Business & Finance
EnerMech inks long-term contract with TAQA for North Sea services
EnerMech has secured a five-year contract with TAQA to support its UK Continental Shelf (UKCS) portfolio in the North Sea.
New alliance launched at COP26 aims to set an end date for oil and gas production
A new global alliance has been announced during the COP26 summit in Glasgow, aiming to seek a managed phase-out of oil and gas production.
Mystery buyer takes possession of Solstad vessel
Solstad Rederi, a subsidiary of the offshore vessel owner Solstad Offshore, has sold one of its vessels to an undisclosed buyer.
Höegh Autoliners raising money to fund ammonia-ready ships
Norwegian RoRo shipping company Höegh Autoliners has decided to launch a private placement of new shares and list the company’s shares on Euronext Growth Oslo in order to accelerate decarbonization investments. As informed, the private placement is expected to raise gross proceeds in the region of N
Norwegian player to hop on the CCS bandwagon
Lime Petroleum has inked a deal with Nautilus Carbon Services to take part in a carbon capture and storage (CCS) project in Norway.
Hapag-Lloyd enjoys earnings momentum, appoints first-ever female CIO
German container shipping company Hapag-Lloyd wrapped up the first nine months of this year with significantly higher earnings than in the corresponding period last year.
Prysmian buys Swiss fiber optic monitoring provider
Italian cabling giant Prysmian Group has completed the acquisition of Switzerland-based fiber optic monitoring solutions provider Omnisens.
Teekay LNG Partners tops off Norwegian bond offer
Teekay LNG Partners, one of the world’s largest owners of LNG carriers, has priced NOK 1,000 million ($115,194) in new senior unsecured bonds that mature in November 2026 in the Norwegian bond market.
Neptune getting rid of non-core assets in Norway
Neptune Energy will divest its non-operated working interests in three producing fields and two export pipelines in Norway.
Draft COP26 deal calls for phasing out fossil fuels subsidies as U.S. and China tie up for climate action
As the final day of the COP26 conference is approaching, the pressure to end the era of fossil fuels is mounting and all eyes are on Glasgow.
GES to prepare existing Rotterdam terminal for low-carbon future
Singapore-based storage terminals operator Global Energy Storage (GES), which launched in May this year, has unveiled its first major investment at Europoort in the Port of Rotterdam, the Netherlands.
AYRO wins EMFF grant to boost its wingsail tech
French wind propulsion specialist AYRO has received a grant from the European Maritime and Fisheries Fund (EMFF) for its wingsail project WINNEW.
AqualisBraemar LOC buys ship design business from Damen
Energy and marine consultancy AqualisBraemar LOC will acquire the UK operations of ship design and marine consultancy company OSD-IMT from Damen shipyards.
Offshore regulator looking into incident on Equinor’s Troll C platform
The regulator has launched an investigation following findings of corrosion on Equinor-operated Troll C platform’s gas compressor coolers.