Business & Finance
Carnegie cuts debt and directs funding to progress CETO wave technology
Carnegie Clean Energy has substantially reduced its debt following the conversion of Au$1.75 million (€1.1 million) of convertible notes into shares and unlisted options, making the existing company’s funds sufficient to complete the CETO technology pathway.
Greenpeace activists land on bank HQ in fossil fuels protest
Greenpeace activists have staged a protest at the headquarters of the European Central Bank (ECB) in Frankfurt due to its support of fossil fuels companies.
Hagen joins Aker Solutions to drive sustainability
Norwegian engineering firm Aker Solutions has appointed Marianne Hagen as executive vice president for sustainability and communications. Hagen succeeds Tove Røskaft, who takes up new role as chief of staff and business excellence at Aker Offshore Wind. She will be part of the executive management t
GE to build new factory for 107-metre offshore wind turbine blades
GE Renewable Energy plans to open a new factory in Teesside in the North East of England, where it will manufacture 107-metre-long blades for the Haliade-X offshore wind turbine. The new manufacturing plant, which will be set up and operated by GE-owned LM Wind Power, is planned to be opened in 2023
Maersk Product Tankers on track to cut CO2 emissions by 30% by 2021
Danish tanker owner Maersk Product Tankers has cut its CO2 emissions by 3.3 percent in 2020 with the help of its proprietary digital and technical solutions. The latest decrease gives a total reduction of 28.7 per cent between 2008 and 2020 as measured on the Energy Efficiency Operational Indicator,
Former BHP CEO named new chair at Shell
Shell is making several board changes with the appointment of a former BHP CEO as its new chair as well as the addition of a new non-executive director.
Petrodec reactivates decades-old jack-up rig for decommissioning jobs
Petrodec has reactivated Haeva jack-up rig to DNV standards and the unit is now reporting for duty as the company’s second decommissioning vessel.
Ørsted, Aker Carbon Capture, Microsoft collab mulls use of Northern Lights
Aker Carbon Capture, Danish offshore wind giant Ørsted, and global technology colossus Microsoft teamed up in a project to capture emissions from biomass power plants and store them using the Northern Lights project.
Industry calls for adoption of ‘moon-shot’ $5 billion R&D fund
Governments controlling a major share of the world’s shipping tonnage submitted today the proposal to the UN International Maritime Organization (IMO) to establish a $5 billion Maritime Research Fund. The fund would be formed by using mandatory contributions from the world’s shipping companies. The
Rystad reveals hardest-hit countries as Covid-19 took its toll on oil and gas jobs
The Covid-19 pandemic not only devastated oil demand in 2020 but also forced the global oil and gas industry to severely downsize its staffing levels.
CWind’s Endeavour changes hands
CWind has completed the sale of its crew transfer vessel (CTV) Endeavour to Wood Marine, a port services operator based in Suffolk. The sale of the 18.5m catamaran is said to be part of CWind’s strategic plan to remodel its CTV fleet and enables the company to pursue new vessels. To remind, CWind ha
Crete – Attica subsea power link gets €200M EIB boost
Subsea power interconnection project between the island of Crete and mainland Greece (Attica region) has secured a €200 million loan from the European Investment Bank (EIB). IPTO’s Ariadne Interconnection signed the new loan deal, which comes with an option of extending the funding by additional €10
Atlas Professionals working with Ørsted in Germany
Atlas Professionals has secured a frame agreement with Ørsted to provide temporary personnel services for the offshore wind developer in Germany. The agreement commenced on 1 March and will cover the provision of qualified personnel during the full life cycle of Ørsted’s offshore wind farms in Germa
Global offshore wind O&M market to reach € 10 billion by 2029
The global offshore wind operations and maintenance (O&M) market is expected to grow 16 per cent annually and reach € 10 billion by 2029. Europe will remain the biggest O&M market by region, while China will become the biggest single market in terms of national markets. This is according to the late