Business & Finance
Hellenic Cables’ net-zero targets approved
The Science Based Targets initiative (SBTi) has approved Hellenic Cables’ near-term and long-term greenhouse gas emissions reduction targets. Hellenic Cables commits to reducing absolute scope 1 and 2 GHG emissions by 50% by 2030 from a 2020 base year, as well as the absolute scope 3 GHG emissions f
Gravitricity and Arup secure funding to develop below ground hydrogen storage
Gravitricity and Arup have secured $372,073 from the UK goverment to study storing hydrogen in purpose-built underground shafts.
Woodside shareholders endorse BHP merger proposal in landslide vote
Woodside has revealed that its shareholders have endorsed its plan for the merger of BHP’s petroleum business portfolio with Woodside.
Esbjerg declaration: Industry sees wave energy as ‘natural partner’ to offshore wind and solar
The representatives of ocean energy associations have called both the Danish and Dutch governments and parliaments to also integrate wave energy in the energy strategy for the North Sea region by setting both national and regional deployment targets.
HySupply winners to receive government funding for hydrogen supply innovation
The goverment of the UK will grant $74.3 million (£60 m) to HySupply competition winners to provide funding for projects to develop innovative low-carbon hydrogen supply solutions.
Fugro Mercator to survey Statkraft’s Irish offshore wind site
Fugro is set to kick off a geophysical survey campaign at the North Irish Sea Array (NISA) offshore wind project at the end of May. The 42-meter long survey vessel Fugro Mercator is expected to carry out the operations between 27 May and 30 June, weather permitting, at the site located off the coast
Drilling ops on track for next week as Valaris rig sets off towards Western Gas well
Since a Valaris-owned rig has kicked off mobilisation activities, Western Gas is preparing to drill the Sasanof-1 well next week.
Seaspan orders four LNG-fuelled boxships, closes $500M sustainability-linked private placement
Hong Kong-based operator and owner of containerships Seaspan Corporation, part of Atlas Corp., has entered into agreements with an unnamed shipyard to construct four 7,700 TEU dual-fuel liquefied natural gas (LNG) containership newbuilds.
Woodside awards another Scarborough contract
Australian energy giant Woodside, as the operator for and on behalf of the Scarborough Joint Venture, has awarded ABL Group with a contract to provide marine warranty services (MWS) for the Scarborough Project offshore Western Australia. The development consists of up to 13 subsea wells drilled over
Prosafe eyes Brazil market for future employment of two delayed newbuilds
Prosafe has agreed with China’s COSCO Shipping on another extension of the delivery of two of its newbuild units.
Acting CEO takes on permanent role at Beach Energy for ‘next phase of growth’
After an extensive recruitment process, Beach Energy has appointed its Acting Chief Executive Officer to the CEO role, effective immediately.
Two Norwegian players to explore the use of hydrogen as ‘fuel for the future’ in maritime sector
Golden Energy Offshore has teamed up with Gen2 Energy to explore the use and availability of hydrogen-based fuel in the maritime industry.
EU sets out plan to tackle double whammy of dependence on Russian fossil fuels and climate crisis
The European Commission has presented a plan on how the EU can rapidly reduce its dependence on Russian fossil fuels and fast forward the green transition.
WATCH: Installation work for SBM Offshore’s FPSO working for ExxonMobil off Guyana
SBM Offshore has shared a video, showing scenes from an installation campaign on its Liza Unity FPSO offshore Guyana.