Business & Finance
Tidal energy scheme in Liverpool eyes consenting management services
Liverpool City Region Combined Authority (LCRCA) is looking to secure consenting management services to advance the development of the Mersey tidal range project.
Oil & gas firm secures offers in UK’s first-ever CO2 storage licensing round
UK oil and gas company EnQuest has secured the offer of carbon storage licenses as part of the UK’s first-ever round of carbon sequestration licenses issued by the North Sea Transition Authority (NSTA). The license offers are within application areas known as Northern North Sea 1 and Northern North
China’s Yangshan Port claims first place in 3rd Container Port Performance Index
Yangshan Port in China took the top position in the third edition of the global Container Port Performance Index (CPPI), despite periods of disruption caused by typhoons and various other factors in 2022. Developed by the World Bank and S&P Global Market Intelligence, the third edition of the CPPI i
Star Bulk shares details of vessel loss amid Ukraine conflict, locks in six newbuilds on long-term deals
Athens-based dry bulk shipping firm Star Bulk Carriers revealed that its vessel Star Pavlina was declared a constructive total loss due to its prolonged detainment in Ukraine. The detainment occurred in the wake of Russia’s military action against Ukraine on February 24, 2022, resulting in the vesse
In the midst of industrial unrest in UK’s oil & gas sector, CNOOC inks ‘significant recognition’ deal
The UK’s Unite the union has secured – what it deems as – a recognition deal with CNOOC Petroleum Europe Limited (CNOOC).
New task for Noble to tackle nonconformities on jack-up rig
Norwegian regulator has carried out an audit of management of materials handling and the working environment on one of Noble’s jack-up rigs.
Japanese companies set to invest billions in UK’s offshore wind, green hydrogen
Japanese giants Marubeni Corporation, Sumitomo Corporation, and Sumitomo Electric Industries have committed to investing a total of GBP 14.2 billion (approximately €16.3 billion) in offshore wind and green hydrogen projects, and the offshore wind supply chain in the UK. Ahead of the UK Prime Ministe
After Brazil, Equinor appoints TechnipFMC for work offshore Norway
TechnipFMC has secured what it describes as a “significant” contract with Equinor to provide riserless light well intervention (RLWI) services on the Norwegian Continental Shelf (NCS). Under the agreement, TechnipFMC will provide production enhancement, production data, and pre-plug-and-abandonment
EMEC secures funding for hydrogen innovation and development projects
European Marine Energy Centre (EMEC) has won funding, totalling over £500,000 (around $623,000), for four feasibility projects supporting green hydrogen innovation and development. More specifically, the funding is expected to be used to conduct feasibility studies supporting the development of nove
‘No guarantee sale will be completed’ as UK firm faces another delay in purchase of North Sea license
United Oil & Gas (UOG) has agreed to give more time to UK-headquartered oil and gas company Quattro Energy to secure funding for the purchase of a license in the UK Central North Sea that includes an existing hydrocarbon discovery. The two parties entered into a binding asset purchase agreement (APA
Subsea 7’s 2024 graduate program opens for applications
Subsea 7 has launched applications for its two-year engineering graduate program for next year which takes place in the French capital. According to Subsea 7, the Graduate Engineer Development Scheme (GEDS) involves both on and off-the-job development and exposes graduates to a variety of engineerin
MSC sets record as 1st ocean carrier to hit 5 mil TEU in fleet capacity
In a groundbreaking milestone for the global shipping industry, Mediterranean Shipping Company (MSC) has emerged as the first ocean carrier to surpass a staggering 5 million TEU (twenty-foot equivalent units) in fleet capacity, as confirmed by analysts at Alphaliner. The impressive feat highlights M
AAA Chair: AI and automated ships pose new challenges in casualty liability
Artificial Intelligence and the advent of automated ships will pose difficult questions in determining liability under the Hague Rules for maritime casualties, the 2022-2023 chairman of the Association of Average Adjusters, Sir Nigel Teare, cautions. Sir Nigel drew attention to a recent case involvi
20 carbon storage licenses offshore UK offered to 12 companies
The North Sea Transition Authority (NSTA) has offered 12 companies awards for 20 carbon storage licenses in the UK’s first-ever CO2 storage licensing round. The NSTA launched the UK’s first-ever carbon storage licensing round in June 2022, with applications closing in September. The 20 licenses in t