Business & Finance
UK’s OGA orders zero routine flaring & venting for all by 2030 latest
UK’s Oil and Gas Authority has issued an updated guidance on flaring and venting, which sets out a tougher approach to driving reductions.
Solstad Offshore gets rid of third PSV in two months
Norwegian shipowner Solstad Offshore has sold one of its platform supply vessels (PSV), making it the third vessel sale in two months.
Ocean energy industry delivers ‘how-to’ guide for reaching Europe’s 100MW by 2025 target
Ocean Energy Europe has presented the European Commission with a study that outlines the financial, technical and regulatory aspects of 17 wave and tidal projects that could hit the waters by the end of 2025, with recommendations for action at the EU level to ensure their delivery.
Safe Bulkers refinances fleet of 8 vessels
Monaco-based bulker owner Safe Bulkers has entered into a credit facility of $70 million with a five-year tenor.
Waves4Power, EnergyTwo to combine wave power and clean charging solutions
Swedish company Waves4Power has formed a strategic alliance with U.S.-based clean charging technology developer EnergyTwo to harness solar, wave power and energy storage to meet the increased demand for electrification and on-site charging for clean electric machines.
Maintenance finalised at largest oil & gas platform of Sakhalin-2 project
Sakhalin Energy has completed the planned shutdown at the largest oil and gas production platform of the Sakhalin-2 project in Russia.
Höegh considers listing as it sets sights on up to 12 ammonia-ready ships
Norwegian RoRo shipping company Höegh Autoliners is considering a potential listing as it scales up green vessel investment plans as part of its decarbonization efforts. Namely, Höegh intends to invest in up to 12 Aurora class multi-fuel and ammonia ready vessels designed with a 9,100 car equivalent
TAQA hands in decom plan for Cormorant Alpha topsides
Oil and gas company TAQA has filed its decommissioning programme for the Cormorant Alpha platform topsides to the UK authorities.
Navigating a path to net-zero
Expertise and experience will be crucial as industry gears up to meet the challenges of the post-COP26 economy, writes Ian Thomas, Principal Consultant at Vysus Group.
German airport operator in talks over offshore wind PPA
A German airport operator has closed a tender call looking to procure electricity produced by offshore wind turbines in the country. While the latest tender notice shows that the procedure ended without an awarded contract, a recent update from the company said that the award procedure was in progre
MPS exceeds crowdfunding goal as campaign opens for public
Welsh marine energy developer Marine Power Systems (MPS) has reached over its £2 million crowdfunding target in an ongoing campaign that just opened for the general public.
Vaalco names new chief financial officer
Houston-based oil and gas company Vaalco Energy has appointed a new chief financial officer (CFO), effective 21 June 2021.
Siem Offshore sheds two anchor handlers
Offshore vessel owner Siem Offshore has sold two of its anchor handling tug and supply (AHTS) vessels to an undisclosed buyer.
Aker BP extends deal for Eidesvik platform supplier
Norwegian oil company Aker BP has awarded a 100-day contract to compatriot shipping company Eidesvik Offshore for one of its platform supply vessels.