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Business & Finance

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PGS' to-do list buzzing with activities
Business & Finance

With number of agreements signed, PGS to stay busy in period ahead

Norwegian seismic company PGS has signed an agreement with Shell for its cloud-based digital asset management solution designed specifically for seismic data, which is set to enable the UK-headquartered energy giant to streamline access to seismic data and accelerate workflows. This Data OnDemand Ag

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Business & Finance

Equinor preparing to spud Barents Sea wildcat with Transocean rig in spring

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Equinor has secured a drilling permit from the country’s authorities for an exploration well in the Barents Sea.

about 2 years ago
Minesto scales up its Faroe Islands roadmap to 200 MW tidal energy buildout (Video)
Business & Finance

Minesto scales up its Faroe Islands roadmap to 200 MW tidal energy buildout (Video)

Swedish ocean energy developer Minesto has upgraded its roadmap to a 200 MW tidal energy buildout in the Faroe Islands, said to come as a response to the growing demand for renewable energy. The Faroe Islands has one of the world’s most ambitious energy transition schemes, aiming for 100% renewables

about 2 years ago
Thermoplastic composite pipe suitable for high-pressure hydrogen service, Strohm says
Business & Finance

Thermoplastic composite pipe suitable for high-pressure hydrogen service, Strohm says

Thermoplastic composite pipes (TCP) have shown exceptionally low hydrogen permeation values, demonstrating technical suitability for high-pressure hydrogen service, Dutch TCP producer Strohm reported following a TCP hydrogen testing program. Strohm recently completed an extensive six-month hydrogen

about 2 years ago
ZeroNorth
Business & Finance

ZeroNorth, Alpha Ori close merger to help accelerate zero emissions shipping

Denmark-based technology company ZeroNorth and Singapore’s software developer Alpha Ori Technologies have completed a merger after receiving all required regulatory approvals.

about 2 years ago
Rescue vessel to undergo makeover to get ready for renewables
Business & Finance

Rescue vessel to undergo makeover to get ready for renewables

Scottish subsea specialist Sulmara is set to repurpose an emergency response rescue vessel (ERRV) into a multi-purpose support vessel (MPSV) with the addition of equipment to suit the renewables market. Sulmara has signed a three-year deal with Atlantic Offshore to charter the 67-meter DPII multi-pu

about 2 years ago
Ringhorne platform; Source: Vår Energi
Business & Finance

More drilling and maintenance work for KCA Deutag at North Sea platform

KCA Deutag has got its hands on a contract extension for the provision of offshore drilling and maintenance services on a platform in the Norwegian sector of the North Sea.

about 2 years ago
Offshore wind accounts for 45% of NKT’s high-voltage order backlog
Business & Finance

Offshore wind accounts for 45% of NKT’s high-voltage order backlog

Subsea power cable manufacturer NKT has reported a record-high order backlog for high-voltage cables for 2023, with 45% of orders coming from offshore wind. At the end of last year, NKT’s order backlog was at €10.8 billion, more than double the company saw at the end of 2022. In its full-year 2023 r

about 2 years ago
Greek cable maker joins EU’s ‘decarbonizing one-stop shop for small islands’ project
Business & Finance

Greek cable maker joins EU’s ‘decarbonizing one-stop shop for small islands’ project

Greek cable manufacturer Hellenic Cables has joined a Horizon 2020 EU-funded project that aims to develop a one-stop solution in a multi-use platform (MUP) that will produce electricity and freshwater using wind and wave power for small islands. The MUSICA project will provide a full suite of Blue G

about 2 years ago
Danish Shipping
Business & Finance

Danish Shipping launches new network to drive ESG reporting in maritime

Trade and employer association Danish Shipping has launched a new Environmental, Social and Corporate Governance (ESG) Shipping Network to address the pressing need for collaboration and knowledge sharing within the shipping industry regarding sustainability reporting.

about 2 years ago
Courtesy of Friends of the Earth
Business & Finance

Court battle over UK govt’s climate action plan in full swing

The UK government has found itself locked in a court fight with climate groups for the second time in under two years over its net zero plans.

about 2 years ago
Illustration; Source: The North Sea Transition Authority (NSTA)
Business & Finance

North Sea platform electrification ‘key’ to unlock emission cuts from oil & gas production, says NSTA

The NSTA has held a workshop on platform electrification with 11 major operators on the UK Continental Shelf and ten technology suppliers.

about 2 years ago
Boskalis and ROVOP join forces for subsea solutions
Business & Finance

Boskalis and ROVOP join forces for subsea solutions

ROV services supplier ROVOP and Boskalis Subsea Services, provider of IRM, construction and decommissioning services, have established a long-term global partnership to deliver integrated subsea solutions to the energy industry. According to ROVOP, the partnership provides five diving support vessel

about 2 years ago
Deepwater Atlas drillship; Source: Transocean
Business & Finance

Transocean ends 2023 on high note with ‘company-best’ uptime performance, says CEO

Transocean has secured a $3.2 billion boost in contract backlog during 2023, thanks to a series of new assignments for its rig fleet.

about 2 years ago