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Equinor and partners give out $3.4M worth of contracts to local geophysical services firm

Business & Finance

Equinor and partners give $3.4M worth of contracts to local geophysical services firm

Norwegian Electromagnetic Geoservices (EMGS) has secured contracts with a combined value of approximately $3.4 million with Equinor and partners for surveys in Norway. EMGS reported at the end of May that it had entered into several agreements with Equinor and partners for fully pre-funded multi-cli

about 2 years ago

T&E: Two-thirds of European green shipping fuel projects may never come online as supplies fear lack of demand

Business & Finance

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T&E: Two-thirds of European green shipping fuel projects may never come online as supplies fear lack of demand

Nearly 4% of European shipping could run on green e-fuels by 2030 but just a third of these projects are guaranteed, T&E warns in a new study.

about 2 years ago

Business & Finance

European Commission launches new mechanism to boost hydrogen market

To support the development of the European hydrogen market, the European Commission has started work on a pilot mechanism that aims to accelerate investments by providing a “clearer” picture of the market situation of both off-takers and suppliers and facilitating contacts between them.

about 2 years ago

Floating solar panels arriving at the Cottbus Baltic Sea via trucks

Business & Finance

‘Germany’s largest floating solar plant’ starts assembling (Video)

Situated on the eastern shore of the Cottbus Baltic Sea, the country’s largest post-mining lake. The 29 MWp floating solar plant is set to generate approximately 29,000 MWh of electricity a year, with commissioning set for the winter of 2024/2025.

about 2 years ago

Business & Finance

No more legal woes: Offshore wind-powered North Sea project goes full steam ahead toward first gas by year-end

ONE-Dyas is moving at full throttle to bring its gas platform, which will run on offshore wind power in the North Sea, online by the end of 2024.

about 2 years ago

Business & Finance

Havila vessel stays with Reach Subsea on improved terms

Norway-headquartered Reach Subsea has exercised the option to extend the contract for one of Havila Shipping’s inspection, maintenance, and repair (IMR), survey, and construction vessels, on improved terms than previously agreed. Reach Subsea has entered into an agreement with Havila Shipping to ext

about 2 years ago

Business & Finance

Repeat client brings SeaBird’s backlog to combined 33 months of OBN source work

Cyprus-headquartered seismic firm SeaBird Exploration has secured a contract with a repeat client that will take its seismic research vessel Eagle Explorer to the Western Hemisphere. The duration of the contract is six months, including options to extend by another 6+6 months. Mobilization has start

about 2 years ago

Main suppliers revealed for NKT's new cable layer as it gets its name

Business & Finance

Main suppliers revealed for NKT’s second cable layer as it gets its name

Denmark-based power cable manufacturer and installation company NKT has named its new cable laying vessel (CLV) NKT Eleonora, meaning shining light. According to NKT, the name is a reference to the company’s central position in transmitting power through its cable solutions and to the bright future

about 2 years ago

Valaris 123 jack-up rig; Source: Valaris

Business & Finance

Shell gives Deltic more time to secure funds for its share of appraisal costs at North Sea discovery

Deltic Energy has managed to obtain additional time to ensure that its share of costs will be secured for the appraisal of a discovery in the North Sea.

about 2 years ago

Business & Finance

WATCH: Massive newbuild FPSO embarking on sea trials before starting its Barents Sea gig

Equinor has disclosed the departure of its giant new floating production, storage, and offloading (FPSO) vessel from Aker Solutions’ Stord yard.

about 2 years ago

Business & Finance

Solstad’s subsea vessel picking up ROVs prior to new gig

Solstad Offshore’s subsea construction vessel (CSV) Normand Navigator is preparing for a new project with the mobilization of remotely operated vehicles (ROVs). The 2015-built Normand Navigator arrived at Husøy, Karmøy in Norway, this week for the mobilization of ROVs from Omega Subsea Robotics, a j

about 2 years ago

Business & Finance

Drilling to return to seven-year-old UK field as it hits oil production milestone

EnQuest has reached a milestone of 70 million barrels of oil produced during May from its field in the Northern North Sea which has been online since 2017. The UK oil and gas company noted it had delivered strong operational performance across its operated portfolio so far this year, with full-year

about 2 years ago

Business & Finance

European Commission approves up to €1.4 billion for fourth hydrogen IPCEI

The European Commission has approved a fourth IPCEI to support research, innovation and the first industrial deployment in the hydrogen value chain.

about 2 years ago

Business & Finance

Green finance: Swedbank adopts climate target for shipping portfolio

Nordic-Baltic banking group Swedbank has set a climate target for its shipping portfolio by integrating climate considerations into its loan decisions for ship finance.

about 2 years ago