Business & Finance
Germany’s DekaBank joins Poseidon Principles
DekaBank, the securities services provider of the German Savings Banks Finance Group (Sparkassen-Finanzgruppe), has become the latest financial institution to join the Poseidon Principles framework for responsible ship finance.
Enauta expects to boost oil output from Brazilian field following term extension
Enauta has been granted an extension of the concession agreement for a field off Brazil, enabling it to ramp up output and increase reserves.
Another subsea cable manufacturer commits to SBTi net-zero standard
Chinese subsea cable manufacturer ZTT Submarine Cable & System has revealed its commitment to the Science Based Targets initiative (SBTi), setting emissions reduction targets. ZTT announced it had committed to the SBTi Net-Zero Standard and will set a robust emissions reduction target at the pace an
CIP unveils plans for offshore wind-to-green hydrogen energy islands in Germany and Denmark
Copenhagen Infrastructure Partners (CIP) has unveiled plans to build an artificial island dedicated to large-scale production of green hydrogen from offshore wind in Denmark and has entered an agreement with Allianz Investment Management (AIM) to perform a feasibility study for a similar project in
Norway’s new estimate of gas deliveries for this year sees 8 pct increase from last year
Norway’s Ministry of Petroleum and Energy has revealed a higher estimate for gas deliveries from the fields on the Norwegian shelf in 2022.
UK to get over $9.7 billion in tax this year from oil & gas operators, trade body says
UK oil & gas operators are expected to pay over $9.6 billion in taxes in 2021, which represents a 20-fold increase worth $346 per household.
Odfjell Technology bags three-year gig with Petronas
Odfjell Technology has secured a long-term wellbore cleanup equipment and services deal in Malaysia with Petronas Carigali.
Turkey welcomes arrival of fourth drillship
Following a recent report that Turkey is about to welcome the fourth addition to its fleet of drillships, the vessel has now arrived in Turkey.
Damen to promote Bawat’s ship-based ballast water management system
Damen Green Solutions, a member of the Damen Shipyards Group, has been given the right to promote a green ship-based ballast water management system (BWMS) developed by water treatment supplier Bawat. According to Bawat, Damen was selected for the cooperation as it fits the supplier’s green approach
Transocean names world’s first 8th generation drillship featuring ‘all kinds of bells and whistles’
Transocean has recently held a naming ceremony in Singapore for its delayed newbuild Deepwater Atlas, the world’s first 8th generation drillship.
TGS and Liberia’s National Oil Company ink 3D seismic data agreement
TGS has signed an agreement with the National Oil Company of Liberia (NOCAL) to reprocess over 5,100 square kilometers of 3D seismic data over Blocks 8 & 9 in the Liberia Basin. The survey will be processed using a Pre-Stack Depth Migration (PSDM) workflow to enable optimal imaging of the main targe
Chart Industries buys Cryogenic Service Center
U.S. LNG engineer Chart Industries has completed the acquisition of Swedish company CSC Cryogenic Service Center for approximately $4 million. Chart Industries says that CSC brings a strong service footprint in the Nordic Region with many overlapping customers to Chart. Therefore, it is allowing Cha
Jack-up rig hired for drilling on gas field offshore Turkey
Trillion Energy has signed a definitive offshore drilling services contract with GSP to secure a jack-up rig for a campaign offshore Turkey.
Ocean Energy Europe: REPowerEU as new innovation stepping stone for renewables
Ocean Energy Europe (OEE) has welcomed the European Commission’s REPowerEU initiative, which at its heart endorses a massive and accelerated roll-out of renewables.