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Business & Finance

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Illustration; Source: Shell
Business & Finance

Shell places multi-million wager on hydrogen’s ability to decarbonize drillship and tanker ops

Shell has made a multi-million bet on a project testing hydrogen in diesel engines on marine vessels, such as drilling rigs and tankers, to curb greenhouse gas (GHG) emissions.

about 2 years ago
Sleipner field in the North Sea; Credit: Øyvind Gravås and Bo B. Randulff/Equinor
Business & Finance

Electrification of North Sea field lends a helping hand to Poland’s energy giant in slashing emissions

Poland’s Orlen has welcomed the recent partial electrification of an Equinor-operated gas field in the Norwegian sector of the North Sea.

about 2 years ago
Illustration/ SIMEC Atlantis’ AR1500 tidal turbine for MeyGen project off Scotland (Courtesy of SIMEC Atlantis)
Business & Finance

ORE Catapult’s survey reveals strong interest in advancing wave and tidal energy in Scotland

Offshore Renewable Energy (ORE) Catapult has carried out an in-depth survey, on behalf of Crown Estate Scotland in 2023, gathering insights and ideas from individuals working to develop and commercialize the upcoming wave and tidal technologies and projects.

about 2 years ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies gives more work to UK firm for its North Sea oil & gas assets

TotalEnergies has decided to prolong a contract with PBS for integrated services delivery to its North Sea portfolio.

about 2 years ago
Illustration; Source: Abu Dhabi National Oil Company (ADNOC)
Business & Finance

ADNOC joins hands with compatriot tech company to step up energy-focused AI game

UAE’s Presight is set to acquire a majority stake in AIQ to lend a helping hand in bringing forth AI-powered solutions to the energy sector.

about 2 years ago
FPSO Johan Castberg quayside at Aker Solutions; Source: Equinor
Business & Finance

Thumbs-up for Equinor and Vår Energi to fortify emergency preparedness in Barents Sea

Equinor and Vår Energi have received consent from the country’s offshore safety regulator for contingency planning in the Barents Sea.

about 2 years ago
A photo of a lagoon, provided by Marine Energy Wales
Business & Finance

Intertek to deliver hydrodynamic modeling for Tidal Lagoon Challenge

As a part of the Welsh Government’s Tidal Lagoon Challenge, London-based Intertek has won a research project to deliver hydrodynamic modeling expertise.

about 2 years ago
Statfjord B; Credit: Harald Pettersen/Equinor
Business & Finance

North Sea platform incident: Serious regulation breaches come to light following worker injury and gas leak

Equinor has been served with a notice of order by Norway’s offshore safety regulator after a probe into an incident.

about 2 years ago
UK firm takes its work-class ROV to Mexico
Business & Finance

UK firm takes its work-class ROV to Mexico

UK’s Forum Energy Technologies (FET) has secured a contract with a Mexican subsea company for the delivery of one of its work-class remotely operated vehicles (ROV). FET reported that its Subsea Technologies product line had won a contract from AQUA Exploracion for one of its Ultra Compact Perry XLX

about 2 years ago
SolarDuck - OFPV power plant.
Business & Finance

SolarDuck and partners install Japan’s first offshore floating solar

Duch-Norwegian firm Solar Duck and Tokyo’s Tokyu Land Corporation, together with Kyocera Communication Systems, have installed what is said to be Japan’s first offshore floating solar photovoltaic (OFSPV) power plant on the sea surface.

about 2 years ago
Electric Hydrogen obtains $100 million to support its 100 MW electrolyzer plants
Business & Finance

Electric Hydrogen obtains $100 million to support its 100 MW electrolyzer plants

Electric Hydrogen has announced $100 million in corporate credit financing to back the manufacturing and deployment of its 100 MW electrolyzer plants.

about 2 years ago
Decommissioning operations; Source: James Fisher Decommissioning
Business & Finance

James Fisher wraps up its largest decom project so far

James Fisher Decommissioning has completed its largest decommissioning project to date for a “major” operator in the Gulf of Thailand.

about 2 years ago
First UK-Germany energy link enters next stage of construction
Business & Finance

First UK-Germany energy link enters next stage of construction

The first-ever energy link between the UK and Germany is moving into the next stage of construction as foundation works are underway on a new UK converter station. The €2.8 billion NeuConnect project will see new converter stations built on the Isle of Grain in Kent and the Wilhelmshaven region in n

about 2 years ago
UK government backs EMEC's growth with £3 million
Business & Finance

UK government backs EMEC’s growth with £3 million

The UK Government is set to award a new £4.6 million support package for the UK’s islands, £3 million of which will be awarded to the Orkney-based European Marine Energy Centre (EMEC) over two years. The funding boost will support EMEC’s growth plans, further helping the center deliver the UK’s net

about 2 years ago
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