Business & Finance
Diamond Offshore rig embarks on its first North Sea gig with Repsol
Diamond Offshore’s semi-submersible rig has started its first assignment with Repsol in the UK sector of the North Sea.
Trafigura inks $400 million credit facilities to buy US LNG for European customers
Commodities trading group Trafigura has entered into two revolving credit facilities for a total combined amount of $400 million, with insurance from the Export-Import Bank of the United States (US EXIM), to supply European customers with LNG. The company said the facilities will exclusively be used
Multi-year extension of Repsol Sinopec deal prolongs Petrofac’s spell of success in North Sea
Petrofac has been awarded a three-year contract extension in support of Repsol Sinopec Resources UK’s North Sea operations.
Solstad tucks in extension trifecta with Equinor, Subsea 7, and DeepOcean
Solstad Offshore has secured contract extensions with Equinor, Subsea 7, and DeepOcean for one of its AHTS vessels and two CSVs.
TotalEnergies puts Danish firm in charge of gas lift project for North Sea platform
TotalEnergies has hired Denmark’s Semco Maritime for a gas lift project on an unmanned wellhead platform in the Danish part of the North Sea.
Poseidon Principles align with IMO’s raised ambitions
The Poseidon Principles have updated their global framework for assessing and reporting financial institutions’ shipping portfolios’ alignment with climate goals to the IMO’s revised GHG strategy adopted in July 2023. Pioneered in 2019 by Citi, Societe Generale, and DNB with the support of the Globa
First gas flows from subsea tie-back offshore Norway
OKEA has brought on stream its first operated development project as a subsea tie-back to an existing platform in the Norwegian Sea.
All energy roads lead to decarbonization with gas as a linchpin of low-carbon transformation
Despite the growing opposition to fossil fuels, natural gas, primarily LNG, is still the top contender for the transition fuel, which will bridge the gap towards the sought-after low-carbon and green energy future.
QED Naval presents its ‘tidal town’ vision to Anglesey officials
Scottish company QED Naval has ‘constructive discussions’ with MP of Anglesey Virginia Crosbie, taking the opportunity to outline its plans for the development of 4.5MW tidal energy project off Holy Island, along with associated operations. A strong advocate for decarbonization, Crosbie believes tha
Expro finalizes acquisition of US well intervention firm
UK-headquartered energy services provider Expro has completed the acquisition of Houston-based offshore services provider PRT Offshore, said to enable the company to enhance its portfolio of services and solutions within the subsea well access sector in North and Latin America. The acquisition is al
Hybrid-battery-powered vessel backs DeepOcean on UK decommissioning gig
Subsea services provider DeepOcean has completed a decommissioning project on a Fairfield Energy platform located on the UK continental shelf, with work conducted from a hybrid-battery-powered construction support vessel (CSV). As part of its scope, DeepOcean removed six subsea conductors and four v
Alexandroupolis LNG terminal wins €106 million European Commission grant
The European Commission has approved, under EU State aid rules, a €106 million Greek measure to support the completion of the construction of Gastrade’s liquefied natural gas (LNG) terminal in Alexandroupolis. The aid will take the form of a direct grant, and according to Gastrade, the promoter and
Odfjell Drilling-managed rig starts drilling ops for Neptune in North Sea
Neptune Energy has kicked off drilling activities at an appraisal well in the Norwegian sector of the North Sea, using a semi-submersible rig managed by Odfjell Drilling.
Oil & gas supermajor books Argeo for three-month program
Argeo is set to commence a three-month deepwater inspection program for a client that it described as an “oil and gas supermajor”. The agreement comprises deepwater autonomous underwater vehicle (AUV) inspection services and remotely operated vehicle (ROV) inspection separated in two detailed work p