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Business & Finance

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Tender opens for Greece's second HVDC cable system
Business & Finance

Tender opens for Greece’s second HVDC cable system

Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO or ADMIE) has launched the tender for the country’s second high-voltage direct current (HVDC) cable system, a project that will integrate the Dodecanese Islands into the mainland high-voltage grid. The tender f

about 1 year ago
Engineers standing in line in front of a large sign
Business & Finance

Strike steel ceremony held for ‘largest FPSO in Petrobras’ history’

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A steel-cutting ceremony has been held for one of the two floating storage, production, and offloading (FPSO) units Singapore-headquartered Seatrium is building for Brazil’s state-owned giant Petrobras.

about 1 year ago
An aerial photo of the exhibition floor at Offshore Energy Exhibition & Conference 2023
Business & Finance

One week to go: 400+ exhibitors from offshore energy industry to gather in Amsterdam

The following is a press release from Navingo BV, the owner of Offshore-Energy.biz and organizer of the annual Offshore Energy Exhibition & Conference (OEEC). More than 400 exhibitors and co-exhibitors booked their spots at OEEC 2024 Businesses and organizations from across the offshore energy secto

about 1 year ago
European Commission
Business & Finance

Funding for EU’s second hydrogen auction increases to around €2 billion

Spain, Lithuania and Austria will participate in the ‘Auctions-as-a-Service’ scheme as part of the second European Hydrogen Bank auction, which will be launched on December 3, 2024.

about 1 year ago
Cantarell III rig; Source: Keppel
Business & Finance

Keppel taking back control over 13 rigs in hot pursuit of monetization during offshore drilling upcycle

In light of the improving conditions in the offshore rig market, Singapore-headquartered asset manager and operator Keppel has set the wheels in motion to seize control and return to its fold 13 legacy rigs currently held by Rigco Holding (Asset Co).

about 1 year ago
António Guterres, UN Secretary-General, delivers remarks at the opening of the World Leaders Climate Action Summit at COP29 in Baku, Azerbaijan; Credit: UNFCCC/Kiara Worth
Business & Finance

COP29’s trillion-dollar net zero battle: Needs, wants, and reality of global energy scene run by oil & gas

Many proponents of taking a stronger stance on global climate action are hoping for a pivotal shift in the final text of the 29th Conference of the Parties (COP29), which will turn the tide once and for all in favor of renewables by unlocking trillions required to pay the net zero bill while pulling

16 minutes read
Wallenius Wilhelmsen
Business & Finance

Wallenius Wilhelmsen to introduce future fuels-fit fuel surcharge

Norwegian shipping and logistics company Wallenius Wilhelmsen has decided to launch a re-engineered bunker adjustment factor, BAF2.0, to prepare for future fuels on the path to net-zero emissions by 2040.

about 1 year ago
Transocean Barents rig; Source: OMV Petrom
Business & Finance

WATCH: Transocean rig comes to Southeastern Europe for 540-day drilling gig on €4 billion gas project

Transocean is expected to kick off drilling activities in the Black Sea next year, after one of its semi-submersible rigs, which was hired for a gas project off the coast of Romania, arrived in Constanta.

about 1 year ago
Arnold Schwarzenegger and Inna Braverman visiting the Wave Energy Conversion Unit in the Port of LA. Source: Eco Wave Power
Business & Finance

Eco Wave Power gears up for first US onshore wave energy pilot installation

Eco Wave Power has received the final Nationwide Permit (NWP) from the U.S. Army Corps of Engineers for its wave energy pilot project at the Port of Los Angeles, marking a step toward the first U.S. onshore wave energy installation. According to Eco Wave Power, the permit, granted under NWP 52 for W

about 1 year ago
Allseas waves goodbye to shallow-water pipelay barge after 27 years
Business & Finance

Allseas waves goodbye to shallow-water pipelay barge after 27 years

Dutch offshore contractor Allseas is bidding farewell to a shallow-water pipelay barge it purchased in 1997, after having installed over 400 kilometers of nearshore pipeline across the world. Allseas has sold its 154-meter-long Tog Mor barge for repurpose after it ran aground in Mexico in September

about 1 year ago
Well-Safe Solutions has secured two contracts worth $25 million for well decommissioning operations in the UK Continental Shelf (UKCS)
Business & Finance

Well-Safe Solutions wins $25M well decom contracts in North Sea with extra $25M options

Aberdeen-based decommissioning services provider Well-Safe Solutions has secured two contracts worth $25 million for well decommissioning operations in the UK Continental Shelf (UKCS), with an additional $25 million in options for work extending into 2025 and 2026. Under the firm scope, which spans

about 1 year ago
LNG tanks under constructions by the sea
Business & Finance

Work done on Korea’s oil & LNG terminal with transformation into ‘carbon-neutral energy hub’ next on the agenda

Korea Energy Terminal (KET), a joint venture (JV) between Korea National Oil Corporation (KNOC) and SK Gas, has held a completion ceremony for its terminal at the North Port of Ulsan, South Korea.

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

Odfjell Drilling-managed rig going back to Europe for multimillion-dollar work in Norwegian waters

Northern Ocean (NOL) has won a short-term gig with an undisclosed operator and a long-term assignment with Norway’s energy giant Equinor on the Norwegian Continental Shelf (NCS) for a semi-submersible rig, which is currently in Africa.

about 1 year ago
European JV getting ready for installation of subsea cables for two Senegalese links (Photos)
Business & Finance

European JV getting ready for installation of subsea cables for two Senegalese links (Photos)

A joint venture of UK’s Enshore Subsea and Belgian Herbosch-Kiere has made progress in preparation for the installation of subsea power cables for two links that are part of a program that aims to revolutionize Senegal’s power infrastructure and provide sustainable electricity to millions of people.

about 1 year ago