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Business & Finance

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Illustration; Source: BOEM
Business & Finance

As US steps closer to next Gulf of Mexico oil & gas round, NOIA boss urges rethink on lease sale limit

The U.S. Bureau of Ocean Energy Management (BOEM) has taken steps to set the stage for the next oil and gas leasing round to be held for offshore acreage in the Gulf of Mexico (GOM) by revealing a draft programmatic environmental impact statement (EIS) for which it is seeking public comments.

about 1 year ago
The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter.
Business & Finance

New patent validates C-Power’s ocean energy technology

The U.S. Patent and Trademark Office has granted the U.S.-based marine energy company C-Power a patent for its SeaRAY ocean energy converter. According to C-Power, the patent, which stems from a customer-driven design process, validates the SeaRAY technology as a unique innovation in the ocean energ

about 1 year ago
Ramform Hyperion seismic acquisition vessel; Source: TGS
Business & Finance

TGS reveals new partnership and 140-day gig in Southern Atlantic

TGS has won a new deal in South Atlantic and joined forces with Blue River Analytics, creators of the Analytics for Energy (A4E) Suite on the Spotfire platform, to optimize well and production data analysis.

about 1 year ago
Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Business & Finance

Marine energy and offshore wind projects get $18M boost from US

The U.S. Department of Energy (DOE) has allocated over $18 million for 27 research and development (R&D) projects to advance marine energy and offshore wind technologies. According to the U.S. DOE, these initiatives, which will be undertaken across 17 universities, including five minority-serving in

about 1 year ago
AKOFS Seafarer; Source: AKOFS Offshore
Business & Finance

$300M extension keeps AKOFS vessel busy offshore Norway

Equinor has prolonged a well intervention assignment for one of Oslo-headquartered AKOFS Offshore’s vessels on the Norwegian Continental Shelf (NCS).

about 1 year ago
A woman and a man standing and holding files with ADNOC's logo on them
Business & Finance

ADNOC and Petronas firm up deal for 15 years’ worth of LNG from Ruwais

Abu Dhabi National Oil Company (ADNOC) has signed a sales and purchase agreement (SPA) with Malaysia’s state-owned energy player Petronas for the supply of liquefied natural gas (LNG) from the Ruwais LNG plant.

about 1 year ago
Deepsea Bollsta rig; Source: Northern Ocean
Business & Finance

Fresh drilling gig in Norwegian waters scraps rig’s idle time before its multi-year job begins

Northern Ocean (NOL) has confirmed a short-term assignment with an undisclosed operator on the Norwegian Continental Shelf (NCS) for a semi-submersible rig, which is currently under contract in Africa.

about 1 year ago
Petrobras and Ecopetrol confirm Colombia's most significant gas discovery ever by drilling the Sirius-2 well with Noble Corporation's Noble Discoverer semi-submersible rig; Source: Petrobras
Business & Finance

‘Most significant gas discovery’ offshore Colombia puts $4.1 billion on the investment horizon

Petrobras and its partner, Ecopetrol, have confirmed a giant natural gas discovery off the coast of Colombia.

about 1 year ago
Dana-operated FPSO Triton lies approximately 6 km to the northeast in the UK Central North Sea; Source: Tailwind Energy
Business & Finance

North Sea FPSO goes offline once again

The oil and gas production at a floating production, storage, and offloading (FPSO) vessel in the North Sea, which is working on oil and gas assets operated by the UK-based upstream oil and gas player Serica Energy on the UK Continental Shelf (UKCS), has been switched off a week after partial restar

about 1 year ago
Damen
Business & Finance

Damen unveils ‘groundbreaking’ hull cleaning offering with ROV in starring role

Damen Shiprepair, part of Damen Shipyards Group, has revealed a hull cleaning service that uses a remotely operated vehicle (ROV) for its task. This vessel technology is said to be the first of its kind in France.

about 1 year ago
A large vessel at sea
Business & Finance

New duo comes on board Argentinian FLNG project

Two energy players have joined a floating liquefied natural gas (FLNG) project being co-developed by Southern Energy S.A. (SESA), a joint venture (JV) formed by Golar LNG, a Bermuda-headquartered owner and operator of liquefied natural gas (LNG) midstream infrastructure, and Latin American integrate

about 1 year ago
Elyse Energy secures funding for sustainable fuels production projects
Business & Finance

Elyse Energy secures funding for sustainable fuels production projects

Elyse Energy has secured circa €120 million from Hy24, PGGM, Bpifrance and Mirova to accelerate the development of its e-methanol and sustainable aviation fuel production projects in France and Spain.

about 1 year ago
Well-Safe Defender rig; Source: Well-Safe Solutions
Business & Finance

Well-Safe Solutions’ rig braves 13 North Sea storms to carry out Spirit Energy’s 15-well decom program

Well-Safe Solutions has shed more light on its decommissioning assignment with Spirit Energy, a North Sea operator, after crossing the finish line a few months ago, resulting in the completion of abandonment activities for 15 wells and recovery of 45.7 kilometers of tubing and casing alongside four

about 1 year ago
Mariner field in UK North Sea; Credit: Jamie Baikie/Equinor
Business & Finance

Shell and Equinor’s oil & gas merger giving birth to ‘biggest independent producer’ in UK North Sea

Shell and Equinor have set their cap on merging their offshore oil and gas assets in Great Britain to bring to life a combined company they claim will be the largest independent oil and gas player in the UK sector of the North Sea.

about 1 year ago
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