Outlook & Strategy
Vår Energi’s precommitment to subsea systems to cut tie-back development time by up to one year
Norwegian oil & gas company Vår Energi has signed a pre-commitment agreement with OneSubsea, a joint venture (JV) backed by SLB, Aker Solutions and Subsea7, for the delivery of subsea production systems (SPS), a move expected to shorten subsea tie-back development time by up to one year. Under the S
SEFE unites with ACWA Power to supply green hydrogen to Europe
Germany’s Securing Energy for Europe (SEFE) has signed a memorandum of understanding (MoU) with Saudi Arabia’s ACWA Power for the production and supply of green hydrogen to Europe.
Diversified offshore oil & gas services provider to arise with new merger
Cyprus-headquartered marine seismic acquisition services provider SeaBird Exploration and Singapore’s tender-assisted drilling provider Energy Drilling have signed a letter of intent (LoI) to merge into a combined company that would offer diversified offshore oil & gas services. The transaction will
Targeting carbon-free shipping, Hanwha and Baker Hughes to work on ammonia gas turbine
South Korea’s Hanwha Ocean and Hanwha Power Systems have formed a partnership with energy technology firm Baker Hughes to design and develop a new small-size ammonia gas turbine, with an aim to achieve carbon-free ship operations.
CLdN introduces pooling incentive to ensure FuelEU Maritime compliance
Luxembourg-based shipping group CLdN has launched a new pooling service to enable potential partners comply with more stringent EU environmental norms.
504 MW link between Ireland and Great Britain begins commercial operations
The Greenlink interconnector linking the electricity grids of Ireland and Great Britain has officially entered commercial operation, following more than three years of construction. The start of commercial operations took place on January 29 and was announced by James O’Reilly, Chief Executive Offic
Denmark ‘willing’ to inject billion-scale sum into Danish-German hydrogen pipeline
The government of Denmark has introduced new initiatives to support the country’s emerging hydrogen market with billion-scale (DKK) funding and committed to establishing a Danish-German hydrogen pipeline by 2030. The government announced the new initiatives for hydrogen as well as offshore wind mark
The Gemini countdown: Maersk and Hapag Lloyd geared up to ‘reshape’ sustainable shipping
The Gemini Cooperation—a long-term operational partnership between shipping colossals the Danish A.P. Moller-Maersk and Germany’s Hapag-Lloyd—is all but ready to launch tomorrow, February 1, 2025, intending to “reshape” global container shipping. The two shipping industry titans revealed their plan
Vår Energi approved to conduct more North Sea drilling
The Norwegian Offshore Directorate (NOD) has granted a drilling permit to Norwegian oil & gas player Vår Energi for another wildcat well in the North Sea. The permit is for wellbore 7/1-4 S in production license 1090, in which Vår Energi holds a 50% operating stake, with partners Petoro and Aker BP
Inching towards CO2 neutrality: Svitzer to transition to biofuels in Port of Esbjerg
Denmark-based towage and marine services provider Svitzer has decided to switch to biofuels at the Port of Esbjerg in line with the port’s ambition to become carbon neutral by 2030.
With 1,500 wells due for decommissioning by 2030, NSTA calls for new P&A tech trials
Since around 1,500 wells will be due for decommissioning in the UKCS between 2026 and 2030, the UK regulator North Sea Transition Authority (NSTA) said that this represents an opportunity for operators to test and adopt new well plugging and abandonment (P&A) technologies to cut costs and improve ef
German consortium sets out to activate fuel cell technology for cruise ships
Meyer Werft and its consortium partners launched a new research project focused on fuel cell technology powered by green methanol for cruise ships.
Another offshore wind job for TGS in UK
Norway-based energy data and intelligence company TGS has secured another contract for offshore wind site characterization on the UK Continental Shelf (UKCS). To remind, TGS reported earlier this week it was set to kick off offshore wind site characterization in the UK in the first quarter of 2025 u
Evonik and VoltH2 to advance hydrogen production in the Netherlands
German specialty chemicals company Evonik has signed a term sheet with Dutch energy company VoltH2 to advance green hydrogen production at the Delfzijl chemical park in the Netherlands.