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Business & Finance

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Transocean Norge; Source: Transocean
Business & Finance

Appraisal of gas/condensate discovery boosts resource estimate

Wintershall Dea has drilled an appraisal well, which led to a minor increase in the resource estimate for a gas/condensate discovery in the Norwegian Sea.

about 2 years ago
Illustration; Source: Wood Mackenzie
Business & Finance

WoodMac: Are shifts in energy policy on the cards for oil & gas ecosystem and which forces will be at play in 2024?

While offering its predictions for 2024, Wood Mackenzie has outlined several key themes to watch in global and corporate upstream sectors.

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about 2 years ago
High client demand brings 'strong' 2023 to Fugro
Business & Finance

High client demand brings ‘strong’ 2023 to Fugro

Fugro has reported revenue of €2.2 billion for 2023, a 27.5% growth from €1.7 billion in 2022, said to be driven by high client demand in energy markets. For the full year of 2023, Fugro reported it had realized revenue growth on a currency-comparable basis by capturing high client demand in the off

about 2 years ago
PGS makes energy-efficient move for eight of its seismic vessels
Business & Finance

PGS makes energy-efficient move for eight of its vessels

Norwegian seismic company PGS is switching to energy-efficient lighting for eight of its seismic vessels as part of its sustainability targets and desire to comply with emission reduction targets and new regulations. PGS appointed compatriot lighting company Glamox to deliver energy-saving lighting

about 2 years ago
Sulmara expands its services with new business line
Business & Finance

Sulmara expands its services with new business line

Subsea specialist Sulmara has launched a new business line, expanding its services with the aim of reducing the risks clients face in subsea operations and helping them meet their net-zero targets. The new Route Development business line will see the company provide a range of support from the plann

about 2 years ago
Three partners unite for landmark hybrid wind-solar farm offshore Italy
Business & Finance

Three partners unite for landmark hybrid wind-solar farm offshore Italy

Dutch-Norwegian floating solar developer SolarDuck, Italian independent asset manager Green Arrow Capital and New Developments s.r.l., an Italian developer, have agreed to collaborate on the development of an offshore hybrid wind-solar farm in the Gulf of Taranto offshore Italy. The three companies

about 2 years ago
Atlantic spirit, vessel from Atlantic Oceanic (UK).
Business & Finance

Atlantic Oceanic buys MPSV as part of its ongoing fleet growth program

Offshore ship-owning group Atlantic Oceanic (UK) has acquired an advanced DP2 multi-purpose supply vessel (MPSV) as part of its ongoing fleet growth program. The vessel, named Atlantic Spirit and previously known as Tek-Ocean Spirit, is an 87-meter-long specialist MPSV equipped with a DP2 dynamic po

about 2 years ago
Illustration; Source: Viaro Energy
Business & Finance

UK firm expands its portfolio with gas discovery and several prospects West of Shetland

Viaro Energy, through its operating subsidiary RockRose Energy, has secured full ownership interest in a license located West of Shetland.

about 2 years ago
After a year of active tendering, Subsea7's backlog hits year-end level last seen in 2013
Business & Finance

After a year of active tendering, Subsea7’s backlog hits year-end level last seen in 2013

After another year of active tendering, Subsea7 secured $7.4 billion of contract awards in 2023, taking its backlog to $10.6 billion, a year-end level last seen in 2013. In its full-year 2023 financial report, Subsea7 reported revenue of $6 billion, an increase of $838 million or 16% compared to the

about 2 years ago
Statfjord field with Statfjord B (for illustration purposes); Credit: Harald Pettersen/Equinor
Business & Finance

Norway’s oil output surpasses expectations but gas falls slightly behind

Even though Norway saw a rise in oil and gas production in January 2023 compared to the volumes recorded during the year before.

about 2 years ago
Illustration; Source: Aquaterra Energy
Business & Finance

UK oil & gas operator books Aquaterra for work covering full offshore project lifecycle

Aquaterra has been hired on a contract for the provision of analysis services across an undisclosed operator’s global offshore operations.

about 2 years ago
First UK-Germany link makes construction progress as it celebrates 6th anniversary
Business & Finance

First UK-Germany link makes construction progress as it celebrates 6th anniversary

Siemens Energy and sub-contractor Jones Bros Civil Engineering are nearing completion of the enabling works for the UK converter station of NeuConnect, the first-ever energy link between the UK and Germany. The works have included the construction of a 50,000m2 platform for the new converter station

about 2 years ago
Eldfisk Complex; Source: ConocoPhillips
Business & Finance

Stamp of approval for ConocoPhillips’ $1.2 billion North Sea project to come on stream

ConocoPhillips has been given the green light to start production from a project tied to one of the fields in the Greater Ekofisk Area.

about 2 years ago
Swedbank
Business & Finance

Swedbank commits to shipping’s decarbonization as newest signatory of Poseidon Principles

Nordic-Baltic banking group Swedbank has signed the Poseidon Principles, a global framework for integrating climate considerations into lending decisions within ship finance.

about 2 years ago