Business & Finance
First 100km of subsea cable in at Shetland HVDC link
The first 100 kilometers of subsea cable has been installed for SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) link in the North Sea. The £660 million project will involve constructing a 260-kilometers subsea cable from Shetland to the GB mainland, linking Shetland to the national g
With another acquisition under its belt, Shell extends its UK gas portfolio
Shell has added a gas field located West of Shetland to its asset portfolio thanks to a deal with Reabold Resources.
Seaspan’s parent accepts $10.9 billion buyout bid
Atlas Corporation, the owner of the world’s largest lessor of containerships, Seaspan Corporation, has entered into a definitive acquisition deal with the Poseidon Acquisition Corp under which Poseidon will acquire Atlas in an all-cash transaction for $10.9 billion. The deal is being struck on the b
American Southeast utility majors form hydrogen hub coalition
Several major utility companies have formed a coalition that plans to pursue federal financial support for a Southeast Hydrogen Hub, responding to the recently announced $8 billion funding opportunity from the U.S. Department of Energy (DOE). The coalition includes Dominion Energy, Duke Energy, Loui
ADNOC Drilling, Halliburton, and SLB win new deals in UAE with total value of $4 bln
ADNOC has awarded three framework agreements valued at $4 billion for integrated drilling fluids services (IDFS).
Amogy CEO: Our goal is to cut 10 pct of global GHG emissions by 2040
Since the official launch of Amogy in November 2020, the Brooklyn-based technology startup has had several important milestones. The company is building a zero-emission ammonia-to-power system, which aims to enable the decarbonization of heavy-duty transportation and industries, including shipping.
Dutch company secures close to €5 million for tidal power technology
Dutch company SeaQurrent has closed a multi-million euro funding round, securing support from major organizations for the development of its tidal energy technology and projects.
Flow test for first gas well in Black Sea drilling campaign in line with expectations
Trillion has revealed flow test results for the first well in its 2022 – 2023 drilling campaign on a gas field in the Black Sea off Türkiye.
UK regulator scraps CoP reports requirement to bolster energy security
UK’s regulator says that the industry will make significant savings in time and money following its move to cut red tape and scrap the requirement for CoP reports.
TrueOcean launches digital subsea survey data platform
Germany-headquartered subsea geo-information specialist TrueOcean has launched a new digital platform that unifies subsea survey data formats. According to TrueOcean, the smart marine data platform (MDP) accelerates the transformation of marine data acquired by underwater sensors, including multibea
New vessel operator sets up shop as ammonia-powered PSV design enters offshore market
Amon Maritime has launched a new offshore market player – Amon Offshore – and a carbon-free, ammonia-powered PSV design.
Baltic Pipe receiving terminal put into operation
The receiving terminal of the Baltic Pipe project located at Varde in Western Jutland, Denmark, has been put into operation and is now receiving gas from Norway. The terminal was put into operation on 1 November at 6 a.m. local time, so far with half of the total capacity (6,700 MWh/h). This means t
Future Proof Shipping picks Ballard’s fuel cells for retrofit of its 2nd containership
Dutch marine transportation service provider Future Proof Shipping (FPS) has selected Ballard Power Systems to provide PEM fuel cells for the retrofitting of its second inland container vessel, the FPS Waal. Once the project is complete, the vessel will operate emissions-free, powered by green hydro
While focusing on energy trilemma, BP more than doubles its profit
BP has delivered high profits in the third quarter of 2022 on a year-on-year basis, driven by natural gas trading and elevated energy prices.