Business & Finance
Maersk issues 1st green bond to finance methanol-powered newbuilds
Danish container shipping and logistics giant A.P. Moller – Maersk has placed its inaugural €500 million ($567 million) green bond to fund the construction of its first feeder vessel and the series of 8 large ocean-going containerships which will be capable of operating on carbon-neutral methanol.
TechnipFMC and Petronas team up in pursuit to cut emissions
TechnipFMC and Petronas entered into an agreement to commercialise a natural gas processing membrane that reduces greenhouse gas emissions.
Turkey now boasts a fleet of four rigs as ex-Vantage drillship finally finds home
Turkey’s oil and gas giant TPAO has added another deepwater drillship to its fleet of drilling rigs, which are working in the Black Sea.
Statnett’s record revenues from interconnectors to reduce grid tariffs
Statnett has reported record revenue of nearly NOK 3 billion (around $331.8 million) so far from interconnectors to other countries which will be passed on to Norwegian consumers through a reduction in grid tariffs.
Active fleet steers Subsea 7 quarterly figures forward
Subsea 7 has reported a revenue of $1.45 billion for the third quarter of 2021, up 53% year-on-year, said to be driven by the very high utilization of the active fleet.
Fresh deal with Dana to create new jobs at PD&MS in Aberdeen
PD&MS Group has secured a modifications contract with Dana Petroleum, which is expected to create up to 80 jobs at its Aberdeen base.
Orbital Marine forms ‘game-changing’ partnership with TechnipFMC for tidal energy scale-up
Scottish company Orbital Marine Power has established a strategic partnership with one of the leading offshore energy players TechnipFMC to accelerate the global commercialisation of its pioneering tidal energy technology.
Sturgeon comes out against Cambo oil project as Scotland mulls joining alliance to end oil & gas use
Scotland’s First Minister, Nicola Sturgeon, has expressed her belief that the Cambo oil project off Shetland should not get the green light.
Climate policies should focus on demand as falling costs make new oil cheaper to produce, Rystad says
An analysis of the annual cost of supply by Rystad Energy has revealed that costs within the upstream sector have come down considerably in 2021.
CRP Subsea targets renewables with new manufacturing facility
CRP Subsea has made a large-scale investment in a new manufacturing facility to support its transition from primarily oil & gas into the renewables market.
Aberdeen Harbour, BP jointly exploring port decarbonisation projects
Aberdeen Harbour and oil and gas company BP have entered the Memorandum of Understanding (MoU) to work on projects that could help decarbonise the port operations.
Maersk rig booked for new job in Dutch North Sea
Maersk Drilling has been awarded a contract with ONE-Dyas, which will employ a jack-up rig to drill exploration wells in the Dutch North Sea.
Several players team up to usher in new era of low carbon workforce in Scotland
In a move designed to support and build Scotland’s low carbon workforce, OPITO joined forces with the Acorn Project and Scottish Cluster to create a plan for industrial skilling and reskilling training.
Well-Safe’s new director to play key role in expansion
Well-Safe Solutions has appointed a new director for strategy and business development, expected to secure more work for the firm’s decommissioning rigs and play a crucial role in further business expansion.