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Business & Finance

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Winners of Denmark’s first PtX tender to build over 280 MW of electrolysis capacity
Business & Finance

Winners of Denmark’s first PtX tender to build over 280 MW of electrolysis capacity

The Danish Energy Agency has closed the first Power-to-X tender, revealing six winning project divided between four companies. The selected six projects will together build over 280 MW of electrolysis capacity. The tender was launched in April and was open until September 1, 2023. Through the tender

about 3 years ago
Venice Energy speeds up Outer Harbor LNG construction
Business & Finance
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Venice Energy inks exclusivity deal for use of Outer Harbor LNG terminal

Australian energy infrastructure developer Venice Energy and its compatriot energy provider Origin Energy have agreed on a structural framework that will underwrite the commercial viability of the Outer Harbor LNG import terminal to be built at Port Adelaide. The agreement will see Origin become the

about 3 years ago
'Significant discovery' in Guyana's Stabroek block
Business & Finance

‘Significant discovery’ in Guyana’s Stabroek block

U.S.-headquartered energy giant ExxonMobil has made another oil discovery at the Stabroek block, representing the fourth discovery offshore Guyana for this year. Guyana’s Ministry of Natural Resources (MNR) reported that the Lancetfish-2 appraisal well had resulted in a “significant discovery”. The

about 3 years ago
Horisont Energi and Barents NaturGass pen LoI for clean ammonia supply
Business & Finance

Horisont Energi and Barents NaturGass pen LoI for clean ammonia supply

Norwegian clean energy company Horisont Energi has signed a Letter of Intent (LoI) with its compatriot Barents NaturGass for a long-term purchase agreement of up to 100,000 tons annually of clean ammonia from Horisont Energi’s and Fertiberia’s Barents Blue plant. Under the LoI, the two companies wil

about 3 years ago
Another Chinese oilfield begins producing
Business & Finance

Another Chinese oilfield begins producing

Following the start of production from an oilfield located in the South China Sea, Chinese oil and gas giant CNOOC Limited has kicked off production from another development, this time in the Bohai Sea. CNOOC Limited announced on October 27 that the Penglai 19-3 Oilfield Area 5/10 development projec

about 3 years ago
Allseas unveils new pipelaying barge
Business & Finance

Allseas unveils new pipelaying barge

Allseas has inaugurated its new barge for shallow water offshore construction activities in Singapore, following upgrading activities. Sandpiper is a flat-bottom, anchored barge that Allseas purchased last year and upgraded in 2022/23 for pipelaying activities. The barge is equipped with a ten-point

about 3 years ago
Financing secured for ARO Drilling's two new jack-up rigs
Business & Finance

Financing secured for ARO Drilling’s two new jack-up rigs

ARO Drilling, a 50/50 joint venture between Valaris and Saudi Aramco, has secured financing for its first two new-build jack-up rigs, set to work for Saudi Aramco. ARO has entered into a $359 million term loan with a syndicate of local Saudi Arabian banks to finance the deliveries. The proceeds will

about 3 years ago
DP World
Business & Finance

APMT, DP World: Port electrification is the fastest lane to impact. Hydrogen solutions an outlier, not the norm.

In the maritime sector, the quest for cleaner, more efficient practices has given rise to the electrification of ports and container handling equipment. Why, you might ask? The answer is clear, for electrification offers a trifecta of advantages that places it at the forefront of a green revolution:

about 3 years ago
Trendsetter delivers subsea equipment for Woodside in Gulf of Mexico
Business & Finance

Trendsetter delivers subsea equipment for Woodside in Gulf of Mexico

Texas-based oil and gas services company Trendsetter Engineering has completed the delivery of subsea equipment for Woodside Energy’s field in the Gulf of Mexico, recently brought on stream. Under the contract secured in 2021, the Houston-headquartered company delivered two subsea manifolds, two hig

about 3 years ago
Preventing subsea cable failure could save millions for offshore wind industry, IMCA says
Business & Finance

New code of practice aims to slash subsea cable failures

The International Marine Contractors Association (IMCA) has issued a new Code of Practice with the aim of improving subsea power cable installation in offshore wind by preventing cable failure and thus enabling savings for the offshore wind industry. The Code of Practice for Offshore Cable Laying in

about 3 years ago
OKEA finds oil in Norwegian North Sea
Business & Finance

OKEA finds oil in Norwegian North Sea

Norwegian oil and gas company OKEA has made an oil discovery near the Brage field in the North Sea. According to the Norwegian Petroleum Directorate (NPD), between 0.2 and 0.5 million Sm3 of recoverable oil was proven in connection with drilling well 31/4-A 13 E in the northern part of the North Sea

about 3 years ago
Finland pledges funding for IMO-GreenVoyage2050 project
Business & Finance

Finland pledges funding for IMO-GreenVoyage2050 project

The Government of Finland has pledged funding worth €150,000 to the IMO-GreenVoyage2050 project which supports developing countries in their efforts to reduce Greenhouse Gas (GHG) emissions from ships and in ports.

about 3 years ago
Italy's Saipem gives out €300 million contract to compatriot company
Business & Finance

Italy’s Saipem gives out €300 million contract to compatriot company

Italy’s Rosetti Marino has secured an engineering, procurement and construction (EPC) contract, said to be worth more than €300 million, with compatriot Saipem for work offshore Libya. Under the contract, Rosetti Marino is in charge of the construction of a gas recovery module (GRM) of approximately

about 3 years ago
First Dutch large-scale CCS project to sport MAN technology
Business & Finance

First Dutch large-scale CCS project to sport MAN technology

Just shortly after Allseas was awarded a contract for the project, MAN Energy Solutions secured work for the first large-scale carbon capture and storage (CCS) project in the Netherlands. MAN Energy Solutions will deliver three integrally-geared compressor trains (IGC) for the Porthos (Port of Rotte

about 3 years ago