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Business & Finance

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Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

If UK bans new oil & gas exploration licences, what energy games are left to be played?

Is the saga about the Labour Party’s plans for the UK’s oil and gas industry reaching a softer stance while plans for renewables remain firm?

about 3 years ago
Canada
Business & Finance

Canada positioned to be a maritime decarbonization trailblazer, study reveals

Canada could reap numerous benefits from investing in infrastructure that would enable the uptake of low and zero emissions shipping fuels, according to a new study from global sustainable development consultancy Arup carried out in partnership with Lloyd’s Register (LR) Maritime Decarbonisation Hub

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about 3 years ago
South Africa, Netherlands and Denmark team up on $1bln green hydrogen fund
Business & Finance

South Africa, Netherlands and Denmark team up on $1bln green hydrogen fund

Governments of South Africa, the Netherlands and Denmark have concluded a Heads of Agreement (HoA) with the intention to launch a new SA-H2 Fund, an innovative blended finance fund that will facilitate and accelerate the development of a green hydrogen sector and circular economy in South Africa. Th

about 3 years ago
Navigator Holdings to strengthen business in North America
Business & Finance

Navigator Holdings joins hands with Bumi Armada on CO2 shipping and injection JV

Gas carrier owner and operator Navigator Holdings has signed a non-binding memorandum of understanding with Bumi Armada Berhad, one of the world’s largest floating infrastructure operators, to establish a joint venture company to provide CO2 shipping and injection solutions in the United Kingdom. Th

about 3 years ago
Cheniere signs long-term LNG supply deal with Equinor
Business & Finance

Cheniere signs long-term LNG supply deal with Equinor

Cheniere Marketing, a subsidiary of LNG producer and exporter Cheniere Energy, has entered into a long-term LNG sale and purchase agreement (SPA) with energy major Equinor ASA. Under the SPA, Equinor has agreed to purchase approximately 1.75 million tons per annum (mtpa) of LNG from Cheniere Marketi

about 3 years ago
NKT wraps up first in-house TOV testing of HVDC cable systems
Business & Finance

NKT wraps up first in-house TOV testing of HVDC cable systems

Denmark-based NKT has completed the first in-house temporary overvoltage (TOV) test sequence of high-voltage DC cable systems, said to represent an important technical milestone that increases the reliability of cable systems needed for the green transition. NKT reported on 21 June that it had execu

about 3 years ago
Donsötank
Business & Finance

Donsötank books two more LNG-fuelled chemical tankers at Wuhu Shipyard

Swedish tanker shipping company Donsötank has placed an order for two newbuildings dual-fuel 22,500 dwt oil and chemical tankers with Wuhu Shipyard based in China. The vessels are scheduled for delivery in the second and fourth quarters of 2025. “As we navigate the path towards the future of shippin

about 3 years ago
West Vencedor semi-submersible self-erecting tender assisted drilling rig; Source: Edrill
Business & Finance

Three Seadrill rigs joining Singapore player’s fleet

Edrill is expanding its rig fleet thanks to a deal with Seadrill, which will enable it to buy three tender-assist drilling units.

about 3 years ago
Neptun Deep - offshore platform simulation; Credit: OMV Petrom
Business & Finance

$4.4 billion investment on the cards for ‘largest natural gas project’ in Romania’s Black Sea

OMV Petrom and Romgaz have made a final investment decision for a giant deepwater natural gas project in the Black Sea.

about 3 years ago
A photo of TotalEnergies stand at Offshore Energy Exhibition & Conference 2022
Business & Finance

TotalEnergies joins Offshore Energy Exhibition & Conference for the second year in a row

TotalEnergies has confirmed its participation in Offshore Energy Exhibition & Conference 2023 (OEEC 2023), to be held this November in Amsterdam, the Netherlands. The energy giant is now a returning exhibitor and sponsor at OEEC, after having been part of OEEC 2022. The company will join this year’s

about 3 years ago
ESL Shipping Electramar
Business & Finance

AtoB@C Shipping’s first hybrid vessel hits the water in India

India’s Chowgule Shipyard has launched Electramar, the first unit in the series of twelve energy-efficient plug-in hybrid vessels ordered by AtoB@C Shipping, a subsidiary of Finnish dry bulk shipping company ESL Shipping. “The launching of a vessel is always a special moment in shipbuilding and we a

about 3 years ago
Hercules rig; Source: Odfjell Drilling
Business & Finance

Semi-sub rig on its way to Canada for its drilling assignment with ExxonMobil

A semi-submersible rig, owned by SFL Corporation (SFL) and managed by Odfjell Drilling, has embarked on its journey to Canada, where it will start its new contract with ExxonMobil, a U.S.-based energy giant.

about 3 years ago
BV AIP
Business & Finance

Qiyao Enviro’s onboard carbon capture tech validated on Wan Kwong’s ships

Wah Kwong Maritime Transport Holdings, a Hong Kong shipowner, and Qiyao Environmental Technology (Qiyao Environ Tec), a subsidiary of Shanghai Marine Diesel Engine Research Institute, have secured an approval in principle from Bureau Veritas (BV) for a carbon capture and storage (CCS) project onboar

about 3 years ago
Valaris 249 jack-up rig on board Boskalis' Blue Marlin semi-submersible heavy transport vessel; Source: Valaris
Business & Finance

Valaris jack-up rig comes to Trinidad to embark on its new drilling gig

Valaris has confirmed the arrival of one of its heavy-duty ultra-harsh environment jack-up rigs in Trinidad.

about 3 years ago