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Business & Finance

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Seismic campaign completed at Aker BP and OMV's CCS license
Business & Finance

Seismic campaign completed at Aker BP and OMV’s CCS license

Aker BP and OMV have completed the acquisition of a 3D seismic survey over their carbon capture and storage (CCS) license area in the Norwegian North Sea. Norwegian seismic company PGS with its vessel Ramform Atlas carried out the campaign over the Poseidon CCS license located approximately 100 kilo

about 3 years ago
With FID in place, first Dutch CO2 storage project cleared for take-off
Business & Finance

With FID in place, first Dutch CO2 storage project cleared for take-off

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The final investment decision (FID) has been made for the Porthos CO2 storage project – the first such project in the Netherlands, allowing construction to start next year. Porthos, a joint venture of EBN, Gasunie, and the Port of Rotterdam Authority, will provide transport and storage services to s

about 3 years ago
EPCI contract win for Ocean Installer with Equinor
Business & Finance

Subsea tie-back win for Ocean Installer with Equinor

Norway’s energy giant Equinor has awarded Ocean Installer with an engineering, procurement, construction and installation (EPCI) contract for the subsea tie-back of the Eirin gas field in Norwegian waters. The scope covers the installation of structures, flexibles, umbilical, seabed rectification, t

about 3 years ago
Surveys about to start for Scottish offshore link
Business & Finance

Survey about to start for Scottish offshore link

Reach Subsea is set to begin a cable route seabed survey later this month for SSEN Transmission’s HVDC transmission link offshore Scotland. The survey activities will be carried out in the North Sea and Outer Moray Firth for the Spittal to Peterhead HVDC power cable. Survey vessel Viking Reach is ex

about 3 years ago
QatarEnergy and Shell agree on 27-year LNG supply to the Netherlands
Business & Finance

QatarEnergy and Shell agree on 27-year LNG supply to the Netherlands

QatarEnergy and Shell, through their affiliates, have signed two long-term LNG sale and purchase agreements for the supply of LNG from Qatar to the Netherlands. Pursuant to the agreements, up to 3.5 million tons per annum (mtpa) of LNG will be delivered to the Gate LNG terminal in the port of Rotter

about 3 years ago
High-quality gas reservoir discovered in southern North Sea
Business & Finance

High-quality gas reservoir discovered in southern North Sea

Dana Petroleum, the UK subsidiary of Korea National Oil Corporation (KNOC), has discovered high-quality gas in the North Sea through exploratory drilling in the 42/27 exploration block. Dana Petroleum acquired a 50% stake in block 42/27 in the southern North Sea through international bidding in 2020

about 3 years ago
Fugro opens geotechnical testing lab in Taiwan
Business & Finance

Fugro opens geotechnical testing lab in Taiwan

Dutch geo-data specialist Fugro has opened a new geotechnical testing laboratory in Taiwan to cater to the offshore wind market and energy and infrastructure sectors. In 2020, Fugro established the Fugro IOVTEC joint venture with IOVTEC Co., Ltd. to support its business expansion in Taiwan’s offshor

about 3 years ago
UK decommissioning firm sets sight on CCS projects
Business & Finance

UK decommissioning firm sets sight on CCUS projects

UK well decommissioning company Well-Safe Solutions is targeting carbon capture, usage and storage (CCUS) projects with the appointment of the company’s first energy transition manager. Well-Safe announced on 17 October that it is adding CCUS as well as geothermal project capabilities to its offerin

about 3 years ago
Romania approves Maritime Spatial Plan
Business & Finance

Romania approves Maritime Spatial Plan

Romanian ministries have prepared a draft emergency ordinance with which the Maritime Spatial Plan (MSP), a strategic planning document identifying the spatial and temporal distribution of current and future activities and uses within Romanian waters, is approved. Romania’s Ministry of Environment a

about 3 years ago
Seismic signals indicating possible explosion recorded near Balticconnector gas pipeline
Business & Finance

Seismic signals indicating possible explosion recorded near Balticconnector gas pipeline

Seismic signals have been recorded in the vicinity of the Balticconnector gas pipeline between Finland and Estonia, indicating a possible explosion had occurred around the time an unusual drop in pressure was observed. To remind, Balticconnector was shut down at midnight on October 8 after Finnish a

about 3 years ago
3D rendering of the Ammonia fuelled MGC, provided by Hyundai Mipo Dockyard
Business & Finance

Industry firsts: HD Korea Shipbuilding to fit Exmar’s LPG carriers with ammonia-powered engines

South Korean shipbuilding major HD Korea Shipbuilding & Marine Engineering will install ammonia dual-fuel engines in two 46,000-cubic-meter medium-sized LPG carriers that are being built for Belgian shipping company Exmar. The vessels, measuring 190 meters in length, 30.4 meters in width, and 18.8 m

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

In focus: The hard truths and wake-up calls in the global energy transition

As the world races towards a net-zero emissions future by 2050, it’s imperative to acknowledge some hard truths and heed the wake-up calls emerging from the latest reports and analyses. The energy transition journey is undoubtedly complex, laden with challenges and unearthing difficult realities as

about 3 years ago
Tommeliten A; Source: ConocoPhillips
Business & Finance

More North Sea gas gushes out as cross-border project comes on stream ahead of schedule

ConocoPhillips has started production from a cross-border field in the North Sea six months ahead of schedule, ensuring more Norwegian gas for the energy market.

about 3 years ago
Oil spill (for illustration purposes); Source: Vissim
Business & Finance

Vår Energi revamps oil spill detection technology on assets off Norway

Vår Energi has hired Vissim to fit a new and upgraded oil spill detection solution at its installations on the Norwegian continental shelf.

about 3 years ago