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Business & Finance

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Illustration from the North Sea Transition Authority (NSTA)
Business & Finance

Tackling triple challenge of production, emissions, and net zero spurs North Sea’s technological innovation

As the global offshore energy industry takes steps to evolve in line with emerging technological innovations, the UK regulator, the North Sea Transition Authority (NSTA) points out that the North Sea is increasingly becoming a hotbed of activity aimed at employing new technology to enable the streng

about 2 years ago
Illustration; Source: Archer
Business & Finance
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With safety and efficiency in mind, two players set up digital rig offering for operating procedure

Archer has joined forces with Horizon56 to launch a new solution, which will digitalize operating procedures to bolster rig safety and efficiency.

about 2 years ago
Saipem reports pipelayer incident offshore Australia
Business & Finance

Saipem reports pipelayer incident offshore Australia

Italian oilfield services provider Saipem has reported that an incident occurred on its pipelaying vessel during operations offshore Australia. Saipem announced that early this morning, January 30, an incident occurred on the Castorone pipelay vessel off the waters of Australia during normal pipelay

about 2 years ago
Illustration; Source: Eni
Business & Finance

Eni’s CEO portrays UK as ‘primary’ investment playground for gas, renewables, and CCS pursuits

Eni’s CEO describes the UK as a top investment destination not just for natural gas but also for renewable energy, and carbon capture and storage (CCS).

about 2 years ago
After little acquisition activity in 2023, Norwegian firm gets $11.7M contract with Petrobras
Business & Finance

After little acquisition activity in 2023, Norwegian firm gets $11.7M contract with Petrobras

Brazilian state-owned oil and gas giant Petrobras has awarded Norway’s Electromagnetic Geoservices (EMGS) with a contract worth approximately $11.7 million to deliver a multi-client survey offshore Brazil. The contract represents EMGS’ first acquisition project offshore Brazil in almost ten years. T

about 2 years ago
Wallenius Wilhelmsen
Business & Finance

Wallenius Wilhelmsen lands lucrative contracts worth $1.2 billion

Oslo-listed Wallenius Wilhelmsen has sealed two contracts worth over $1.2 billion with an unnamed global construction and mining equipment manufacturer and one of the largest automotive distributors in the Americas. The first multi-year shipping contract, valued at approximately $1 billion based on

about 2 years ago
Scottish consortium to develop green hydrogen shore power trial with CMDC funding
Business & Finance

Scottish consortium to develop green hydrogen shore power trial with CMDC funding

A Scottish consortium of four renewable and maritime companies has secured funding from the UK Government Department for Transport (DfT) to develop a green hydrogen shore power trial project at the Port of Leith. As disclosed, the project was granted over £535,000 (around $679,000) as part of the Cl

about 2 years ago
PSV Energy Paradise; Source: Golden Energy Offshore Services (GEOS)
Business & Finance

Two vessel gigs land on Norwegian player’s North Sea backlog

Golden Energy Offshore Services (GEOS) has found more work for two platform supply vessels (PSVs) in its fleet by securing a set of new contracts in the North Sea.

about 2 years ago
COSL Promoter; Source: COSL Drilling
Business & Finance

Norwegian oil & gas firm gearing up to spud North Sea wildcat with COSL rig

Wellesley Petroleum has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 2 years ago
Chinese cabling giant buys into two UK companies, enters Morocco-UK power project
Business & Finance

Chinese cabling giant buys into two UK companies, enters Morocco-UK power project

Chinese power cable specialist Orient Cable (NBO) is entering the Morocco-UK Power Project with the acquisition of a stake in the company behind the multi-technology renewable energy project. Xlinks First Limited announced it had entered into a share subscription agreement for the placement of commo

about 2 years ago
Map showing location of CGG’s new Trinidad & Tobago reimaging program
Business & Finance

Trinidad and Tobago hires CGG for multi-client reimaging program

Paris-based company CGG has signed an agreement with the Ministry of Energy and Energy Industries of Trinidad and Tobago to update 3D seismic data from deepwater blocks off the coast of Trinidad. CGG will deliver improved images of seismic data from deepwater blocks 25a, 25b, 26, and 27 in the east

about 2 years ago
Wilhelmshaven hydrogen initiative welcomes first North American partner
Business & Finance

Wilhelmshaven hydrogen initiative welcomes first North American partner

Canadian renewable energy company World Energy GH2 has joined Port of Wilhelmshaven’s ENERGY HUB, an initiative that aims to position Wilhelmshaven as the ‘Hydrogen Valley of Germany’, as the first North American member. On 26 January, World Energy GH2 announced it had officially become a member of

about 2 years ago
Solstad completes refinancing
Business & Finance

Solstad completes refinancing

Solstad Shipholding, part of Norway’s Solstad Offshore (SOFF), has completed refinancing which is expected to create a robust industrial platform going forward. The completed refinancing includes equity contributions to Solstad Maritime Holding (SMH) of NOK 4 billion (around $384.2 million) in total

about 2 years ago
Illustration; Source: Europa Oil & Gas
Business & Finance

UK oil & gas firm gets more time for technical studies and partner search off Ireland

AIM-listed Europa Oil & Gas has got an extension for a license offshore Ireland from the Irish government’s DECC.

about 2 years ago