Business & Finance
Everfuel-Hy24 JV all set to work on green hydrogen infrastructure in the Nordics
Everfuel, a Denmark-based green hydrogen company, and Hy24, managing the world’s largest clean hydrogen infrastructure fund, have completed the transaction establishing the joint venture (JV) to begin financing the development of electrolyzer capacity across the Nordics. The parties announced the cr
Aker Solutions, Subsea7 and SLB joint venture closes
Subsea7, SLB and Aker Solutions have closed the previously announced joint venture which will operate under the OneSubsea name. OneSubsea now comprises SLB’s and Aker Solutions’ subsea businesses, which include complementary subsea production and processing technology portfolio, manufacturing scale
Aker BP hands out another multi-million deal for North Sea power from shore project
Aker BP has picked Multiconsult Norge for work on a power from shore project at a recently sanctioned development in the North Sea.
Jan De Nul orders world’s largest cable-laying vessel from China
Jan De Nul has placed an order for an extra-large cable-laying vessel (CLV) at China’s CMHI Haimen shipyard, which, with its cable-carrying capacity of 28,000 tonnes, is said to be the world’s largest. Named Fleeming Jenkin, the CLV will be equipped with three cable carousels, two mounted on deck an
UK oil & gas firm hits pause on farm-out for asset off Ireland to spruce up subsurface imaging
Europa Oil & Gas has decided to temporarily halt the farm-out process for a license located offshore Ireland.
More work to keep Shelf Drilling rig busy until mid-2024
Shelf Drilling has secured a new contract extension for one of its jack-up rigs for operations on the UK Continental Shelf (UKCS).
In focus: Advanced economies should pave the net-zero way as bolder action is needed
Although achieving the current net-zero targets is still possible due to the fast-paced development of clean energy technologies, experts believe that we need to make moves that are more strategic.
Türkiye’s drillship kicks off drilling ops in Black Sea
TPAO has started drilling a new well in the Black Sea in a search for more hydrocarbons to further strengthen the country’s energy security.
Welsh government starts assessing applications for tidal lagoon challenge
The Welsh government has started the review of 10 applications received from more than 20 organizations as part of its €860,000 (£750,000) Tidal Lagoon Challenge.
Double win for Baker Hughes offshore Norway
Baker Hughes has secured two contracts with Norwegian oil and gas company Vår Energi, said to strengthen its North Sea presence for exploration logging, well intervention technology and subsea production systems. The first contract is a nine-year engagement that will utilize Baker Hughes’ well inter
HydroQuest launches crowdfunding campaign to support tidal energy activities
French tidal energy company HydroQuest has launched a crowdfunding campaign, targeting €1.5 million to meet the objectives of a major FloWatt tidal energy project.
NKT and Prysmian secure €4.6 billion in cable contracts for German grid connections
German transmission system operator (TSO) 50Hertz has awarded several contracts to power cable manufacturers NKT and Prysmian. Valued at around €4.6 billion in total, the contracts include offshore wind farm export cables, onshore energy connections, and interconnection for an energy island. NKT and
INEOS: Windfall taxes and mixed signals from politicians tearing down UK’s oil & gas industry
According to INEOS, a combination of windfall taxes and negative signals from politicians are wreaking havoc on the UK’s oil & gas industry.
Equinor ready to begin drilling work with Transocean rig
Equinor has received consent to use one of Transocean’s semi-submersible rigs for production drilling at a field in the North Sea off Norway.