Business Developments & Projects
Appraisal of gas/condensate discovery boosts resource estimate
Wintershall Dea has drilled an appraisal well, which led to a minor increase in the resource estimate for a gas/condensate discovery in the Norwegian Sea.
WoodMac: Are shifts in energy policy on the cards for oil & gas ecosystem and which forces will be at play in 2024?
While offering its predictions for 2024, Wood Mackenzie has outlined several key themes to watch in global and corporate upstream sectors.
High client demand brings ‘strong’ 2023 to Fugro
Fugro has reported revenue of €2.2 billion for 2023, a 27.5% growth from €1.7 billion in 2022, said to be driven by high client demand in energy markets. For the full year of 2023, Fugro reported it had realized revenue growth on a currency-comparable basis by capturing high client demand in the off
PGS makes energy-efficient move for eight of its vessels
Norwegian seismic company PGS is switching to energy-efficient lighting for eight of its seismic vessels as part of its sustainability targets and desire to comply with emission reduction targets and new regulations. PGS appointed compatriot lighting company Glamox to deliver energy-saving lighting
Topsoe’s ammonia technology picked for new hydrogen project in South Korea
Danish technology company Topsoe has signed an engineering agreement with the South Korean industrial supplier of hydrogen Approtium to convert low-carbon ammonia into hydrogen using its H2RETAKE technology. Specifically, Topsoe said the company will deliver its technology to Approtium’s project in
Exclusive interview with Tankers International CEO: VLCC pooling’s role poised to grow with energy transition demands rising
OE spoke with Charlie Grey, Tankers International’s CEO, on how its members are doing business amid the decarbonization and digital transformation.
Tragedy strikes during training exercise as helicopter crash ends in fatality
One of Bristow Group’s search and rescue (SAR) helicopters was involved in an accident around 15 nautical miles west of Bergen off Norway.
Sulmara expands its services with new business line
Subsea specialist Sulmara has launched a new business line, expanding its services with the aim of reducing the risks clients face in subsea operations and helping them meet their net-zero targets. The new Route Development business line will see the company provide a range of support from the plann
Three partners unite for landmark hybrid wind-solar farm offshore Italy
Dutch-Norwegian floating solar developer SolarDuck, Italian independent asset manager Green Arrow Capital and New Developments s.r.l., an Italian developer, have agreed to collaborate on the development of an offshore hybrid wind-solar farm in the Gulf of Taranto offshore Italy. The three companies
HH2E and Siemens Energy forge green hydrogen ties
German companies HH2E and Siemens Energy have partnered up to address the future green energy needs of HH2E, focusing specifically on the provision of high-voltage systems, power transformers and beyond, essential for the operation of HH2E’s large-scale green hydrogen production units across Germany
Atlantic Oceanic buys MPSV as part of its ongoing fleet growth program
Offshore ship-owning group Atlantic Oceanic (UK) has acquired an advanced DP2 multi-purpose supply vessel (MPSV) as part of its ongoing fleet growth program. The vessel, named Atlantic Spirit and previously known as Tek-Ocean Spirit, is an 87-meter-long specialist MPSV equipped with a DP2 dynamic po
UK firm expands its portfolio with gas discovery and several prospects West of Shetland
Viaro Energy, through its operating subsidiary RockRose Energy, has secured full ownership interest in a license located West of Shetland.
TotalEnergies inks 16-year LNG supply deal with Sembcorp
French energy major TotalEnergies and Sembcorp Fuels, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, have signed a sale and purchase agreement (SPA) for the long-term LNG delivery to Sembcorp. Specifically, the deal entails the delivery of up to 0.8 million tons of LNG per annum (
After a year of active tendering, Subsea7’s backlog hits year-end level last seen in 2013
After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the