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Business & Finance

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Noble Valiant drillship; Source: Noble Corporation
Business & Finance

With contract backlog of $4.7 billion, Noble looks forward to ‘sustained long-term upcycle’

Noble Corporation has reported strong operational and financial performance during the third quarter of 2023.

about 3 years ago
Illustration; Source: The International Energy Agency (IEA)
Business & Finance

IEA: Redoubling international cooperation ‘vital’ to usher clean energy era faster and end fossil fuel reign

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The International Energy Agency’s new report outlines that the energy world is expected to change its stripes by 2030.

about 3 years ago
New partnership targets cable-lay market
Business & Finance

New partnership targets cable-lay market

The Netherlands-based Huisman has signed a partnership agreement with ESD to expand its cable-lay product portfolio, with the aim of increasing its position in the offshore wind market. According to Huisman, the agreement will see the combination of ESD’s expertise in designing smart cable-lay solut

about 3 years ago
Prysmian hits dynamic cables milestone
Business & Finance

Prysmian hits dynamic cables milestone

Prysmian Group has completed the pre-termination phase for the dynamic cables destined for a floating offshore wind farm off the coast of France – said to be the company’s first turnkey project of a dynamic cables system for a floating wind farm. Prysmian announced the completion of the dynamic cabl

about 3 years ago
TECO 2030 & Yokogawa ally on use of H2 fuel cells in industrial applications
Business & Finance

TECO 2030 & Yokogawa ally on use of H2 fuel cells in industrial applications

Norway’s cleantech company TECO 2030 and Japan’s electrical engineering and software company Yokogawa Electric Corporation have signed a strategic partnership and investment agreement regarding the development of technology for utilizing hydrogen fuel cells in industrial applications. Under the agre

about 3 years ago
Gulf of Mexico and Norway on schedule for TGS
Business & Finance

Gulf of Mexico and Norway on schedule for TGS

Norway’s TGS has secured an extension of a contract offshore Norway, as well as a new contract with a repeat customer in the Gulf of Mexico. TGS secured a four-year extension to a proprietary reservoir monitoring and source acquisition contract in Norway, with a further option to extend by another t

about 3 years ago
Illustration; Source: United Oil & Gas
Business & Finance

With UK fiscal challenges ‘undermining investor confidence,’ sale of North Sea discovery falls through due to lack of money

Quattro Energy Limited has been unable to raise the required funds for the acquisition of United Oil & Gas’ license in the Central North Sea, which includes an existing hydrocarbon discovery.

about 3 years ago
Deepwater Titan drillship; Source: Transocean
Business & Finance

Backlog boost for sixth quarter in a row stokes Transocean’s multi-year upcycle hopes

Transocean has enlarged its contract backlog for the sixth consecutive quarter, expanding it to $9.4 billion at the end of 3Q 2023.

about 3 years ago
ETAP facility in the North Sea; Source: BP
Business & Finance

BP sees sharp drop in profit due to flat gas prices but uplifts renewables pipeline

BP has achieved production growth, a reduction in net debt, and a “robust” operating cash flow, based on its results for 3Q 2023.

12 minutes read
Shell's Norwegian gas field pioneers remote data harvesting
Business & Finance

Shell’s Norwegian gas field pioneers remote data harvesting

Sonardyne, working with XOCEAN’s uncrewed surface vehicles (USV), has delivered remote acoustic data harvesting services to Shell at its Ormen Lange gas field in the Norwegian Sea that does not have conventional surface operation platforms. Without surface platforms, acoustic data from the subsea se

about 3 years ago
c-job
Business & Finance

MEYER Group takes 50% stake in C-Job

Dutch ship design and engineering company C-Job Naval Architects has formed a strategic partnership with MEYER Group, wherein MEYER Group will acquire a 50 percent stake in C-Job. MEYER Group, an international consortium, operates three shipyards under MEYER Werft, located in Papenburg, Rostock, and

about 3 years ago
Uranus rig carried out Trillion's 2022 – 2023 drilling campaign at SASB; Source: Trillion Energy
Business & Finance

Ongoing perforation program ups Black Sea gas field’s production ante

Trillion Energy has revealed a boost in production rates at a natural gas field in the Black Sea off Türkiye.

about 3 years ago
German offshore wind farm signs green hydrogen PPA
Business & Finance

German offshore wind farm signs green hydrogen PPA

In an announcement on acquiring a further stake in the German Butendiek offshore wind farm earlier this month, Ireland-based Greencoat Renewables said that the project had signed one of the largest renewable energy Power Purchase Agreements (PPAs) in Germany. It has now been revealed the electricity

about 3 years ago
Eidesvik PSV prolongs its time with Wintershall Dea
Business & Finance

Eidesvik PSV prolongs its time with Wintershall Dea

Norwegian offshore vessel operator Eidesvik Offshore has secured a contract extension with Wintershall Dea for its platform supply vessel (PSV) Viking Princess. Viking Princess was hired by Wintershall Dea Norge back in October 2020 and the first extension option was exercised in October 2021 to pro

about 3 years ago