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Business & Finance - Offshore Energy

Business & Finance

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Business & Finance

New liquid biogas plant on the horizon in Port of Gothenburg

Nordion Energi and St1 signed an agreement for the supply of liquid biogas in the Port of Gothenburg where new facility is being planned.

about 2 years ago

Business & Finance

ONE completes its first EU carbon allowance transaction

Singapore-based shipping company Ocean Network Express (ONE) has finalized its inaugural European Union Allowances (EUA) transaction with French bank BNP Paribas.

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about 2 years ago

Final subsea system components on their way to Enauta's Santos Basin field

Business & Finance

Final subsea system components headed to Enauta’s Santos Basin field for first oil

Final subsea system components destined for Enauta’s field development project in the Santos Basin are on their way from the UK to Brazil. Brazilian oil and gas player Enauta reported on March 15 that the flexible pipeline system, the last pending subsea system equipment for the FPSO Atlanta product

about 2 years ago

Business & Finance

Intra-group merger on Vår Energi’s agenda

Vår Energi has set the wheels into motion to complete an intra-group merger with its wholly-owned subsidiary Vår Energi Norge.

about 2 years ago

Business & Finance

Siem Offshore’s vessel staying busy outside North Sea throughout 2024

An AHTS vessel from Siem Offshore has been hired for the rest of the year by an undisclosed firm, which is said to be an international oil major.

about 2 years ago

Business & Finance

Jan De Nul buys electric ROV for ‘world’s largest cable-laying vessel’

Jan De Nul Group has purchased an electric remotely operated vehicle (ROV) from UK subsea engineering and technology company SMD for what is said to be the world’s largest cable-laying vessel (CLV). SMD’s Quantum EV will be integrated into Jan De Nul’s new CLV Fleeming Jenkin and deployed to offshor

about 2 years ago

Ocean GreatWhite semi-submersible rig; Source: Kishorn Port

Business & Finance

One of world’s largest semi-sub rigs comes back to UK port ahead of resuming drilling gig with BP

A giant rig has returned to the UK’s Kishorn port to prepare for its return to the drilling campaign with BP in the UK North Sea.

about 2 years ago

Business & Finance

Ulstein unveils new subsea vessel

Norwegian shipbuilder and ship designer Ulstein has developed a new subsea vessel for floating and fixed installations in the offshore wind market, as well as for offshore oil & gas. Ulstein said that the SX232 is based on three core principles, including an optimized hull design based on the Ulstei

about 2 years ago

BP, Equinor and TotalEnergies pick 9 contractors for UK's 'vital' decarbonization projects

Business & Finance

BP, Equinor and TotalEnergies pick 9 contractors for UK’s two ‘vital’ decarbonization projects

BP, Equinor and TotalEnergies have selected nine contractors for engineering, procurement, and construction contracts, with a combined value of around £4 billion, for two projects being developed in Teesside that are said to be vital for the UK’s decarbonization journey. Net Zero Teesside Power (NZT

about 2 years ago

With 'outstanding' financial results in 2023, Prysmian upgrades its decarbonization strategy

Business & Finance

With ‘outstanding’ financial results in 2023, Prysmian increases its decarbonization ambition

Italian cabling giant Prysmian in 2023 delivered what it says was a “remarkable performance” with “outstanding” financial results, record backlog in Transmission, as well as increased 2030 emission reduction ambition. For the financial year 2023, Prysmian’s adjusted EBITDA rose by 9.4% to €1,628 mil

about 2 years ago

Marine energy technology company Minesto has inked a collaborative agreement with Hydrokite Project Development, an ocean current and tidal energy project developer, to bring its technology to markets

Business & Finance

Minesto finds partner for expansion into Australian and New Zealand markets

Marine energy technology company Minesto has inked a collaborative agreement with Hydrokite Project Development, an ocean current and tidal energy project developer, to bring its technology to markets in Australia and New Zealand. The broadened market presence in Australia and New Zealand is directe

about 2 years ago

Bideford Dolphin semi-submersible rig; Source: Dolphin Drilling

Business & Finance

Dolphin Drilling gets rid of 1975-built semi-sub rig

Offshore drilling contractor Dolphin Drilling has decided to sell one of its semi-submersible rigs for scrap to further enhance its fleet.

about 2 years ago

Business & Finance

BP and Baker Hughes make headway in monitoring methane emissions from flaring

Baker Hughes has joined forces with BP to bring a new application for the upstream oil and gas sector to life as part of its emissions abatement technology.

about 2 years ago

Transocean Enabler rig; Photo: Transocean

Business & Finance

All systems go for Equinor to use Transocean rig for drilling ops

Equinor has received consent to deploy one of Transocean’s rigs for exploration activities in the Barents Sea.

about 2 years ago