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Business & Finance

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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
Mozambique LNG
Business & Finance

TotalEnergies refutes allegations of manslaughter and negligence during insurgent attacks in Mozambique

TotalEnergies has denied the accusations of negligence and manslaughter concerning the 2021 insurgent attacks in Mozambique.

about 3 years ago
Damen
Business & Finance

Europe’s 1st all-electric tug on the horizon as part of Port of Antwerp-Bruges tug renewal deal with Damen

The Port of Antwerp-Bruges has placed an order for six new tugs with Dutch shipbuilder Damen as part of the company’s ongoing fleet renewal. The series includes five diesel-powered RSD Tugs 2513, equipped with Damen Marine NOx Reduction System, and one electric tug, which has been described as Europ

about 3 years ago
Illustration/Havkraft’s CEO Geir Arne Solheim on a ‘Powerpier’ equipped with wave energy units (Courtesy of Havkraft)
Business & Finance

Havkraft teams up with Equinor to explore wave power for lowering offshore drilling emissions

Norwegian company Havkraft has signed a contract with Equinor to conduct a feasibility study exploring the integration of wave energy as a sustainable energy source for powering mobile offshore drilling units.

about 3 years ago
Damage to Finland-Estonia offshore gas pipeline likely caused by external activity, Finland says
Business & Finance

Damage to Finland-Estonia offshore gas pipeline likely caused by external activity, Finland says

The damage to the Balticconnector gas pipeline between Finland and Estonia was not caused by the normal gas transmission process, Finnish transmission system operator (TSO) Gasgrid reported following the launch of an investigation into a leak announced earlier this week. Gasgrid Finland informed tha

about 3 years ago
North Field off Qatar; Source: QatarEnergy LNG
Business & Finance

TotalEnergies and QatarEnergy strengthen ties with 27-year LNG supply deals to bolster France’s energy security

QatarEnergy has inked two long-term LNG sale and purchase agreements (SPAs) with TotalEnergies for the supply of up to 3.5 mtpa of LNG.

about 3 years ago
shore power
Business & Finance

Port of Galveston wins $1 million grant for shore power pilot

The Port of Galveston has secured a $1 million grant for a shore power pilot project in partnership with Texas A&M University at Galveston aimed at reducing emissions from cargo shipping operations. Funded by the Texas Commission on Environmental Quality (TCEQ), the pilot will include establishing a

about 3 years ago
Illustration; Source: Kosmos Energy
Business & Finance

U.S. player’s new oil discovery in Gulf of Mexico comes to light

U.S.-headquartered oil and gas exploration and production company Kosmos Energy has made a new oil discovery in the U.S. Gulf of Mexico.

about 3 years ago
Athenian Sea Carriers orders 4 LNG and methanol-ready chemical tankers
Business & Finance

Athenian Sea Carriers orders 4 LNG and methanol-ready chemical tankers

Athenian Sea Carriers, a Greek shipping company, has exercised options for the construction of four eco-chemical tankers at the Chinese shipbuilding company Wuchang Shipbuilding Industry Group. These vessels, with a deadweight of 18,500 tons (dwt), are set to meet the highest environmental standards

about 3 years ago
Illustration; Source: Baron Oil
Business & Finance

UK oil & gas firm eyes start of drilling ops off Timor-Leste in late 2024

UK-based and AIM-listed oil and gas company Baron Oil is planning to kick off the drilling of an appraisal well at a block offshore Timor-Leste in late 2024.

about 3 years ago
Trafigura
Business & Finance

Trafigura to become majority owner of H2 Energy Europe

Swiss commodity trading group Trafigura has made an agreement with compatriot H2 Energy Holding founders to increase its shareholding in H2 Energy Europe to become majority owners, with the founders retaining minority ownership. In addition, Trafigura said the company retains its support for and min

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

Will a net-zero dash enable the UK to reap more benefits?

New poll shows the majority of British people are in favor of hastening the UK’s net-zero aspirations, thus, more green policies are seen as a safe bet for winning incoming elections.

17 minutes read
Petrobras to keep Oceaneering busy for five years
Business & Finance

Petrobras to keep Oceaneering busy for five years

Oceaneering International has secured a contract from Brazilian state-owned oil and gas giant Petrobras for the operation of drill pipe riser (DPR) systems in Brazil. Oceaneering’s wholly owned subsidiary Marine Production Systems do Brasil Ltda. won a five-year contract with Petrobras for the opera

about 3 years ago
RINA launches six-year Hydra project
Business & Finance

RINA launches six-year Hydra project

Classification society RINA has announced the start of the six-year research Hydra project, which by 2025, aims to create a 100% hydrogen-fueled pilot plant capable of producing up to seven tons of steel per hour, with a significant reduction in carbon emissions. The €88 million Hydra initiative is

about 3 years ago
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