Business & Finance
Shell acquires Europe’s largest biomethane producer Nature Energy
Shell Petroleum NV, a wholly-owned subsidiary of Shell plc, has completed the acquisition of 100% of the shares of a Denmark-based renewable natural gas producer (RNG, also known as biomethane) Nature Energy Biogas A/S. By purchasing the shares, Shell has acquired Nature Energy’s portfolio of operat
Cepsa, ACE Terminal team up on green hydrogen supply chain
Spanish multinational energy company Cepsa has signed a Memorandum of Understanding (MoU) with the ACE Terminal in the Port of Rotterdam, the Netherlands to create a green hydrogen supply chain. Namely, Cepsa is developing 2GW of green hydrogen at its two Energy Parks in Andalusia, southern Spain, a
UK player brings online tie-back to North Sea FPSO
Tailwind Energy has started production from a well in the UK Central North Sea, which has been tied back to the Triton FPSO.
GTT ends 2022 with solid results, growth expected in 2023
French LNG containment specialist GTT has finished the 2022 financial year with solid results, expecting market growth in the coming years. It had consolidated revenues of €307.3 million and consolidated EBITDA of €161.1 million. As pointed out in the report, it achieved a record level of orders, wi
Fugro USV gets green light for UK waters
Fugro has received approval from the UK’s Maritime and Coastguard Agency (MCA) to operate the first uncrewed surface vessel (USV) with an electrical remotely operated vehicle (eROV) in UK waters. The MCA granted Fugro’s Blue Essence category 2 approval, meaning the vessel can be operated within 60 n
DNV proceeds with offshore hydrogen pipeline joint industry project
DNV is launching the second phase of a joint industry project (JIP) aiming to develop the first guideline for the transport of hydrogen in existing and new offshore pipelines. The second phase of the H2Pipe project will see the development of a new code for the design, re-qualification, construction
Survey for Southern North Sea gas project set for April
Belgium-based geo-data specialist GEOxyz has secured a contract with the oil and gas services provider Hartshead Resources, for a geophysical survey across the Anning and Somerville fields and inter-field pipeline locations in the Southern North Sea.
Drilling vessel gets new gig in Caspian Sea
Caspian Sunrise has won a new deal for the Caspian Explorer drilling vessel, enabling it to carry out work in the Caspian Sea.
Tripartite partnership pursuing European carbon capture and storage value chain
Horisont Energi and Neptune Energy have signed a Memorandum of Understanding (MoU) with E.ON for the development of a European carbon capture and storage (CCS) value chain. With the agreement, Horisont Energi aims to strengthen the existing cooperation with E.ON, and by bringing in Errai partner Nep
In focus: Investments in oil, offshore wind hit a snag, while deals on new green vessels keep emerging
Even though it is an industry which is seeing major growth, European offshore wind saw no investments in an offshore wind farm in 2022 (except in a few small floating wind projects). Oil companies are also tip-toeing around new capital investments. Meanwhile, in the shipping sector, deals on new, gr
Prysmian begins construction of new cable-laying vessel
Prysmian has kicked off the construction of its new cable-laying vessel with a steel-cutting ceremony at VARD’s shipyard in Romania. The construction of the sister vessel to cable-layer Leonardo da Vinci began on 16 February at Vard Tulcea in Romania. “Prysmian Group had the honor of hitting the but
OEG Offshore makes multi-million investment to pursue net zero ambitions
OEG Offshore has made a multi-million investment in SEAJET Systems, the developer of a trailblazing electric subsea excavation solution that is said to reduce CO2 footprint by 40 per cent. OEG Offshore said that the commitment to SEAJET is a further development in its move into the clean-tech sector
Big oil to keep capital investment taps closed despite collecting $283 bln in 2022, says Westwood
Westwood looks into the conundrum concerning the cashflow and capex of five supermajors: BP, Shell, Chevron, ExxonMobil and TotalEnergies.
TechnipFMC to deliver subsea production systems for two Equinor fields
Norwegian state-owned energy giant Equinor has awarded TechnipFMC with contracts for the delivery of subsea production systems for two of its development projects located in the Norwegian Sea. The contracts, awarded under a framework agreement with Equinor, will see TechnipFMC supply and install sub