Business & Finance
Floating wind, green hydrogen bring Green Freeport status to two Scottish ports
The Scottish and UK governments have awarded the Green Freeport status to Inverness and Cromarty Firth Green Freeport and Forth Green Freeport in Scotland. The ports, Scotland’s first Green Freeports, will receive up to GBP 52 million in start-up funding and will benefit from tax reliefs and other i
BP picks UK firm for global well engineering services
BP has handed out a long-term deal for well engineering services across its global operations to THREE60 Energy.
Saipem rig spins the drill bit at North Sea prospect
Aker BP has started drilling an exploration well in the North Sea off Norway, using one of Saipem’s semi-submersible rigs.
AUV gauges electrical potential of subsea pipelines offshore Japan
Japan’s Kawasaki Heavy Industries and French energy major TotalEnergies have completed a joint offshore verification test measuring the electrical potential of subsea pipelines during close-range inspections using an autonomous underwater vehicle (AUV). The test was performed using what is said to b
Maersk Growth invests in green methanol
Maersk Growth, a venture arm of industry major A. P. Moller – Maersk, has revealed an investment in Berlin-based startup C1 Green Chemicals AG which specializes in the production of green methanol. The company has developed innovative technology enabling the mass production of green methanol without
Deutsche Ostsee LNG import terminal in Lubmin to start up
Deutsche ReGas operated Ostsee LNG import terminal, for which French energy major TotalEnergies is contributing a floating storage and regasification unit (FSRU) and LNG supply, will see its official inauguration tomorrow. Stéphane Michel, President of Gas, Renewables & Power at TotalEnergies, said:
Helix Robotics charters Glomar vessel for three years
Helix Robotics Solutions has entered into a three-year charter agreement for the DP2 offshore support vessel Glomar Wave for work in the renewables and oil and gas sectors. The 66.4-meter multi-role vessel can be configured with one or two remotely operated vehicles (ROVs) and Helix’s new custom-bui
EU approves €1.1 billion Danish scheme for carbon capture and storage
The European Commission has given its approval for a €1.1 billion scheme to support the roll-out of carbon capture and storage (CCS) technologies in Denmark. The aid will be awarded through a competitive tendering procedure open to companies active in any industrial sector, including the waste and e
Vision Energy adds new subsidiaries for its project in the Netherlands
Vision Energy has incorporated new Dutch subsidiaries to accommodate strategic initiatives for prospective partners, operators, and launching customers for its integrated Green Energy Hub development in the North Sea Port of Vlissingen, the Netherlands. It incorporated Vision Hydrogen BV as a projec
South America to stay ‘key region for high-impact exploration’, Westwood says in 2023 outlook
High-impact well numbers in 2023 are expected to be in line with 2020-2022, with 75-85 high-impact wells currently anticipated to complete this year, energy market research and consultancy firm Westwood reports, explaining that this is due to higher oil prices not having fed through into more explor
One third of TotalEnergies’ investments now in renewable energy and clean fuels
TotalEnergies is investing massively in renewable energy and clean and sustainable fuels, with one third of its investments now being made in these sectors as the company, most of whose currently operational projects are still in the oil & gas sector, moves towards a goal of having 50 per cent of it
2014-built multi-purpose support vessel getting battery hybrid system
DeepOcean has activated the option to request the installation of a battery hybrid system on board the multi-purpose support vessel (MPSV) Stril Server. DeepOcean is chartering the MPSV from Stavanger-based shipowner Simon Møkster Shipping, who will upgrade the vessel to include battery power notati
New assignment for Equinor to tackle nonconformities at North Sea project
Norway’s regulator is awaiting a response from Equinor regarding the way the identified nonconformities will be sorted out.
Shell unveils five energy sector trends to watch in 2023
Shell lists five trends in its energy outlook for 2023 observed through the prism of energy security, economics and transition to low-carbon.