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Business & Finance

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Following upgrade, Argeo vessel to work for TotalEnergies under $39 million contract
Business & Finance

Following upgrade, Argeo vessel to work for TotalEnergies under $39 million contract

Norwegian marine survey contractor Argeo has secured a $39 million contract with French multi-energy major TotalEnergies for work offshore Africa. Work will be carried out by Argeo Venture and will occupy the vessel for the remainder of 2024. Argeo did not reveal any other information about the cont

about 2 years ago
Sleipner field in North Sea; Credit: Øyvind Gravås and Bo B. Randulff/Equinor
Business & Finance
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Equinor ups its electrification ante offshore Norway

Equinor has put measures in place to curb carbon emissions from the Norwegian Continental Shelf (NCS) by 160,000 tons of CO2 per year.

about 2 years ago
Equinor and DeepOcean extend subsea collaboration with new frame agreement
Business & Finance

Equinor and DeepOcean extend subsea collaboration with new frame agreement

Norwegian state-owned energy giant Equinor has signed a frame agreement with compatriot ocean services provider DeepOcean for subsea infrastructure and cable repair for offshore oil & gas and renewables. The agreement covers marine services including subsea intervention and repair contingency for su

about 2 years ago
Noble Resilient jack-up rig; Source: Noble Corporation
Business & Finance

Norwegian firm picks up work on Noble rig

Norway-based Soiltech has won two contracts for drilling waste management on a jack-up rig owned by Noble Corporation.

about 2 years ago
Baker Hughes backs European clean energy technology manufacturer
Business & Finance

Baker Hughes backs European clean energy technology manufacturer

U.S. energy technology company Baker Hughes has made a strategic investment in European clean energy technology manufacturer Elcogen.

about 2 years ago
A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage pot
Business & Finance

PGS, TGS, and SLB working to asses carbon storage potential in Malaysian basin

A consortium of Norwegian seismic companies PGS and TGS and American oilfield services company SLB has commenced a multi-client 3D seismic project to provide insights and assess the carbon storage potential across the Penyu Basin area in Malaysia.

about 2 years ago
Ulstein CEO to take the helm at Vard
Business & Finance

Ulstein CEO to take the helm at Vard

Norwegian ship designer and shipbuilder Vard, part of Fincantieri, has appointed the current chief executive officer (CEO) of compatriot shipbuilder and designer Ulstein Group as its new CEO. Cathrine Kristiseter Marti, who will take over as the new CEO of Vard starting June 1, 2024, comes from the

about 2 years ago
Tyra II; Source: TotalEnergies
Business & Finance

First gas supplies from TotalEnergies’ mega North Sea project reach Denmark

The first gas supplies exported by the Tyra hub have reached the onshore facilities in Nybro, Denmark, to be distributed to the consumers.

about 2 years ago
Yara Clean Ammonia appoints new CEO to spearhead ‘rapidly growing’ business
Business & Finance

Yara Clean Ammonia appoints new CEO to spearhead ‘rapidly growing’ business

Oslo-headquartered Yara Clean Ammonia has appointed Hans Olav Raen as the new Chief Executive Officer (CEO), effective May 1, 2024.

about 2 years ago
Gibraltar wave power plant (for illustration purposes); Source: Eco Wave Power
Business & Finance

Eco Wave Power’s ‘significant milestones’ keep optimism for future energy project opportunities alive

Eco Wave Power is among the companies that felt the impact of the unpredictability surrounding the economy in 2023.

about 2 years ago
Valaris 123 jack-up rig; Source: Valaris
Business & Finance

Dana Petroleum joins Shell and Deltic as partner in North Sea asset

Deltic Energy has wrapped up the sale of a partial stake in a Shell-operated license, containing a prospect, which will be drilled this summer.

about 2 years ago
Deal signed for new hydrogen industry cluster in South Korea
Business & Finance

Deal signed for new hydrogen industry cluster in South Korea

South Korean province Jeollanam-do has signed an investment memorandum of understanding (MoU) with five companies to create a hydrogen industry cluster in Myodo, Yeosu.

about 2 years ago
West Libra & West Aquila drillships; Source: Northern Drilling
Business & Finance

Pursuit of appeal for arbitration ruling regarding two canceled drillships hits a wall

Northern Drilling is contemplating its next steps after its attempts to appeal the court’s arbitration ruling related to canceled orders for two drillships with a South Korean shipbuilder came to naught.

about 2 years ago
KFW IPEX-Bank
Business & Finance

KfW IPEX-Bank funds C. Armateurs’ eco-friendly bulkers

Germany’s KfW IPEX-Bank has decided to support the fleet modernization of Switzerland-based shipping group C. Armateurs, part of the Cobelfret group, with a financing of €42 million.

about 2 years ago