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Business & Finance

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Countdown begins: Offshore Energy Exhibition & Conference 2023 opens in one week
Business & Finance

Countdown begins: Offshore Energy Exhibition & Conference 2023 opens in one week

Industry giants, experts, policymakers, innovators and start-ups from the offshore energy sector will meet at the Offshore Energy Exhibition & Conference 2023 (OEEC 2023) in Amsterdam one week from now. The backdrop to two full days of discussions, insights and updates is the exhibition floor that w

about 2 years ago
Subsea7 tendering work for 'major' EPCI projects with offshore activity in 2026 and beyond
Business & Finance
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Subsea7 tendering work for ‘major’ EPCI projects with offshore activity in 2026 and beyond

Subsea7 has reported revenue of $1.6 billion for the third quarter of the year, an increase of $174 million or 12% compared to the same period in 2022, mainly due to significantly increased activity in the Subsea and Conventional business unit. With this, the company said it was on track to meet gui

about 2 years ago
Askepott rig; Source: Equinor
Business & Finance

KCA Deutag in charge of electrification project enabling Equinor to get its first onshore powered rig

KCA Deutag’s Kenera business unit has been hired for a rig electrification project by Norway’s state-owned energy giant Equinor.

about 2 years ago
NSEC countries ‘unlikely’ to meet 2030 offshore wind target without immediate action on port development, study says
Business & Finance

NSEC countries ‘unlikely’ to meet 2030 offshore wind target without immediate action on port development, study says

A new report from the North Seas Energy Cooperation (NSEC) calls for “immediate action” on developing new port infrastructure and upgrading existing port facilities as the study behind the report found the joint offshore wind target of the nine NSEC countries for 2030 is unlikely to be met otherwise

about 3 years ago
Hy2gen and Amogy team up on ammonia-powered energy solutions
Business & Finance

Hy2gen and Amogy team up on ammonia-powered energy solutions

Hy2gen Norge, a subsidiary of hydrogen company Hy2gen, and Amogy, an ammonia power solutions company, have signed a memorandum of understanding (MoU) to collaborate in the field of renewable ammonia in Norway. The agreement encompasses the pooling of resources to advance the use of renewable ammonia

about 3 years ago
Transocean Enabler rig; Credit: Jan Arne Wold/Equinor
Business & Finance

Green light for Vår Energi to kick off drilling ops with Transocean rig

Vår Energi has received consent to use one of Transocean’s semi-submersible rigs on a field located in the Barents Sea.

about 3 years ago
Egyptian govt taps Jan De Nul for Egypt-to-Europe undersea export cable
Business & Finance

Egyptian govt taps Jan De Nul for Egypt-Europe undersea export cable

Jan De Nul has signed an agreement with the Egyptian government, represented by the Egyptian Electricity Transmission Company (EETC), to start a study for the construction of an undersea export cable between Egypt and Europe. In late September, the Egyptian government reaffirmed its plans to build a

about 3 years ago
Illustration/QED Naval’s SubHub platform with Tocardo tidal turbines (Courtesy of QED Naval)
Business & Finance

Marine Energy Wales applauds price increase for offshore renewables in next CfD auction

Marine Energy Wales has welcomed the increase in administrative strike prices for offshore wind and tidal energy in the next UK government’s contracts for difference (CfD) allocation round.

about 3 years ago
European ministers urged to streamline renewable hydrogen financing
Business & Finance

European ministers urged to streamline renewable hydrogen financing

In a joint letter, CEOs from the Renewable Hydrogen Coalition (RHC) have urged European Ministers of Finance to streamline financing to renewable hydrogen and electrolyzer manufacturing capacity within Europe and allocate national budgets to the European Hydrogen Bank. According to the CEOs, the cri

about 3 years ago
Unity platform; Source: INEOS
Business & Finance

Reliance on gas imports rising due to UK’s energy policy with ‘high North Sea taxes and disincentives’

Is the UK’s government’s energy policy is holding back the UK economy, as energy cost differences hit Britain’s businesses and consumers?

about 3 years ago
Argeo formalizes AUV order with Kongsberg
Business & Finance

Argeo formalizes AUV order with Kongsberg

Marine survey contractor Argeo has formally signed the contracts with Kongsberg for the purchase of three Hugin autonomous underwater vehicles (AUVs). In September Argeo announced the purchase of three new AUVs from Kongsberg, two Hugin Superiors and one Hugin 6000. The contracts for all three vehic

about 3 years ago
Illustration; Source: TotalEnergies
Business & Finance

In focus: Energy and maritime plays shaping greener future to wean the world off fossil fuels

This week saw Europe entrench its position as the decarbonization trailblazer, with the Netherlands, Germany, Norway, Denmark, and Belgium spearheading the new wave of projects.

23 minutes read
FPSO Western Isles; Source: Sevan SSP
Business & Finance

2017-built FPSO picked for redeployment at North Sea oil project

Jersey Oil & Gas and NEO Energy have chosen an FPSO for work on their oil development project on the UK Continental Shelf (UKCS).

about 3 years ago
Sumitomo subsidiary enters UK carbon storage sector
Business & Finance

Sumitomo subsidiary enters UK carbon storage sector

Carbon Catalyst has entered into an agreement with Summit Energy Evolution Limited (SEEL), a wholly owned subsidiary of Sumitomo Corporation, for the farmout of a 10% interest in a North Sea carbon capture and storage (CCS) project. Carbon Catalyst announced it had reached an agreement with SEEL to

about 3 years ago