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Business & Finance

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Murray Auchincloss, BP' new CEO; Source: BP
Business & Finance

Following ‘highly competitive’ search, interim CEO becomes BP’s new boss

BP has decided to move its interim Chief Executive Officer (CEO) to the CEO role, after undertaking a quest to find someone to fill this position.

about 2 years ago
Spanish logistics company secures 50% stake in ammonia terminal in US
Business & Finance

Spanish logistics company secures 50% stake in ammonia terminal in US

Spanish logistics company for liquid products Exolum has completed the acquisition of a 50% interest in Vopak Moda Houston (VMH), an ammonia storage, import and export terminal located on the Houston Ship Channel, from U.S. Moda Midstream. The operation took place after obtaining approval from the c

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about 2 years ago
Illustration; Credit: Lone Stormoen/Equinor
Business & Finance

Norway presents 24 players with 62 oil & gas licenses amid ‘great interest’

Norway’s Ministry of Petroleum and Energy has offered 62 production licenses to 24 companies for further exploration activity on the NCS.

about 2 years ago
FPSO Adolo; Source: BW Energy
Business & Finance

British player gets work on two BW Offshore FPSOs in UK and Gabon

THREE60 Energy has landed two contract wins with BW Offshore for engineering, procurement, construction, and commissioning (EPCC) services.

about 2 years ago
Strohm's first TCP Jumper in West Africa installed for TotalEnergies
Business & Finance

Strohm’s first TCP Jumper in West Africa installed for TotalEnergies

Dutch thermoplastic composite pipe (TCP) producer Strohm has supplied its first TCP Jumper in West Africa for French energy giant TotalEnergies. Strohm has supplied TotalEnergies with a TCP Jumper commissioned in the Egina field in the deep water of 1,600 meters in Nigeria. The installation followed

about 2 years ago
Corvus Energy wins EU funding to integrate ammonia cracker tech with marine hydrogen FCS
Business & Finance

Corvus Energy wins EU funding to integrate ammonia cracker tech with marine hydrogen FCS

Corvus Energy, a supplier of energy storage solutions for the maritime industry, has secured funding for the integration of ammonia cracker technology with its hydrogen fuel cell system (FCS), the so-called Pelican Fuel Cell system. The project funding is part of the Horizon Europe Framework Program

about 2 years ago
Aker BP and DeepOcean: 'Definitely yes' for subsea inspections using autonomous technology
Business & Finance

Aker BP and DeepOcean: ‘Definitely yes’ for subsea inspections using autonomous technology

Norwegian subsea services provider DeepOcean and oil and gas player Aker BP have completed subsea trials with an autonomous inspection drone (AID) at an Aker BP-operated field in the central North Sea. As part of a ten-day inspection campaign, Aker BP and DeepOcean inspected subsea trees and other s

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

27 shareholders heap more pressure on Shell to take ‘credible’ climate action

Shell is facing additional pressure from 27 investors, who manage more than €3.9 trillion in assets, to pursue decarbonization with more vigor.

about 2 years ago
Hy24 commits to invest €13 million in Hexagon Purus
Business & Finance

Hy24 commits to invest €13 million in Hexagon Purus

Hy24, a clean hydrogen pure-play investment manager, will invest around €13 million into Norwegian hydrogen systems supplier Hexagon Purus. The investment is the first by Hy24’s new Clean Hydrogen Equipment Fund, focused on industrializing the supply chain to scale the clean hydrogen economy. The fu

about 2 years ago
Stena Carron (drilled one of ExxonMobil's recent discoveries in Guyana); Source: Stena Drilling
Business & Finance

Stena drillship goes to Las Palmas

Stena Drilling has confirmed that one of its drillships is on its way to Las Palmas to start its special period survey (SPS).

about 2 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling rig gets its hands on five-year renewal certificate

Odfjell Drilling has confirmed the completion of a five-year main class renewal certificate for one of its semi-submersible drilling rigs.

about 2 years ago
Lithuania’s Klaipeda LNG terminal suspends acceptance of Russian cargoes
Business & Finance

Regasification capacity available at Klaipeda LNG terminal

Lithuanian Klaipeda LNG terminal operator KN Energies, formerly Klaipedos Nafta, has announced that there is available unused LNG terminal capacity for booking. The company said that, having received a request from one of the terminal users regarding the planned non-utilization of LNG terminal capac

about 2 years ago
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Vår Energi getting ready to spud North Sea wildcat

Vår Energi has secured a drilling permit to drill a wildcat well in the North Sea, using one of the Odfjell Drilling-managed semi-sub rigs.

about 2 years ago
Floating solar market will be as big as the onshore solar sector, says Oceans of Energy CEO
Business & Finance

Floating solar market will be as big as onshore solar sector, says Oceans of Energy CEO

The industry needs to start shifting its focus from wind farms to energy farms as we have limited space which we need to make use of in an efficient way. A synergy of offshore wind and floating solar is the way to go. “If you only fill 20% of wind farm space with floating solar, […]

about 2 years ago