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Business & Finance - Offshore Energy

Business & Finance

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Business & Finance

Two German terminals to receive Norwegian gas for 12 more years

Vår Energi has secured a multi-year contract extension for the supply of natural gas to Germany’s VNG Handel & Vertrieb.

about 2 years ago

Business & Finance

Hydrogen infrastructure in Germany receives financial backing

Bayernets is investing €210 million in the energy infrastructure in Germany, specifically a pipeline expected to meet the basic requirements for the transportation of hydrogen.

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about 2 years ago

Business & Finance

Investment management firm joins Greece-Cyprus-Israel interconnector, talks with other investors ongoing

Paris-headquartered investment management company Meridiam has entered into the shareholding structure of the company responsible for the implementation of the electric interconnection project between Greece, Cyprus, and Israel. Greek transmission system operator (TSO) Independent Power Transmission

about 2 years ago

Business & Finance

With takeover of compatriot energy firm out of the way, Norwegian firm’s headcount tops 500

Norway’s AGR, a subsidiary of ABL Group, has acquired Ross Offshore, enabling it to expand its team with more than 220 additional employees.

about 2 years ago

Business & Finance

Norway’s Equinor and French GRTgaz shake hands to develop CO2 transport infrastructure

Norwegian state-owned energy giant Equinor and French gas transmission operator GRTgaz have signed a project development agreement (PDA) for a transport system for captured CO2 from industrial emitters in France to permanent storage offshore Norway via the planned CO2 Highway Europe pipeline project

about 2 years ago

Calcasieu Pass facility; Source: Venture Global LNG

Business & Finance

Fresh LNG deal enables US to give European and Ukrainian energy security a leg up

Venture Global has secured a new LNG agreement with D.Trading, which will enable it to bolster energy security in Ukraine and Eastern Europe.

about 2 years ago

Business & Finance

90-year-old French firm rebrands for strategic growth

With the wish to accelerate growth as an advanced technology company, France-based geophysical services company CGG has rebranded following 90+ years of history. With the launch of the new brand, CGG, created in 1931 and now known as Viridien, said it marks the next stage in its strategic growth as

about 2 years ago

Business & Finance

DNV: Oil & gas witnessing confidence resurgence while energy transition price tag hampers net-zero aspirations

A new survey from DNV pinpoints the cost of the energy transition as the biggest barrier to meeting the net zero targets.

about 2 years ago

Shelf Drilling Winner jack-up rig; Source: Shelf Drilling

Business & Finance

TotalEnergies spuds North Sea well with Shelf Drilling rig

TotalEnergies has embarked on drilling operations at a well in the Danish sector of the North Sea. If more gas is found it will be exported through the Tyra facilities.

about 2 years ago

Business & Finance

Global LNG markets facing oversupply while key importing regions work on curbing demand

The new wave of LNG supply is set to flood the market amid demand uncertainty, according to the Institute for Energy Economics and Financial Analysis (IEEFA).

about 2 years ago

Business & Finance

Nel to focus solely on development of electrolyzers

Nel has pronounced itself as a company solely dedicated to developing and delivering electrolyzers to produce renewable hydrogen.

about 2 years ago

Sattelite photo showing the 2021 oil spill off the coast of Baniyas, Syria; Credit: Planet Labs

Business & Finance

More than 750 oil slicks spotlight pollution risks in Mediterranean Sea

757 oil slicks, covering 1.9 million hectares in the Mediterranean Sea, have been identified between July 2020 – January 2024.

about 2 years ago

Business & Finance

Ocean Power Technologies delivers first set of USVs under its largest single order to date

U.S.-headquartered Ocean Power Technologies (OPT) has delivered the first set of WAM-V uncrewed surface vehicles (USVs) to subsea specialist Sulmara as part of the largest single order of WAM-Vs to date. According to OPT, the WAM-V is designed to adapt to various marine environments and applications

about 2 years ago

Business & Finance

Solstad subsea vessels get prolonged charters

Norwegian shipping company Solstad Offshore has secured contract extensions for two of its construction support vessels (CSVs). Subsea7 has exercised the 2025 optional charter period for the Normand Subsea, with the contract now firm until December 31, 2025, with no further options thereafter. The 2

about 2 years ago