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Business & Finance

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Fluxys' Zeebrugge LNG terminal; Source: Sacyr Proyecta
Business & Finance

Spanish player picks up work on European LNG terminal as pursuit of net-zero ops intensifies

Belgian energy infrastructure company Fluxys has hired Madrid-headquartered Sacyr Proyecta to take care of front-end engineering design (FEED) services related to the development of a CO2 emissions reduction project at its liquified natural gas (LNG) terminal in Zeebrugge, Belgium.

about 1 year ago
Shah Deniz gas field offshore Azerbaijan; Source: Southern Gas Corridor (SGC)
Business & Finance
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BP entrusts KBR-SOCAR JV with terminal electrification and giant gas field’s next phase

KBR, a U.S.-headquartered science, technology, and engineering player, has won new assignments in Azerbaijan with the UK-headquartered BP, thanks to its joint venture with SOCAR, known as SOCAR-KBR, which will undertake detailed engineering design solutions and procurement services for two projects

about 1 year ago
Fugro to survey Irish seabed for future offshore wind farms
Business & Finance

Fugro to survey Irish seabed for future offshore wind farms

Fugro has secured a seven-year framework agreement with Irish transmission system operator (TSO) EirGrid to perform surveys for a project that will develop offshore electricity substations and export cable routes to connect Ireland’s future offshore wind farms on the south coast to the national grid

about 1 year ago
John Cockerill acquires McPhy’s assets to advance development of alkaline electrolyzers
Business & Finance

John Cockerill acquires McPhy’s assets to advance development of alkaline electrolyzers

John Cockerill Hydrogen has acquired part of the assets of McPhy to accelerate the development of its new generation of pressurized alkaline electrolyzers.

about 1 year ago
€2.45 million wave energy project targets Atlantic coastal deployment
Business & Finance

€2.45 million wave energy project targets Atlantic coastal deployment

Wave energy developer Eco Wave Power has joined a newly approved €2.45 million project under the Interreg Atlantic Area Program, focused on advancing scalable wave energy deployment across Europe’s Atlantic coastline. According to Eco Wave Power, the project, named Atlantic Wave Energy Sustainable

about 1 year ago
Vallourec's orders surge with ADNOC, CNOOC and PetroChina deals
Business & Finance

Vallourec’s orders surge with ADNOC, CNOOC and PetroChina deals

French provider of tubular solutions Vallourec has secured a number of new contracts under which it is set to deliver oil country tubular goods (OCTG) to the UAE’s Abu Dhabi National Oil Company (ADNOC), as well as CNOOC and PetroChina in Iraq. ADNOC has placed an order described as significant for

about 1 year ago
European Investment Bank approves €168M for second Malta-Italy interconnector
Business & Finance

European Investment Bank approves €168M for second Malta-Italy interconnector

The European Investment Bank (EIB) has approved financing in the amount of approximately €168 million for the second electrical interconnector between Malta and Italy. The IC2 interconnector will consist of a new ~122-kilometer-long 225 MW HVAC electrical cable interconnection between the Terna subs

about 1 year ago
Illustration; Source: North Sea Transition Authority (NSTA)
Business & Finance

Delay-induced clouds over UK’s oil & gas decom realm warn of billions in extra costs and fines

With the backlog of wells due for decommissioning on the rise, the UK’s regulator, the North Sea Transition Authority (NSTA), has issued a stark warning to operators on the UK Continental Shelf (UKCS), urging them to take steps to decommission permanently inactive wells now to stave off a future sce

about 1 year ago
ADNOC Gas' Das Island LNG facility; Source: HS Switchgear FZCO
Business & Finance

Germany’s SEFE and UAE’s ADNOC Gas strengthen energy ties with LNG deal

Germany’s Securing Energy for Europe (SEFE) has expanded its liquefied natural gas (LNG) arsenal through a multi-year LNG supply agreement with ADNOC Gas, a subsidiary of the UAE-headquartered ADNOC, bolstering Europe’s energy security.

about 1 year ago
Fugro's new partnership aims to keep Northern European subsea infrastructure safe
Business & Finance

Fugro’s new partnership aims to keep Northern European subsea infrastructure safe

Fugro has partnered up with high-tech software company DTACT and AI-powered satellite intelligence company Ubotica to develop a data fusion and intelligence platform that will provide government organizations with the information needed to strengthen national security and safeguard critical underwat

about 1 year ago
Utility module for Valhall; Source: Aker BP
Business & Finance

WATCH: Aker BP slotting puzzle pieces in place to ensure North Sea oil project’s 40-year lifespan

Aker BP is piecing together the remaining sections of the utility model puzzle designed for a production and wellhead platform (PWP) that will help ensure hydrocarbon production at its field in the southern part of the Norwegian sector in the North Sea for 40 more years.

about 1 year ago
Carnegie aims for stronger European investor ties via DGWA
Business & Finance

Carnegie aims for stronger European investor ties via DGWA

Australian wave energy developer Carnegie Clean Energy has appointed German investment firm DGWA as its advisor for European financial markets and investor relations. The move aims to leverage Carnegie’s existing dual listing on the Frankfurt, Tradegate, and Stuttgart Stock Exchanges, increasing exp

about 1 year ago
COSL Prospector rig; Source: COSL
Business & Finance

New gas discovery puts another subsea tie-back on Norwegian field’s menu

Norwegian state-owned energy giant Equinor has made a fresh gas discovery, which is a tie-back candidate to a giant field in the Barents Sea off the coast of Norway.

about 1 year ago
Damen
Business & Finance

Germany funds Reederei Bernd Sibum’s green newbuilds

Germany’s Reederei Bernd Sibum has received funding from the German government to make its ships, which are being built by Dutch shipbuilder Damen, even more sustainable.

about 1 year ago