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Transition

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Subsea7 has won a “sizeable” contract for subsea infrastructure in the U.S. Gulf of Mexico, described as one worth between $50 and $150 million.
Transition

Subsea7’s backlog remains ‘robust’ with high tendering in subsea and offshore wind

Subsea7 has reported a “robust” backlog of $10.4 billion in its financial results for the first quarter of 2024, with tendering activity high in both the subsea and offshore wind sectors. To remind, in the financial results for the full year of 2023, Subsea7 reported it had secured $7.4 billion of c

about 2 years ago
Congo FLNG; Source: Eni
Transition
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Sharp fall in gas prices brings Eni slump in profit

With natural gas prices being nearly cut in half, Italy’s energy giant Eni has seen a 46% drop in net profit in the first quarter of 2024 compared to the sum collected in the same period last year.

about 2 years ago
Science Based Targets initiative approves Fugro's net-zero targets
Transition

Science Based Targets initiative approves Fugro’s net-zero targets

The Science Based Targets initiative (SBTi) has approved Fugro’s near- and long-term science-based emissions reduction targets. Fugro’s net-zero target spans all three emission scopes, with the ultimate goal of achieving net-zero greenhouse gas (GHG) emissions across the value chain by 2050. “This v

about 2 years ago
Maersk Training, Green Marine to teach seafarers how to operate methanol-fueled ships
Transition

Maersk Training, Green Marine to teach seafarers how to operate methanol-fueled ships

Maersk Training, part of Danish shipping giant A.P. Moller-Maersk, and compatriot Green Marine, a pioneer in methanol-powered maritime solutions, have entered into a strategic partnership to establish Maersk Training powered by Green Marine.

about 2 years ago
Illustration; Source: Europa Oil & Gas
Transition

Gas discovery at Irish prospect could bring down emissions stemming from energy imports, report finds

Europa Oil & Gas has published a report suggesting that its prospect offshore Ireland could help curb the firm’s carbon footprint.

about 2 years ago
After LS Cable & System, Hellenic Cables gets financial push for US cable factory
Transition

After LS Cable & System, Hellenic Cables gets financial push for US cable factory

Hellenic Cables Americas, the U.S. subsidiary of Cenergy Holdings, has received financial support from the U.S. Department of Energy (DOE) for its planned cable manufacturing facility in Maryland. Hellenic Cables Americas is planning to build a new cable manufacturing facility in Baltimore, Maryland

about 2 years ago
IBIA
Transition

IBIA and BIMCO to jointly address fuel and maritime challenges

The International Bunker Industry Association (IBIA), the voice of the global bunker industry, and BIMCO, the world’s largest international shipping association, have signed a memorandum of understanding (MoU) to collaborate on some of the monumental challenges and opportunities within the areas of

about 2 years ago
Mocean Energy's wave energy converter back to shore after 12-month offshore testing
Transition

Mocean Energy’s wave energy converter back to shore after 12-month offshore testing

Mocean Energy’s Blue X wave energy converter and Verlume’s Halo underwater battery storage system have returned to shore after over 12 months of testing at sea off Orkney as part of the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment.

about 2 years ago
Ivar Aasen platform; Source: Aker BP
Transition

Aker BP’s North Sea field comes on stream

Aker BP has started production from a field in the North Sea, which has been tied back to an existing platform off the coast of Norway.

about 2 years ago
Illustration; Source: DNV
Transition

Interview: Shaping up UK’s gas infrastructure to get it ready for hydrogen bonanza

Can hydrogen overcome the obstacles in its path to show it is the real deal in the fight against climate change?

about 2 years ago
Illustration; Source: North Sea Transition Authority (NSTA)
Transition

UK oil & gas player slapped with £100K fine in venting breach suppression drive

NSTA has given NEO Energy a fine in a clampdown on venting and flaring lack of oversight on the UK Continental Shelf (UKCS).

about 2 years ago
New agreements to solidify Spain and Netherlands’ hydrogen connection
Transition

New agreements to solidify Spain and Netherlands’ hydrogen connection

Port of Amsterdam, together with international partners, has signed two agreements on green hydrogen and hydrogen derivatives. Additionally, Evos signed an MoU with Cepsa to explore hydrogen export out of the south of Spain to Amsterdam.

about 2 years ago
World’s longest interconnector officially launched
Transition

World’s longest interconnector officially launched

Deemed the world’s largest interconnector, Viking Link, connecting the UK and Denmark, has officially been inaugurated. The £1.7 billion Viking Link, which started operating on December 29, 2023, has a capacity of 1.4 GW and stretches for 475 miles under land and sea, joining the Bicker Fen substati

about 2 years ago
WSC
Transition

WSC urges EU to work with industry on shipping’s net-zero journey

The World Shipping Council (WSC), the united voice of liner shipping, has called on the European Union to design policy frameworks that facilitate the essential role of shipping in a globally connected economy and to forge the path to net-zero shipping by 2050 in partnership with industry.

about 2 years ago