Business & Finance
G7 upping the green and low-carbon ante while gas is still king of energy throne
The G7 stresses the role gas, especially LNG, can play in propelling the transition to clean energy forward.
On methane reduction quest, Bumi Armada books drone-based emissions survey for North Sea FPSO
Bumi Armada has hired IKM Testing to undertake a drone-based methane emissions survey on an FPSO, which is working in the North Sea.
RWE eyes three new carbon capture and storage projects in UK
RWE is planning to progress three new carbon capture projects across the UK, which could capture 11 million tonnes of CO2 per year.
Norway’s monthly oil & gas output goes down a notch in April
Norway saw a slight rise in gas production in April 2023 compared to the NPD’s predictions and the volume seen last year.
PGS goes to Barents Sea with 104-meter-long seismic vessel
Norwegian seismic company PGS has secured a contract with an “independent energy company” to conduct a 3D survey in the Barents Sea. The project, which is about to start, will have a duration of approximately 40 days and will be carried out by the 104-meter-long Titan-class seismic vessel Ramform Hy
Dutch govt earmarks €180 million to advance shore power in seaports
The Dutch Ministry of Infrastructure and Water Management intends to allocate a sum of €140 million towards supporting the implementation of shore power installations within seaports. Additionally, an extra €40 million will be contributed from the climate fund, the ministry said. Shore power, also k
BIMCO: 15,000 vessels set to be recycled by 2032
Over the next ten years, from 2023 to 2032, more than 15,000 ships with deadweight capacity of more than 600 million tonnes are expected to be recycled, more than twice the amount recycled in the previous ten years, BIMCO estimates. As recycling volumes increase, it is increasingly important that th
Another crack at lawsuit against Shell board on the cards over ‘failing to move away from fossil fuels fast enough’
After the lawsuit against Shell’s board of directors was thrown out of court recently, ClientEarth hopes to turn things around at a hearing.
Four firms win EPCI subsea contract for giant Black Sea gas project
Turkish Petroleum has awarded a contract for subsurface solutions for the second phase of what is said to be one of Türkiye’s largest energy projects ever built to four companies. Subsea 7 confirmed the award of the “major” contract by Turkish Petroleum for the second phase of the Sakarya field deve
Gasum terminates natural gas supply contract with Gazprom Export while long-term LNG deal remains in place
Nordic energy company Gasum has terminated the long-term natural gas supply contract with Russia’s Gazprom Export while the long-term LNG supply contract between the two companies remains in place. On 22 May 2023, Gasum announced its decision to terminate the natural gas supply contract following Ga
OSM Maritime and Thome merger cleared, paving way for creation of ship management powerhouse
Competition authorities have approved the merger of ship management companies OSM Maritime Group and Thome Group. The merged company, OSM Thome, will be a powerhouse in the international ship management market, represented in 22 countries and headquartered in Arendal, Norway. “This is a big day for
More work for Expro with Harbour Energy
UK-headquartered energy services provider Expro has secured a new contract with Harbour Energy for a well abandonment campaign as part of a decommissioning project on the UK Continental Shelf. The multi-year contract, valued at more than $20 million, will see Expro use its Subsea Well Access technol
Marine license in place for Scottish subsea electricity superhighway
SSEN Transmission has secured a marine license for its proposed new subsea electricity superhighway along the east coast of Scotland. The Eastern Green Link 2 project, delivered in partnership with National Grid Electricity Transmission (NGET), will see the creation of a subsea transmission cable fr
UK opens its first national robotics center for offshore renewables
The UK’s first-of-its-kind national robotics center for offshore renewable energy has been opened at Offshore Renewable Energy (ORE) Catapult’s testing facility in Blyth. The Digital, Autonomous and Robotics Engineering (DARE) Centre will provide an opportunity for developers, researchers and the wi