Business & Finance
Danish player bags five-year deal for TotalEnergies’ North Sea oil & gas assets
TotalEnergies has handed out a long-term deal for the provision of manpower and construction service to its assets in the Danish North Sea.
UK and German representatives meet to celebrate NeuConnect
German Ambassador to the UK Miguel Berger and UK Trade Commissioner for Europe Chris Barton have joined an industry event to help celebrate continued progress on the NeuConnect project that will create the first direct connection between the UK and German energy markets. Led by Meridiam, Allianz Ca
Cargo owners roll out a roadmap to decarbonize ocean freight by 2040
Cargo owner-led network Cargo Owners for Zero Emissions Vessels (coZEV) has released a ‘Roadmap to 2040’, which outlines action areas cargo owners can start taking in 2023 to enable full decarbonization of their ocean freight by 2040. Reaching net-zero by 2040 has been established as a target by the
COP27 brings another call for international framework to end fossil fuel era
Tuvalu becomes the second nation-state to call for an international mechanism to phase out fossil fuels and enable transition to renewables.
Shell prolongs deal with BW Offshore and Saipem for Brazilian oil & gas project
Shell and its partners have extended the limited notice to proceed (LNTP) period with BW Offshore and Saipem.
Furetank, Algoma expand investment to eight dual-fuel product tankers
Swedish Furetank and Canadian Algoma Central Corporation are expanding the FureBear joint venture to include eight dual-fuel product tankers to trade in Northern Europe. The 50/50 owned joint venture was announced in August with an order for four dual-fuel tankers and is now extended with four addit
Production restart from FPSO operating off Brazil expected by year-end
SBM Offshore is putting the wheels into motion to resume production by the year-end from an FPSO, which is working for Petrobras off Brazil.
Port of Aberdeen gets £200,000 to speed up its drive to net zero
The UK’s Port of Aberdeen has been awarded more than £200,000 from the UK Government to accelerate its drive to Net Zero by 2040. The ‘Port Zero’ feasibility study, which is part of the Clean Maritime Demonstration Competition Round 2 (CMDC2), will analyse future port power demands, assess low carbo
Zero-emission hydrogen USV receives UK government funding
SEA-KIT International has secured funding through the second round of the Clean Maritime Demonstration Competition (CMDC) to design a hydrogen-powered, zero-emission uncrewed surface vessel (USV). SEA-KIT and Bramble Energy will implement outputs from a Round 1 project that marinized a printed circu
Marubeni to install four suction sails on Panamax bulker
Spanish rigid sail developer bound4blue and dry bulk shipping company MMSL PTE. LTD., a wholly owned subsidiary of Marubeni Corporation based in Singapore, have signed an agreement to install four suction sails on the Crimson Kingdom. According to the preliminary studies, the 229-meter length Panama
Nexans inks reservation agreement for EuroAsia Interconnector
Nexans Norway has signed a reservation agreement for the HVDC cable systems for the Cyprus – Greece link of the EuroAsia Interconnector. EuroAsia Interconnector is a multi-terminal high-voltage, direct current scheme which will comprise three converter stations with sea electrodes, interconnected by
Offshore drilling results confirm CO2 storage capacity for Northern Lights project
Northern Lights has confirmed the storage capacity of at least 5 million tonnes of CO2 per annum in the North Sea licence off Norway.
Co-location of offshore wind, wave and floating solar could lead to ‘unprecedented’ LCOE reduction, report finds
Co-location of offshore wind, wave and offshore solar energy in multi-source energy parks could lead to unprecedented reduction of levelized cost of electricity (LCOE), according to a new report by EU-SCORES project.
Saudi yard hands out deal for new jack-up rigs to U.S. player
International Maritime Industries (IMI) has awarded a detailed design engineering contract for the construction of jack-up rigs to Zentech.