Business & Finance
Norway’s Equinor paid nearly $9 bln in taxes to authorities in 2021
In 2021, Norwegian state-owned energy giant Equinor paid $8.9 billion dollars in corporate tax to authorities.
Liquid Wind raises €15.2M to develop green electrofuel for maritime industry
Swedish green electrofuel development company Liquid Wind has raised €15.2 million in Series B financing that will build its capabilities and develop projects for decarbonising the maritime industry. Liquid Wind said that the existing investors Uniper, Alfa Laval, Siemens Energy, Topsoe, Elyse and o
Another cable manufacturer wraps up test for 525 kV HVDC cable
South Korean cable manufacturer LS Cable & System has completed official certification for its 525 kV cross-linked polyethylene (XLPE) high-voltage direct current (HVDC) system. According to the company, the long-term reliability (pre-qualification) test of the HVDC submarine and underground cables
International wave energy project sets course for demonstration offshore Scotland
A pioneering collaboration between 14 international partners has been established to deliver a €19.6 million wave energy project which aims to be the stepping stone for the commercialization of this emerging clean energy industry worldwide.
WATCH: Construction kickoff for SBM Offshore’s giant new FPSO
SBM Offshore has started the construction of topside modules for the ONE GUYANA FPSO, which is its largest vessel so far.
Grimaldi clears €70 million loans for renewal of its eco-friendly fleet
Grimaldi Group has secured two loans, totaling €70 million, from the Intesa Sanpaolo bank for the purchase of two vessels belonging to the Grimaldi Green 5th Generation (GG5G) class.
World’s largest e-methanol facility gets €53 million boost
Danish renewables developer European Energy has received €53 million from the Danish Green Investment Fund (DGIF) for its upcoming Power-to-X (PtX) facility in Kassø, which will be the largest e-methanol facility in the world to date. The financing from the fund is part of the total investment in th
Tidal stream energy could achieve major cost reductions by 2035, report finds
Tidal stream energy could plummet below £80 (€90) per MWh by 2035 if current opportunity is realized, a new report by ORE Catapult predicts.
Prosafe eyes another contract in Brazil
Prosafe has submitted the most competitive offer in a bidding process for a 650-day firm period contract by Petrobras in Brazil.
Equinor gearing up for two North Sea wells
Equinor has secured a permit from the country’s authorities to drill two wildcat wells in the Norwegian sector of the North Sea.
Repsol Sinopec elects new COO
Repsol Sinopec Resources UK has appointed a new chief operating officer, less than two months after the appointment of a new CEO.
Dutch newcomer steps on the ocean energy scene
Named Equinox Ocean Turbines, a new ocean energy company has been launched in the Netherlands with a clear goal of exploiting the vast potential of ocean currents by using its tidal energy technology designed for low-speed waters.
Keppel readies four rigs for deployment to Saudi Arabia
Keppel O&M has completed the modification works for four jack-up rigs, which will be deployed on bareboat charters in Saudi Arabia.
Helicopter operator bags five-year deal in North Sea
Belgium-based helicopter operator NHV Group has secured a contract award for operations in the North Sea.