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Business & Finance

Danes order Chinese submarine cables for €8.5 million

Denmark’s transmission system operator (TSO) Energinet has awarded China’s Zhongtian Technology Submarine Cable (ZTTSC) with a contract for the delivery of submarine cable for Danish waters. Energinet selected ZTTSC for the delivery of approximately 12 kilometers of 145 kV submarine cable system to

about 3 years ago

Business & Finance

Aker BP to spud North Sea prospects with Saipem rig

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Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.

about 3 years ago

Business & Finance

Wind-propulsion installations poised to surpass 50 mark in early 2024

Wind propulsion installations on large vessels are on track to surpass the 50 mark in early 2024, according to a recent update by Gavin Allwright, Secretary General of the International Windship Association (IWSA). This achievement reflects the continued momentum behind wind propulsion solutions and

about 3 years ago

Business & Finance

Hanwha and affiliates to establish clean hydrogen value chain

South Korean Hanwha Group has announced the potential creation of a comprehensive clean hydrogen value chain through collaboration with seven of its affiliates, Hanwha Corporation, Hanwha Energy, Hanwha Solutions, Hanwha Aerospace, Hanwha Ocean, Hanwha Impact and Hanwha Power Systems. The hydrogen v

about 3 years ago

Business & Finance

Subsea Integration Alliance and BP unite to enhance subsea project performance

Subsea Integration Alliance has signed a memorandum of understanding (MoU) with UK energy giant BP aimed at developing a framework to enhance subsea project performance. Signed at an official ceremony in London on September 22, the agreement between BP and the alliance that comprises Subsea7 and One

about 3 years ago

Business & Finance

Court order pushes US to expand Gulf of Mexico oil & gas lease sale with previously removed blocks

BOEM is taking steps to comply with a court order regarding the incoming offshore oil and gas lease sale for acreage in the Gulf of Mexico.

about 3 years ago

Business & Finance

New hydrogen hub in Australia in the works

Australia’s Albanese and Malinauskas Governments have finalized a grant agreement to develop the Port Bonython Hydrogen Hub near Whyalla. Together, both governments are investing $100 million to develop infrastructure at Port Bonython and prepare it to become South Australia’s (SA) first large-scale

about 3 years ago

Saad Sherida Al-Kaabi, Qatar's Minister of State for Energy Affairs, President and CEO of QatarEnergy; Source: QatarEnergy

Business & Finance

QatarEnergy CEO sees natural gas as ‘indispensable’ not just for energy transition but also after 2050

The CEO of QatarEnergy has spotlighted the role of natural gas in the evolving energy landscape and the energy transition era.

about 3 years ago

Business & Finance

QatarEnergy LNG awards CO2 sequestration deal to Worley

Australia’s engineering company Worley has secured a contract with Qatargas, which recently rebranded to QatarEnergy LNG, to provide front-end engineering design (FEED) services for a CO2 sequestration project in Ras Laffan, Qatar. According to Worley, the contract covers the FEED study and engineer

about 3 years ago

Business & Finance

Princess Royal unveils £420 million Aberdeen Port expansion

The Port of Aberdeen, the UK’s oldest business, now boasts the country’s newest harbor, signaling a vibrant future for energy, trade, and tourism in Scotland’s journey towards net zero emissions. Namely, the port’s £420 million (USD 514 million) expansion project was officially inaugurated on Friday

about 3 years ago

Rishi Sunak, UK Prime Minister; Source: UK government

Business & Finance

UK’s shift in net-zero policy raises red flag: Is this a godsend for people’s pockets or wishful thinking?

A deep dive into the backlash and other prominent reactions related to the UK’s Prime Minister’s recent changes in net-zero policy.

16 minutes read

Business & Finance

Wintershall Dea preparing to drill Norwegian Sea wildcat with Transocean rig

Wintershall Dea has secured a drilling permit from Norway’s authorities to spud a wildcat well in the Norwegian Sea.

about 3 years ago

Business & Finance

Workers protest against HHLA’s partial sale to MSC

In a show of collective dissent, hundreds of employees of Hamburger Hafen und Logistik AG (HHLA) rallied on Tuesday to protest against the proposed partial sale of the company to the Swiss container shipping giant, MSC (Mediterranean Shipping Company). The demonstrators marched from the HHLA headqua

about 3 years ago

Deepsea Stavanger rig; Source: Odfjell Drilling

Business & Finance

North Sea well yields no hydrocarbons

Equinor, on behalf of Aker BP, is in the process of concluding the drilling of an exploration well in the North Sea.

about 3 years ago