Business & Finance
UK player seeking partners for assets offshore Morocco and Ireland
UK-headquartered and AIM-listed oil and gas company Europa Oil & Gas is continuing the farm-out processes of two licenses respectively located offshore Morocco and Ireland. In Morocco, Europa said it is continuing the farm-out process of the Inezgane license in the Agadir Basin, which represents a “
US company invests in TECO 2030 zero-emission fuel cell projects
Norway’s cleantech company TECO 2030 has received a NOK 100 million (approximately $10 million) investment from US-based SunHydrogen, a developer of technology that uses sunlight and any source of water to make renewable hydrogen. Currently under development, SunHydrogen’s technology utilizes a nano
OEUK: Raising windfall tax could put oil & gas investments at risk and undermine UK’s energy security
Offshore Energies UK (OEUK) has warned that the windfall ‘supertax’ proposal risks driving out oil and gas investments from the UK waters.
Sallaum Lines orders LNG-fueled RoRo pair
Global RoRo shipping company Sallaum Lines has placed an order with China’s Fujian Mawei Shipbuilding for the construction of two dual-fuel LNG 7500 Pure Car and Truck Carriers (PCTC). The ships will have a total length of 199.9 meters, a molded width of 38 meters, a molded depth of 14.8 meters, and
With repairs out of the way, Brazilian well goes back online
Following a temporary interruption of production, Enauta has restarted production from a well located on a field offshore Brazil.
Namibia gets $544 mln boost for green hydrogen production as it looks to catalyze shipping’s decarbonization
Namibia, one of the world’s sunniest countries, is investing strenuous efforts in exploiting its abundant natural resources to produce renewable energy, most notably green hydrogen, and position itself as a renewable energy hub. “Namibia is comfortable with being a first mover in an industry that is
Keppel gets jobs for two more jack-up rigs
Keppel Offshore & Marine has secured assignments for two additional jack-up rigs, which will be deployed in Saudi Arabia.
Maersk: We need an end date for fossil fuels in shipping
The only way to lower greenhouse gas emissions in shipping and entice companies to set zero-emission targets in the sector is by setting an end date for fossil fuels in the shipping industry through a global regulation, Maersk’s Chief Advisor for Green Transition Concepción Boo Arias said. “It is ve
SolarDuck to build 5MW floating solar demonstrator integrated with offshore wind farm
Dutch-Norwegian company SolarDuck has been awarded a contract for the world’s largest hybrid offshore floating solar power plant at the offshore wind park Hollandse Kust West VII in the Netherlands.
Shell comes aboard subsea 3D printing joint industry project
Shell has joined a joint industry project dedicated to developing and testing advanced 3D printing technologies as an in situ, metal-to-metal, repair method for subsea assets. Shell joins project partners Kongsberg Ferrotech, Equinor, Gassco and SINTEF who have been working on this industrial projec
New action plan comes into the limelight to accelerate decarbonisation
With COP27 in full swing, governments have set out an action plan to scale up decarbonisation efforts, says IRENA.
Enagás unit receives funding to boost LNG and BioLNG supply in Canary Islands
Scale Gas, a subsidiary of Spanish energy company Enagás, has received funding from the Ministry of Transport, Mobility and Urban Agenda to boost the construction of a bunkering vessel for the supply of LNG and BioLNG in the Canary Islands. Scale Gas will receive a total of €15 million and plans to
Avance Gas keeps divesting older VLGCs to renew fleet and improve fuel efficiency
Norway-based liquefied petroleum gas (LPG) transporter Avance Gas has signed an agreement to sell another very large gas carrier (VLGC) as it is renewing its fleet. The company agreed to sell the 2009-built VLGC Promise with a time charter attached. The vessel is expected to be handed over to the ne
KSS Line, Samsung C&T ink transport deal for ammonia and hydrogen
Korean shipping company KSS Line has signed an agreement with Samsung C&T, the construction and trading arm of Samsung Group, for the maritime transportation of clean hydrogen and ammonia, the Korea Economic Daily reports. Under the terms of the deal, Samsung’s trading arm would build supply for the