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Business & Finance

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Siemens Energy delivers grid transformers for Ireland-Wales interconnector
Business & Finance

Siemens Energy delivers grid transformers for Ireland-Wales interconnector

Siemens Energy has delivered four grid transformers for the 500 MW Greenlink subsea and underground electricity interconnector that will link Ireland and Wales. The four 160-ton grid transformers were transported by sea from Nuremberg, Germany, to Belview Port Waterford in Ireland in order to avoid

about 3 years ago
Noble-owned Khamsin drillship (for illustration purposes); Source: Equinor
Business & Finance

International offshore rig count takes a downturn

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Baker Hughes’ international rig count report shows a sharp drop in the number of offshore rigs in September 2023.

about 3 years ago
Plexus completes P&A gig for Oceaneering
Business & Finance

Plexus completes P&A gig for Oceaneering

England’s oil and gas engineering services firm Plexus Holdings has completed its work for the plug and abandonment (P&A) equipment and services campaign for Oceaneering. The P&A order from Oceaneering included tieback and subsea well control equipment together with hydraulic controls and services i

about 3 years ago
Brage platform; Courtesy of Wintershall Dea/Morten Berentsen
Business & Finance

Vår Energi offloads stake in North Sea field

Vår Energi has inked a deal with Petrolia NOCO (Petrolia) to dispose of its entire interest in a field located in the Norwegian North Sea.

about 3 years ago
Euronav
Business & Finance

Frontline to acquire 24 VLCCs from Euronav for $2.35 billion as part of talks to end ‘structural deadlock’

Belgian tanker major Euronav NV confirmed the recent flurry of speculations engulfing discussions between two of its major stakeholders, Frontline and CMB NV. The rumors have stirred up volatility in Euronav’s share price, subsequently prompting the suspension of Euronav shares on Euronext Brussels.

about 3 years ago
Lease agreement in for North Sea carbon capture and storage project
Business & Finance

Lease agreement in for North Sea carbon capture and storage project

The UK’s Crown Estate has awarded an agreement for lease for what could become one of the world’s largest carbon capture and storage (CCS) projects. The agreement for lease will allow BP, as the lead operator, to further progress the planned Endurance CCS project, a reservoir in the North Sea that w

about 3 years ago
Port of Rotterdam backs ZEMBA with incentive for sustainable shipping fuels
Business & Finance

Port of Rotterdam backs ZEMBA with incentive for sustainable shipping fuels

The Port of Rotterdam has announced a port fee reduction for ships that bunker sustainable fuels in Rotterdam, supporting the Zero Emissions Maritime Buyers Alliance (ZEMBA). The Port of Rotterdam highlighted ZEMBA’s recent launch of a request for proposals for the transport of 600,000 twenty-foot c

about 3 years ago
Mermaid Maritime secures $485 million in multiple new contracts
Business & Finance

Mermaid Maritime secures $485 million in multiple new contracts

Thailand-headquartered subsea services provider Mermaid Maritime has secured multiple new contracts with a combined value of approximately $485 million. Mermaid Maritime reported that its subsidiaries had secured multiple new offshore project awards in Thailand, the Middle East, Western Sub Sahara,

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

All-systems-go for ConocoPhillips to bring online cross-border North Sea project

Norwegian authorities have given their blessing for the start-up of the ConocoPhillips-operated cross-border field in the North Sea.

about 3 years ago
HMD
Business & Finance

Gunvor and Solvang form JV, order five carbon capture-ready VLGCs

Geneva-based energy trading firm Gunvor Group and Norwegian shipping company Solvang ASA have formed a joint venture to own and operate next-generation eco-vessels for the liquefied petroleum gas (LPG) market. The joint venture has placed an order for five very large gas carrier (VLGC) newbuilds wit

about 3 years ago
Deepsea Nordkapp rig; Source: Odfjell Drilling
Business & Finance

Aker BP all-set to put Odfjell Drilling rig to work on two North Sea fields

Aker BP has received consent to use one of Odfjell Drilling’s rigs for production drilling on two fields located in the North Sea off Norway.

about 3 years ago
Argeo survey vessel to be upgraded as clients are requesting additional capability
Business & Finance

Argeo survey vessel to be upgraded as clients are requesting additional capability

Argeo’s subsea vessel Argeo Searcher is set to undergo an upgrade which will make it a “true” multipurpose inspection, maintenance and repair (IRM), greenfield survey vessel and mineral exploration vessel. The vessel upgrade will be carried out at Norway’s Fjellstrand this month and is fully finance

about 3 years ago
L to R: Jim Dollard, Patrik Möller and Sam Roch Perks with scaled CorPower Ocean’s wave energy device (Courtesy of ESB)
Business & Finance

ESB partners up with Simply Blue Group on 5MW wave energy project offshore Ireland

Blue economy developer Simply Blue Group and Ireland’s premier energy company ESB have partnered up to pool expertise and resources to deliver a pioneering 5MW wave energy farm, located close to the Co Clare coast in Ireland.

about 3 years ago
Adriatic LNG starts 2021 Open Season
Business & Finance

Report: ExxonMobil selling majority stake in Italy LNG terminal to BlackRock

U.S. energy major ExxonMobil has chosen compatriot investment company BlackRock as the potential buyer for its majority stake in Italy’s Adriatic liquefied natural gas (LNG) import terminal, according to Reuters. Reportedly, the stake sale drew interest from infrastructure funds and international gr

about 3 years ago