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Business & Finance

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Illustration; Source: International Energy Agency (IEA)
Business & Finance

Fossil fuels’ 75% methane cuts by 2030 come with $170 billion price tag

A new IEA analysis emphasizes the need for more action to bring forth the required emission reductions by 2030.

about 2 years ago
Candela
Business & Finance

Candela secures €24.5M to scale up production of fast electric ferry

Candela, a Swedish maker of sustainable, electric hydrofoil vessels, has closed the largest funding round in the company’s history, to expand production of its P-12 ferry.

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about 2 years ago
ABEL Energy partners with Townsville port for new green methanol plant and bunkering facilities
Business & Finance

ABEL Energy partners with Townsville port for new green methanol plant and bunkering facilities

ABEL Energy is looking to speed up the potential construction of a methanol production plant through cooperation with the Port of Townsville.

about 2 years ago
DNV has cooperated with offshore design and engineering services provider, Moss Maritime, to increase the deployment of floating solar technology in severe environmental conditions
Business & Finance

DNV and Moss Maritime team up to propel floating solar technology in harsh marine environment

DNV has cooperated with offshore design and engineering services provider, Moss Maritime, to increase the deployment of floating solar technology in severe environmental conditions. DNV has issued a Statement of Conformity to Moss Maritime for the design methodology of XolarSurf, a floating solar c

about 2 years ago
Extinction Rebellion Norway
Business & Finance

Oil & gas infrastructure in six North Sea countries hit by ‘unprecedented’ blockades

Activists have embarked on a wave of new climate action by setting up blockades to certain fossil fuel infrastructure in six North Sea countries.

about 2 years ago
OneSubsea's equipment to back landmark gas field offshore Philippines
Business & Finance

OneSubsea’s equipment to back landmark gas field offshore Philippines

OneSubsea, a joint venture backed by SLB, Aker Solutions and Subsea7, has secured a contract with a company in the Philippines to deliver subsea equipment for an offshore gas field. Under the contract signed with Prime Energy Resources Development, OneSubsea will deliver wellheads, Christmas trees (

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

ExxonMobil: Europe needs policy change not deindustrialization to be ‘attractive’ decarbonization playground

The president of ExxonMobil’s European arm is adamant that Europe needs industry to deliver the right set of climate tools and solutions.

about 2 years ago
Italy's Saipem and Fincantieri jointly pursuing subsea robotics
Business & Finance

Italy’s Saipem and Fincantieri jointly pursuing subsea robotics

Italian oilfield services company Saipem and compatriot shipbuilding giant Fincantieri have signed a Memorandum of Understanding (MoU) with the aim of evaluating opportunities for cooperation in subsea robotics for surveillance and control of critical underwater infrastructure. With the MoU, signed

about 2 years ago
UK engineering start-up gets financial boost for new wind propulsion system
Business & Finance

UK engineering start-up gets financial boost for new wind propulsion system

UK-based maritime engineering start-up WingTek, in collaboration with the University of Bristol and the National Composites Centre, has won a £2.2 million ($2.7 million) innovation grant for the development of a new wind auxiliary propulsion (WAP) system.

about 2 years ago
Minesto sees slight decline in operating income, widens operating loss
Business & Finance

Minesto sees slight decline in operating income, widens operating loss

Swedish tidal energy developer Minesto has reported a total operating income of almost SEK 45.6 million (around €4 million) for the 2023 financial year, a slight decline from SEK 45.7 million in 2022. Minesto’s operating loss was almost SEK 28.7 million, as opposed to SEK 23.7 million reported for 2

about 2 years ago
Lhyfe secures €149 million grant for green hydrogen plant near Le Havre
Business & Finance

Lhyfe secures €149 million grant for green hydrogen plant near Le Havre

Lhyfe will receive financial support from the French government to build a 100 MW green hydrogen production plant near Le Havre.

about 2 years ago
Texas LNG inks 20-year LNG offtake deal with Gunvor
Business & Finance

Texas LNG inks 20-year LNG offtake deal with Gunvor

Texas LNG has signed a heads of agreement (HOA) with Gunvor for a 20-year LNG FOB sale and purchase agreement (SPA) for 0.5 MTPA of LNG from Texas LNG.

about 2 years ago
Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program
Business & Finance

Canada and Germany bolster hydrogen alliance with first-of-its-kind bilateral program

Canada and Germany have signed an MoU to speed up commercial-scale trade and implementation of hydrogen corridor between the two countries.

about 2 years ago
MethaneSAT Data Rendering; Credit: MethaneSAT
Business & Finance

Brand-new satellite with ‘superpower’ to gauge methane goes live – gallery

A satellite has been launched to glean insight into methane emissions, focusing first on oil and gas operators.

about 2 years ago