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TotalEnergies bent on taking legal action following accusations of ‘dramatically underreporting’ emissions

Outlook & Strategy

TotalEnergies bent on taking legal action following allegations of ‘dramatically underreporting’ emissions

After Greenpeace said that TotalEnergies’ emissions are four times higher than reported, the oil major has decided to pursue legal action.

about 4 years ago

Outlook & Strategy

Maersk exploring large-scale green fuels production in Spain

Danish shipping and logistics giant A.P. Moller – Maersk has signed a general protocol for collaboration with the Spanish government to explore the opportunities for large-scale green fuels production in Spain. The signing of the protocol was described as a significant milestone in the collaboration

about 4 years ago

Strong demand for Transocean rigs to bring higher day rates and fleet utilisation

Outlook & Strategy

Strong rig demand to boost Transocean’s day rates and fleet utilisation

Transocean is expecting the demand for its rigs to remain high, leading to a further improvement in day rates and fleet utilisation.

about 4 years ago

Outlook & Strategy

Horisont Energi and Neptune Energy eye new CO2 storage license

Horisont Energi and Neptune Energy are set to apply for the license to operate an area for CO2 storage in the North Sea that Norway’s Ministry of Petroleum and Energy announced on 2 November. The parties plan to apply together, with Neptune Energy having the operatorship for the development phase an

about 4 years ago

Outlook & Strategy

Equinor and Centrica team up to develop East Yorkshire hydrogen hub

Norway’s Equinor and UK’s Centrica have signed a cooperation agreement to explore the development of a low-carbon hydrogen production hub at Easington in East Yorkshire, with the aim to strengthen the region’s status as the UK’s foremost hydrogen place. Under the agreement, the Centrica-operated are

about 4 years ago

Outlook & Strategy

Magseis Fairfield reports positive quarter despite node handler downtime

Magseis Fairfield has reported a revenue of $99.3 million for the third quarter of 2022, up from $84.3 million in Q3 2021, despite technical downtime on a node handler and delayed start-up of a project. Revenue for the first three quarters of 2022 amounted to $277.9 million, compared to $185.9 milli

about 4 years ago

Outlook & Strategy

Report: Russia’s Sakhalin II LNG project can manage without Shell, Mitsui says

Sakhalin II liquefied natural gas (LNG) project in Russia has enough technical expertise to operate even without departed shareholder Shell, Reuters reported Mitsui & Co’s CEO Kenichi Hori as saying. Shell announced its plans to exit its 27.5% stake in the Sakhalin II LNG project, writing off an inv

about 4 years ago

Vincent and Roisin Mc Cormack, the father/daughter founding duo of GKinetic Energy (Courtesy of GKinetic Energy)

Outlook & Strategy

GKinetic Energy targets commercial ramp up with €2 million funding round

Irish-based hydrokinetic developer GKinetic Energy has opened a €2 million funding round focused on ramping up its commercialization activities.

about 4 years ago

Outlook & Strategy

DHL purchases 60 million litres of sustainable marine fuel for greener ocean freight

DHL Global Forwarding, the air and ocean freight specialist of Deutsche Post DHL Group, and GoodShipping are expanding their partnership on sustainable shipping via insetting with 60 million litres of sustainable marine fuel. With the latest purchase of sustainable marine fuel, DHL expects to reduce

about 4 years ago

Outlook & Strategy

First 100km of subsea cable in at Shetland HVDC link

The first 100 kilometers of subsea cable has been installed for SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) link in the North Sea. The £660 million project will involve constructing a 260-kilometers subsea cable from Shetland to the GB mainland, linking Shetland to the national g

about 4 years ago

AWS Ocean Energy’s Waveswing installed offshore Orkney (Courtesy of AWS Ocean Energy)

Outlook & Strategy

Waveswing wave energy trials ‘exceed expectations’

AWS Ocean Energy has unveiled ‘highly encouraging’ results from the current phase of sea trials of its Waveswing wave energy device at the European Marine Energy Centre (EMEC) in Orkney.

about 4 years ago

Outlook & Strategy

Amogy CEO: Our goal is to cut 10 pct of global GHG emissions by 2040

Since the official launch of Amogy in November 2020, the Brooklyn-based technology startup has had several important milestones. The company is building a zero-emission ammonia-to-power system, which aims to enable the decarbonization of heavy-duty transportation and industries, including shipping.

about 4 years ago

SeaQurrent's team in front of its TidalKite tidal energy device (Courtesy of SeaQurrent)

Outlook & Strategy

Dutch company secures close to €5 million for tidal power technology

Dutch company SeaQurrent has closed a multi-million euro funding round, securing support from major organizations for the development of its tidal energy technology and projects.

about 4 years ago

Outlook & Strategy

UK regulator scraps CoP reports requirement to bolster energy security

UK’s regulator says that the industry will make significant savings in time and money following its move to cut red tape and scrap the requirement for CoP reports.

about 4 years ago