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Business Developments & Projects

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18 companies secure a share of €1.56 billion as Equinor extends key agreements
Business Developments & Projects

18 companies secure a share of €1.56 billion as Equinor extends key agreements

Norwegian state-owned energy giant Equinor is extending key supplier agreements for drilling and well services on the Norwegian Continental Shelf (NCS) with a combined value of around NOK 17 billion (approximately €1.56 billion), set to employ around 2,500 people. Equinor reported today, May 4, that

about 5 months ago
Chevron picks GR Engineering Services’ business for its Australian natural gas facilities
Business Developments & Projects
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Woodside in the clear for plug & abandonment ops offshore Australia

Australian energy giant Woodside has received a blessing for its environmental plan (EP) from the country’s offshore regulator for permanent plug and abandonment (P&A) of multiple subsea exploration wells off the coast of Australia.

about 5 months ago
Marine license variation ‘opens door to further innovation’ at Morlais tidal energy scheme
Business Developments & Projects

Marine license variation ‘opens door to further innovation’ at Morlais tidal energy scheme

Menter Môn Morlais has secured regulatory approval to deploy different types of tidal technology within the Morlais tidal energy scheme off the coast of Anglesey in Wales. Natural Resources Wales has approved the company’s application to vary its existing marine license, allowing different types of

about 5 months ago
Illustration: Source: Wood Mackenzie
Business Developments & Projects

Gulf LNG export woes push gas prices up but diversification becomes Europe’s energy lifeline

Given the supply shock that hit the global liquefied natural gas (LNG) markets as a result of the Middle East conflict, Wood Mackenzie, an energy intelligence group, has pointed out that this disruption, which led to a gas price surge, failed to rattle Europe thanks to its investment in diversified

about 5 months ago
Illustration; Source: Next Geosolutions
Business Developments & Projects

NextGeo ups its stake in Rana Subsea to 82.5%

Italy-headquartered Next Geosolutions (NextGeo) has exercised the call option to acquire a further circa 7.1% of Rana Subsea, a compatriot subsea services company established in 1964, bringing its share capital to 82.5%. NextGeo signed a sale and purchase agreement for the acquisition of 75.4% of th

about 5 months ago
Illustration; Source: Wood Mackenzie
Business Developments & Projects

Oil & gas firms step up exploration game to tackle supply shortfall by 2050

As global exploration and production (E&P) players are facing a 40% output drop, Wood Mackenzie, an energy intelligence group, has pointed out that oil and gas companies are increasing high-impact exploration investment to address the 300-billion-barrel supply gap and energy security priorities by 2

about 5 months ago
Recently established green methanol collaboration broadens its scope
Business Developments & Projects

Recently established green methanol collaboration broadens its scope

Hong Kong-headquartered Venture Energy Limited, focused on the procurement and trading of clean fuels, and Shanghai Shenji Energy & Environmental Technology have expanded their recently established collaboration to medium- to long-term offtake, green fuel trial bunkering, trading platforms and techn

about 5 months ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business Developments & Projects

Probe into offshore rig incident uncovers serious breaches

Scotland-headquartered offshore drilling contractor Odfjell Drilling has been served with an order from Norway’s offshore safety regulator, which investigated an incident that resulted in an injury at a semi-submersible rig deployed on the Norwegian Continental Shelf (NCS).

about 5 months ago
CLV Willem de Vlamingh at Fengmiao 1 offshore wind farm
Business Developments & Projects

Jan De Nul installs export cables for Taiwan’s Fengmiao 1 offshore wind farm

Jan De Nul has completed the installation of two export cables for the Fengmiao 1 offshore wind farm, being built by Copenhagen Infrastructure Partners (CIP) 35 kilometers off the coast of Taichung, Taiwan. The two high-voltage subsea cables, measuring 45 kilometers and 44 kilometers, have been inst

about 5 months ago
Norwegian cleantech services firm gets to work on Romania’s first deepwater project
Business Developments & Projects

Norwegian firm pulls off hat trick for rigs working in Europe

Norway-based cleantech service provider Soiltech has secured three new assignments for rigs deployed in the Black Sea, the Netherlands, and Norway.

about 5 months ago
Subsea7
Business Developments & Projects

Subsea7, OneSubsea take on multimillion-dollar job at ExxonMobil’s Angolan oil project

Subsea Integration Alliance (SIA), comprising SLB OneSubsea and Subsea7, has been tasked by U.S.-headquartered energy giant ExxonMobil with the engineering, procurement, construction, and installation (EPCI) scope of work at an oil project in Block 15 off the coast of Angola.

about 5 months ago
Illustration; Source: Australian Energy Producers (former APPEA)
Business Developments & Projects

Higher oil prices put $80 billion more on Australia’s tax horizon

Australian Energy Producers (AEP), representing the country’s upstream oil and gas exploration and production industry, has pointed out that the findings of a recent report reinforce the benefits of Australia’s existing fiscal framework, including the Petroleum Resource Rent Tax (PRRT), with the spi

about 5 months ago
DNV’s scope at UK’s first offshore CCS project expands with independent certifier role
Business Developments & Projects

DNV’s scope at UK’s first offshore CCS project expands with independent certifier role

DNV has been selected as the independent certifier for Northern Endurance Partnership (NEP), the UK’s first offshore carbon capture and storage (CCS) project, and will verify that the project’s construction and operation comply with the carbon dioxide transport and storage licence (CO2 T&S license)

about 5 months ago
FPSO Montara Venture; Source: Jadestone Energy
Business Developments & Projects

Green light for wellhead removal ops at Australian oil field

AIM-listed and Singapore-headquartered oil and gas player Jadestone Energy has received a stamp of approval for its environmental plan (EP) from the country’s offshore regulator for wellhead removal activities at its oil field off the coast of Australia.

about 5 months ago