Business & Finance
Disappointing results for Equinor in North Sea well duo
Norway’s oil and gas company Equinor has drilled dry wells near the Fram field in the North Sea off Norway.
Harbour Energy hires platform supply duo from Solstad
Norwegian vessel owner Solstad Offshore has signed long-term contracts with Harbour Energy for two large platform supply vessels.
Shell to boldly go and speed up emission cuts as Dutch court ruling bites
Shell has pledged to take some bold but measured steps to accelerate the reduction of carbon emissions after a recent ruling by a Dutch court.
Tullow Oil seals Dussafu Marin stake sale to Panoro
Oil and gas company Tullow Oil has completed the sale of its Dussafu Marin permit asset in Gabon to Oslo-listed Panoro Energy.
ExxonMobil cheers fresh discovery off Guyana
Oil major ExxonMobil has made a discovery at Longtail-3 in the Stabroek Block offshore Guyana, using the Stena DrillMAX drillship.
Orcadian Energy seeking admission to London Stock Exchange
The North Sea-focused oil and gas development firm Orcadian Energy is intending to seek admission of its shares to trading on the AIM market of the London Stock Exchange.
Norway calls for exploration bids in mature areas
Norway and its Ministry of Petroleum and Energy has announced this year’s licensing round for the geologically best-known parts of the NCS
Yinson to do pre-FEED work on TotalEnergies’ FPSOs in Angola, Suriname
French oil major TotalEnergies has chosen Malaysian FPSO provider Yinson for preliminary front-end engineering design (pre-FEED) for two FPSO projects to be installed in Block 20/21 in Angola and Block 58 in Suriname.
Nexans holds naming ceremony for CLV Aurora
Nexans and Ulstein Verft have held the naming ceremony for the newbuild DP3 cable laying vessel (CLV) Nexans Aurora. Despite the Covid-19 pandemic, the project progress has been steady and the vessel was delivered on time on 31 May, three years after the signing of the shipbuilding contract, Ulstein
As clean energy hub, Bacton could remain crucial to UK’s energy mix for decades – study
A study has concluded that Bacton is ideally positioned to become a significant hub for clean, green energy in the road to net-zero by 2050.
Eco Wave Power joins Digital Twin of the Ocean project
Eco Wave Power has joined the EU-funded ILIAD project focused on developing and launching an innovative digital twin of the ocean. The Swedish company will be granted €178,500 from the €17 million that the ILIAD consortium secured by the European Union as part of the €1 billion European Green Deal.
CLV Leonardo da Vinci sets sail
Prysmian’s new cable laying vessel (CLV) Leonardo da Vinci has completed its first trip to open sea and is ready to begin sea trials. After completing the last outfitting phases, Leonardo da Vinci will undergo sea trials for approximately two weeks and will run three turns of tests. After draught re
Jadestone to close Maari field deal in 2H 2021
Jadestone Energy expects to complete the acquisition of the Maari asset, located offshore New Zealand, from OMV in 2H 2021.
Worley gets engineering, procurement gig on Ithaca’s Captain field
Australian engineering company Worley has been awarded a two-year contract for the provision of engineering and procurement services to Stage 2 of Ithaca Energy’s Captain enhanced oil recovery (EOR) project in the central North Sea.