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Transition

Aker BP seeks to simplify subsea ops with ROCS order

Norwegian oil and gas player Aker BP has awarded compatriot subsea technology company Optime Subsea with a contract to develop and deliver multiple remotely operated controls systems (ROCS) for use on the Norwegian continental shelf (NCS). Aker BP has placed an order with Optime Subsea for the renta

about 2 years ago

Transition

GE Vernova and AFC buy their way into giant renewable Morocco-UK power project with $24.3 million

GE Vernova and Africa Finance Corporation (AFC) have decided to bankroll the development of a huge renewable energy project in Morocco.

about 2 years ago

Transition

Damen embarks on a pilot project for circular ship recycling

Dutch Damen Shipyards Group is launching a pilot project in which a small tug will be dismantled at Damen Shiprepair Rotterdam’s Botlek site in a circular way and entirely in line with EU regulations.

about 2 years ago

Transition

Equinor, Aker BP and Vår Energi among applicants for Norwegian CO2 storage licenses

Eight companies have submitted their applications to the Norwegian Ministry of Energy for CO2 storage licenses for two areas on the Norwegian Continental Shelf (NCS). Aker BP, Equinor Low Carbon Solution, Lime Petroleum, Northern Lights JV, OMV (Norge), PGNiG Upstream Norway, Vår Energi and Wintersh

about 2 years ago

Transition

CO2 storage licenses in English Channel up for grabs

UK regulator North Sea Transition Authority (NSTA) has launched a competitive process inviting applications for CO2 appraisal and storage licenses in an area of the English Channel. The licenses, for which the competitive process was opened on April 30, grant exclusive rights for the exploration and

about 2 years ago

Transition

OMV steps up its methane reduction game by joining UN program for curbing such emissions

OMV is the latest in the long line of oil and gas players that have thrown their support behind the Oil & Gas Methane Partnership (OGMP 2.0).

about 2 years ago

Transition

Türkiye holds LNG supply talks with ExxonMobil while setting the stage to search for oil in Black Sea

Türkiye is going all out to wean itself from its dependence on foreign natural gas, as demonstrated by the ongoing LNG negotiations with ExxonMobil.

about 2 years ago

Transition

Bergen Engines joins Norwegian initiative for transition to alternative marine fuels

Bergen Engines joined FME MarTrans, an initiative for reducing emissions and energy consumption and increasing the use of alternative fuels.

about 2 years ago

Transition

European Commission and Saudi Arabia eyeing energy cooperation

European Commission and Saudi Arabia have held talks in view of a Saudi-EU memorandum of understanding (MoU) on energy cooperation.

about 2 years ago

Illustration; Credit: Taylor Ken/TotalEnergies

Transition

Dip in gas prices takes its toll on profit but multi-energy recipe still comes through for TotalEnergies

TotalEnergies has set its cap on pursuing a balancing act between hydrocarbons and low-carbon and green sources of supply, which cushioned the fall in profit due to the downward trend in gas prices.

about 2 years ago

Transition

Höegh Autoliners doubles biofuel use in 2023

Norway-based shipping company Höegh Autoliners has doubled its biofuel usage from 2022 to 2023 in response to growing demand for green transportation.

about 2 years ago

Johan Sverdrup; Credit: Arne Reidar Mortensen/Equinor

Transition

Oil & gas production on the rise but Equinor’s profit plummets as energy prices go down

Equinor’s net profit in 1Q 2024 has dropped by 46% compared to the figure recorded in 1Q 2023 amid a downturn in oil and gas prices.

about 2 years ago

Transition

CMA CGM and Bpifrance launch €200M fund to decarbonize French maritime sector

France-based shipping major CMA CGM and public sector investment bank Bpifrance have launched a €200 million fund dedicated to accelerating the energy transition in the French maritime industry.

about 2 years ago

EU flag; Courtesy of the European Commission; Credit: Mauro Bottaro

Transition

EU takes another step toward the exit out of ‘fossil dinosaur treaty’ to safeguard green aspirations

The EU is one step closer to pulling out of the Energy Charter Treaty (ECT), as there is no end in sight for the stalemate over revamping its terms.

about 2 years ago