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Business & Finance

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Illustration; Source: APPEA
Business & Finance

More gas ‘critical’ for Australia’s energy security while CCS fortifies its net-zero role

A new report from the Australian Energy Market Operator (AEMO) puts emphasis on the need for new gas supply as potential blackouts loom on the horizon.

about 3 years ago
nkt
Business & Finance

Danish power cable company secures long-term copper supplies

Denmark-headquartered NKT has signed a long-term contract with a European company for the supply of copper rod that will be used for cables destined for offshore wind projects. To secure the supply of copper for its production of power cables, NKT signed an agreement with Polish copper supplier KGHM

about 3 years ago
Petroleum Safety Authority Norway (PSA)
Business & Finance

Norwegian regulator rebranding to reflect existing and emerging offshore industries

Norwegian offshore safety regulator, the Petroleum Safety Authority Norway (PSA), is changing its name to the Norwegian Ocean Industry Safety Authority (Noisa).

about 3 years ago
Energinet picks MacArtney for Viking Link spare cable storage
Business & Finance

Energinet picks Viking Link spare cable storage provider

Danish national transmission system operator (TSO) Energinet has appointed MacArtney Offshore Wind Solutions to provide the storage and handling system for spare cable for the Viking Link that will connect Denmark and Great Britain. Energinet entrusted MacArtney with supplying a comprehensive storag

about 3 years ago
Deep Value Driller drillship; Source: Deep Value Driller
Business & Finance

With reactivation out of the way, Saipem takes delivery of drillship destined for ops off Africa

Saipem has taken delivery of a recently chartered seventh-generation drillship, which is destined to work for Eni off Ivory Coast.

about 3 years ago
Econowind bankrolled by NOM, Horizon Flevoland
Business & Finance

Econowind bankrolled by NOM, Horizon Flevoland

Dutch developer of wind-assisted propulsion systems Econowind revealed that the Investment and Development Agency for the Northern Netherlands NOM and Horizon Flevoland are investing in the company to help it scale up production. With this support, Econowind expects to produce one VentoFoil, a verti

about 3 years ago
Boyko towers; Source: Ukraine’s military intelligence authorities
Business & Finance

WATCH: Ukraine seizes control over Black Sea oil & gas drilling platforms from Russia

Following a military operation, Ukraine has brought back into its fold platforms in the Black Sea off the coast of Crimea.

about 3 years ago
Gorgon project; Source: Chevron
Business & Finance

Strike action in full swing at Chevron’s Australian LNG facilities

Workers at three of Chevron’s LNG projects embarked on Protected Industrial Action, taking part in rolling stoppages, bans, and limitations.

about 3 years ago
QED Naval’s SubHub platform being towed to site in Langstone Harbour (Courtesy of QED Naval)
Business & Finance

MOR Energy and Magallanes Renovables applaud UK’s tidal energy boost

“It’s official, the tidal stream energy market has taken off with 11 companies awarded the contracts for difference,” said Mor Energy, a QED Naval subsidiary company, which has been supported in the latest UK renewables auction round along with Spanish-based Magallanes Renovables which also welcomed

about 3 years ago
Illustration; Source: Transocean
Business & Finance

US offshore rig count gets a slight boost

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States was on the rise last week.

about 3 years ago
IMO
Business & Finance

UMAS: IMO’s 2030 and 2040 targets are ‘very close’ to 1.5°C pathway and spell the end of fossil-fuelled shipping

A recent analysis by UK-based maritime consultancy UMAS has shed light on the alignment of the Revised IMO GHG Strategy with science-based targets, which will require a strong and rapid response from national and regional governments as well as corporations alike. Failure to do so could relegate the

about 3 years ago
FSRU Independence takeover advances, KN selects unit’s technical operator
Business & Finance

FSRU Independence takeover advances, KN selects unit’s technical operator

Lithuanian liquefied natural gas (LNG) terminal operator Klaipedos Nafta (KN) has announced that Norwegian capital company Hoegh LNG Klaipėda will serve as a technical operator for the floating storage and regasification unit (FSRU) Independence of the Klaipėda terminal for a minimum of five years.

about 3 years ago
Proteus multi-use oceanographic research vessel; Source: TDI-Brooks
Business & Finance

TDI-Brooks wraps up deepwater geotechnical gig in Black Sea

TDI-Brooks has completed phase four of a deepwater, geotechnical coring and CPT project for DenAr Ocean Engineering.

about 3 years ago
Castoro 10 pipelay barge will carry out offshore operations for this FSRU project; Source: Saipem
Business & Finance

After Saipem, Rosetti Marino confirms work on new FSRU project off Italy

Rosetti Marino has been hired by Snam Rete Gas for work on the facilities for a FSRU to be developed for deployment in the Adriatic Sea.

about 3 years ago
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