Business & Finance
Carnegie and HPE extend collaboration on wave energy tech
Carnegie Clean Energy and Hewlett Packard Enterprise (HPE) have extended their collaboration agreement and will continue to work together on innovations in the wave energy sector for another two years.
Fredriksen buys 4.6 million more shares in Euronav as arbitration over failed merger looms
Famatown Finance Limited, a company controlled by shipping magnate John Fredriksen, has acquired 4,653,000 additional shares in Belgian tanker shipping company Euronav. Together with related companies, Famatown holds 45,641,478 shares in Euronav or 22.62% stake. The move has brought Fredriksen close
In focus: Energy transition caught between cooperation and fragmentation
The world’s business and political leaders gathered this week for the World Economic Forum’s annual event in Davos to discuss global challenges and the way forward. The topic of the weeklong event is ‘Cooperation in a Fragmented World’, highlighting the need to work together to overcome the perfect
Fugro plots first remotely operated autonomous offshore wind farm inspection
Netherlands-headquartered Fugro has revealed plans to carry out a remotely operated autonomous offshore wind farm inspection, said to be an industry first. Fugro will use its Blue Essence uncrewed surface vessel (USV) equipped with the Blue Volta fully electric remotely operated vehicle (ROV) to con
Germany welcomes floating LNG terminal Hoegh Gannet
Höegh LNG’s floating liquefied natural gas (LNG) terminal Hoegh Gannet has arrived at Brunsbüttel’s Elbehafen port near Hamburg, Germany to increase German liquid gas import capacity. RWE, which is responsible for filling the FSRU with LNG, together with companies Uniper and EnBW, said that in the n
Equinor all set to deploy Transocean rig at North Sea field
Equinor has received consent from Norway’s regulator to use one of Transocean’s semi-submersible rigs at a field in the North Sea.
WATCH: Shetlanders send a message in a bottle urging ‘sibling across the sea’ to stop massive oil & gas project
A group of Shetlanders have made a short film, asking Norway to stop the development of a giant oil field off the coast of Shetland.
RWE’s hydrogen project FUREC receives €108 million grant
EU Innovation Fund has granted €108 million to German RWE’s FUREC project, which aims to produce circular and green hydrogen from non-recyclable municipal solid waste in Limburg, the Netherlands. According to RWE, the EU funding marks a key milestone in advancing the project as FUREC will require an
Hellenic Cables initiates €80 million investment program
Greek cable manufacturer Hellenic Cables has launched an investment program of approximately €80 million over a two-year horizon in order to address the growing demand for electrification. The program includes a major expansion of the company’s subsea cable plant in Corinth that will double the prod
Norway’s oil & gas output goes up a notch in December
Norway recorded a slight increase in oil and gas production in December compared to the figures from November 2022.
Saipem collects $900 million in new contracts
Italian oilfield services provider Saipem has secured two contracts, one in Brazil and one in Norway, for a total amount of approximately $900 million. The first contract was secured with TotalEnergies in partnership with Aker Solutions do Brasil for the Lapa South-West development project, a deepwa
Clean Hydrogen Partnership launches €195M call for clean hydrogen technologies
Clean Hydrogen Joint Undertaking, also known as the Clean Hydrogen Partnership, has launched its 2023 call for proposals for the development of clean hydrogen technologies. The call was launched on 17 January with a total of €195 million to be made available for projects that support the creation of
Noble jack-up rig ready to embark on its new gig in North Sea
Noble Corporation’s jack-up rig has left Port Esbjerg and is now ready to start working on a CO2 storage project in the Danish North Sea.
Snam to pour €10 billion by 2026 in Italy’s gas security
Italy’s energy infrastructure operator Snam has revealed its plans to invest a total of €10 billion ($10.8 billion) by 2026 in strengthening its transport, storage and LNG business to contribute to the country’s energy security. The investment is part of Snam’s 2022-2026 Strategy Plan, which was app