Business & Finance
Greek cables ordered for Croatian subsea cable replacement project
Greece’s Hellenic Cables has signed a contract with Croatian contractor Končar Group for the supply of high-voltage submarine cables, accessories and related services for a project to replace outdated cable lines in the Adriatic Sea. For the project by the Croatian transmission system operator HOPS,
Comerc, Casa dos Ventos team up with Transhydrogen Alliance for ammonia
Brazilian energy companies Comerc Eficiência and Casa dos Ventos have signed a Memorandum of Understanding (MoU), that includes ammonia, with the TransHydrogen Alliance (THA), a consortium formed by Proton Ventures, GES, Trammo DMCC, and Varo Energy, whose objective is to create new supply chains fo
Reach Subsea books Olympic Subsea vessel for decommissioning gig
Norway’s Reach Subsea has secured a contract and vessel capacity to deliver a decommissioning scope in the North Sea for an undisclosed client. The contract represents about 40 project days for execution in the first quarter of the year and will see the utilization of the vessel Olympic Delta. Reach
Skuld pens Poseidon Principles for Marine Insurance
Marine insurance provider Skuld has signed the Poseidon Principles for Marine Insurance, a global framework for assessing and disclosing the climate alignment of insurers’ hull and machinery portfolios. The framework is aimed at enabling the insurance sector to implement transparency and establish a
Fresh oil discovery in Barents Sea
Norwegian oil and gas player Vår Energi has made a new oil discovery in the Barents Sea off Norway, using a Transocean-owned rig.
New oil & gas discovery in North Sea with tie-back on the horizon
Norwegian state-owned energy giant Equinor has made a new commercial oil and gas discovery in the North Sea off Norway, using a Transocean-owned rig.
UK’s Ofgem grants licenses for electricity links to three EU countries
UK energy market regulator Ofgem has granted electricity interconnector licenses for three energy links that will connect the UK with three countries in the European Union.
2022: a banner year for TotalEnergies’profit with LNG as a trump card for further growth
After boosting its annual profits in 2022, TotalEnergies plans to strengthen its position in Europe by pursuing further LNG growth.
Masdar and Verbund ally on hydrogen production
Abu Dhabi-based clean energy company Masdar and Austria’s energy utility company Verbund have signed a Memorandum of Understanding (MoU) to explore the production of green hydrogen for the Central Europe market. As per the agreement, the two companies will cooperate on developing pathways to produce
TechnipFMC’s DSV begins well tie-in ops in North Sea
TechnipFMC’s diving support vessel (DSV) Deep Discoverer has mobilized to the Triton area in the North Sea and begun operations to tie in a Tailwind Energy well, according to UK-based oil and gas company Serica Energy. The Gannet GE-04 well was drilled late in 2022 and completed in January, with fir
Maersk reports extraordinary 2022 results, assigns up to $11bn CAPEX for integration and decarbonization
Container shipping heavyweight A.P. Moller – Maersk has reported exceptional financial results for the year 2022. Despite the abnormal market conditions caused by the COVID-19 pandemic, the company managed to deliver solid performance across all its businesses, resulting in the best financial result
Shell’s UK prospect seen as one of North Sea’s ‘largest natural gas discoveries’ in over a decade
Shell has completed flow test results for the Pensacola well in the North Sea, which is said to have opened a new Zechstein play in this mature basin.
‘Performing while transforming’ pays off for BP as it joins other oil majors in profit bonanza
After BP more than doubled its annual profit in 2022 on the back of high oil and gas prices, the oil major is now caught in environmentalists’ crosshairs.
Uniper to negotiate green ammonia offtake from India’s Kakinada
German-based energy company Uniper and Greenko ZeroC Private Limited, a subsidiary of India’s Greenko Group, have signed a Memorandum of Understanding (MoU) and Heads of Terms for Uniper to enter into exclusive negotiations for the offtake of green ammonia from Phase 1 of Greenko ZeroC’s ammonia pro