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Business & Finance

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GC Rieber
Business & Finance

GC Rieber Shipping to build zero-emission freighter

Norwegian shipping company GC Rieber Shipping has entered into a letter of intent for the construction of a fully electric battery-powered freight carrier.

about 1 year ago
Enova
Business & Finance

Seven electric ships, four charging stations to get €31.6M in Enova support

Enova, a Norwegian government enterprise, has decided to support seven electric vessels and four charging facilities with around NOK 362 million (about €31.6 million).

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about 1 year ago
Courtesy of DNO
Business & Finance

Fourfold production uptick for DNO’s North Sea oil & gas business after Sval buy

Norwegian oil and gas operator DNO has brought Sval Energi, a compatriot company, into its fold, enlarging its North Sea portfolio and quadrupling its oil and gas production levels.

about 1 year ago
EIVA and Terradepth have partnered to integrate Terradepth’s Absolute Ocean platform with EIVA’s NaviSuite software
Business & Finance

Terradepth and EIVA integrate platforms to speed up subsea data delivery

Denmark-based EIVA and U.S. provider of ocean data management solutions Terradepth have partnered to integrate Terradepth’s Absolute Ocean platform with EIVA’s NaviSuite software, aiming to automate the full subsea-to-cloud data workflow. According to Terradepth, the integration is designed to acce

about 1 year ago
US approves OCI Global’s sale of methanol business to Methanex
Business & Finance

US approves OCI Global’s sale of methanol business to Methanex

OCI Global, has received U.S. regulatory approval for the sale of its global methanol business, OCI Methanol, to Methanex Corporation.

about 1 year ago
FSRU Independence in Klaipėda; Source: Höegh Evi, former Höegh LNG
Business & Finance

Baltic CO2 storage project gets EU funding

The European Commission has signed a grant agreement with Lithuanian liquefied natural gas (LNG) terminal operator KN Energies (KN) for technical and commercial studies for a planned CO2 terminal in Klaipėda, Lithuania.

about 1 year ago
NKT T3600 subsea trencher; Source: NKT
Business & Finance

NKT’s subsea trencher coming to fortify offshore power cable infrastructure

NKT has poured funds into the construction of a tool it describes as the world’s most powerful subsea trencher, which is expected to strengthen the offshore power cable ecosystem to ensure the security of supply and the transition to renewable energy.

about 1 year ago
Meriaura
Business & Finance

Finland’s Meriaura returns to family ownership

Finnish shipping company Meriaura has been returned to family ownership under Meriaura Invest Oy’s 100% ownership.

about 1 year ago
Viking CCS project; Source: Harbour Energy
Business & Finance

UK throws support behind carbon capture and storage pair set to unlock $34 billion by 2035

Offshore Energies UK (OEUK), has deemed the UK’s backing of carbon capture, usage, and storage (CCUS) projects as an important step for the domestic offshore energy industry, as the country works to bankroll its transition from oil and gas to low-carbon technology.

about 1 year ago
Type test qualification of 132kV subsea cables wraps up; Source: JDR
Business & Finance

JDR makes headway with quantifications of subsea cables for offshore energy use

JDR Cable Systems, part of TFKable Group, has finished the type test qualifications for next-generation 132 kV subsea cables designed for offshore energy applications, especially in the fixed and floating offshore wind projects, where it is expected to enable the deployment of larger turbines by dou

about 1 year ago
COSL Prospector rig; Credit: COSL Drilling Europe
Business & Finance

COSL rig set to spin the drill bit in Norwegian waters next month

Equinor has secured a drilling permit for an exploration well in the Barents Sea, which will be drilled next month with COSL Drilling Europe’s semi-submersible rig.

about 1 year ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies pins its multi-energy advancement hopes on AI while setting up new lab

TotalEnergies has pinpointed the acceleration of artificial intelligence (AI) as a roadmap paving the way toward the realization of its multi-energy strategy, primarily in low-carbon energies, which are expected to be among the key beneficiaries of its partnership with a compatriot generative AI pla

about 1 year ago
Shah Deniz gas field offshore Azerbaijan; Source: Southern Gas Corridor (SGC)
Business & Finance

German firm pens 10-year gas deal with Azerbaijan’s SOCAR

Germany’s Securing Energy for Europe (SEFE) has secured a multi-year import of natural gas by inking an agreement with the State Oil Company of the Republic of Azerbaijan (SOCAR), fortifying Europe’s energy security.

about 1 year ago
Oseberg East field; Source: Øyvind Hagen/Equinor
Business & Finance

Baker Hughes picks up P&A gig at North Sea oil field

Baker Hughes has landed a new assignment with Norway’s state-owned energy giant Equinor to handle plug and abandonment (P&A) operations at a North Sea field on the Norwegian Continental Shelf (NCS) and provide project management services on behalf of the operator.

about 1 year ago