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Business & Finance

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CSSC BASF
Business & Finance

BASF joins forces with CSSC on onboard carbon capture tech

CSSC Power Co., a wholly-owned subsidiary of the China State Shipbuilding Corporation (CSSC), and the world’s largest chemical producer BASF have teamed up on expediting the progress of onboard carbon capture (CO2 capture) systems for commercial maritime applications. The partnership is expected to

about 3 years ago
CIP buys stake in CWP’s green hydrogen development portfolio
Business & Finance

CIP buys stake in CWP’s green hydrogen development portfolio

Copenhagen Infrastructure Partners (CIP) has made a strategic investment in CWP Global’s development portfolio of ultra-large-scale green hydrogen hubs, including projects across Africa, Australia and the Americas. CWP Global, a developer of renewable energy, currently has a green hydrogen hub portf

about 3 years ago
Illustration; Source: Wood Mackenzie
Business & Finance

Golden Triangle and Mediterranean to spearhead rise in rig demand

Wood Mackenzie anticipates floating rig demand to skyrocket by a further 20 per cent over the next two years.

about 3 years ago
New subsea link in Greece goes into full operation
Business & Finance

New subsea link in Greece goes into full operation

Greek electricity grid operator Independent Power Transmission Operator (IPTO) has put the Western Corridor, part of the Peloponnese interconnection, into full operation. The Western Corridor includes the electricity transmission line connecting Megalopoli with Patras and Western Central Greece, con

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

Equinor gets the all-clear signal for North Sea drilling ops

Equinor has received consent from Norway’s regulator for exploration drilling in the North Sea, using one of Odfjell Drilling’s rigs.

about 3 years ago
Raymond Alcorn, CEO and founder of Exceedence (Courtesy of Exceedence)
Business & Finance

Exceedence announces crowdfunding campaign

Irish fintech company Exceedence, which has developed a software to speed up the rollout of offshore wind, wave and tidal energy projects, has unveiled plans to launch a crowdfunding campaign on Seedrs platform.

about 3 years ago
Brunei LNG; Source: Mitsubishi Corporation
Business & Finance

First LNG project in Western Pacific goes offline as black smoke billows out

An investigation has been launched after black smoke and flaring were seen coming from the liquefied natural gas (LNG) plant in Brunei.

about 3 years ago
Weatherford
Business & Finance

Saudi oil & gas giant taps Weatherford for drilling services

Weatherford International has secured a long-term contract with Saudi Arabia’s Aramco for the provision of drilling services.

about 3 years ago
Hyundai Vietnam Shipbuilding
Business & Finance

Hyundai Vietnam Shipbuilding pens deal for product carrier pair

Hyundai Vietnam Shipbuilding, a subsidiary of HD Hyundai’s shipbuilding division, has secured orders for two product carriers from an undisclosed African-based shipping company, marking a total of 199 vessels ordered in the shipbuilding business since its inception 15 years ago. The company was esta

about 3 years ago
Equinor gives go-ahead to Aker Solutions for North Sea field development
Business & Finance

Aker Solutions set to begin preparatory work for Equinor’s subsea tie-back project

Norway’s state-owned energy giant Equinor has awarded Aker Solutions with a Letter of Award (LOA) to provide the subsea production system and control umbilical for its North Sea field development. The scope of work includes a complete subsea production system including two vertical subsea trees, one

about 3 years ago
First UK-Norway interconnector back in full capacity following repairs
Business & Finance

First UK-Norway interconnector back in full capacity following repairs

The 1,400 MW North Sea Link (NSL) that connects the UK and Norway is set to return to full operations today, 13 June, following the repair of a technical fault which saw the project operating at half capacity. Norway’s Statnett reported on 8 June that a fault caused the unavailability of the NSL int

about 3 years ago
EU
Business & Finance

European Hydrogen Bank linked with Germany’s H2Global scheme to support hydrogen ramp-up

The European Hydrogen Bank, an initiative by the European Commission to facilitate both renewable hydrogen production within the EU and imports, has been linked with Germany’s H2Global support scheme to enhance global hydrogen ramp-up. European Commissioner for Energy Kadri Simson and German Federal

about 3 years ago
Ofon phase 2 complex in OML 102; Source: TotalEnergies
Business & Finance

TotalEnergies’ fresh oil & gas discovery opens doors for new tie-back off Nigeria

TotalEnergies has made a new oil and gas discovery in a shallow water block offshore Nigeria, which puts a tie-back to the existing infrastructure on the table.

about 3 years ago
Blythe platform; Source: IOG
Business & Finance

UK enriches its gas arsenal as another North Sea well comes online

IOG has brought on stream another well, as part of the Saturn Banks Project – Phase 1 in the Southern North Sea.

about 3 years ago
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