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Business & Finance

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Johan Sverdrup field in the North Sea; Credit: Arne Reidar Mortensen/Equinor
Business & Finance

Trio snaps up more than $1.75 billion for drilling jobs on Equinor’s 19 offshore oil & gas assets

Equinor has handed out four-year contract extensions to three companies for work on 19 platforms located off the coast of Norway.

about 2 years ago
First turbine delivers power at EOWDC (Aberdeen) offshore wind farm
Business & Finance

Vattenfall scraps hydrogen turbine pilot project

Vattenfall has decided to cancel the Hydrogen Turbine 1 (HT1) project offshore Aberdeen, Scotland, almost two years after the firm began developing it. However, the project helped enable the creation of a regulatory and consenting regime for offshore hydrogen transportation and storage in the UK, ac

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about 2 years ago
UK-based Tadek Ocean Engineering has created a mooring and cable solution for the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment
Business & Finance

Tadek Ocean Engineering designs mooring and cable solution for wave power subsea project

UK-based Tadek Ocean Engineering has created a mooring and cable solution for the Renewables for Subsea Power (RSP) project that combines wave energy with subsea storage to power subsea equipment. Aberdeen-based Verlume connected Mocean Energy’s Blue X wave energy converter with a Halo underwater ba

about 2 years ago
NIB
Business & Finance

NIB co-finances Norled’s low-carbon fleet

The Nordic Investment Bank (NIB) has signed a seven-year loan to co-finance ferry and express boat operator Norled AS’ investments in zero- and low-carbon vessels and related land-based infrastructure in Norway during 2024-2030.

about 2 years ago
Neapolitan firm delivers survey work for 1 GW Italian subsea electricity link
Business & Finance

Neapolitan firm delivers survey work for 1 GW Italian subsea electricity link

Naples-headquartered survey contractor Next Geosolutions (NextGeo) has completed survey works for the east section of the Italian Tyrrhenian Link connecting Sicily with Campania. NextGeo has wrapped up all the pre-installation survey tasks for the Tyrrhenian Link East branch on behalf of Italian cab

about 2 years ago
Shell
Business & Finance

How far has Shell’s decarbonization journey gone and what is yet to come?

Shell has reiterated its commitment to halving Scope 1 and 2 emissions from its operations by 2030, compared with 2016 on a net basis.

about 2 years ago
SSEN Transmission renews partnership with BAM and Siemens Energy
Business & Finance

SSEN Transmission renews partnership with BAM and Siemens Energy

SSEN Transmission has renewed its partnership with BAM and Siemens Energy regarding the delivery of onshore transmission infrastructure schemes. BAM and Siemens Energy will support SSEN Transmission in delivering onshore transmission infrastructure schemes, working to help deliver the substations th

about 2 years ago
Shearwater employees in orange suits doing offshore projects.
Business & Finance

Equinor taps Shearwater to back production optimization at UK and Norwegian fields

Norway-based Shearwater Geoservices has won two 4D monitoring projects from Equinor, a Norwegian state-owned energy giant, for the Mariner field in the UK North Sea and the Heidrun field in the Norwegian Sea. Shearwater plans to utilize its Isometrix technology for conducting surveys, employing 4D s

about 2 years ago
Sleipner; Credit: Oyvind Gravas Bo B Randulff/Equinor
Business & Finance

Equinor keeps Archer busy with platform drilling gigs worth over $762 million

Archer has tucked a long-term contract extension under its belt with Equinor for platform drilling services off the coast of Norway.

about 2 years ago
Oceaneering to get equipment that 'dramatically' reduces subsea geotechnical surveying time
Business & Finance

Oceaneering to get equipment that ‘dramatically’ reduces subsea geotechnical surveying time

Oceaneering has placed an order with a UK-headquartered company for a next-generation auto-drop piston corer expected to enable time-saving for subsea geotechnical surveying. A piston corer is a long, heavy tube plunged into the seafloor to extract samples of soft sediment, which provide information

about 2 years ago
Orbital Marine Power’s floating tidal energy turbine nears splash in US waters
Business & Finance

Orbital Marine Power’s floating tidal energy turbine nears splash in US waters

Scotland-based renewable energy company Orbital Marine Power has been confirmed as the technology partner for Orcas Power & Light Cooperative (OPALCO)’s proposed site off Blakely Island in Rosario Strait, Washington State. Building on a memorandum of understanding (MOU) signed in 2021, the news foll

about 2 years ago
17 shore power projects get $13.6M from Enova
Business & Finance

17 shore power projects get $13.6M from Enova

A total of seventeen shore power projects will receive almost NOK 143 million (about $13.6 million) in support from Enova, a Norwegian government enterprise, in the latest round of investments in the electrification of maritime transport.

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

TotalEnergies’ final sprint toward first gas at North Sea project underway

TotalEnergies has tucked another milestone under its belt with the loading of methanol at the Tyra II redevelopment project in the North Sea.

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

Fresh gas discovery for Harbour Energy in North Sea as drilling ops bear fruit

Harbour Energy has made a new gas discovery in the North Sea off the coast of Norway, using one of Noble Corporation’s jack-up rigs.

about 2 years ago