Business & Finance
9 e-methane-ready dual-fuel boxships joined CMA CGM’s fleet in 2022
French container shipping major CMA CGM welcomed nine e-methane-ready dual-fuel container ships into the fleet in 2022. The ships pertain to CMA CGM’s $10.2 billion investment in a fleet of 77 LNG-powered and “e-methane ready” vessels of which 32 are already in operation. The company also has six bi
Shelf Drilling rig spins the drill bit at UK North Sea well
IOG plc has started drilling the second Blythe production well, as part of the Saturn Banks Project – Phase 1 in the UK Southern North Sea.
Namaka Subsea gets to work with Petronas
Malaysian energy company Petronas has awarded consulting company Namaka Subsea with a contract for the provision of diving contractor and competency assurance services. “We are thrilled to have been selected by Petronas for this contract,” said Namaka Subsea’s Managing Director, Lee Duncan. “This is
ADNOC and Eni ally on clean energy and sustainability
The UAE’s Abu Dhabi National Oil Company (ADNOC) and Italy’s Eni have signed a Memorandum of Understanding (MoU) which outlines a framework of cooperation for future joint projects on energy transition, sustainability, and decarbonisation. Through this agreement, Eni and ADNOC said they will explore
In focus: Tackling energy trilemma with oil & gas industry calling the shots
With the global oil and gas industry’s income skyrocketing to nearly $4 trillion in 2022, many are of the opinion that this sector holds the purse strings. Will it tighten or loosen them to invest a considerable chunk in the clean energy transition?
Everfuel and Greenstat enter lease agreement with Elkem for Hydrogen Hub Agder
Via a project company Everfuel Greenstat Production 1 AS, Danish hydrogen fuel company Everfuel and Norwegian energy company Greenstat have signed an agreement with Norwegian producer Elkem for the long-term lease of land in the Fiskaa industrial area in Kristiansand, Norway, for the construction of
Subsea link to Orkney steps closer to reality
UK energy market regulator Ofgem has provisionally approved SSEN Transmission’s plans to develop a subsea electricity transmission link to Orkney. SSEN Transmission submitted investment plans to Ofgem in March 2018 to build a new subsea transmission link to provide the additional capacity needed to
Spain-France subsea interconnector to be developed in spite of ‘sharp’ rise in prices
The Spanish regulatory authority the Comisión Nacional de los Mercados y la Competencia (CNMC) and the French counterpart the Commission de régulation de l’énergie (CRE) have reached an agreement on the distribution of financing for the electricity interconnector that will link France and Spain taki
PGS secures new 3D seismic acquisition contract in Namibia
PGS has entered into an agreement with an undisclosed client to conduct a 3D exploration acquisition contract offshore Namibia.
Ocean Oasis raises capital to advance wave energy driven-desalination tech
Norwegian company Ocean Oasis has secured funding from the existing and new investors that will be used to further develop its wave energy-driven desalination technology.
Saipem and CTCI commission Nong Fab LNG terminal in Thailand
Oilfield services provider Saipem and engineering, procurement, and construction (EPC) services provider CTCI have commissioned and started up Nong Fab LNG receiving terminal in Thailand. According to Saipem, the terminal, with a capacity of 7.5 million metric tonnes per annum, will receive LNG from
Van Oord enters partnership for uncrewed remote operations
Van Oord and Demcon unmanned systems have signed a strategic partnership agreement to collaborate in accelerating the developments in the field of uncrewed remote operations for marine purposes. The two companies have already collaborated for several years in the field of uncrewed surface vessel (US
Höegh Autoliners to purchase Höegh Berlin vessel for $34.25 million
Norwegian shipowner Höegh Autoliners has agreed with the owner of the leased vessel Höegh Berlin to terminate the bareboat charter and purchase the vessel for a price of $34.25 million. According to Höegh Autoliners, the vessel was taken over on 1 March 2023. Höegh Berlin, built by Höegh at Daewoo S
NKT and Prysmian win €3.8 billion worth of contracts for Dutch offshore wind grid connections
TenneT has selected NKT and Prysmian to install five 525 kV XLPE HVDC cable connections for grid projects which will link new Dutch offshore wind farms to the national grid. TenneT’s next-generation, 2 GW grid connections in the Netherlands are scheduled to be completed between 2028 and 2030. NKT wi