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Business & Finance

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Minesto scales up its Faroe Islands roadmap to 200 MW tidal energy buildout (Video)
Business & Finance

Minesto scales up its Faroe Islands roadmap to 200 MW tidal energy buildout (Video)

Swedish ocean energy developer Minesto has upgraded its roadmap to a 200 MW tidal energy buildout in the Faroe Islands, said to come as a response to the growing demand for renewable energy. The Faroe Islands has one of the world’s most ambitious energy transition schemes, aiming for 100% renewables

about 2 years ago
Baker Hughes adds 'world's largest deepwater field' to its 2025 task list
Business & Finance
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Baker Hughes adds large Brazilian deepwater oil field to its 2025 task list

Baker Hughes has secured a contract with Brazilian state-owned oil and gas giant Petrobras for integrated well construction services for a large deepwater field, located in Brazil’s pre-salt Santos Basin. The integrated services project is set to start in the first half of 2025 and will include dril

about 2 years ago
Banba jack up rig; Source: Dixstone
Business & Finance

Dutch firm’s jack-up rig kicks off drilling ops at Perenco’s asset off Gabon

Perenco has started drilling activities at an appraisal well offshore Gabon, using a jack-up rig owned by the Netherlands-headquartered Dixstone.

about 2 years ago
Illustration; Source: Frontier Centre for Public Policy (FCPP), an independent Canadian public policy think tank
Business & Finance

No more oil & gas permits off Canada’s Pacific coast

Canada has seized control of all 227 offshore oil and gas exploration and production permits off its Pacific coast, putting a stop to further hydrocarbon extraction activities in this area.

about 2 years ago
FPSO One Guyana; Source: SBM Offshore
Business & Finance

WATCH: SBM Offshore FPSO destined for ExxonMobil’s fourth oil project off Guyana leaves drydock

SBM Offshore has revealed that an FPSO, which will work on ExxonMobil’s fourth oil project in the Stabroek block off the coast of Guyana, recently left drydock and arrived along the quayside at the Seatrium yard in Singapore.

about 2 years ago
Thermoplastic composite pipe suitable for high-pressure hydrogen service, Strohm says
Business & Finance

Thermoplastic composite pipe suitable for high-pressure hydrogen service, Strohm says

Thermoplastic composite pipes (TCP) have shown exceptionally low hydrogen permeation values, demonstrating technical suitability for high-pressure hydrogen service, Dutch TCP producer Strohm reported following a TCP hydrogen testing program. Strohm recently completed an extensive six-month hydrogen

about 2 years ago
ZeroNorth
Business & Finance

ZeroNorth, Alpha Ori close merger to help accelerate zero emissions shipping

Denmark-based technology company ZeroNorth and Singapore’s software developer Alpha Ori Technologies have completed a merger after receiving all required regulatory approvals.

about 2 years ago
Scarborough energy project’s Pluto Train 2 has achieved a major milestone with the first three modules now safely installed on site in Karratha, Western Australia; Source: Woodside
Business & Finance

WATCH: As three modules for Woodside’s giant gas project come to Australia, first LNG cargo on track for 2026

Woodside has tucked a new milestone under its belt for its gas project off the coast of Western Australia with the arrival of the first three Pluto Train 2 modules in Karratha.

about 2 years ago
Rescue vessel to undergo makeover to get ready for renewables
Business & Finance

Rescue vessel to undergo makeover to get ready for renewables

Scottish subsea specialist Sulmara is set to repurpose an emergency response rescue vessel (ERRV) into a multi-purpose support vessel (MPSV) with the addition of equipment to suit the renewables market. Sulmara has signed a three-year deal with Atlantic Offshore to charter the 67-meter DPII multi-pu

about 2 years ago
Ringhorne platform; Source: Vår Energi
Business & Finance

More drilling and maintenance work for KCA Deutag at North Sea platform

KCA Deutag has got its hands on a contract extension for the provision of offshore drilling and maintenance services on a platform in the Norwegian sector of the North Sea.

about 2 years ago
Offshore wind accounts for 45% of NKT’s high-voltage order backlog
Business & Finance

Offshore wind accounts for 45% of NKT’s high-voltage order backlog

Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45% of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at €10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 r

about 2 years ago
Greek cable maker joins EU’s ‘decarbonizing one-stop shop for small islands’ project
Business & Finance

Greek cable maker joins EU’s ‘decarbonizing one-stop shop for small islands’ project

Greek cable manufacturer Hellenic Cables has joined a Horizon 2020 EU-funded project that aims to develop a one-stop solution in a multi-use platform (MUP) that will produce electricity and freshwater using wind and wave power for small islands. The MUSICA project will provide a full suite of Blue G

about 2 years ago
POSCO and ADNOC forge clean hydrogen ties
Business & Finance

POSCO and ADNOC forge clean hydrogen ties

South Korean POSCO Holdings, its subsidiary POSCO International and UAE’s Abu Dhabi National Oil Company (ADNOC) have signed a strategic cooperation agreement (SCA) for a joint investigation of clean hydrogen production business. According to the agreement, the three parties will jointly propel the

about 2 years ago
Danish Shipping
Business & Finance

Danish Shipping launches new network to drive ESG reporting in maritime

Trade and employer association Danish Shipping has launched a new Environmental, Social and Corporate Governance (ESG) Shipping Network to address the pressing need for collaboration and knowledge sharing within the shipping industry regarding sustainability reporting.

about 2 years ago