Business & Finance
SeaBird Exploration secures contract extension for 2D survey campaign
SeaBird Exploration, the provider of marine 2D seismic acquisition and source vessel services, has received a letter of award for an extension to the 2D campaign in the Eastern Hemisphere.
Subsea Europe Services opens new R&D center
Germany-headquartered Subsea Europe Services (SES) has opened a new research and development (R&D) center dedicated to the development of new integrated, autonomous and digital technologies. The new facility, located at the company’s premises in the Ocean Technology Campus Rostock, will focus on the
Norsepower gets financial boost from Finnish Climate Fund to scale up production
The Finnish Climate Fund, a state-owned special assignment firm, will provide a capital loan of up to €10 million euros to rotor sail manufacturer Norsepower for increasing its production capacity. The capital loan comes with a market-based interest rate determined according to the risks of the proj
With new acquisition, TAQA expands its well solutions business across multiple geographies
With this acquisition, TAQA has expanded its footprint in the Middle East, North Africa, Central Asia, and Eastern Europe.
GasLog Partners enters 2023 with time charter agreements for its LNG carriers
Gaslog Partners, an international owner and operator of liquefied natural gas (LNG) carriers, has secured time charter agreements with several companies for its vessels. In its financial report which includes a three-month period and the year ended 31 December 2022, the partnership highlighted chart
‘You’re in my spot!’ – BP and Ørsted’s UK saga continues as Hornsea Four DCO decision looms
Grant Shapps, the UK Secretary of State for Business, Energy and Industrial Strategy (BEIS), has less than a month to sign off a decision on Ørsted’s Hornsea Four offshore wind farm, which might not be an easy task as the developer and BP are still at odds over an area where their offshore wind and
RWE orders two 100MW electrolysers for GET H2 as it eyes IPCEI funding
German energy company RWE has ordered two 100-megawatt proton exchange membrane (PEM) electrolysers from Linde Engineering for its GET H2 hydrogen project. The two electrolyser plants, which will be powered by offshore wind from the North Sea, are part of RWE’s efforts to build a total of 300 MW of
WinGD, CMB.TECH to develop large ammonia-fuelled engines for Bocimar’s bulker newbuilds
Swiss marine power company WinGD and Belgian shipping and cleantech group CMB.TECH have signed an agreement on the development of ammonia-fuelled two-stroke engines. The companies aim to install the ammonia dual-fuel X72DF engine on a series of ten x 210,000 DWT bulk carriers to be built at a Chines
BP delves into global energy trends over next 30 years
BP has unveiled its new energy outlook, highlighting key trends and uncertainties surrounding the energy sector and transition to low-carbon.
Oman LNG continues supply deals spree with Turkish BOTAŞ
Oman LNG has signed a binding term-sheet agreement with Turkish BOTAŞ Petroleum Pipeline Corporation to supply 1 million metric tonnes per annum (mtpa) of LNG, starting in 2025. According to reports from the Omani state news agency, the agreement was signed on 30 January. The deal will see Oman LNG
EDP joins Cepsa for Andalusian Green Hydrogen Valley project
Global energy company EDP has partnered up with Spanish energy company Cepsa to boost the Andalusian Green Hydrogen Valley, the largest green hydrogen project in Europe promoted by Cepsa. The agreement includes studying the joint production of green hydrogen as part of the project of up to 1 GW in t
Innovate UK funds wave energy scheme offshore Indonesia
Innovate UK has selected a consortium, led by Ingine Wave Energy Systems, to receive funding support for the development of wave energy project offshore Indonesia.
Drillship takes on more drilling work at giant Black Sea gas project
Türkiye’s first drillship has begun drilling a new detection well in the Sakarya gas field project development in the Black Sea, one of the largest energy projects ever built in the country. Türkiye Petrolleri reported on 30 January that the Fatih drilling vessel had started drilling in Amasra-2. To
Maersk to integrate Hamburg Süd and Sealand brands
Danish container shipping heavyweight Maersk plans to unify its structure by integrating its brands such as Hamburg Süd and Sealand, among others. The company explained the decision saying that the aim was to bring more ‘ease, agility and resilience’ to the supply chain. Maersk plans to conduct an i