Business & Finance
Fincantieri, Faist JV to produce lithium-ion batteries
Italian shipbuilding major Fincantieri SI and Faist Group company specialized in the development and supply of complete energy storage systems, Faist Electronics have founded Power4Future, a joint venture dedicated to the production of lithium-ion batteries.
Total positions for energy transition and becomes TotalEnergies
French energy major Total has moved forward with its transformation plans into a broad energy company and changed its name.
HydroQuest to develop 17.5MW tidal energy farm at Raz Blanchard
French marine energy company HydroQuest has unveiled plans to develop a 17.5MW tidal energy farm at Raz Blanchard site, located off Normandy in France, following the takeover of the concession for the site from its former operator EDF Renewables.
Equinor and Aker BP get drilling permits for Norwegian wells
The Norwegian Petroleum Directorate has granted Aker BP and Equinor drilling permits for their wells in the Barents Sea and the Norwegian Sea.
Frontline turns to DNV to help decarbonize its fleet
Tanker owner and operator Frontline has appointed classification society DNV to assist the company through its decarbonization journey towards IMO 2030- 2050. The project, launched last year, is aimed at providing Frontline with a solid understanding of its options, and the ways of further optimizin
TAQA kicks off one of largest decommissioning projects in North Sea
TAQA has started the first major asset removal project and one of the largest topside removal projects of its kind in the North Sea.
BIMCO: Shipbuilding orders jump by 119.7% YoY amid record containership demand
Total shipbuilding orders in the first five months of this year have increased by 119.7% compared with the same period in 2020, BIMCO’s data shows. The massive rebound in ordering has been driven by record high containership contracting, as investors in this segment find themselves flush with cash.
BP, Baker Hughes, and Odfjell Drilling in pact to maximise Clair performance
BP, Baker Hughes, and Odfjell Drilling have entered into a tripartite agreement to work together to transform activity at the Clair field.
Maersk Supply orders hybrid battery for AHTS in push to decarbonise fleet
Maersk Supply Service has ordered a battery pack for one of its M-class vessels as part of its target to reduce carbon intensity of its fleet.
Repsol and Yme partners to buy Maersk Drilling jack-up
Maersk Drilling has made plans to sell one of its jack-up rigs to Havila, which will, in turn, lease and later sell the rig to the Yme field partners.
MPS unveils crowdfunding campaign plans
Marine Power Systems (MPS) has opened pre-registration for early access to a crowdfunding campaign run by equity investment experts Crowdcube, with the public campaign due to go live in June.
Italian player to work on one of the largest fields in the world
Italian company has signed a five-year framework agreement with the NCOC for operations on Kashagan, one of the largest fields in the world.
CGG and Geoptic pen carbon capture and storage monitoring R&D deal
CGG has signed an R&D collaboration agreement with Geoptic to research and assess a novel borehole solution for monitoring the spread of CO2 in subsurface storage sites for carbon capture and storage (CCS). The collaboration is focused on delivering a new continuous long-term subsurface monitoring s
New agreement to speed up carbon capture and storage element of HyNet
Eni and Progressive Energy Limited have signed a framework agreement to further accelerate carbon capture & storage within the HyNet North West.