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Business & Finance

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Transocean Norge; Source: Transocean
Business & Finance

Wintershall Dea’s appraisal well corroborates size of oil & gas discoveries, pushing them closer to development stage

Wintershall Dea has completed the drilling of an appraisal well in the Norwegian Sea, using one of Transocean’s semi-submersible rigs.

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

DOF downsizes its fleet by selling one of its vessels

DOF Rederi, a fully owned subsidiary of Norway’s vessel owner DOF Group, is in the process of divesting one of its platform supply vessels (PSVs).

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about 2 years ago
Transocean Barents sixth-generation semi-submersible drilling rig; Source: Transocean
Business & Finance

After Transocean, Halliburton snaps up multi-million job on giant gas project in Black Sea

OMV Petrom has picked Halliburton Romania, a subsidiary of the U.S.-based Halliburton, has been picked for integrated drilling services.

about 2 years ago
Equinor keeps Reach Subsea busy offshore Brazil
Business & Finance

Equinor keeps Reach Subsea busy offshore Brazil

Norway-headquartered Reach Subsea is set to begin work for Equinor offshore Brazil this month, using the subsea vessel Havila Subsea. Reach Subsea has together with its Brazilian partner OceanPact received a notice of contract award from Equinor for combined light construction, inspection, maintenan

about 2 years ago
£1 billion contract awarded for UK subsea electricity superhighway2
Business & Finance

£1 billion contract awarded for UK subsea electricity superhighway

A few months after having been selected as the preferred suppliers, the consortium of GE Vernova’s Grid Solutions business and MYTILINEOS Energy & Metals has secured a £1 billion contract to deliver the HVDC converter stations for the 2 GW Eastern Green Link 1 (EGL1) subsea electricity superhighway

about 2 years ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

Transocean rig lands new multi-million gig in Black Sea

Transocean has tucked a new deal under its belt with OMV Petrom for one of its semi-submersibles, which will see the rig move to work in the Black Sea.

about 2 years ago
MAN taps Alfa Laval for methanol fuel-supply solution
Business & Finance

MAN taps Alfa Laval for methanol fuel-supply solution

German engine manufacturer MAN Energy Solutions has signed an agreement with Alfa Laval, the Swedish industrial concern, to develop a methanol fuel-supply solution for MAN four-stroke engines and its fuel-injection technology. As a result, the first four-stroke engine types will be capable of retrof

about 2 years ago
Polish firm closer to becoming the operator of only Barents Sea CO2 exploration license
Business & Finance

Polish firm closer to becoming the operator of only Barents Sea CO2 exploration license

Horisont Energi and PGNiG Upstream Norway (PUN), part of Poland’s ORLEN Group, have signed a sales and purchase agreement (SPA) under which PUN acquires a 50% participating interest in the only CO2 exploration license in the Barents Sea and is willing to take over the operator role. Under the SPA, P

about 2 years ago
Six European countries launch research center for subsea infrastructure security
Business & Finance

Research center for subsea infrastructure security opens in The Hague

The Seabed Security Experimentation Center (SeaSEC), the research center for submarine infrastructure security, has officially opened in The Hague, the Netherlands. Located at Campusatsea in Scheveningen, the SeaSEC research center is committed to safeguarding the subsea infrastructure in the North

about 2 years ago
Greater Laggan Area; Source: TotalEnergies
Business & Finance

With replacement work underway, restart of TotalEnergies’ UK gas plant anticipated in fortnight’s time

TotalEnergies is continuing its investigation into the failure of a heating system section at a gas plant on the north coast of the main island of the Shetland Isles.

about 2 years ago
Gjøa platform; Source: Neptune Energy
Business & Finance

Fresh gas discovery and appraisal activity put potential tie-back to North Sea platform on the table

Neptune Energy has revealed a new gas discovery at an offshore prospect and confirmed the volumes for an appraisal well in the North Sea.

about 2 years ago
Eagle Bulk Shipping
Business & Finance

Star Bulk and Eagle join forces to create dry bulk shipping powerhouse

Nasdaq-listed dry bulk shipping company Star Bulk Carriers and Eagle Bulk Shipping, one of the world’s largest owner-operators within the midsize dry bulk vessel segment, revealed their intent to merge through an all-stock agreement. The merger is expected to create a dry bulk shipping powerhouse wi

about 2 years ago
Cable-lay equipment ordered for new Nexans vessel
Business & Finance

Cable-lay equipment ordered for new Nexans vessel

Italian company Remacut, part of NOV, has won a contract with Nexans to deliver the cable-lay equipment for the company’s new cable-lay vessel (CLV). Building on its predecessor, the CLV Nexans Aurora, the newly constructed vessel will incorporate a 3,500-ton underdeck carousel to complement the 10,

about 2 years ago
António Guterres, UN Secretary-General; Credit: UNFCCC/Kiara Worth
Business & Finance

COP28: Will a magic wand sweep away oil, gas, and LNG in favor of green agenda?

As a battle over fossil fuel language continues to rage, the pressure is not letting up on demands to phase out fossil fuels.

12 minutes read