Business & Finance
EBRD supports eco-friendly expansion of Turkish port
The European Bank for Reconstruction and Development (EBRD) has provided an $8.5 million loan for an environmentally friendly expansion of the Altintel Port in western Turkey.
SBM Offshore and Petrobras firm up Mero FPSO deal
FPSO operator SBM Offshore has signed contracts with Petrobras for the 22.5 years lease and operation of FPSO Alexandre de Gusmão.
Italian TSO awards major cable contracts for new subsea interconnector
Italian transmission system operator (TSO) Terna has awarded Prysmian and Nexans with contracts for the supply of cables for the Tyrrhenian Link that will connect Sicily with Sardinia and the Italian peninsula.
Nord Stream 2 is Merkel’s biggest mistake, says ex-EU Council president
The decision to build the Nord Stream 2 gas pipeline was the biggest mistake of Germany’s Chancellor Angela Merkel, Polish news outlet PAP reported the former president of the European Council Donald Tusk as saying at a recent conference.
ESA approves Norwegian aid for zero-emission hydrogen ships
The EFTA Surveillance Authority (ESA) has approved NOK 219 million ($24.18 million) in Norwegian state aid for the purchase of two zero-emission hydrogen vessels being developed under the Topeka Nattruten project.
BP loads 1000th tanker of crude oil at Black Sea terminal
The BP-operated Western Route Export Pipeline has loaded the 1000th tanker at the Supsa terminal on the Black Sea.
UK government sets up safety net for Horizon Europe applicants
The UK government has established a new financial safety net to provide certainty for successful Horizon Europe applicants as UK’s efforts to associate with the EU’s key funding programme for research and innovation continue.
£158 million redress to be paid for Western Link delay
National Grid Electricity Transmission (NGET) and Scottish Power Transmission (SPT) have agreed to pay a redress package of £158 million for delays to the Western Link Project, following an investigation by energy regulator Ofgem.
CMA CGM’s incentive to ease congestion at California ports
Shipping and logistics company CMA CGM will implement an incentive program at the ports of Los Angeles and Long Beach to improve the fluidity of the largest import gateway in the U.S.
PTTEP strikes another gas find in shallow waters off Malaysia
PTTEP and its partner Petronas have made a second gas discovery in Block SK417 off the coast of Sarawak, Malaysia.
Carnarvon still waiting on delayed Valaris rig to drill Buffalo well
Carnarvon Energy is waiting for a Valaris-owned rig to arrive at a drilling location in the Timor Sea and drill the Buffalo-10 offshore well.
Eni and CNR prolong partnership to tackle energy transition challenges
Eni and the CNR have extended their collaboration to navigate the challenges imposed by the energy transition.
More Gulf of Mexico work for Seadrill rigs
Offshore drilling contractor Seadrill has secured more work for its rigs in the U.S. Gulf of Mexico, adding about $0.5 billion to backlog.
SHI and Microsoft join forces for shipyard digitalisation
South Korean shipbuilder Samsung Heavy Industries (SHI) has formed a strategic partnership with its compatriot software company Microsoft Korea to digitalise its shipyards.