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Business & Finance

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Noble Intrepid rig; Source: Kishorn
Business & Finance

UK port bids adieu to Noble rig following ten-month stay – gallery

After ten months, a jack-up rig has left the UK’s Kishorn port (KPL), in preparation for its next drilling assignment.

about 3 years ago
Tanker
Business & Finance

CMB breaks deadlock as Frontline sails away with $2.35 billion VLCC bounty in Euronav deal

After months of tense negotiations and legal disputes, Compagnie Maritime Belge (CMB) has announced a breakthrough agreement with Frontline and its affiliated company Famatown Finance Limited that paves the way for resolving the ongoing deadlock within Belgian tanker major Euronav. CMB, along with i

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about 3 years ago
Van Oord vessel hits record 'unparalleled' in subsea rock installation market
Business & Finance

Subsea rock installation record for Van Oord vessel

Van Oord’s flexible fallpipe vessel Nordnes has installed 20 million tonnes of rock, a record that the Dutch company said was unparalleled in the subsea rock installation market. Nordnes has been installing rocks on the seabed since 2005 and has now installed 20 million tonnes of rock in total. The

about 3 years ago
Push for CCU and CCS inclusion in EU Net Zero Industry Act gains momentum
Business & Finance

Push for CCU and CCS inclusion in EU Net Zero Industry Act gains momentum

A coalition of industry leaders, environmental advocates, and policymakers have called for the inclusion of Carbon Capture and Utilisation (CCU) and Carbon Capture and Storage (CCS) technologies in the European Union’s Net Zero Industry Act (NZIA) as strategic net-zero technologies. The joint statem

about 3 years ago
Investigation launches over suspected leak on European offshore gas pipeline
Business & Finance

Investigation launches over suspected leak on European offshore gas pipeline

Finnish and Estonian transmission system operators (TSOs) Gasgrid Finland and Elering have launched an investigation over suspicion that there is a leak in an offshore gas pipeline that connects the two countries. Gasgrid Finland and Elering observed an unusual drop in pressure in the Balticconnecto

about 3 years ago
Himalaya Shipping inks charter deals for two LNG dual-fuel newbuilds
Business & Finance

Himalaya Shipping inks charter deals for two LNG dual-fuel newbuilds

Bermuda-based bulk carrier company Himalaya Shipping has signed time charter agreements for two of its LNG dual-fuel vessels currently under construction at New Times Shipyard in China. According to the company, the vessels will commence a two-year time charter with “an evergreen structure” upon del

about 3 years ago
bulker powered by ammonia
Business & Finance

Frontline’s exit clears path for CMB’s bold decarbonization agenda for Euronav with ammonia and hydrogen at the helm

The latest agreement between Belgian shipping major CMB and its Norwegian counterpart Frontline signals a new chapter for tanker owner Euronav, one that holds the promise of resolving long-standing disputes and steering the company toward a more diversified and sustainable future. Specifically, CMB

about 3 years ago
Electriq secures €1.1M RVO grant for hydrogen powder plant in Amsterdam port
Business & Finance

Electriq secures €1.1M RVO grant for hydrogen powder plant in Amsterdam port

Israel-based company Electriq Global has received a €1.1 million grant from the Netherlands Enterprise Agency (RVO) for its proposed hydrogen powder manufacturing plant to be located in the Port of Amsterdam. Scheduled to begin operation in 2026, the hydrogen powder manufacturing plant is slated to

about 3 years ago
Reach Subsea buys Australian survey company as part of global expansion plans
Business & Finance

Reach Subsea buys Australian survey company as part of global expansion plans

Norway’s Reach Subsea has entered into an agreement to acquire Australian marine survey company Guardian Geomatics as part of its global expansion agenda. Guardian Geomatics, established in February 2018, offers marine survey solutions to the oil & gas industry and government sector clients, which i

about 3 years ago
Grane; Credit: Øyvind Hagen/Equinor
Business & Finance

Norway greenlights modifications planned for North Sea field

Norway’s offshore safety regulator has given Equinor consent to carry out modifications at a field located in the Norwegian sector of the North Sea.

about 3 years ago
Safe Bulkers buys two dual-fuel methanol Kamsarmax newbuilds in fleet renewal quest
Business & Finance

Safe Bulkers buys two dual-fuel methanol Kamsarmax newbuilds in fleet renewal quest

Monaco-based dry bulk shipping company Safe Bulkers has entered into contracts for the acquisition of two dual-fuel newbuild Kamsarmax class dry-bulk vessels as part of its fleet renewal strategy. The two 81,200 dwt vessels which are capable of running on methanol and fuel will be acquired at attrac

about 3 years ago
FPSO Montara Venture working at Montara field; Source: Jadestone Energy
Business & Finance

Boost in borrowing capacity, enables ‘significant’ liquidity for Jadestone ahead of gas project start-up

Jadestone Energy has confirmed the end of a bi-annual redetermination process for its $200 million reserve-based lending (RBL) facility.

about 3 years ago
In focus: Is natural gas crucial element of energy transition?
Business & Finance

In focus: Is natural gas crucial element of energy transition?

With the world adapting to emerging sources of supply and decarbonization technologies, the discussion about which fuel is the top contender for the successful energy transition continues. Despite the growing opposition to fossil fuels, some consider natural gas, primarily LNG, as the leading transi

about 3 years ago
Construction begins on first subsea interconnector between Spain and France
Business & Finance

Construction begins on first subsea interconnector between Spain and France

Spanish transmission system operator (TSO) Red Eléctrica is about to begin the construction of the first submarine interconnector between Spain and France. The Biscay Gulf interconnector will comprise two high-voltage direct current (HVDC) links, each with a capacity of 1,000 MW, linking Gatika in S

about 3 years ago