Business & Finance
Tentative deal on including shipping’s GHG emissions in EU ETS covers methane and N20
A preliminary agreement has been reached between the EU’s top three institutions to include greenhouse gas emissions from the maritime sector in the EU Emissions Trading System (ETS). The tentative deal was struck on Tuesday evening, and it leads to several milestones such as the inclusion of methan
Halliburton adds another well technology development to its arsenal
Halliburton has installed a downhole electro-hydraulic wet-connect in deepwater for Brazil’s giant Petrobras.
Jack-up rig spuds third well in Black Sea drilling campaign
Trillion Energy has started drilling the third well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
SHI teams up with Dassault to transform into a ‘smart yard’
South Korea’s shipbuilder Samsung Heavy Industries has signed a Memorandum of Understanding (MoU) with French software corporation Dassault Systèmes to create a “smart yard” based on new digital transformation technology. The smart yard is designed to optimize the shipyard operations’ scheduling and
Siem vessel lands deal ‘primarily’ outside North Sea
Norwegian shipping company Siem Offshore has secured a deal for one of its multi-purpose support vessel (MPSV) with an undisclosed client.
Equinor preparing to spud North Sea well
Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.
Riser issue for FPSO operating in North Sea sorted out a year after it arose
A production riser, which malfunctioned a year ago on an FPSO operating in the North Sea, has now been replaced.
UK needs £75bn for its shipping sector to transition to zero
Approximately £75bn ($89.9 bn) of investment over the coming three decades will be required for the UK’s domestic maritime sector to transition to net zero, a report produced by Marine Capital with the support of UMAS and Lloyd’s Register (LR) estimates. Hence, attracting new sources of capital to i
Will Belize lift its offshore oil moratorium?
Belize may lift the offshore oil moratorium to allow exploration activity, including seismic testing in Belizean waters.
Belledune Port Authority eyes nuclear technology as part of clean energy projects
The Belledune Port Authority (BPA) in Canada has teamed up with Cross River Infrastructure Partners, a U.S.-based project development company focusing on climate-positive technologies, to pursue the use of advanced small modular reactor (aSMR) technology. The development proposes to use aSMR from AR
Canadian FPSO still on track to come back online next year
Suncor has revealed that the Terra Nova life extension project is ongoing while the FPSO is still expected back in Canada by year-end.
Enbridge finalises partnership deal in Woodfibre LNG
Canadian pipeline and energy company Enbridge has completed the transaction relating to its partnership agreement with Pacific Energy to jointly invest in the Woodfibre LNG project. The companies announced their intention to jointly invest in the construction and operation of the project earlier thi
Maersk, IBM pull the plug on TradeLens
Danish container shipping major Maersk and IBM have decided to withdraw the TradeLens offerings and discontinue the platform. The blockchain-enabled shipping solution was created in 2018 with the aim of promoting more efficient and secure global trade, bringing together various parties to support in
£20 bln decom spend in the offing for UK’s oil & gas wells over next decade
Offshore Energies UK has predicted that about £20 bln will be spent on decommissioning North Sea oil & gas installations in the next decade.