Worldwide dependence on oil and gas has been in evidence ever since the Ukraine crisis started, casting doubt over the pace and the lengths the world is prepared to go to in order to embrace decarbonisation. While the shift to green energy investments is undoubtedly both necessary and inevitable, the current global energy security concerns have – to an extent – pushed it aside as pure oil plays have dominated the energy market and trumped low-carbon diversification so far this year. Or have...
Worldwide dependence on oil and gas has been in evidence ever since the Ukraine crisis started, casting doubt over the pace and the lengths the world is prepared to go to in order to embrace decarbonisation. While the shift to green energy investments is undoubtedly both necessary and inevitable, the current global energy security concerns have – to an extent – pushed it aside as pure oil plays have dominated the energy market and trumped low-carbon diversification so far this year. Or have...
Oslo-listed jackup rig owner Borr Drilling has secured a letter of award (LOA) from UAE-based Mubadala Petroleum for the 2013-built drilling rig Mist. The jackup has been booked for work in Thailand and is expected to commence in January 2023 and last for 210 days. Borr said the value of the...
https://splash247.com/borr-drilling-secures-more-work-for-jackup-in-thailand/
Former Russian employees of Finnish marine technology firm Wärtsilä have established a new company after the latter halted its operations in the country. The company called EMCT (Evolution of Marine Digital Technologies) was founded in St. Petersburg in June by Andrey Sitkov and Vladimir Ponomarev,...
https://splash247.com/former-wartsila-employees-in-russia-set-up-their-own-business/
Norwegian offshore seismic acquisition specialist PGS has entered into an agreement with deepC Store (dCs) which will see PGS become a major shareholder in the Australian carbon capture and storage (CCS) project developer. The two companies have struck a deal for dCS to issue shares to PGS in...
Capital Product Partners (CPLP) is looking to raise up to €100m ($100.3m) in Greece through unsecured bonds which will be admitted to trading on the Athens Exchange. The Nasdaq-listed Greek owner said it intends to use the net proceeds of the offering for vessel acquisitions, debt repayment and...
https://splash247.com/capital-product-partners-unveils-athens-100m-bond-sale-plan/
Greece’s ongoing port privatisation plans have turned to Alexandroupolis in the far northeast of the country near Bulgaria and Turkey. A July 29 deadline has been set for bids to take over the port while investors are also being sought for the northwestern port of Igoumenitsa for which an August 5...
https://splash247.com/greek-ports-privatisation-moves-ahead/
Finnish marine technology firm Wärtsilä said it will scale down its manufacturing in Trieste, Italy, in a move which is expected to impact 450 employees with potential redundancy. The discussions between Wärtsilä, employee representatives, as well as Italian authorities and institutions, will start...
https://splash247.com/wartsila-to-cut-up-to-450-jobs-in-italy/
A group of European and Japanese researchers have been working to develop processes to optimise CO2 hydrogenation in terms of energy efficiency and production cost to produce e-methanol for transport, including ocean shipping. Under the so-called Laurelin project, backed by the EU and Japan, ten...
https://splash247.com/europe-and-japan-team-up-to-slash-methanol-production-costs/
Danish fund manager Copenhagen Infrastructure Partners has joined forces with real estate investment firm Tokyu Land Corporation (TLC) to develop an offshore wind farm in northern Japan. The partners have established a new joint venture company, Aomori South Offshore Wind GK, which is developing...