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Business & Finance

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GSP Uranus rig and Antares vessel; Source: Trillion Energy
Business & Finance

Stage set for next phase of multi-well drilling program offshore Türkiye

Trillion Energy has provided an update on activities relating to the operations it plans to perform at a natural gas field offshore Türkiye.

about 2 years ago
Tyra II; Source: TotalEnergies
Business & Finance

TotalEnergies targets partial gas production restart from Tyra II this summer

TotalEnergies is now anticipating that gas production from its giant redevelopment project in the North Sea will partially resume during the summer.

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about 2 years ago
Norwegian firm secures its first seismic node project
Business & Finance

Norwegian firm secures its first seismic node project

Norwegian Electromagnetic Geoservices (EMGS) has secured what it says is its first seismic node project, as part of its strategy to diversify its offerings and enhance vessel utilization. EMGS is set to undertake a fully pre-funded ocean bottom node (OBN) seismic survey in the Barents Sea in collabo

about 2 years ago
Safe Caledonia flotel; Source: Prosafe
Business & Finance

Prosafe flotel finds new job with North Sea oil & gas operator

Prosafe has secured a letter of award (LoI) with Ithaca Energy for work one of its flotels will undertake in the UK sector of the North Sea.

about 2 years ago
Illustration; Source: Ocean Yield
Business & Finance

Ocean Yield’s foray into LNG to add $840 million to its backlog

Ocean Yield has revealed its intention to buy an interest in France’s Geogas LNG from infrastructure fund CVC DIF, which marks its first acquisition in the liquefied natural gas (LNG) segment.

about 2 years ago
First step taken toward development of cable factory in Maryland
Business & Finance

First step taken toward development of cable factory in Maryland

Belgian Cenergy Holdings has passed the first milestone for the development of a cable manufacturing facility in Maryland, the U.S., by reaching a final investment decision (FID). The company announced in April that its U.S. subsidiary Hellenic Cables Americas is planning to build a new cable manufa

about 2 years ago
Shelf Drilling Winner jack-up rig; Source: Shelf Drilling
Business & Finance

TotalEnergies books Shelf Drilling rig for work up to August 2026

TotalEnergies, has handed out a long-term deal to a jack-up rig owned by Shelf Drilling, an offshore drilling contractor.

about 2 years ago
Fenris jacket and PDM installation complete; Source: Aker BP
Business & Finance

WATCH: World’s largest crane vessel installs jacket for North Sea oil project

Aker BP has ticked off another box for its oil field life extension project by putting in place a new jacket in the North Sea with a semi-submersible crane vessel.

about 2 years ago
Celsius Copenhagen (for illustration purposes only); Source: Celsius
Business & Finance

GTT lands tank design gigs for LNG carrier and FSRU

GTT has been hired to design tanks for a liquefied natural gas (LNG) carrier and for a floating storage and regasification unit (FSRU).

about 2 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

Green shift in 2024: Fossil fuels to top $1 trillion but lion’s share of energy investment going to clean power

Clean energy technologies and infrastructure are poised to hit $2 trillion in 2024, which is double the amount going to coal, oil, and gas.

about 2 years ago
Illustration; Source: TotalEnergies
Business & Finance

TotalEnergies chasing business growth through energy transition pursuits with hybrid supercomputer

TotalEnergies has launched a new generation of its supercomputer to help propel its energy transition agenda forward.

about 2 years ago
NKT's cable-layer undergoes upgrades due to growing market demand
Business & Finance

NKT’s cable-layer undergoes upgrades due to growing market demand

Following certification to use biofuels for the vessel, Denmark-based power cable manufacturer and installation company NKT has made a number of upgrades on its cable-laying vessel (CLV) NKT Victoria, said to be prompted by growing market demand and customer requirements. With the aim of boosting it

about 2 years ago
Underwater pipeline that will end gas isolation of two Danish islands gets approval
Business & Finance

Underwater pipeline that will end gas isolation of two Danish islands gets approval

The Danish Energy Agency has given its permission for a natural gas pipeline that will connect two islands with the rest of the Danish gas network to be put into operation. Danish network owners Energinet and Evida want to establish an approximately 115-kilometer-long gas pipeline from Everdrup on Z

about 2 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

Norwegian firm all set to deploy Odfjell Drilling rig for hydrocarbon exploration in North Sea

Aker BP has received the all-clear from Norway’s authorities to use one of Odfjell Drilling’s semi-submersible rigs for operations in the North Sea.

about 2 years ago