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Business & Finance - Offshore Energy

Business & Finance

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Transocean Enabler rig; Credit: Jan Arne Wold/Equinor

Business & Finance

Oil & gas exploration hit and miss in Barents Sea as Norwegian shelf continues its development

Aker BP and Equinor have completed drilling operations in the Barents Sea, which was recently expanded with new acreage in APA 2024.

about 2 years ago

Scottish tidal energy developer Nova Innovation and RSK have launched AuqaGen365, a joint venture (JV) set to design, build, and install floating solar power stations across the globe.

Business & Finance

Nova Innovation and RSK establishes floating solar joint venture

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Scottish tidal energy developer Nova Innovation and RSK have launched AuqaGen365, a joint venture (JV) set to design, build, and install floating solar power stations across the globe.

about 2 years ago

Business & Finance

2019-built survey catamaran changes owner, set to serve European offshore wind

Surveying and mapping services provider Darkocean has added a multi-role workboat/survey catamaran to its fleet which will be used for offshore wind projects across the UK and Northern Europe. Darkocean has taken delivery of the 10-meter-long Coastal Observer from Purus, formerly known as HST Workbo

about 2 years ago

Business & Finance

Flurry of green hydrogen and ammonia deals underpins EU-Egypt partnership

The Egyptian government and the EU are advancing green hydrogen and green ammonia incentives through new private investment agreements.

about 2 years ago

Business & Finance

Italian energy giant books Norwegian gas supplies until mid-2030s

Vår Energi has secured a contract extension with Eni, enabling it to provide the oil major with natural gas for an additional 12 years.

about 2 years ago

Business & Finance

NIBC sells $1B shipping portfolio to Hamburg Commercial Bank

Dutch commercial bank NIBC has reached an agreement to sell its shipping portfolio of senior secured loans of $992 million to Germany’s Hamburg Commercial Bank (HCOB).

about 2 years ago

Northern Lights carbon storage and transport project in Norway (for illustration purposes); Source: Equinor

Business & Finance

EU’s exit from embattled fossil fuel-loving treaty in the home stretch: New dawn breaking over 20-year sunset clause

The final push toward withdrawal the EU has taken to severe its Energy Charter Treaty (ECT) ties in a year is perceived as the right path to unleashing its green agenda.

about 2 years ago

Business & Finance

Embracing key tools to navigate overlapping oil & gas, offshore wind, and carbon storage areas

Co-location conflicts between oil and gas projects, offshore wind farm developments, and carbon capture and storage (CCS) undertakings have emerged as an issue in the United Kingdom (UK).

about 2 years ago

Illustration; Credit: Oyvind Gravas Bo B Randulff/Equinor

Business & Finance

Equinor prolongs Archer’s North Sea assignment for 24 months

Oil services company Archer has won a two-year contract extension with Norwegian state-owned energy giant Equinor in the North Sea.

about 2 years ago

Business & Finance

‘No transition without transmission’ as Europe needs at least 5 new electricity corridors, CEO of Greek TSO says

“There can be no transition without transmission,” Manos Manousakis, Chairman and CEO of Greek electricity grid operator Independent Power Transmission Operator (IPTO), said at the General Assembly of the European Network of Transmission System Operators for Electricity (ENTSO-E), highlighting the i

about 2 years ago

Business & Finance

SLB OneSubsea’s new contract takes it to Equinor’s all-electric subsea project

SLB has secured a contract with Norwegian state-owned energy giant Equinor under which it is set to deliver the front-end engineering design (FEED) for an all-electric subsea project in Norway’s waters. As part of the agreement, SLB will deliver the FEED of a 12-well, all-electric subsea production

about 2 years ago

Business & Finance

Argus launches low-carbon ammonia benchmark to assist trading

Argus has launched a Japan Korea Low-Carbon Ammonia Benchmark (JKLAB) to assist companies trading low-carbon hydrogen products distributed to markets in Northeast Asia.

about 2 years ago

Greater Laggan Area; Source: TotalEnergies

Business & Finance

British conglomerate swoops up TotalEnergies’ West of Shetland gas assets bundle

TotalEnergies has decided to put several gas fields and associated infrastructure up for sale to optimize its portfolio and direct its attention to its core business.

about 2 years ago

Business & Finance

Russia and Iran enhance energy ties as Gazprom walks off with fresh gas supply deal

Gazprom has signed a strategic MoU on facilitating pipeline supplies of Russian natural gas to Iran with the National Iranian Gas Company.

about 2 years ago