Business & Finance
CMA CGM, DB Schenker fueling green container transport
Logistics companies DB Schenker and CMA CGM are moving towards decarbonising ocean freight by joining forces to offer green container transport, which immediately reduces the environmental footprint of maritime transport.
Neptune spuds North Sea prospect close to existing infrastructure
Neptune Energy has started drilling the Hamlet exploration well located in the Norwegian sector of the North Sea.
Energinet looking for Bornholm cable fault following power outage
Denmark’s energy operator Energinet has kicked off activities to re-establish the power on the submarine cable between Bornholm and Sweden following a power outage. A fault occurred on the cable at 06:17 a.m. on Saturday, 26 February, causing a power outage for Bornholm, Energinet reported. On Sunda
UK competition regulator investigating Noble-Maersk Drilling merger
The UK’s competition regulator is looking into the proposed merger between offshore drilling giants, Noble Corporation and Maersk Drilling.
Saipem to focus on core oil & gas and low-risk offshore wind projects following financial woes
Following a profit warning in late January, Saipem has revealed details about its revised strategic plan for the 2022-2025 period.
US imposes sanctions on Russia’s largest shipping company
Russian state-owned shipping company Sovcomflot (SCF Group) has been hit with the newest sanctions imposed by the United States in response to Putin’s “war of choice” against Ukraine.
Equinor gearing up for Barents Sea wildcat
The Norwegian Petroleum Directorate has granted Equinor a drilling permit for a wildcat well located offshore Norway.
Solstad concludes 2021 with positive numbers despite Covid hits
Solstad Offshore has reported a revenue of NOK 5.4 billion for the financial year 2021, an 8% increase compared to NOK 5 billion in 2020. Looking ahead, the Norwegian company revealed it fears that the current situation in Ukraine could impact its operations. The Norwegian company announced a full-y
Subsea 7, FLASC get govt grant for offshore energy storage system
Subsea 7 and technology partner FLASC have secured a £471,760 grant from the UK government Department for Business, Energy and Industrial Strategy (BEIS) to further develop an innovative offshore energy storage system. The Long Duration Offshore Storage Bundle, called PowerBundle, will store energy
Oil price soars past $100 mark as Russia-Ukraine crisis escalates
Oil prices soared on Thursday with Brent surging over the $100 barrel mark for the first time in eight years.
Energy industry optimistic about transition despite skills shortages, policies, and supply chain issues – DNV
Energy industry leaders believe the energy transition is accelerating and that 2022 is set to be a strong year for growth, DNV has said.
EDP Renewables wraps acquisition of major Asian floating solar player
EDP Renewables (EDPR) has met all regulatory conditions to acquire a 91% stake in Sunseap, the largest distributed solar power operator and the fourth largest solar power operator in Southeast Asia.
GoodFuels to offer marine biofuel in Asia-Pacific
Dutch marine biofuels supplier GoodFuels has opened its office in Singapore to serve demand for sustainable marine biofuel in the Asia-Pacific region.
Wheels are in motion for Rosebank oil project off Shetland
Wheels are in motion for the Equinor-operated Rosebank project located West of Shetland, one of the largest undeveloped fields on the UKCS.