Business & Finance
Chevron teams up with Enterprise to pursue CCUS projects
Chevron and Enterprise will study and evaluate opportunities for CCUS from their business operations in the U.S. Midcontinent and Gulf Coast.
High Tien Offshore to build Taiwan’s first large cable laying vessel
High Tien Offshore Engineering (High Tien Offshore) – a company led by a former CSBC president and chairman of CSBC’s joint venture with DEME – is set to invest in a large cable laying vessel (CLV) which will serve the offshore wind market in Taiwan. “Following the investment by CDWE in a large floa
Regulator grants drilling permit to Ineos for Norwegian Sea well
The Norwegian Petroleum Directorate has granted INEOS E&P Norge a drilling permit for a wildcat well located in the Norwegian Sea.
Orbital to lead EU-backed floating tidal net-zero project
Scottish Orbital Marine Power is set to lead a pan-European consortium to deliver the €26.7 million FORWARD-2030 project dedicated to accelerating the commercial deployment of floating tidal energy.
Ocean Yield to get new owner
Octopus Bidco AS, a company owned by funds advised by American investment company Kohlberg Kravis Roberts & Co. L.P. (KKR) and its affiliates, has initiated the process to acquire Norwegian shipowner Ocean Yield ASA.
Over half of Gulf of Mexico oil output back online
Oil and gas operators in the U.S. Gulf of Mexico are redeploying personnel and restarting production at their assets after Hurricane Ida.
Siem Offshore upgrades PSV with hybrid battery package
Siem Offshore confirmed on Saturday that its dual-fuel platform support vessel Siem Symphony was upgraded with a hybrid battery package.
UK adds €262 million to biggest ever renewable energy support scheme
The UK has decided to support renewable energy projects through its latest Contracts for Difference (CfD) auction with an additional €265 million, of which €55 million per year has been earmarked for wave, tidal, floating wind and geothermal energy projects. Divided into three pots, this will be the
Penspen wins $70 million worth of new deals in Middle East and Africa
Engineering and management services provider Penspen has secured over $70 million worth of new contracts in the Middle East and Africa.
Aker Solutions to modify Ekofisk topsides for Tommeliten Alpha tie-back
Aker Solutions has been awarded a large topside modification contract by ConocoPhillips for the Tommeliten Alpha project offshore Norway.
BW Offshore in partnership for equity financing of Barossa FPSO
BW Offshore has entered into a partnership with international infrastructure investors for the equity financing of the Barossa FPSO.
Europe could gain €140bn from ocean energy by 2050, study suggests
ETIP Ocean has released results from the Gross Value Added (GVA) study stating that there is a significant benefit to be generated by supply chain activity servicing global (European and non-European) deployments of ocean energy to 2050.
Siemens to supply equipment for Equinor’s North Sea electrification project
Siemens Energy has won a contract from Aker Solutions to provide equipment for the electrification of Equinor’s Troll West project.
Nexans in export cable talks for ‘major’ UK offshore wind project
Nexans revealed on 10 September that the company had entered into exclusive negotiations for the supply and installation of both onshore and offshore export cables for an offshore wind project in the UK. The cable manufacturer has not disclosed any specifics about the project and its client, noting