Business & Finance
Tullow Oil chair decides to step down
UK-based non-executive chairperson of oil and gas firm Tullow Oil has decided to step down from the board of the company.
OMV gearing up for North Sea well
The Norwegian Petroleum Directorate (NPD) has granted OMV a drilling permit for a well in the North Sea offshore Norway.
Normand Ocean to undergo update as it scores new DeepOcean contract
Solstad Offshore has signed a new contract with DeepOcean for its construction support vessel (CSV) Normand Ocean. Normand Ocean, which has been on contract with DeepOcean since 2014, will now be on firm contract until the end of 2023. The CSV will be utilized on DeepOcean’s inspection, maintenance,
McDermott wraps up offshore campaign for Reliance in India
McDermott has completed work on Reliance Industries’ KG-D6 Satellite Cluster Project, off the east coast of India.
Ørsted raises its own 2030 offshore wind bar to 30 GW
Ørsted has decided to accelerate its global build-out of renewable energy and has now set a goal to reach around 50 GW of installed renewable energy capacity by 2030, of which 30 GW will come from offshore wind. Reaching this target will see the company investing approx. DKK 350 billion (approx. € 4
Subsea Integration Alliance confirms Bacalhau gig
Subsea Integration Alliance, the partnership between Subsea 7 and OneSubsea, has officially secured the EPCI contract with Equinor for the Bacalhau field in Brazil. The work scope covers the engineering, procurement, construction and installation (EPCI) of the subsea pipelines (SURF) and production
Mission Innovation 2.0 to spearhead $250 billion clean energy innovation decade
At the global Innovating to Net Zero Summit, 23 governments responsible for over 90% of global public investment in clean energy have collectively launched bold new plans to catalyze action and spearhead a decade of innovation to drive global investment in clean energy research, development and demo
Biden’s move to suspend oil and gas leases in Arctic Refuge labelled ‘outrageous’
U.S. President Joe Biden has suspended oil and gas leases in the Arctic National Wildlife Refuge, reversing former President Trump’s decision.
Ingine bags USAID grant to advance wave power plant in Vietnam
South Korean wave energy developer Ingine has received support from the United States Agency for International Development (USAID) to advance its planned wave power plant in Vietnam.
Neptune creates digital twins for North Sea platforms
Neptune Energy has announced the digitisation of five of its operated offshore platforms in the Dutch, Norwegian, and the UK North Sea.
Siem Dorado traveling to South America after North Sea job
Siem Offshore has secured a contract for its multi-purpose support vessel (MPSV) Siem Dorado offshore Guyana. The work scope, on behalf of charterers, will consist of fibre optic cable lay, support and hook-up. The deal includes a 55 days firm contract, plus options, in addition to mobilization and
Equinor gets nod to use Floatel unit on Martin Linge
Norway’s PSA has given Equinor consent to use a Floatel International-owned accommodation rig on the Martin Linge field off Norway.
Saga Pure invests in LNG and hydrogen technologies
Norwegian green investment company Saga Pure has completed NOK 30 million ($3.6 million) investment in IC Technologies, a company for liquid hydrogen and LNG storage solutions.
Norwegians developing subsea 3D printing tech
Norway’s Kongsberg Ferrotech has teamed up with Equinor, SINTEF and Gassco to develop and test 3D printing technology as a repair method on the seabed. The 3D printing technology will be integrated in the company’s underwater maintenance and repair robot the Nautilus. According to Kongsberg Ferrotec