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Business & Finance

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Eastern Green Link 2 gives back as second round of community fund opens
Business & Finance

Eastern Green Link 2 gives back as second round of community fund opens

The second round of funding for the Eastern Green Link 2 (EGL) project fund has opened for applications, targeting communities near the project that will transport clean electricity from Peterhead in Scotland to England via a 505-kilometer subsea cable. Developed by a joint venture of SSEN Transmiss

about 4 months ago
Illustration; Source: Rystad Energy
Business & Finance

Oil & gas players unlocking $500 billion opportunity with AI and digitalization

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By employing digitalization and artificial intelligence (AI), Rystad Energy, an energy market intelligence group, has highlighted that exploration and production (E&P) companies could reap close to $500 billion in cumulative value between 2026 and 2030.

about 4 months ago
Illustration: Source: Wood Mackenzie
Business & Finance

Strait of Hormuz closure: Tight LNG markets, oil prices could soar to $200

With more than 80 million tonnes per annum (mtpa) of liquefied natural gas (LNG) supply, representing around 20% of global supply, being inaccessible to global markets, the Strait of Hormuz closure has the potential to spark the biggest energy supply shock in decades, according to Wood Mackenzie, an

about 5 months ago
Illustration; Source: Wood Mackenzie
Business & Finance

Oil price spike spurs windfall tax proposals in Brazil, EU, US, and Australia

As oil prices top $100 per barrel (bbl), Wood Mackenzie, an energy intelligence group, has pinpointed the uptick in energy prices as the reason for the revival in windfall tax debate across four continents.

about 5 months ago
Illustration; Source: Offshore Energies UK (OEUK)
Business & Finance

UK’s North Sea industry demands action on prioritizing domestic energy

As the North Sea offshore energy industry voices urge the UK government to put an end to reliance on imports, Britain’s trade body for the offshore energy industry, Offshore Energies UK (OEUK), has emphasized the need for the government to focus on unlocking homegrown power of supply to mitigate the

about 5 months ago
Viking Avant; Source: Eidesvik
Business & Finance

Eidesvik’s 2004-built vessel staying on with Equinor until year-end

Norwegian offshore vessel owner Eidesvik Offshore has landed an extension for its 22-year-old supply ship, which is working for Equinor, a compatriot state-owned energy giant.

about 5 months ago
An offshore platform being approached by a small vessel
Business & Finance

Prosafe on the lookout for more vessel work to enrich its fleet’s backlog

Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator Prosafe has shed light on its fleet utilization for last month and its plans for the future.

about 5 months ago
Adriatic LNG; Source: VTTI
Business & Finance

QatarEnergy prolongs force majeure, Edison’s total affected LNG cargoes reach 17

Qatar’s state-owned oil and gas giant QatarEnergy has notified Italy’s Edison about a contractual force majeure extension, adding five more liquefied natural gas (LNG) cargos to the existing list of impacted ones.

about 5 months ago
FPSO illustration; Source: SBM Offshore
Business & Finance

ABS endorses SBM Offshore’s Shell-backed FPSO deepwater cooling tech

Netherlands-based SBM Offshore, a provider of the design, construction, installation, and operation of offshore floating facilities, has received the green light for its seawater intake riser (SWIR) technology from American Bureau of Shipping (ABS), a classification society.

about 5 months ago
IMO approves new safety guidelines for ammonia-fueled ships
Business & Finance

IMO approves new safety guidelines for ammonia-fueled ships

The International Maritime Organization (IMO) has approved the new safety guidelines for the use of ammonia as fuel on gas carriers, providing a practical framework to manage the associated safety risks, particularly its toxicity and handling requirements. The guidelines were developed through colla

about 5 months ago
Courtesy of ANP/Well-Safe Solutions
Business & Finance

Fresh North Sea gig for Well-Safe Solutions’ semi-sub rig

Aberdeen-based decommissioning services provider Well-Safe Solutions has picked up a new assignment in the UK sector of the North Sea, enabling it to provide well operatorship capability for the first time.

about 5 months ago
Illustration; Source: Perenco
Business & Finance

More gas for UK: North Sea wind-powered platform back online after five-year hiatus

Perenco UK (PUK), the Anglo-French oil and gas player Perenco, has brought back online a natural gas field in the UK sector of the North Sea, years after the production taps were turned off.

about 5 months ago
Eni
Business & Finance

Eni and BlackRock’s GIP score over $670 million financing boost to fuel CCS growth

Eni CCUS Holding, a strategic partnership between Italy’s energy giant Eni and Global Infrastructure Partners (GIP), a part of BlackRock, has expanded its financing sources to strengthen its carbon capture and storage (CCS) project platform.

about 5 months ago
Goliat; Source: Var Energi
Business & Finance

Subsea7 clinches multimillion-dollar deal for Norwegian gas export project

Luxembourg-domiciled Subsea7 has picked up a new assignment with Vår Energi, a Norwegian oil and gas operator, for a gas export project in the Barents Sea off the coast of Norway.

about 5 months ago