Business & Finance
Natural gas and hydrogen storage ‘fundamental’ to tackling energy crisis and decarbonisation
Ramping up storage of natural gas and hydrogen is seen as a solution to both the energy crisis and energy transition.
Sakhalin Energy exceeds its 2022 targets
Russian LNG producer Sakhalin Energy has surpassed its 2022 targets, producing about 11.5 million tonnes of LNG and 3.7 million tonnes of Sakhalin blend oil. According to the company, all products were delivered to the buyers on time in full compliance with the SPA terms. The major LNG markets inclu
Landmark report shows marine insurers’ portfolios not measuring up to IMO, Paris targets
A group of eight marine insurers has released the first Annual Disclosure Report for Poseidon Principles for Marine Insurance, disclosing the climate alignment of their hull and machinery portfolios. The report surveys the portfolios of the framework’s signatories in what has been described as a ‘la
UK High Court quashes decision to reject £1.35 bn, 2GW interconnector
The UK High Court has quashed the decision brought at the beginning of 2022 to reject a £1.35 billion, 2 GW electricity interconnector between the UK and France. Kwasi Kwarteng, at that time Secretary of State for Business (BEIS), in January 2022 refused consent for the AQUIND interconnector despite
MPC Container Ships to buy sustainable marine diesel from INERATEC
Norwegian container tonnage provider MPC Container Ships has signed an offtake agreement with German e-fuels supplier INERATEC for synthetic marine diesel oil (MDO) made from biogenic CO2 and renewable hydrogen. According to MPC Container Ships, this is the industry’s first agreement for the supply
UK-headquartered NDT inspections specialist eyes new markets
UK-headquartered NDT inspections specialist TSC Subsea has revealed plans to expand to new markets in the Middle East, Africa and South East Asia. The strategic growth plans are said to follow on from one of TSC Subsea’s most successful years to date in which the company established new bases in Bra
Equinor to tackle nonconformity on Norwegian Sea platform
Regulator has conducted an audit of Equinor’s follow-up on the maintenance of concrete structures and tension legs on a platform off Norway.
Tender seeks survey services for France-UK electricity links
French transmission system operator (TSO) Réseau de Transport d’Electricité (RTE) has issued a tender seeking a provider of a survey campaign for two interconnector projects. As part of the awarded framework contract, the selected party will be in charge of carrying out maintenance survey work along
New task lined up for KCA Deutag to address nonconformities on rig
Norwegian regulator has carried out an audit of KCA Deutag and its management of the working environment on a rig working for Equinor.
Strohm plans recruitment drive as it completes plant expansion
Netherlands-based thermoplastic composite pipe (TCP) producer Strohm has completed its plant expansion, tripling the capacity for production to 140 kilometers of normalized pipe per annum. The expansion is said to be the biggest capital investment Strohm has undertaken since originally setting up th
Atura Power awards Howden with hydrogen compressor contract
Scotland-based Howden, a provider of mission-critical air and gas handling products, technologies, and services, has signed a contract to provide five hydrogen diaphragm compressors for Atura Power’s, a subsidiary of Ontario Power Generation, Niagara Hydrogen Centre in Ontario, Canada. The facility,
Growing demand and higher rates fuel the flames of Borr Drilling’s hopes for further financial boost
Borr Drilling has disclosed its updated 2022 and 2023 financial guidance, showing a significant improvement in both cases.
2010-built multi-purpose support vessel receives contract extension
Norway’s Simon Møkster Shipping has secured a contract extension for its multi-purpose support vessel (MPSV) with an existing client. The offshore vessel owner reported that a sixth-month option had been declared for the Stril Explorer with an existing client, following a contract period of more tha
Rovco grows its fleet to service offshore wind projects
Rovco, a UK provider of subsea robotics and integrated survey, has signed an initial three-year charter party agreement with Glomar Offshore for the multi-purpose support vessel Glomar Supporter, as part of its growth strategy within its site characterization business unit.