping company, to officially enter into the ownership structure of Germany’s logistics company Hamburger Hafen und Logistik Aktiengesellschaft (HHLA).

about 2 years ago

Business & Finance

Strategic Marine hands over fast crew boat for maritime neighbor’s oil & gas sector

Singapore-based shipbuilder Strategic Marine has delivered a fast crew boat (FCB) to Brunei’s offshore operator Amarco.

about 2 years ago

Business & Finance

Eni signs up for decarbonization initiative challenge while fostering closer gas and LNG ties with Japan

Italy’s energy giant Eni, which has become a member of an initiative that aims to curb greenhouse gas (GHG) emissions from liquefied natural gas (LNG) to enable a net zero era, has strengthened its bonds with Japan by joining forces with the Asian country’s government agency, Japan Organization for

about 2 years ago

Business & Finance

US picks contractor for decom work on eight orphaned oil & gas pipelines in Gulf of Mexico

The Bureau of Safety and Environmental Enforcement (BSEE) has hired the Louisiana-based Chet Morrison Contractors, known as Morrison Energy, on a five-year on-site pipeline decommissioning assignment partially funded by a $4.7 billion investment for orphaned oil and gas well cleanups, called the Bip

about 2 years ago

UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LC

Business & Finance

Proteus Marine Rewables’ tidal energy system on track to slash costs, EIB confirms

UK-based tidal energy company Proteus Marine Renewables (PMR) has had its cost reduction projections validated with the European Investment Bank (EIB), confirming that the levelized cost of energy (LCoE) reduction forecasts for its AR3000 tidal energy system are achievable. The independent report,

about 2 years ago

The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside

Business & Finance

UK sets aside almost £22B for carbon capture and storage, hydrogen projects

The UK government has confirmed £21.7 billion in funding to establish two major carbon capture and storage (CCUS) clusters over the next 25 years, alongside hydrogen production facilities, in Teesside and Merseyside. According to the UK government, this move will propel the UK towards becoming a gl

about 2 years ago

Business & Finance

Sea1 Offshore scores Australian gig for 3 vessels

Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, has secured an assignment for three anchor handling tug supply (AHTS) vessels offshore Australia.

about 2 years ago

An illustration of three industrial facilities next to a body of water

Business & Finance

Eni gets gov’t funding for UK’s first foray into repurposing infrastructure to unlock CCS opportunities

Eni has secured the UK government’s funding for a carbon dioxide (CO2) transport and storage project in North-West England and North Wales, which will see the firm reuse existing pipelines and platforms to transport and store CO2 from a carbon capture and storage (CCS) industrial cluster.

about 2 years ago