Business & Finance
All systems go for Equinor to dispatch AKOFS vessel for well intervention work off Norway
Equinor has received consent from Norway’s regulator to use one of AKOFS Offshore’s well intervention vessels on multiple fields on the NCS.
Oil & gas with LNG as centrepiece getting a $40 billion slice of Shell’s investment pie
Shell has unveiled plans to spend around $40 billion in its Integrated Gas and Upstream businesses, as it believes that oil and gas will remain important players on the energy stage.
With peak oil demand in sight, is the end of the black gold era really approaching?
The International Energy Agency (IEA) believes that growth in global oil demand is projected to slow down to a crawl by 2028.
Converter stations ordered for first subsea interconnector between France and Spain
Hitachi Energy has secured a contract with Spanish and French electricity transmission operators to supply HVDC converter stations for the first subsea electricity interconnection between France and Spain. The contract for the Biscay Gulf interconnection has been awarded by Electricity Interconnecti
Wilson pens deal for up to 14 future-proof newbuildings
European short-sea player Wilson ASA has signed a contract for the construction of six 3,800 dwt future-proof bulkers. Under the contract, Wilson has options for eight more diesel-electric cargo vessels, totaling the order to 14 vessels. India’s shipbuilder Cochin Shipbuilding confirmed that it has
SEA-LNG: LNG has half the lifetime cost of methanol and ammonia
The lifetime fuel costs of meeting key European decarbonisation targets for shipping through the LNG pathway are expected to be roughly half that of the methanol or ammonia pathways, according to the findings of a new analysis from the SEA-LNG coalition. The multi-sector coalition promotes the comme
Ports of Stockholm and Freeport of Riga to apply for joint EU funding
The Ports of Stockholm and the Freeport of Riga Authority have signed a Memorandum of Understanding (MoU) to work on a joint application for EU funding to reduce the impact of port activities on the environment. The partnership aims to enable further development of passenger terminals in the two cap
Seal of approval for Equinor to start drilling activities with Transocean rig
Equinor has received consent from Norway’s regulator to use one of Transocean’s rigs on a block located in the Norwegian Sea.
Shell on decarbonisation quest plans to dish out $10-15 billion in low-carbon energy by 2025
Shell has decided to step up its decarbonisation efforts by boosting its low-carbon energy solutions business with investments of $10-15 bln.
Project Greensand gets DNV’s safety approval
Classification society DNV has verified the safety of all aspects of Project Greensand’s CO2 storage in the North Sea. Project Greensand includes capturing CO2 at an INEOS Oxide site in Zwijndrecht, Belgium, which is transported cross-border and stored in the Nini field in the Danish North Sea. The
BASF joins forces with CSSC on onboard carbon capture tech
CSSC Power Co., a wholly-owned subsidiary of the China State Shipbuilding Corporation (CSSC), and the world’s largest chemical producer BASF have teamed up on expediting the progress of onboard carbon capture (CO2 capture) systems for commercial maritime applications. The partnership is expected to
CIP buys stake in CWP’s green hydrogen development portfolio
Copenhagen Infrastructure Partners (CIP) has made a strategic investment in CWP Global’s development portfolio of ultra-large-scale green hydrogen hubs, including projects across Africa, Australia and the Americas. CWP Global, a developer of renewable energy, currently has a green hydrogen hub portf
New subsea link in Greece goes into full operation
Greek electricity grid operator Independent Power Transmission Operator (IPTO) has put the Western Corridor, part of the Peloponnese interconnection, into full operation. The Western Corridor includes the electricity transmission line connecting Megalopoli with Patras and Western Central Greece, con
Equinor gets the all-clear signal for North Sea drilling ops
Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Odfjell Drilling’s rigs.