Business & Finance
Avenir LNG becomes sole owner of Italy’s Higas LNG terminal
UK-based small-scale LNG company Avenir LNG has acquired the shareholdings of its minority partners in HIGAS, thus becoming the sole owner of the Italian LNG terminal.
UK regulator blocks $5B Cargotec-Konecranes merger
Following a decision by the UK Competition & Markets Authority (CMA) to block the merger between Finnish engineering majors Cargotec and Konecranes, the duo has decided to cancel the planned business combination.
Equinor orders survey over UK field to help maximize production
Norwegian seismic exploration company Shearwater GeoServices is set to perform a 4D time-lapse seismic monitor project at Equinor’s Mariner field off the UK. The one-month project, which will be carried out during the 2022 North Sea summer season, represents the third Isometrix survey over the field
Following recent upgrades, Eidesvik vessel lands new deal with Equinor
Eidesvik has inked a new contract for one of its recently upgraded platform supply vessels (PSVs) with Norway’s state-owned giant, Equinor.
Giant drilling contractor Transocean goes into seabed minerals to support renewables
Offshore rig owner Transocean is now investing in the exploration of seabed minerals to support the renewable energy supply chain.
Strohm partners up with Petronas for TCP commercialization
Strohm has signed an agreement with Petronas’ technology commercialization arm, Petronas Technology Ventures Sdn Bhd (PTVSB,) to commercialize thermoplastic composite pipe (TCP) in the industry and scale its utilization across Petronas facilities. According to Strohm, the partnership has ensured tha
Answers to energy security and climate change concerns lie in energy transition, IRENA says
The International Renewable Energy Agency (IRENA) believes that energy transition holds the key to tackling global energy and climate crisis.
Baleària inks first green loan in Spanish shipping sector
Spanish shipping company Baleària has signed the first sustainable financing agreement in the Spanish shipping sector with a green loan of EUR 80 million (about $88.4 million).
New batch of contracts to make DOF Subsea busy in North Sea
DOF Subsea has secured multiple new contracts for renewables and oil & gas projects in the North Sea, totaling more than 185 vessel days. All awards include project management, engineering, procurement and logistics, set to be delivered by the company’s subsea teams across Bergen and Aberdeen this y
IOG nearly ready to resume North Sea drilling
A Noble Corporation-owned jack-up rig is nearly ready to come back offshore and resume drilling for IOG next month.
EnBW picks He Dreiht inter-array cable supplier
Seaway 7 has won an engineering, procurement, installation and commissioning (EPIC) contract with EnBW for the inter-array cables for the He Dreiht offshore wind project in Germany. The scope includes the supply and installation of around 100 kilometers of 66 kV subsea power cables and respective ca
ABB to provide power from shore for Equinor’s North Sea electrification project
ABB has secured a deal with Aibel for the provision of power from shore technology to the Equinor-operated North Sea field.
Aker BP gets govt nod to ramp up gas output from Norwegian Sea field
Aker BP has secured approval from the Norwegian government to increase gas production from a field located in the Norwegian Sea off Norway.
Public consultations scheduled for Eastern Green Link 2
Scottish Hydro Electric Transmission (SHE Transmission) and National Grid Energy Transmission (NGET) have scheduled consultation events for the Eastern Green Link 2 subsea HVDC project. The parties are holding Pre-Application Consultation (PAC) events to be undertaken in advance of the submission to