Aberdeen-based Balmoral Comtec has completed the installation of its manufacturing plant at its new composites facility at Montrose Port that will produce composite structures for subsea and offshore renewable energy sectors.
Japanese shipping major Kawasaki Kisen Kaisha Ltd (K Line) has laid out its short-term investment plans in a newly released report, earmarking a significant portion for environmental initiatives. “First of all, we aim to invest a total of ¥250.0 billion ($1.85 billion), within the amount of operatin
Commodities trading group Trafigura has entered into a $3 billion four-year loan agreement guaranteed by the Federal Republic of Germany to secure gas supply. The loan is jointly arranged and underwritten by Deutsche Bank and another international bank and syndicated to a number of participating ban
The 15th Offshore Energy Exhibition & Conference (OEEC) in Amsterdam once again proved to be a great success: as always, the two-day exhibition offered exciting networking opportunities, knowledge sharing, presentations, workshops and a lot more. Energy security, green hydrogen, human capital and fl
RWE and Hyphen Hydrogen Energy have signed a Memorandum of Understanding (MoU) that could see RWE offtake up to 300,000 tons of green ammonia per year from Namibia. Hyphen was appointed the preferred bidder by the Namibian government to develop the first green hydrogen project in Namibia for export.
Nexans has worked with Enemalta to finalise the repair works for the subsea Malta-Italy interconnector cable.
SEE MONSTER, a decommissioned North Sea platform’s new lease on life has now come to an end and it is expected to be recycled in the UK.
Danish green hydrogen provider Everfuel has appointed new deputy chief executive officer (CEO) to expand the management team and drive the execution of the growth strategy. Martin Skov Hansen will assume the new role starting from 1 January 2023 with a special focus on organisation development, HR a
The deepwater oil and gas production is set to increase by 60 per cent by the end of the decade, says Wood Mackenzie.
Moody’s has highlighted that the rise in the energy windfall tax will crimp the North Sea producers’ free cash flow generation.
Singapore’s clean energy solutions provider EDPR Sunseap has formed a partnership with compatriot sustainable materials engineer PlasticBean to explore opportunities for the usage of recycled plastics as the main ingredient for floating solar projects. Through the partnership, the companies will tog
Earthjustice has urged Biden to put a stop to new drilling and ongoing fossil fuel extraction on U.S. federal lands and offshore territories.
Japanese shipping major NYK has concluded investment and strategic alliance agreements with PT Pertamina International Shipping (PIS), a shipping subsidiary of Indonesian state-owned oil and gas company PT Pertamina (Persero). NYK and PIS reached an agreement in principle on the investment back in O
Austrian oil and gas company OMV has introduced its new corporate structure to deliver on ambitions to become a net-zero company, which will come into effect on 1 January 2023. According to OMV, the new structure is designed to fully enable the delivery of Strategy 2030 and drive its transition towa
