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Business & Finance

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Wood Mackenzie
Business & Finance

With different decarbonization pathways in play, how are NOCs holding up against IOCs?

Wood Mackenzie points out that NOCs and IOCs are making progress at a different pace, as there are multiple roads to a sustainable world.

about 3 years ago
Illustration; Source: API
Business & Finance

Are Gulf of Mexico vessel restrictions a boon for whales but a curse for America’s offshore oil & gas industry?

New report warns that restrictions on oil & gas vessels in the Gulf of Mexico will undermine U.S. energy security and hamper economic growth.

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15 minutes read
DP World
Business & Finance

DP World raises $1.5 billion for decarbonization

Dubai-based port operator DP World has raised USD 1.5 billion through a Green Sukuk to support its global decarbonization efforts. Sukuk are Islamic financial instruments representing ownership and profit-sharing in asset-backed, Sharia-compliant investments. DP World said that the Sukuk was oversub

about 3 years ago
Jan De Nul puts world's first all-electric launch and recovery system to test
Business & Finance

Jan De Nul puts world’s first all-electric launch and recovery system to test

MacArtney has delivered what it says is the world’s first all-electric launch and recovery system (eLARS) to Jan De Nul, supporting the company’s dedication to a sustainable energy transition. Jan De Nul utilized the eLARS on its offshore support vessel Symphony and the new cable trencher Swordfish.

about 3 years ago
Euronav
Business & Finance

Euronav lifts option for ammonia-ready VLCC

Belgian tanker major Euronav revealed that it had lifted the option for a second very large crude carrier (VLCC) newbuild. The option was available under a contract Euronav signed in August with CSSC Qingdao Beihai Shipbuilding, a subsidiary of China State Shipbuilding Corporation (CSSC). The constr

about 3 years ago
FPSO Petrojarl I; Source: Enauta
Business & Finance

Brazilian FPSO now likely to be back online by November

Enauta has changed the timeline for the restart of production from an FPSO vessel, which is working on a field off Brazil.

about 3 years ago
Anchoring solutions provider selected for Ørsted's USVs
Business & Finance

Anchoring solutions provider selected for Ørsted’s USVs

Anchoring solutions specialist Maxwell Marine has won a contract to design and supply a technical anchoring system for uncrewed surface vessels (USVs) for the world’s leading offshore wind developer Ørsted. The USVs will be used for offshore met-ocean measurement campaigns in the wind farm industry

about 3 years ago
Rendering of the floating liquefied natural gas solution which received AiP; Source: Bumi Armada
Business & Finance

Bumi Armada unveils new FLNG concept in response to rising gas demand

Bumi Armada has received the American Bureau of Shipping’s approval in principle (AIP) for a new FLNG infrastructure solution.

about 3 years ago
EU backs Dutch hydrogen innovator Battolyser Systems with €40 million
Business & Finance

EU backs Dutch hydrogen innovator Battolyser Systems with €40 million

Supported by a guarantee from the InvestEU Fund, the European Investment Bank (EIB) has signed a €40 million financing deal with Dutch hydrogen innovator Battolyser Systems. According to EIB, the financing will enable Battolyser to scale its production facility in Rotterdam towards mass production o

about 3 years ago
Offshore Energies UK (OEUK)
Business & Finance

As UK’s offshore oil & gas industry slashes emissions, low-carbon era inches closer

OEUK has revealed in a new report that Britain’s offshore oil and gas industry has curbed its emissions footprint by 24% compared to 2018.

about 3 years ago
ExxonMobil
Business & Finance

With $64.5 billion merger in the works, ExxonMobil set on reinforcing US energy security and curbing emissions

ExxonMobil is in the process of acquiring Pioneer Natural Resources in an all-stock transaction, which will expand its U.S. footprint.

about 3 years ago
Illustration; Source: DNV
Business & Finance

Net-zero by 2050 ambition at risk: In with renewables and out with fossil fuels ‘far from fast enough,’ warns DNV

DNV: The pace of the transition from fossil fuels to renewables is not being imbued with enough speed to reach net-zero by 2050 targets.

about 3 years ago
Greek TSO takes over the baton for EuroAsia Interconnector
Business & Finance

Greek TSO takes over the baton for EuroAsia Interconnector

EuroAsia Interconnector Limited, project promoter of the European Project of Common Interest (PCI 3.10), and Greek electricity grid operator Independent Power Transmission Operator (IPTO) have reached an agreement for the designation of IPTO as project promoter of the electricity interconnector that

about 3 years ago
Public consultation dates set for second Italy-Greece interconnector
Business & Finance

Public consultation dates set for second Italy-Greece interconnector

Italian transmission system operator (TSO) Terna has scheduled public consultations in seven municipalities that will be affected by the construction of an interconnector that will be built between Italy and Greece. Terna is expected to invest €750 million in the GR.ITA 2 interconnector which will i

about 3 years ago