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Business & Finance

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Pioneering Spirit (for illustration purposes); Source: Allseas
Business & Finance

Activists’ game plan for deep sea mining ban turns up the heat on Allseas to cease its pursuits

Allseas has been urged to abandon further technological development of giant mining machines due to the allegedly harmful consequences their use will have.

about 2 years ago
Monna Lisa cable laying vessel; Source: Prysmian
Business & Finance

WATCH: Prysmian’s cable layer going on final prep mission ahead of gig at UK’s huge renewable superhighway

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Prysmian has confirmed the start of its vessel’s journey to Norway, where outfitting completion and trials will take place before the cable layer embarks on its inaugural job at a high voltage direct current (HVDC) cable connection in the UK.

about 2 years ago
FPSO Petrojarl Knarr for Equinor's Rosebank oil field in UK waters; Source: Aker Solutions
Business & Finance

Legal storm to hit Rosebank as UK’s historic ruling brings emissions from burning oil & gas into play

The ink is not even dry yet on a recent court ruling but it has sparked excitement about resuming a legal battle against Rosebank, said to be the largest undeveloped oil field in British waters.

about 2 years ago
Eight cross-border energy infrastructure projects secure €600 million-bundle of financial support from EU
Business & Finance

Eight cross-border energy infrastructure projects secure €600 million-bundle of financial support from EU

European Climate, Infrastructure and Environment Executive Agency (CINEA) has inked almost €600 million in grant agreements for eight cross-border energy infrastructure projects, entailing ten countries and covering electricity, gas, CO2, and smart grids. Five of these eight projects are focused on

about 2 years ago
Nick Ingrassia, CEO of Longboat Energy; Source: Longboat Energy
Business & Finance

Oil & gas firm closing Norwegian chapter to continue its story in Southeast Asia

Longboat Energy has decided to exit Norway to concentrate on building a full-cycle E&P business in Southeast Asia.

about 2 years ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Aker BP’s drilling ops yield new gas discovery in Norwegian waters

Aker BP has made a new gas discovery on the Norwegian Continental Shelf (NCS), using one of Saipem’s semi-submersible rigs.

about 2 years ago
Höegh Autoliners
Business & Finance

Höegh Autoliners secures funding for 4 new ammonia-fueled ships

Höegh Autoliners has been granted NOK 109.4 million (about $10.4 million) from Enova for four of the company’s ammonia-powered Aurora PCTCs.

about 2 years ago
Maris Fiducia grabs a slice of Enova’s funding to build hydrogen-powered dry bulk ships
Business & Finance

Maris Fiducia grabs a slice of Enova’s funding to build hydrogen-powered dry bulk ships

Maris Fiducia Norway, with HAV Hydrogen and Norwegian Hydrogen, secured $38.4 million funding from Enova for hydrogen-powered dry-bulk vessels.

about 2 years ago
Two out of four CO2 storage licenses awarded offshore Norway going to Equinor
Business & Finance

Two out of four CO2 storage licenses awarded offshore Norway going to Equinor

The Norwegian Ministry of Energy has awarded four new exploration licenses related to CO2 storage on the Norwegian Continental Shelf (NCS) to six companies as part of the sixth call for CO2 storage on the NCS. The exploration licenses are located in the North Sea, with two offered to Equinor, one to

about 2 years ago
Illustration; Source: Rex International Holding
Business & Finance

Singaporean player bringing Norwegian and African offshore oil & gas assets under one roof

Rex International Investments has signed a deal with two partners to combine offshore portfolios of two affiliates into a new joint venture.

about 2 years ago
FPSO Energean Power works at the Karish field offshore Israel; Source: Energean
Business & Finance

Energean bids farewell to Egypt, Italy, and Croatia as assets fetch $945 million

Energean has set the divestment of its portfolio in Egypt, Italy, and Croatia in motion for an enterprise value (EV) of up to $945 million.

about 2 years ago
Enova
Business & Finance

Fifteen green ship projects get $113.5M in Enova support

A total of fifteen green ship projects will receive NOK 1.2 billion (about $113.5 million) in support from Enova, a Norwegian government enterprise, in the latest round of the country’s investments in decarbonizing maritime transport.

about 2 years ago
After ExxonMobil, Petrobras and Equinor, another energy major hires French firm
Business & Finance

After ExxonMobil, Petrobras and Equinor, another energy major hires French firm

French provider of tubular solutions Vallourec has secured a contract extension with Abu Dhabi National Oil Company (ADNOC) to continue supplying tubes and connections for offshore and onshore oil and gas fields. Vallourec and the National Oil Company of Abu Dhabi signed a two-year extension to the

about 2 years ago
Nordic Winter rig; Source: Awilco
Business & Finance

UK player strikes a bargain with Seatrium over yearslong rig arbitration saga

Seatrium has come to an understanding with Awilco Drilling regarding the settlement of two arbitration cases related to rig termination deals.

about 2 years ago