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Business & Finance

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Nauticus wraps up initial tether-less survey scope for Shell in Gulf of Mexico
Business & Finance

Nauticus wraps up autonomous, tether-less survey for Shell in Gulf of Mexico

U.S.-based developer of subsea autonomous robotic systems and software Nauticus Robotics has completed its initial 2024 Gulf of Mexico survey scope for UK’s energy giant Shell, carried out autonomously without a tether. The work, performed for Shell Exploration and Production Inc., covered inactive

about 1 year ago
Fuella reveals second green ammonia project in Brazil
Business & Finance

Fuella reveals second green ammonia project in Brazil

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Norwegian green hydrogen and ammonia company Fuella has signed an agreement with the Port of Pecém to develop a large-scale green ammonia project in Pecém, in the State of Ceará, in Brazil. Under the agreement signed on October 28, Fuella aims to develop a facility that will produce 400,000 tons of

about 1 year ago
GreenShipping Niedersachsen
Business & Finance

GreenShipping Niedersachsen secures funds to carry on with decarbonization projects

Germany’s GreenShipping Niedersachsen (GSN) Competence Center has received funding approval from compatriot NBank, allowing the center to continue its work on maritime decarbonization.

about 1 year ago
Ongoing data reprocessing program at block off Uruguay to back farmout process targeted for mid-2025
Business & Finance

Ongoing data reprocessing program at block off Uruguay to back farmout process targeted for mid-2025

Isle of Man-headquartered oil and gas player Challenger Energy Group (CEG) is carrying out a data reprocessing program at a shallow water exploration block off the coast of Uruguay, expected to back a formal farm-out process anticipated to commence in mid-2025. A program of reprocessing work is unde

about 1 year ago
Enova backs Norwegian shipping with investment in hydrogen production projects
Business & Finance

Enova backs Norwegian shipping with investment in hydrogen production projects

To springboard the use of hydrogen in the Norwegian maritime industry, Enova has awarded over NOK 777 million ($70.92 million) to five hydrogen production projects.

about 1 year ago
Sea1 orders two methanol-ready offshore energy support vessels from China
Business & Finance

Sea1 orders two methanol-ready offshore energy support vessels from China

Norwegian vessel operator Sea1 Offshore, formerly known as Siem Offshore, has placed an order with Chinese shipyard Cosco Shipping for two next-generation offshore energy support vessels (OESVs) that will be methanol-ready. Bernt Omdal, CEO of Sea1, said that the investment is part of the company’s

about 1 year ago
NKT's new cable extrusion tower reaches full height, becoming second tallest in the Nordics
Business & Finance

NKT’s new cable extrusion tower reaches full height, becoming 57th tallest European structure

The new cable extrusion tower that Denmark’s power cable manufacturer and installation company NKT is building at its power cable factory in Karlskrona, Sweden, has reached its full height of 200 meters, becoming the second tallest tower in the Nordics. This third extrusion tower at the Karlskrona f

about 1 year ago
Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast
Business & Finance

Shell pauses Gulf of Mexico drilling, transfers personnel to shore due to hurricane forecast

UK-headquartered energy giant Shell has paused certain drilling operations and began transferring non-essential personnel to shore from its Gulf of Mexico assets amid disturbance likely to become a hurricane. Shell reported on Monday, November 4, that it had started transferring non-essential person

about 1 year ago
Saab UK's Seaeye SR20 eWROV water trials. Source: Saab
Business & Finance

Saab’s remotely operated vehicle finishes water trials, moving toward sea tests

Saab UK has completed inshore water testing for its Seaeye SR20 eWROV, marking what it says is a significant milestone in the development of the fully electric, work-class remotely operated vehicle (ROV). Last month, the SR20 underwent rigorous trials aimed at validating its specifications and perfo

about 1 year ago
Deepsea Mira rig; Source: Odfjell Drilling
Business & Finance

TotalEnergies embarks on high-impact exploration drilling ops offshore Namibia

TotalEnergies has kicked off drilling activities at an exploration well close to previously made light oil discovery in the prolific Orange Basin off the coast of Namibia with a semi-submersible rig owned by Northern Ocean and managed by Odfjell Drilling.

about 1 year ago
North Sea; Source: OEUK
Business & Finance

Wheels up to change rules of oil & gas game in UK waters while windfall tax hike gets green light

The United Kingdom (UK) plans to embark on consultations to come up with new environmental guidance for offshore oil and gas projects in the aftermath of the recent Supreme Court ruling.

13 minutes read
Two men sitting at a desk with two women standing behind them
Business & Finance

TotalEnergies supplying Sinopec with LNG well into 2040s

France’s energy giant TotalEnergies has inked a heads of agreement (HoA) with China Petrochemical Corporation (Sinopec) for a multi-year sale of liquefied natural gas (LNG).

about 1 year ago
Stena Forth drillship; Source: Stena Drilling
Business & Finance

Stena Drilling drillship comes to spud Chevron’s prospect in West Mediterranean as Egypt anticipates oil & gas growth with further exploration

Stena Drilling has brought one of its drillships back to Egyptian waters to embark on a drilling assignment with Chevron in the mostly unexplored West Mediterranean (West Med) blocks off the coast of Egypt.

about 1 year ago
Argeo signs eight-year data agreement with Suriname’s oil & gas regulator
Business & Finance

Argeo signs eight-year data agreement with Suriname’s oil & gas regulator

Norway’s subsea services provider Argeo has entered into an eight-year agreement with Staatsolie, Suriname’s oil and gas regulator and state oil company, for the acquisition, processing and sales of multi-client data in Suriname. The execution of the agreement will be performed in several phases ove

about 1 year ago