Business & Finance
CMA CGM launches €200 mln call for decarbonization projects
French container shipping major CMA CGM Group has invited start-ups and businesses working on concrete solutions to submit projects that aim to speed up the decarbonization of the French shipping industry. The company has committed a €200 million budget for the projects from its five-year $1.5 billi
Equinor advances its low-carbon hydrogen project with major FEED contract in place
Norwegian energy giant Equinor has selected units of German engineering company Linde for front-end engineering design (FEED) work and operation and maintenance of its large-scale low-carbon hydrogen plant in the UK. Equinor’s UK project, named Hydrogen to Humber Saltend (H2H Saltend), is a 600-mega
Euronav presses ahead with arbitration against Frontline
Belgian tanker shipping major Euronav has filed an application request for arbitration on the merits in relation to Frontline’s termination of the combination agreement. “This request on the merits follows the request for emergency arbitration that was announced by the company’s press release dated
Shell embarks on a performance improvement mission by merging business segments
Shell has unveiled a simplified organisational structure and executive committee and directorate changes to enhance performance.
In focus: European countries keeping pace with the hydrogen uptick
A closer look at this week’s highlights of the latest energy transition-related news gives us an insight into what the future may hold for the sector. With the world’s energy security at the top of nations’ agendas, more and more countries around the world are preparing to shift to renewable energy
License renewal in place for Serica’s North Sea gas field
UK-based oil and gas company Serica Energy has received a renewed license and secondary sanctions assurance from the U.S. Office of Foreign Assets Control (OFAC) for the Rhum field in the North Sea, in which the company has a 50 per cent interest. The license and assurance are set to allow certain U
Marine Power Systems seeks consultant for final evaluation of WaveSub
Welsh company Marine Power Systems (MPS) is looking to appoint a suitably qualified consultant to undertake a final evaluation of the full-scale WaveSub wave energy converter prototype operation.
Solstad vessel set to perform decom ops offshore Brazil
Solstad Offshore’s offshore construction vessel (OCV) Normand Cutter has arrived in Brazil to conduct decommissioning activities for Petrobras under a contract with Brazilian oil and gas services provider Ocyan.
BIO-UV books 31 pct increase in BWTS sales
French ballast water treatment systems producer BIO-UV Group has reported a 31% increase in revenues from its maritime business segment, contributing to full-year consolidated revenues of €51.5m for the 2022 financial year. The Euronext Paris listed company confirmed the sale of more than 200 BIO-SE
Wintershall Dea cleared to deploy well intervention vessel off Norway
Wintershall Dea has received consent to use one of Island Offshore’s vessels for light well intervention work on four fields offshore Norway.
Greek firm to deliver pipe for Mediterranean gas field optimization project
Chevron Mediterranean Limited has awarded Corinth Pipeworks with a contract to deliver approximately 155 kilometers of steel pipes for a gas field optimization development in the Southeastern Mediterranean. Under the contract, the Greek company will manufacture and supply approximately 155 kilometer
OMV to spud North Sea prospect with Odfjell rig
OMV has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.
Danish firm lands long-term gig on Norwegian Continental Shelf
Equinor has handed out a long-term deal to Semco Maritime for the provision of temporary staffing services for offshore nurses on the NCS.
Westwood: 2023 shaping up to be a busy year for offshore rigs with further boost in day rates
Westwood forecasts global marketed offshore rig utilisation to average 95 per cent this year with day rates getting a further boost.