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Business & Finance

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Greater Laggan Area; Source: TotalEnergies
Business & Finance

No restart date in sight as probe into steam incident at TotalEnergies’ UK gas plant goes on

TotalEnergies has shut down production at an onshore gas plant that takes in gas from offshore fields, which are part of the West of Shetland project.

about 2 years ago
Dr. Sultan Ahmed Al-Jaber, UAE Minister of Industry, CEO of ADNOC, and COP28 President; Source: COP28
Business & Finance

COP28: Reconciling great expectations with reality in a highly polarized world

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A deep dive into COP28 and the clash between those calling for a phase-out of fossil fuels and the ones lobbying to keep oil, gas, and coal firmly entrenched in the energy mix.

13 minutes read
Blue World Technologies
Business & Finance

Maersk invests in Blue World, orders methanol fuel cell pilot system

Maersk Growth, the venture arm of A.P. Moller – Maersk, invested 11 million EUR in Blue World Technologies’ pre-C-round alongside the Export and Investment Fund of Denmark (EIFO), Cycle Group, and other new and existing shareholders. The financing round was announced during COP28 in Dubai where Blue

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

TotalEnergies, Petrobras, SOCAR, and Sonangol join forces to curb methane footprint

TotalEnergies has inked cooperation agreements with three oil and gas companies to carry out methane detection and measurement campaigns.

about 2 years ago
DNV names head of CCUS
Business & Finance

DNV names head of CCUS unit

DNV has appointed the head of its Carbon Capture, Utilization, and Storage (CCUS) unit as a response to the technology’s growth. DNV announced on December 6 the appointment of Jamie Burrows as head of its Energy Systems business area’s CCUS unit – a move that underscores DNV’s commitment to CCUS as

about 2 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Business & Finance

Vår Energi preparing to spud wildcat with Transocean rig

Vår Energi has secured a drilling permit to spud a wildcat well in the Barents Sea, using one of Transocean’s semi-submersible rigs.

about 2 years ago
Well-Safe Guardian; Source: Repsol Sinopec
Business & Finance

WATCH: Well-Safe Solutions rig wraps up first saturation dives in firm’s history while working on North Sea decom gig

Well-Safe Solutions has tucked under its belt a new achievement, thanks to one of its rigs, which has set a seal on the first saturation dives in the company’s history.

about 2 years ago
Orbital Marine's O2 tidal energy turbine (Courtesy of Orbital Marine Power)
Business & Finance

Orbital Marine to take its shot at Canada’s tidal stream opportunity

Scottish company Orbital Marine Power has been named as Euclaire Tidal’s technology partner at the Fundy Ocean Research Centre for Energy (FORCE).

about 2 years ago
ROV destined for DEME's new vessel passes factory acceptance tests
Business & Finance

ROV for DEME’s new vessel passes factory acceptance tests

Seatools has completed factory acceptance tests (FAT) for what it describes as a highly innovative fall pipe remotely operated vehicle (ROV) developed for DEME Group. The ROV will be deployed on DEME’s upcoming subsea rock installation vessel Yellowstone, scheduled to join the fleet in the first hal

about 2 years ago
Deepwater Champion drillship (for illustration purposes); Source: Transocean
Business & Finance

International offshore rig count climbs up a notch in November

Baker Hughes’ rig count report points out that one more rig joined the working fleet in November 2023 compared to the month before.

about 2 years ago
HMS Somerset was joined by five other Royal Navy ships and a Royal Fleet Auxiliary ship during the deployment; Source: UK's Ministry of Defence
Business & Finance

After pipeline incident, JEF partners pool resources for subsea infrastructure protection in Baltic Sea

The Joint Expeditionary Force (JEF) has embarked on an exercise in the Baltic Sea region to protect subsea infrastructure.

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

Shell goes on rig selection quest with site survey work in full swing ahead of drilling ops in North Sea

Shell is engaged in a rig selection and contracting process for a two-well drilling campaign in 2024 while site survey works associated with this exploration program in the North Sea are still ongoing.

about 2 years ago
Northern Lights carbon storage and transport project in Norway; Source: Northern Lights JV
Business & Finance

As Northern Lights examines its value chain’s CO2 footprint, Ørsted starts construction of carbon capture facilities

A study has been conducted to assess the estimated carbon footprint of the Northern Lights project’s CO2 transport and storage value chain.

about 2 years ago
Illustration/Floating Power Plant's floating wind and wave hybrid concept (Courtesy of Floating Power Plant)
Business & Finance

Floating Power Plant formalizes €26M grant agreement with EU for Seaworthy project

Danish renewable energy developer Floating Power Plant has just signed a €26 million grant agreement with the European Commission’s Innovation Fund for the Seaworthy project, which integrates floating wind, wave energy, and hydrogen production.

about 2 years ago