Business & Finance
Vår Energi aims for net-zero emissions from all 35 oil & gas fields by 2030
Norwegian oil and gas company Vår Energi is setting new climate goals, aiming to be climate neutral in Scope 1 and 2 activities by 2030.
Noble shareholders voice concerns over Maersk merger plans despite ‘appealing optics’
Following an announcement that Maersk Drilling and Noble Corporation are merging, certain shareholders have voiced their concerns.
Scottish Enterprise, Marubeni jointly eyeing floating wind and green hydrogen projects
Scotland’s national economic development agency, Scottish Enterprise, and Japanese conglomerate Marubeni Corporation have signed a Memorandum of Understanding (MoU) to jointly explore opportunities in floating offshore wind and green hydrogen. The new partners have identified three key areas of coll
ICS, IMO, Green Climate Fund discuss provision of $1.5 million to fast track R&D
The International Maritime Organization (IMO) and the International Chamber of Shipping (ICS) have met with the Green Climate Fund (GCF) to discuss funding options for the proposed ‘IMO Maritime Research Fund’ (IMRF).
Equinor assembling supplier team for Barents Sea project
Equinor is putting together a team of Norwegian suppliers for the development of its operated Wisting field in the Barents Sea.
Fugro brings its new USV generation to Europe
Fugro has launched its new generation of uncrewed surface vessels (USVs) known as Blue Essence in the European market.
Maersk Drilling to merge with Noble
Danish offshore drilling contractor Maersk Drilling has entered into a definitive agreement to combine with Noble Corporation in a primarily all-stock transaction.
Aberdeen City invests $20.3 m in hydrogen hub
Aberdeen City Council has invested $20.3 million (£15million) to accelerate delivery of its hydrogen hub and reinforce efforts to build a hydrogen economy in this Scottish port city.
Baker Hughes and Shell unite to speed up global energy transition
Baker Hughes and Shell have joined forces to speed up the energy transition and reach net-zero carbon emission goals.
First Subsea opens dedicated CPS production facility
First Subsea has opened a dedicated production facility for cable protection systems (CPSs) in Lancaster, UK, in order to meet the demand from the offshore wind market.
Maersk, Vestas team up on all containerised transport
Danish shipping company A.P. Moller – Maersk and its compatriot wind turbines manufacturer Vestas have formed a long-term strategic partnership for all containerised transport.
CGG seismic data to back Northern Lights JV’s CO2 storage projects
CGG has licensed its high-end Northern Viking Graben multi-client seismic data set in the Northern North Sea to Northern Lights JV DA, for use in its ongoing and future CO2 storage developments.
d’Amico continues offloading MR tanker oldies to keep fleet young
d’Amico Tankers, operating subsidiary of Italian marine transportation company d’Amico International Shipping (DIS), has signed a memorandum of agreement for the sale of one of its oldest MR vessels to make place for eco ships in its fleet.
Subsea cables account for over 50 pct of total claims spend in offshore wind – GCube Insurance
Combined market losses in offshore wind grew from GBP 124 million (around EUR 145 million) in 2010-2015 to GBP 500 million (around EUR 585 million) by 2020, with the average insurance claim nearly doubling from GBP 1.67 million (around EUR 2 million) to GBP 3.08 million (around EUR 3.6 million) in t