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Business & Finance

Vår Energi offloads stakes in five oil & gas fields for $51 million and DNO’s interest in its operated asset

Vår Energi has struck a deal with DNO Norge to divest its interests in five oil and gas fields in the Norwegian Sea.

about 2 years ago

Illustration; Credit: Morten Berentsen/NOD

Business & Finance

More ‘attractive’ offshore oil & gas acreage up for grabs in Norway’s new licensing round

Norway’s Ministry of Petroleum and Energy has set in motion the Award in Pre-Defined Areas 2024 (APA 2024) round for further exploration activity.

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about 2 years ago

accelerate the subsea tieback delivery to aging platforms

Business & Finance

OKEA appoints Subsea7 and SLB to ‘accelerate subsea tieback delivery to aging platforms’

Following a recent long-term strategic agreement with Norway’s state-owned energy giant Equinor, SLB OneSubsea and Subsea7’s Subsea Integration Alliance has secured a contract with Norwegian oil & gas company OKEA for its North Sea field. The “sizeable” integrated engineering, procurement, construct

about 2 years ago

Atlantis platform in the Gulf of Mexico; Source: BP

Business & Finance

BP’s profit plunges to $2.7 billion amid oil & gas price headwinds

BP has recorded a fall in profit on a quarterly and year-over-year (y-o-y) basis driven by the downturn in energy prices.

about 2 years ago

Business & Finance

Ricardo expands hydrogen capabilities to support maritime industry

Ricardo has invested in the conversion of one of its buildings to facilitate the development of hydrogen testing for large-scale marine engines.

about 2 years ago

Business & Finance

MOL and Gaz-System shake hands on deal for Poland’s first FSRU

Poland’s Gaz System has signed a long-term TCP agreement for a FSRU with a subsidiary of Japan’s shipping major Mitsui O.S.K. Lines (MOL).

about 2 years ago

'Crucial step forward' as onshore cable installation begins for France-Ireland interconnector

Business & Finance

‘Crucial step forward’ as onshore cable installation begins for French-Irish interconnector

French cable maker Nexans has kicked off the installation of high-voltage alternating current (HVAC) onshore cable on the Irish side of the Celtic Interconnector, set to link the power systems of Ireland and France together for the first time via subsea power cable. The project is being developed by

about 2 years ago

Dafydd Gruffydd, with tidal energy technology developers at Morlais Substation for Catching the Tide event.

Business & Finance

North Wales tidal energy project probes local business opportunities

Business owners from north Wales have gathered at an event, at the Morlais Substation, Holyhead, to promote services to developers of tidal energy devices.

about 2 years ago

Business & Finance

Aker BP embarking on drilling ops with Saipem rig in Norwegian waters

Aker BP has secured a drilling permit from Norway’s authorities for two exploration wells in the Barents Sea.

about 2 years ago

ClientEarth lawyers, Sam Hunter Jones and Sophie Marjanac, outside the High Court on the first day of the hearing; Source: ClientEarth

Business & Finance

New legal challenge yields same result: UK going back to the drawing board with net zero plan deemed ‘unlawful’

Another court battle over the UK government’s climate plans has crossed the finish line, with the court ruling against Britain’s net zero plan.

about 2 years ago

Business & Finance

TotalEnergies hands out work to Wood in North Sea

Wood has won a new decarbonization contract with TotalEnergies E&P UK for a flare gas recovery project in the UK sector of the North Sea.

about 2 years ago

Business & Finance

Saipem’s underwater drone hits milestone with six-month-long uninterrupted operations

Saipem’s Hydrone-R underwater intervention drone has achieved uninterrupted subsea operations for nearly six months, performing remotely operated works and autonomous missions on Equinor’s Njord oil and gas field offshore Norway. The Hydrone-R, whose operations are fully supervised from Saipem’s ons

about 2 years ago

Business & Finance

With repairs ongoing, TotalEnergies anticipates full technical capacity at North Sea gas project later this year

TotalEnergies is working on fixing an issue that has sprung up at its recently restarted natural gas redevelopment project in the Danish North Sea.

about 2 years ago

Business & Finance

Aker BP seeks to simplify subsea ops with ROCS order

Norwegian oil and gas player Aker BP has awarded compatriot subsea technology company Optime Subsea with a contract to develop and deliver multiple remotely operated controls systems (ROCS) for use on the Norwegian continental shelf (NCS). Aker BP has placed an order with Optime Subsea for the renta

about 2 years ago