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Business & Finance

TotalEnergies’ profit hit by downturn in oil & gas prices but multi-energy model saves the day

TotalEnergies has disclosed strong results for the second quarter and first half of 2023, thanks to its multi-energy strategy.

about 3 years ago

Ireland plans interconnector expansion to EU and UK, aiming to become renewable energy exporter

Business & Finance

Ireland plans interconnector expansion to EU and UK, aims to become renewable energy exporter

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The Irish government has approved a new policy statement on electricity interconnections which will see Ireland explore new interconnection opportunities with Spain, Belgium, and the Netherlands, as well as further connections to Great Britain and France. The National Policy Statement on Electricity

about 3 years ago

Business & Finance

EC approves Germany’s €40M support measure for Brunsbüttel LNG terminal

The European Commission (EC) has approved a €40 million German support measure for the construction and operation of a new land-based LNG terminal in Brunsbüttel which will replace the FSRU currently operating at the site. The terminal with an annual capacity of 10 billion cubic meters will comprise

about 3 years ago

Business & Finance

Four contenders join the race for HMM’s privatization

Four bidders have thrown their hats in the ring for the privatization of HMM, Korea’s largest shipping company, as the government seeks to divest a controlling stake valued at 5 trillion won ($3.9 billion). After receiving the Investment Memorandum (IM), SM Group, LX Holdings, Dongwon Group, and Har

about 3 years ago

Illustration/Oneka Technologies' wave energy-drive desalination platform (Courtesy of Oneka Technologies)

Business & Finance

US Department of Energy backs 7 marine energy projects with nearly $10 million

The US Department of Energy (DOE) has invested nearly $10 million in seven innovative projects that will accelerate development and testing of marine energy technologies.

about 3 years ago

Business & Finance

Fugro delivers on mid-term targets with offshore wind activities leading the way

Fugro has reported a revenue of over €1 billion for the first half of 2023, representing a 24.1% growth from €833 million in the first half of 2022, said to be due to continued high client demand in energy markets, in particular for offshore wind site characterization solutions and related nearshore

about 3 years ago

Business & Finance

North Adriatic Hydrogen Valley project set to kick off in September 2023

The North Adriatic Hydrogen Valley (NAHV) project, a transnational project by Slovenia, Croatia and the Italian Region of Friuli Venezia Giulia, has received the official green light for its implementation as of 1 September 2023. Last week, Holding Slovenske Elektrarne (HSE), the leading partner in

about 3 years ago

Business & Finance

China’s first methanol bunkering ship gets green light

CCS Wuhan Rules & Research Institute, a key institute directly under the China Classification Society, has granted an Approval in Principle (AiP) certificate to Zhejiang Seahead Ship Design and Research Institute Co. for China’s first methanol-fueled bunkering ship. The methanol-fueled bunkering shi

about 3 years ago

Business & Finance

With hydrocarbons present, results of North Sea well found to be ‘encouraging’

Ithaca Energy has revealed more information about the results of its exploration drilling at the K2 prospect, located in the North Sea.

about 3 years ago

Business & Finance

Flagship Founders and Signal team up on maritime start-ups

Greece’s Signal Group has joined forces with German venture studio Flagship Founders to jointly develop new technology start-ups.

about 3 years ago

Business & Finance

SunGas to invest $2 bln in green methanol plant to power Maersk’s ships

SunGas Renewables, a Texas-based spin-out of GTI Energy, is forming a new subsidiary named Beaver Lake Renewable Energy (BLRE), which will construct a new green methanol production facility in Central Louisiana. The facility is expected to produce nearly 400,000 metric tons of green methanol per yea

about 3 years ago

Business & Finance

SLB and Eni in alliance for pipeline integrity monitoring and analysis

SLB and Eni, through its subsidiary Enivibes, have established an alliance for the deployment of a vibroacoustic wave detection system said to be capable of providing real-time analysis, monitoring and leak detection for pipelines around the world. The alliance covers the deployment of e-vpms (Eni V

about 3 years ago

Pioneering Spirit's DP3 and DP4 jackets removal campaign; Source: Allseas

Business & Finance

Gallery: Allseas’ giant vessel removes two Morecambe Bay jackets in less than two days

Allseas has completed the two jackets removal campaign for Spirit Energy’s Morecambe Bay development in the East Irish Sea, using its heavy lift vessel Pioneering Spirit.

about 3 years ago

Business & Finance

There is NO time for antagonism among marine fuel proponents

As the world witnesses the devastating impact of climate change through catastrophic events like wildfires engulfing the Greek island of Rhodes and northern Algeria, and the occurrence of giant supercells in Italy, the need for urgent and sustainable solutions within the energy industry, the maritim

about 3 years ago