Business & Finance
On a mission to curb rig emissions, Diamond Offshore joins forces with Norwegian firm
In a bid to reduce its carbon footprint and improve energy efficiency, Diamond Offshore, has teamed up with Norway’s Stepwise.
Costa Group, Proman to drive adoption of methanol as a marine fuel for the cruise industry
Carnival Corporation’s Costa Group and Proman, a top methanol producer, have signed a Memorandum of Understanding (MoU) to advance the use of methanol as a marine fuel for the cruise industry. The partnership aims to accelerate the energy transition and decarbonization of the existing fleet by impro
New company for offshore services comes to market
France-headquartered Bourbon and Canada’s Horizon Maritime have established a new company with a base fleet of seven vessels dedicated to providing marine services and operations with a focus on the North Sea and Canadian offshore markets. Incorporated in Norway, Bourbon Horizon is strategically pos
Two shallow gas pilot holes on Aker BP’s drilling agenda in Norwegian Sea
Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the Norwegian Sea.
FuelCell Energy and MHB to develop large-scale electrolyzer facilities
US-based FuelCell Energy and Malaysia Marine and Heavy Engineering (MMHE), a wholly-owned subsidiary of Malaysia Marine and Heavy Engineering Holdings Berhad (MHB), have signed a Memorandum of Understanding (MoU) to collaborate on the development of large-scale electrolyzer facilities in Asia, New Z
Equinor’s 20-year-old Norwegian Sea field gets lifetime extension
The Norwegian Petroleum Directorate (NPD) has granted Equinor consent for the extended use of the subsea facility on the Mikkel field in the Norwegian Sea for another five years. Mikkel lies on the Halten Bank, 35 kilometers south of the Midgard deposit in the Åsgard license. It produces through the
Asso.subsea connects Greek island-based wind farm to mainland (Gallery)
Asso.subsea has completed the installation of the 150 kV submarine cable system which will connect a 330 MW onshore wind farm on the Greek island Evia to the country’s mainland grid. The company announced on 16 February the completion of the submarine export cable installation and protection for the
Aker BP getting ready to spud North Sea prospect with Saipem rig
Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.
Lhyfe obtains permit for second hydrogen production site in Brittany, France
French hydrogen producer Lhyfe has acquired the construction permit for its second green and renewable hydrogen production site in the Morbihan region of Brittany, France, and is about to begin preparatory construction work. Lhyfe will produce green and renewable, or in other words totally carbon-fr
EU project FLORES kicks off to boost skills in offshore renewables sector
EU-backed Forward Looking at the Offshore Renewables (FLORES) project has been officially launched to develop tools and activities to foster the development of skills in the offshore renewable energy sector.
Despite traces of hydrocarbons, Equinor comes up dry in North Sea well
Norwegian state-owned energy giant Equinor has completed the drilling of an appraisal well in the North Sea but failed to find hydrocarbons.
Ørsted selects carbon capture solutions provider for FlagshipONE
Carbon Clean has secured a contract to supply the carbon capture equipment for Ørsted’s FlagshipONE project in Sweden, also known as Europe’s largest green methanol project. Under the contract, Carbon Clean will deliver carbon capture equipment capable of capturing 70,000 tonnes per year of CO2 from
Capricorn – NewMed merger plans come to naught
UK-based Capricorn Energy has dropped the previously announced merger agreement with Israel’s NewMed Energy, following board changes.
Rystad: As decarbonisation kicks into high gear, peak in fossil fuel emissions anticipated by 2025
Rystad Energy, an energy intelligence group, predicts that fossil fuel emissions will peak within two years prior to fitting into the pattern of steady decline.