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Business & Finance

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Ulstein Verft to build new Nexans cable-laying vessel
Business & Finance

Ulstein Verft to build new Nexans cable-laying vessel

Nexans Marine Operations has placed an order with Ulstein Verft for the construction of its new cable-laying vessel (CLV), said to be an updated version of the Nexans Aurora. The “large” DP3 vessel, based on the Nexans Aurora design as developed by Skipsteknisk, will be able to carry out the transpo

about 3 years ago
Illustration/Oneka Technologies' wave energy-drive desalination platform (Courtesy of Oneka Technologies)
Business & Finance

Canadian innovator raises close to €9M for wave-powered desalination tech

Wave-powered desalination innovator Oneka Technologies has secured €8.7 million through equity round of financing, attracting various new investors on board. Oneka Technologies closed its main Series A equity round of financing with €8.7 million (CA$12.5 million) investment led by the Hoffecker Fami

about 3 years ago
Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Business & Finance

Green light for Equinor to deploy Transocean rig for drilling ops

Equinor has received consent to use one of Transocean’s semi-submersible rigs for exploration drilling at a block in the Norwegian Sea.

about 3 years ago
LCO2 carrier signing
Business & Finance

PETRONAS, MISC, and MOL forge pact on LCO2 carrier development

Malaysia’s state-owned energy giant PETRONAS, through its wholly-owned subsidiary PETRONAS CCS Ventures, has teamed up with compatriot shipowner MISC Berhad and Japanese shipping major Mitsui O.S.K Lines (MOL) on the development and commercialization of Liquefied Carbon Dioxide (LCO2) carriers. The

about 3 years ago
US DOE to hand out $47.7 million to advance clean hydrogen technologies
Business & Finance

US DOE to hand out $47.7 million to advance clean hydrogen technologies

The U.S. Department of Energy (DOE) has announced $47.7 million in funding for 16 research, development and demonstration (RD&D) projects across 13 U.S. states to advance clean hydrogen technologies. Managed by the Hydrogen and Fuel Cell Technologies Office (HFTO), DOE said the projects will focus o

about 3 years ago
Survey on schedule for world's first bi-directional subsea link
Business & Finance

Survey on schedule for world’s first bi-directional subsea link

A geophysical inspection survey is set to kick off in October along the length of the operational WesternLink submarine HVDC interconnector in the UK. The 390-kilometer WesternLink includes two HVDC cables that extend from Hunterston in the Firth of Clyde, through the North Channel, to the west and

about 3 years ago
Elyse Energy, Hy24 and Mirova pen e-fuels financing deal
Business & Finance

Elyse Energy, Hy24 and Mirova pen e-fuels financing deal

E-fuels company Elyse Energy, Hy24, managing a clean hydrogen infrastructure fund, and Mirova, an affiliate of Natixis Investment Managers, have signed a financing deal to support the development of Elyse Energy’s e-methanol and sustainable aviation fuels (SAF) projects in France and Spain. Specific

about 3 years ago
Illustration (Courtesy of Ciel & Terre)
Business & Finance

Industry partners kick off construction works on the largest European floating solar plant

A consortium made up of French, Belgian and Luxembourgian companies, led by renewable energy developer Q Energy, has started with the construction of a 74.3MWp floating solar plant in the northeastern France – said to be the largest such power plant in Europe.

about 3 years ago
Ron DeSantis, Florida Governor; Source: Office of Governor Ron DeSantis
Business & Finance

As Florida Governor pledges to unleash ‘American energy dominance’ and slash gas prices to $2 by 2025, California hits out at fossil fuels industry

There is almost an insurmountable gap between the latest energy policies being advocated by Florida Governor and California’s governor.

11 minutes read
Illustration; Source: Equinor
Business & Finance

Equinor hands over development plans for $9 billion natural gas project off Brazil

Equinor has submitted the declarations of commerciality and plans of development for two natural gas fields in the BM-C-33 concession in Brazil’s Campos Basin to Agência Nacional de Petróleo, Gás Natural e Biocombustíveis (ANP).

about 3 years ago
McDermott to install subsea structures for Brazil's oil & gas company
Business & Finance

McDermott to install subsea structures for Brazil’s oil & gas company

Brazilian oil and gas company PRIO, formerly known as PetroRio, has awarded McDermott with a transportation and installation contract for a development in Brazil’s Campos basin. Under the contract, McDermott will perform the transportation and installation of approximately 30 kilometers of coated 10

about 3 years ago
Polvo A; Source: PRIO
Business & Finance

Another well comes on stream off Brazil

Brazilian oil and gas company PRIO, formerly known as PetroRio, has kicked off production from a well located at a field in the Campos Basin offshore Brazil.

about 3 years ago
Illustration; W&T Offshore
Business & Finance

US oil & gas player adds eight producing assets to its Gulf of Mexico portfolio

W&T Offshore has wrapped up the acquisition of working interests in eight shallow water oil and gas-producing assets in the Gulf of Mexico.

about 3 years ago
Illustration/CETO wave energy array (Courtesy of Carnegie Clean Energy)
Business & Finance

Spain backs Carnegie with €1.2M for CETO wave energy device deployment

The Spanish government has awarded €1.2 million to Carnegie Clean Energy’s AGUAMARINA project to enhance and extend the deployment of its CETO wave energy device at Biscay Marine Energy Platform (BiMEP) in the Basque Country.

about 3 years ago
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