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Business & Finance

Taiwan’s first offshore power cable factory inaugurated (Gallery)

A joint venture (JV) between Danish power cable manufacturer and installation firm NKT and Taiwanese cable company Walsin Lihwa has inaugurated Taiwan’s first offshore power cable factory. Operated by the JV Walsin Energy Cable System (WECS), the factory was inaugurated on Saturday, December 6, in K

about 10 months ago

Business & Finance

Round-up: New oil & gas discoveries take center stage as LNG momentum grows

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As the offshore energy sector sees advancements in exploration, infrastructure expansion, LNG diversification, and carbon management initiatives, new discoveries in Norway reinforce the ongoing oil and gas dominance. International players, such as Shell, Equinor, Chevron, and Petrobras are reshaping

about 10 months ago

Deepsea Atlantic rig; Source: Odfjell Drilling

Business & Finance

Double win for Equinor in North Sea as two gas and condensate discoveries spring up

Norway’s state-owned oil and gas giant Equinor has made two new discoveries of gas and condensate in the Sleipner area of the Norwegian sector of the North Sea, which it describes as its largest finds so far this year. The company claims that these discoveries can be developed for the European marke

about 10 months ago

Greensand project artist rendering; Source Aker Carbon Capture

Business & Finance

Denmark pushes back bid submission deadline for piece of $4.59 billion carbon capture and storage pie

The Danish Energy Agency has postponed the deadline for its carbon capture and storage (CCS) tendering procedure, which enables interested companies to get a slice of the DKK 28.7 billion ($4.59 billion) funding cake earmarked to lend Denmark a helping hand in achieving its climate neutrality vision

about 10 months ago

Business & Finance

TGS scores first OBN gig for 2026 in European waters

Norwegian energy data and intelligence company TGS has opened the contracting season in Europe for next year with an ocean bottom node (OBN) survey deal.

about 10 months ago

FPSO Norne; Credit: Gudmund Nymoen/Equinor

Business & Finance

28-year-old FPSO secures life extension beyond 2030 as oil flows from subsea tie-back

Norwegian state-owned energy giant Equinor has prolonged the lifespan of a floating production, storage, and offloading (FPSO) unit by expanding its active duty past 2030 with a subsea template tied back to the vessel via a new tubing off the coast of Norway.

about 10 months ago

Business & Finance

Fresh oil discovery in Barents Sea comes to light

Vår Energi, an independent upstream oil and gas company on the Norwegian Continental Shelf (NCS), has made a new oil discovery off the coast of Norway, with a semi-submersible rig owned by COSL Drilling Europe.

about 10 months ago

Business & Finance

EU endorses 235 cross-border energy projects to scale up electricity, hydrogen, and CO2 infrastructure

As investment needs are anticipated to hover around €1.5 trillion by 2040, the European Commission (EC) has adopted a new list of 235 cross-border energy projects, granting them the status of projects of common interest (PCIs) and projects of mutual interest (PMIs).

about 10 months ago

CO2 Collection Terminal; Source: Höegh Evi

Business & Finance

Trio pools resources to forge CO2 logistics hub for carbon dioxide transport chain

Three players in the offshore energy and maritime spheres – Höegh Evi, Aker BP, and Ports of Stockholm – have joined forces to bring to life a CO2 logistics hub and enable an efficient and sustainable transport chain for carbon dioxide from industrial emitters in eastern Sweden.

about 10 months ago

Business & Finance

FPSO hull design obtains ABS’ seal of approval

The American Bureau of Shipping (ABS), a classification society, has bestowed an approval in principle (AiP) to Finland’s marine engineering player Deltamarin and China Merchants Heavy Industry (CMHI) for a new versatile floating production, storage, and offloading (FPSO) hull design.

about 10 months ago

CGEN Engineering tests its tidal energy generator at META; Courtesy of META

Business & Finance

WATCH: Next-gen tidal energy generator undergoes trials at UK’s META

CGEN Engineering, a spinout company from the University of Edinburgh, has put its fully marinised, next-generation modular electrical generator for tidal energy devices to the test over the past few months at a test site of the Marine Energy Test Area (META) in the Cleddau Estuary.

about 10 months ago

Business & Finance

Northern Lights’ liquefied CO2 carrier arsenal grows as third vessel joins its fleet

China’s Dalian Shipbuilding Industry (DSIC), part of China State Shipbuilding Corporation (CSSC), has delivered a new liquefied carbon dioxide (LCO2) carrier to Northern Lights, a joint venture (JV) encompassing three European oil majors: Shell, Equinor, and TotalEnergies.

about 10 months ago

Illustration; Source: North Sea Transition Authority (NSTA)

Business & Finance

13 UK operators fall behind on their decom duty with 153 wells in arrears

Great Britain’s regulator, the North Sea Transition Authority (NSTA), has signaled its readiness to tackle the decommissioning deficit on the UK Continental Shelf (UKCS) by revealing the names of operators that are lagging behind their peers in the decommissioning department.

about 10 months ago

Auramarine's advanced fuel supply systems will be delivered for three new RoPax vessels ordered by Finnlines; Source: Auramarine

Business & Finance

Finnlines RoPax vessel trio to sport Auramarine methanol fuel supply systems

Auramarine, Finland’s fuel supply systems provider, has been tasked with providing a methanol fuel supply system (FSS) for three new Hansa Superclass roll-on/roll-off passenger (RoPax) vessels ordered by Finnlines, a compatriot shipping player.

about 10 months ago