Business & Finance
Liquid Wind secures €4M for eFuel
Swedish power-to-fuel developer Liquid Wind has raised €4 million ($4.9) in equity investment for the development of eMethanol production facility.
Ulstein design for new Korean seismic research vessel
Ulstein has designed a new seismic research vessel for the Korea Institute of Geoscience and Mineral Resources (KIGAM). The 92-meter long and 21-meter wide vessel will be constructed at Hanjin Heavy Industries & Construction in South Korea. According to Ulstein, the SX134 design research vessel will
Equinor bites dust in Barents Sea well
Oil and gas giant Equinor has concluded the drilling of a wildcat well in the Barents Sea, but the well is dry.
New Vår Energi CEO formally takes over
The chief executive officer (CEO) role of oil and gas company Vår Energi has been formally taken over by Torger Rød, following the announcement of his appointment at the start of 2021.
OKEA to develop gas discovery as first Draugen tie-back
OKEA, Petoro, and Neptune Energy Norge have made the decision to develop the Hasselmus gas discovery as a subsea tie-back to Draugen.
Three60 Energy fills several senior roles
Energy services group Three60 Energy has made a series of senior appointments, hiring leading people from a who’s who of energy or energy services companies.
Finnish region planning 6 GW offshore wind Power-to-X project
The Finnish government has submitted its National Recovery Plan to the European Commission, allocating € 318.7 million to support clean energy and energy infrastructure developments, including a 6 GW offshore wind farm that will incorporate a Power-to-X solution. Finland plans to support offshore wi
Borr upbeat about market amid strong tendering and contracting activity
Borr Drilling is optimistic and encouraged by signs of shallow water rig market recovery amid strong tendering and contracting activity.
ZeroLab, Good Shipping turn to insetting to speed up decarbonization
ZeroLab, Torvald Klaveness’ subsidiary dedicated to the decarbonization of seaborne supply chains, has partnered with Dutch company GoodShipping, to offer all charterers the opportunity to compensate for their shipping-related emissions through insetting.
ESB and dCarbonX team up for green hydrogen subsea storage
ESB and dCarbonX have signed a memorandum of understanding for the joint assessment and development of Irish offshore green hydrogen subsurface storage.
Green light for Archer to close DeepWell takeover
Oilfield services provider Archer has received approval from a competition regulator in Norway for the acquisition of DeepWell.
Dutch EWA appoints new board with focus on offshore renewables
The Dutch Energy from Water Association (EWA), an industry group promoting renewable energy generation from water in the Netherlands, has announced the appointment of a new board.
Maersk CEO: Business is ahead of govts on decarbonization agenda
There needs to be a greater sense of urgency among global governments in relation to the adoption of policies that would accelerate decarbonization in the shipping sector, the head of the world’s largest container shipping company believes. “Business is ahead of governments on this agenda,” Soren Sk
Fate of two delayed ex-Seadrill drillships still uncertain but owner sees improvement in deepwater market
Northern Drilling has no rigs in operation but it does have two new 7th generation ultra-deepwater drillships whose fate is still uncertain.