Business & Finance
Ithaca sanctions next stage of North Sea project to boost recovery
Ithaca Energy has sanctioned the Captain Enhanced Oil Recovery Stage 2 project in the UK Central North Sea.
Waves4Power targets global markets with Bnd-Engineering partnership
Swedish company Waves4Power has formed strategic partnership with Dutch engineering specialist Bnd-Engineering in a move to commercialize and deploy its WaveEL wave energy system globally.
Maersk Drilling firms up $370 million deal with Tullow
Maersk Drilling has been awarded a contract from Tullow for the provision of the drillship Maersk Venturer for operations off Ghana.
Everfuel inks hydrogen supply deal for zero-emission ship concept
Danish green hydrogen fuel provider Everfuel A/S has signed a Memorandum of Understanding (MOU) with an undisclosed German-Norwegian shipping company for the supply of hydrogen to a new zero-emission shipping solution. Under the cooperation deal, Everfuel will be responsible for delivery of hydrogen
Petrobras postpones Mero 1 first oil due to FPSO delays
Petrobras has revealed that the first production from its Mero 1, through FPSO Guanabara, has been postponed due to FPSO construction delays.
Halliburton and Optime Subsea forge global alliance
Oilfield services giant Halliburton has formed a global strategic alliance with Optime Subsea to jointly commercialize and deploy subsea interventions and controls.
Petrofac extends $700 million loan
Oilfield services provider Petrofac has extended $700 million of its banking facilities at its request with the unanimous support of lenders.
Zero-emission wind turbine installation solution gets financial push
Nekkar has secured a NOK 21 million grant from Innovation Norway to progress with the development of SkyWalker, its disruptive wind turbine installation solution. SkyWalker uses active heave compensation derived from offshore lifting systems combined with digital solutions that allow for remote-cont
Simec Atlantis in talks with UK government for MeyGen’s next phase
Simec Atlantis has informed about ongoing talks with the UK government regarding the support mechanisms necessary for the expansion of the MeyGen tidal energy project.
Norwegian oil fund partners with Ørsted on Borssele 1&2 offshore wind farm
Ørsted has signed an agreement with Norges Bank Investment Management (NBIM) to divest a 50% ownership share in its Borssele 1 & 2 offshore wind farm in the Netherlands. As part of the deal, Ørsted will continue to provide long-term operations and maintenance services from its O&M base at the Port o
Jersey closes purchase of CIECO V&C from Japanese owners
North Sea-focused Jersey Oil & Gas (JOG) has now completed its acquisition of the entire issued share capital of CIECO V&C.
Facebook to buy power from Sunseap’s offshore floating solar farm
Sunseap Group has signed a multi-year virtual power purchase agreement (VPPA) with Facebook for solar power from Singapore’s largest offshore floating solar farm.
ABB and Siemens to handle electrical equipment on all Equinor facilities
ABB and Siemens Energy are awarded framework agreements by Equinor for providing the service of electrical equipment on all installations in Norway.
Shell takes Maersk drillship for four Malaysian wells
Maersk Drilling has secured a contract with Shell for the 7th generation drillship Maersk Viking to drill offshore Malaysia.