Business Developments & Projects
Green light for Norwegian oil & gas player to spin the drill bit at North Sea prospect
Wellesley Petroleum has received consent from Norway’s regulator for exploration drilling in the Norwegian Sea.
Shell says derivative action attempt against its board over climate risk has ‘no merit’
With legal action over climate risk looming on the horizon, Shell denies allegations made against its board, vowing to oppose the derivate claim application.
While contributing to Europe’s energy security, Equinor rakes in all-time high profits
Equinor has more than doubled its annual profit in 2022, setting a new record driven by higher energy prices and growing demand.
Onshore cable installation done for Viking Link
Prysmian has completed the installation of the UK land cable section for the 1.4 GW Viking Link interconnector between the UK and Denmark. The team completed the installation of the 135-kilometer cable section between the converter station and the landfall located on a beach in Lincolnshire at the b
TGS scores new OBN contracts
Norwegian seismic player TGS has teamed up with CGG, the French geophysical services company, to carry out the acquisition and imaging of a dense ocean bottom node (OBN) multi-client seismic survey in the Balder and Ringhorne areas of the Norwegian Continental Shelf (NCS).
Petrogas picks umbilicals provider for North Sea gas fields
JDR, part of TFKable Group, has secured a contract from Petrogas E&P Netherlands for the supply of two umbilicals for offshore conventional gas fields in the Netherlands. The A15 and B10 fields are located in quads A and B, in a shallow water depth of 115 feet, and are expected to recover 17.25 Mmbo
Montenegro and US agree on energy cooperation, LNG terminal included
Montenegro’s Minister of Finance, Aleksandar Damjanović, and representatives of the United States (US) Department of State have discussed the economic relations between the two countries with an emphasis on cooperation in the field of energy, agreeing to take action in regard to the Bar LNG terminal
Elengy and Delta Rail launch new LNG container loading service
French LNG expert Elengy, a part of ENGIE Group, has teamed up with compatriot solutions operator Delta Rail to launch a new LNG container loading service from multimodal platforms remote from the LNG terminals operated by Elengy. Namely, Elengy operates Montoir-de-Bretagne on the Atlantic coast, Fo
Green Volt on track to power UK oil & gas platforms by mid-2020s
Flotation Energy and Vårgrønn have submitted a Marine Licence application for the Green Volt floating offshore wind farm. This consent application could allow the project to start generating power in the mid-2020s, making it the most advanced oil and gas decarbonisation project in the UK, the develo
Greek cables ordered for Croatian subsea cable replacement project
Greece’s Hellenic Cables has signed a contract with Croatian contractor Končar Group for the supply of high-voltage submarine cables, accessories and related services for a project to replace outdated cable lines in the Adriatic Sea. For the project by the Croatian transmission system operator HOPS,
Comerc, Casa dos Ventos team up with Transhydrogen Alliance for ammonia
Brazilian energy companies Comerc Eficiência and Casa dos Ventos have signed a Memorandum of Understanding (MoU), that includes ammonia, with the TransHydrogen Alliance (THA), a consortium formed by Proton Ventures, GES, Trammo DMCC, and Varo Energy, whose objective is to create new supply chains fo
Xeneta launches container industry’s 1st emissions ‘heroes and villains’
Global data analytics firm Xeneta has launched a campaign to rank the environmental performance of carriers across the world’s top 13 shipping trades. The firm is using the Carbon Emissions Index (CEI), a tool developed by Xeneta and Marine Benchmark, to evaluate carriers’ emissions levels in the ma
Nova Innovation puts on pause its tidal energy project in Wales
Tidal energy company Nova Innovation has decided to scale back its Enlli tidal energy project off the Llyn Peninsula, in Wales.
Reach Subsea books Olympic Subsea vessel for decommissioning gig
Norway’s Reach Subsea has secured a contract and vessel capacity to deliver a decommissioning scope in the North Sea for an undisclosed client. The contract represents about 40 project days for execution in the first quarter of the year and will see the utilization of the vessel Olympic Delta. Reach