Business & Finance
DEME on survey mission offshore Ireland
DEME Group’s DP2 jack-up vessel Neptune is about to begin a geotechnical site investigation survey at the Arklow Bank Phase 2 offshore wind project in the Irish Sea. The aim of the survey is to provide site investigation information to facilitate the development of the Arklow Bank Wind Park off Wick
Germany’s DekaBank joins Poseidon Principles
DekaBank, the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe), has become the latest financial institution to join the Poseidon Principles framework for responsible ship finance.
CIP unveils plans for offshore wind-to-green hydrogen energy islands in Germany and Denmark
Copenhagen Infrastructure Partners (CIP) has unveiled plans to build an artificial island dedicated to large-scale production of green hydrogen from offshore wind in Denmark and has entered an agreement with Allianz Investment Management (AIM) to perform a feasibility study for a similar project in
Norway’s new estimate of gas deliveries for this year sees 8 pct increase from last year
Norway’s Ministry of Petroleum and Energy has revealed a higher estimate for gas deliveries from the fields on the Norwegian shelf in 2022.
UK to get over $9.7 billion in tax this year from oil & gas operators, trade body says
UK oil & gas operators are expected to pay over $9.6 billion in taxes in 2021, which represents a 20-fold increase worth $346 per household.
Turkey welcomes arrival of fourth drillship
Following a recent report that Turkey is about to welcome the fourth addition to its fleet of drillships, the vessel has now arrived in Turkey.
Damen to promote Bawat’s ship-based ballast water management system
Damen Green Solutions, a member of the Damen Shipyards Group, has been given the right to promote a green ship-based ballast water management system (BWMS) developed by water treatment supplier Bawat. According to Bawat, Damen was selected for the cooperation as it fits the supplier’s green approach
Chart Industries buys Cryogenic Service Center
U.S. LNG engineer Chart Industries has completed the acquisition of Swedish company CSC Cryogenic Service Center for approximately $4 million. Chart Industries says that CSC brings a strong service footprint in the Nordic Region with many overlapping customers to Chart. Therefore, it is allowing Cha
Jack-up rig hired for drilling on gas field offshore Turkey
Trillion Energy has signed a definitive offshore drilling services contract with GSP to secure a jack-up rig for a campaign offshore Turkey.
Ocean Energy Europe: REPowerEU as new innovation stepping stone for renewables
Ocean Energy Europe (OEE) has welcomed the European Commission’s REPowerEU initiative, which at its heart endorses a massive and accelerated roll-out of renewables.
Hellenic Cables’ net-zero targets approved
The Science Based Targets initiative (SBTi) has approved Hellenic Cables’ near-term and long-term greenhouse gas emissions reduction targets. Hellenic Cables commits to reducing absolute scope 1 and 2 GHG emissions by 50% by 2030 from a 2020 base year, as well as the absolute scope 3 GHG emissions f
Gravitricity and Arup secure funding to develop below ground hydrogen storage
Gravitricity and Arup have secured $372,073 from the UK goverment to study storing hydrogen in purpose-built underground shafts.
Esbjerg declaration: Industry sees wave energy as ‘natural partner’ to offshore wind and solar
The representatives of ocean energy associations have called both the Danish and Dutch governments and parliaments to also integrate wave energy in the energy strategy for the North Sea region by setting both national and regional deployment targets.
HySupply winners to receive government funding for hydrogen supply innovation
The goverment of the UK will grant $74.3 million (£60 m) to HySupply competition winners to provide funding for projects to develop innovative low-carbon hydrogen supply solutions.