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Business & Finance

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Mariparks and multiuse to support sustainability efforts on North Sea
Business & Finance

Mariparks and multiuse to support sustainability efforts on North Sea

According to Erwin Coolen, Director of ECHT, we need Mariparks, which are offshore business areas, and multiuse to reach energy, food and nature transitions that are ongoing on the North Sea. Together with Nathalie Scheidegger, Project Leader Sustainable Blue Economy, Netherlands’ Ministry of Agricu

about 2 years ago
PSV Skandi Kvitsoy; Source: DOF Group
Business & Finance

Two oil & gas firms book DOF vessels for long-term gigs in Norway and Australia

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DOF Group has won two long-term assignments for an AHTS vessel and a platform supply vessel (PSV) in Norway and Australia, respectively.

about 2 years ago
Prelude FLNG; Source: Shell
Business & Finance

With $28 billion in the bag, Shell’s 2023 profit attests to oil & gas price slump and LNG trading upturn

Shell’s annual profit in 2023 took a tumble, dropping by 30% on a year-over-year basis, compared to its highest-ever annual profit, which came to almost $40 billion in 2022.

11 minutes read
Substation construction for Morlais tidal energy project wraps up
Business & Finance

Substation construction for Morlais tidal energy project wraps up

The construction of the £24 million substation for the Morlais tidal stream energy project has been completed and the substation has been delivered to site owner Menter Môn Morlais. Civil engineering firm Jones Bros has handed over the substation to Menter Môn Morlais in a move said to signal the su

about 2 years ago
Cygnus gas field in the southern North Sea; Source: Neptune Energy
Business & Finance

Eni and Vår Energi enrich their portfolios by taking over Neptune’s oil & gas business

Eni and its majority-owned Vår Energi have expanded their footprint by wrapping up the acquisition of Neptune Energy’s oil and gas assets.

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

BP, Shell, TotalEnergies, and Equinor among recipients of second license batch in UK’s 33rd oil & gas round

The NSTA has offered 24 licenses across 74 blocks and part-blocks, which are situated in the Central North Sea, Northern North Sea, and West of Shetland areas.

about 2 years ago
Illustration; Credit: Clyde Thomas/Longboat Energy
Business & Finance

Norwegian player wraps up sale of partial stakes in North Sea pair

Longboat JAPEX Norge has completed the divestment of partial interests in a pair of exploration licenses on the NCS to Norway’s Concedo.

about 2 years ago
North Sea operator picks Scottish firm for P&A campaign
Business & Finance

North Sea operator picks Scottish firm for P&A campaign

Scottish well intervention and plug and abandonment (P&A) solutions provider Oilenco has won a contract to deliver engineering and manufacturing services for what it says is a “major North Sea operator”. The contract will see Oilenco provide well intervention and downhole equipment throughout a 52-w

about 2 years ago
David Latin, Serica's incoming interim CEO; Source: Serica Energy
Business & Finance

As its CEO heads for the exit, Serica hand-picks interim one to step in his shoes

Serica Energy has disclosed the appointment of an interim Chief Executive Officer (CEO), who will succeed its current CEO after he steps down from the role.

about 2 years ago
ZeroNorth
Business & Finance

ZeroNorth acquires Euronav’s FAST platform

Denmark-based technology company ZeroNorth has reached a deal with Belgian shipping company Euronav to acquire and manage the tanker major’s Fleet Automatic Statistics and Tracking (FAST) platform. As part of the deal, Euronav will become a customer of ZeroNorth’s full platform offering. FAST collec

about 2 years ago
Statfjord C platform; Credit: Harald Pettersen/Equinor
Business & Finance

With stakes in North Sea oil & gas fields, Longboat JAPEX adds first producing assets to its portfolio

Longboat JAPEX Norge has brought an acquisition to an end, enabling it to get its hands on its initial producing assets offshore Norway.

about 2 years ago
Illustration; Source: Transport & Environment
Business & Finance

Seven NGOs urge Europe to set coal, oil, and gas phase-out dates

A coalition of seven NGOs has sent a letter, encouraging the European Commission to list fossil fuel phase-out dates within the roadmap for Europe’s 2040 target.

about 2 years ago
UK CCS project enters FEED phase as Technip Energies snatches contract
Business & Finance

UK CCS project enters FEED phase as Technip Energies snatches contract

The Viking Link carbon capture and storage (CCS) project in the UK has entered the front-end engineering design (FEED) phase with the award of the contract to Technip Energies. Viking CCS, previously known as V Net Zero, is the Humber-based CO2 transportation and storage network led by UK oil and ga

about 2 years ago
Bulker
Business & Finance

Seanergy to pioneer Capesize hydrogen retrofit in EU funded project

Greek pure-play Capesize ship owner Seanergy Maritime Holdings Corp. has revealed that it will retrofit one of its existing Capesize vessels with hydrogen (H2) technology. The project is being bankrolled through the European Union Funded SAFeCRAFT Project Consortium. Seanergy, through its wholly-own

about 2 years ago