Business & Finance
Saipem forms energy transition services joint venture
Italian oilfield services provider Saipem and consulting and advisory services provider Hyperion Systems Engineering have joined forces to create a new company specialised to support clients in the energy transition.
Robots could save billions in drilling costs but risk oil & gas jobs, Rystad says
Robots could replace hundreds of thousands of oil and gas jobs and save billions in drilling costs by 2030, according to a report by Rystad Energy.
Aker BP obtains safety consents for vessel operations in Norway
Norwegian oil and gas company Aker BP has received two consents from the country’s offshore safety regulator, the Petroleum Safety Authority.
Ørsted and NOAA ink offshore wind data sharing agreement
Ørsted has signed a Memorandum of Agreement (MOA) with NOAA to share physical and biological information and data in Ørsted-leased waters offshore the United States. Sharing of the data and information resources will be used to plan and ensure the effective deployment, sustainable operation and main
Sapura Energy in $2.5bn debt refinancing
Malaysian energy services provider Sapura Energy has sealed the deal with banks for a $2.5 billion debt refinancing for the duration of seven years.
TAQA to reduce exposure to oil & gas in energy transition push
TAQA has made plans to reduce exposure to the hydrocarbons sector and for renewables to make up 30% of its portfolio by 2030 in energy transition push.
Vår Energi secures permits for four North Sea wells
The Norwegian Petroleum Directorate has granted Vår Energi a drilling permit for four wells located in the North Sea offshore Norway.
Fugro agrees $16M Seabed Geosolutions sale
Dutch survey contractor Fugro has reached a binding agreement with PXGEO Seismic Services to sell certain assets and the related business of its non-core subsidiary Seabed Geosolutions for $16 million in cash.
Prysmian inks € 200 million export cable contract for Sofia offshore wind farm
Prysmian Group and RWE Renewables have finalised the contract for the export cable connection of the 1.4 GW Sofia offshore wind farm, worth more than € 200 million. The contract, which follows the preferred bidder agreement from November 2020, includes the development of the turn-key high voltage su
Floatel gets Martin Linge extension
Floatel International has been awarded a contract extension for one of its units from Equinor for operations on the Martin Linge field offshore Norway.
Mitsui E&S, Tsuineishi push forward with consolidation efforts
Japanese shipbuilders Mitsui E&S Shipbuilding Co. and Tsuneishi Shipbuilding have agreed on the main terms and conditions of a business tie-up further driving consolidation in the sector. Mitsui announced plans to split its naval ship business and merchant shipbuilding business as part of its Mid-Te
BOEM to kick-start Ocean Wind environmental review
The U.S. Bureau of Ocean Energy Management (BOEM) has released the Notice of Intent (NOI) to launch the formal environmental review for Ørsted’s Ocean Wind project offshore New Jersey. The NOI announces the preparation of the Environmental Impact Statement (EIS) for the Construction and Operations P
OGCI bankrolls NextDecade’s carbon reduction push
OGCI Climate Investments fund is set to invest $10 million in NextDecade, through a stock purchase, further supporting the latter’s efforts of delivering the lowest end-to-end emission LNG.
Lamprell eyes revenue streams from digital ventures
Injazat and Lamprell have entered into a JV agreement to create and market innovative digital solutions focusing on the renewables and oil & gas industries.