Business & Finance
Petrofac wins one-year extension with NEO Energy
Oilfield services provider Petrofac has been awarded a one-year extension to its integrated services contract with NEO Energy.
NordLink ‘green cable’ becomes fully operational
TenneT and partners Statnett and KfW have taken over the NordLink high-voltage direct current (HVDC) transmission system between Norway and Germany, marking the end of the interconnector’s trial operation.
Stena rig en route to Ireland ahead of decom campaign
Stena Spey is now on its way to Ireland and the Celtic Sea ahead of a decommissioning campaign at Kinsale fields.
ExxonMobil still testing Liza FPSO after compressor repairs
ExxonMobil is in the final stages of testing the flash gas compression system on the Liza Destiny FPSO following technical issues.
EnQuest files decom plans for Heather topsides
UK oil and gas company EnQuest has filed its decommissioning programme for the Heather Alpha platform topsides to the country’s authorities.
Swedish Energy Agency funds NoviOcean wave energy prototype
Swedish Energy Agency has approved funding support of SEK 5.6 million (€550,000) for the project looking to advance Novige’s NoviOcean wave energy device.
Seatronics hires Outreach Offshore to build ‘Mini LARS’ systems
Outreach Offshore has been commissioned by Seatronics to design and build three bespoke ‘Mini LARS’ systems.
Petrobras agrees on rules for Sepia, Atapu offshore fields sale
Brazilian state-run oil company Petrobras has approved an agreement with the government for compensation that must be paid to the company in the event of an auction of reserves in two offshore oil areas.
Equinor gearing up to drill two North Sea wells
The Norwegian Petroleum Directorate (NPD) has granted Equinor a drilling permit for the drilling of two wells located offshore Norway.
Ashtead inks deal with Zetechtics for ROV tooling tech
Integrated subsea technology and services provider Ashtead Technology has signed a deal with Zetechtics to offer customers a range of new ROV tooling technologies.
Eni revealed as buyer of block offshore Vietnam
Eni has revealed itself as the buyer of KrisEnergy’s Block 115/09, located offshore Vietnam following the completion of the acquisition.
Gasrec buys bio-LNG assets
UK’s gas supplier Gasrec has acquired five bio-LNG refueling stations and four cryogenic trailers, reinforcing its commitment to transition from diesel to a cleaner fuel.
Euronav fixes $95M in green financing
Belgian tanker owner Euronav NV has signed an €80 million ($95 million) sustainability-linked financing deal, the company revealed. The move brings the share of facilities with an integrated sustainability component in the company’s total to 31.5%. The unsecured revolving credit facility has been co
Santos CEO gets incentive to deliver key projects, energy transition
Australian energy giant Santos has decided to provide the company’s managing director and chief executive officer (CEO) with a one-off growth projects incentive to ensure successful delivery of Santos’ major growth projects and energy transition strategy to 2025.