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Business & Finance

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McDermott details decommissioning win with Woodside
Business & Finance

McDermott details decommissioning win with Woodside

McDermott has revealed details about an offshore decommissioning contract it secured with Woodside Energy in May for work to be carried out in Western Australia. McDermott announced on 10 July that it had secured an engineering, procurement, and removal contract with the Australian energy giant for

about 3 years ago
Shipping’s EU ETS bill could reach over €8 billion in 2026, Hecla warns
Business & Finance

Shipping’s EU ETS bill could reach over €8 billion in 2026, Hecla warns

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Hecla Emissions Management, a company founded by Wilhelmsen Ship Management (WSM) and Affinity Shipping, has revealed its data that the maritime sector could be liable for €8.4 billion in 2026, taking into account the total ETS-applicable emissions.

about 3 years ago
MOPU Ingenium; Source: Valeura Energy
Business & Finance

After incident, oil field off Thailand goes into offline mode

Valeura Energy has temporarily halted production from an oil field project in the Gulf of Thailand until a full review has been carried out.

about 3 years ago
Belships
Business & Finance

V.Group takes over Belships’ fleet and ship management business

Global ship management and marine solutions provider V.Group has announced that it will acquire Belships’ fleet and ship management business Belships Management (Singapore).

about 3 years ago
FPSO Sendje Berge; Source: BW Offshore
Business & Finance

Another FPSO leaves BW Offshore’s fleet

BW Offshore has completed the sale of another floating, production, storage, and offloading (FPSO) vessel to an undisclosed buyer.

about 3 years ago
Israel plans submarine power cable to Europe, Egypt, Gulf countries
Business & Finance

Israel plans submarine power cable to Europe, Egypt, Gulf countries

Israel’s Energy and Infrastructure Ministry is planning to construct a 150-kilometer submarine cable along the country’s Mediterranean coast that will connect to Europe with the possibility to connect to Gulf countries. Israeli State Council for Planning and Construction announced on 4 July it will

about 3 years ago
TotalEnergies
Business & Finance

TotalEnergies and Sonatrach strengthen natural gas & LNG ties and add renewables to the mix

TotalEnergies and Algeria’s Sonatrach have inked a series of new deals to bolster their cooperation in more than one energy-related area.

about 3 years ago
HydroQuest's 1MW tidal energy turbine for Paimpol-Bréhat site (Courtesy of Ocean Energy Europe)
Business & Finance

France boosts tidal energy sector with €65M for FloWatt project

The government of France has committed to provide at least €65 million of funding and dedicated revenue support for the pioneering tidal energy farm FloWatt, in an effort to support the commercialization of tidal energy industry.

about 3 years ago
Oil Rocks infrastructure centre connecting other oil fields of Azerbaijan; Source: SOCAR
Business & Finance

First gas flows from TotalEnergies and SOCAR’s Caspian Sea field

TotalEnergies and its partner, SOCAR, have brought on stream a gas and condensate field in the Caspian Sea offshore Azerbaijan.

about 3 years ago
UK pledges $43 million for sustainable shipping
Business & Finance

UK pledges $43 million for sustainable shipping

The UK government has committed £34 million ($43 million) of funding, which is part of the Clean Maritime Demonstration Competition (CMDC), for new technologies that will help decarbonise shipping.

about 3 years ago
Pemex's Gulf of Mexico platform catches fire; Source: Lilly Téllez (Twitter)
Business & Finance

Fire at Gulf of Mexico platform leaves two dead, several injured and one missing

Mexico’s Pemex has disclosed that a fire at one of its platforms off the coast of Mexico resulted in two fatalities.

about 3 years ago
In focus: How international are decarbonization efforts?
Business & Finance

In focus: How international are decarbonization efforts?

In Europe, we have been seeing an increasing amount of climate change evidence that makes us reconsider our outfit choices every day and if (not) bringing an umbrella was the right thing. A not-so-snowy winter, no nice spring weather, a lot of summer rain in Southeastern and Central Europe, but very

about 3 years ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

New legal storm looms over the UK: Will it scrap its £11.6 billion climate pledge?

The plot thickens further with a leaked document about the UK’s alleged plans to scrap its £11.6 bln (close to $14.9 billion) climate pledge.

12 minutes read
Port of Esbjerg lines up EUR 780 Million investment in offshore wind turbine production facilities
Business & Finance

Port of Esbjerg lines up EUR 780 Million investment in offshore wind turbine production facilities

The Port of Esbjerg has entered into a cooperation agreement with PensionDanmark under which the port will receive DKK 5.8 billion (about EUR 779 million) for the construction of facilities for the production of offshore wind turbines. PensionDanmark has decided to invest up to DKK 7 billion (around

about 3 years ago