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Business & Finance

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Viridien and SLB's first Australian partnership looks into exploration and carbon storage potential
Business & Finance

Viridien and SLB’s first Australian partnership looks into exploration and carbon storage potential

France-based geophysical services company Viridien, formerly known as CGG, and American oilfield services company SLB have partnered for the first time in Australia to gather data into the exploration and carbon storage potential of the Bonaparte Basin. Viridien reported on October 24 that the partn

about 2 years ago
Transocean Spitsbergen rig; Source: Transocean
Business & Finance
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Transocean rigs clinch $1.3 billion in offshore drilling gigs

Transocean has got hold of a new batch of contracts and extensions in the U.S. Gulf of Mexico, India, Norway, and Australia for six floaters, encompassing four drillships and two semi-submersible rigs.

about 2 years ago
HydroQuest’s concept for its next-gen 2.5MW tidal turbines (Courtesy of HydroQuest)
Business & Finance

Innovation Fund backs 29 MW tidal power expansion in Normandy with €51M

French tidal energy company HydroQuest and tidal energy developer Normandie Hydroliennes have secured €51 million in Innovation Fund grants to advance two tidal energy projects in France’s Raz Blanchard. The funding, awarded under the Innovation Fund’s 2023 call, emphasizes the role of European sup

about 2 years ago
Crowley
Business & Finance

Carbon Ridge secures funding to advance development of its OCCS technology

U.S.-based developer of modular onboard carbon capture and storage solutions Carbon Ridge has raised $9.5 million in funding to advance the commercial demonstration of its patent-pending onboard carbon capture and storage solution (OCCS).

about 2 years ago
SF Bay Ferry secures $12 million state grant for Harbor Bay ferry route electrification
Business & Finance

SF Bay Ferry secures $12 million state grant for Harbor Bay ferry route electrification

Public ferry service provider San Francisco Bay Ferry (SF Bay Ferry) has received a $12.5 million grant to set up electric vessel charging infrastructure at the Harbor Bay Ferry Terminal in Alameda as part of the Rapid Electric Emission-Free Ferry (REEF) Program. SF Bay Ferry’s REEF Program includes

about 2 years ago
Montreal Port
Business & Finance

Montreal Port Authority makes progress on pathway to carbon neutrality

In a bid to enhance energy efficiency and reduce its carbon footprint as part of broader strategy objectives, Canada’s Montreal Port Authority (MPA) has entered into a strategic partnership with SOFIAC, a local investment fund specializing in decarbonization.

about 2 years ago
Thylacine platform in the Otway Basin; Source: Beach Energy
Business & Finance

More gas flows to Australian market as Beach Energy brings offshore duo on stream

Beach Energy has started production from two wells in the Otway Basin in Commonwealth waters, approximately 65 km southwest of the Victorian coastline.

about 2 years ago
TotalEnergies assigns more work to Shearwater offshore Angola
Business & Finance

TotalEnergies assigns more work to Shearwater offshore Angola

Norwegian marine geoscience and technology company Shearwater GeoServices has secured its second contract with French energy giant TotalEnergies for a project offshore Angola. The project will include a three-month deepwater ocean bottom node (OBN) survey covering the Golfinho and Cameia fields, loc

about 2 years ago
Statfjord C platform; Credit: Harald Pettersen/Equinor
Business & Finance

TotalEnergies, Equinor among players pursuing decarbonization project for floating and fixed offshore installations

Techouse is pooling resources with multiple energy companies, including TotalEnergies and Equinor, alongside SINTEF Energy Research, to develop and test a joint industry project (JIP), which aims to change the oil and gas industry’s mind about retrofitting offshore power generation with combined cyc

about 2 years ago
DEME Empire Wind
Business & Finance

DEME to install inter-array cables, secondary steel on OranjeWind project in Netherlands

DEME has been awarded a contract to carry out the transport and installation of inter-array cables and secondary steel for the 800 MW OranjeWind offshore wind farm in the Netherlands. Scheduled to start in the second half of 2026, DEME will deploy offshore and cable installation vessels, a hopper dr

about 2 years ago
Illustration; Source: Sunda Energy, former Baron Oil
Business & Finance

Rig activity overruns defer UK firm’s drilling ops on gas field offshore Timor-Leste

UK-based and AIM-listed Sunda Energy, former Baron Oil, has disclosed a new timeline for the drilling of an appraisal well at a gas field off the coast of Timor-Leste.

about 2 years ago
Jackdaw platform; Source: Aker Solutions
Business & Finance

Shell and Equinor weeks away from court fight over two mega oil & gas projects in UK waters

The legal battle that may decide the fate of two of the largest undeveloped oil and gas fields off the coast of the United Kingdom (UK) is fast approaching with less than three weeks left until the set date.

about 2 years ago
FPSO Sepetiba; Source: SBM Offshore
Business & Finance

SBM Offshore sells partial stake in Brazilian FPSO to Chinese player

SBM Offshore has offloaded a minority stake in a floating production, storage, and offloading (FPSO) vessel, which is working on Petrobras’ giant oil field in the Santos Basin off the coast of Brazil.

about 2 years ago
Brage platform; Source: OKEA
Business & Finance

Stamp of approval for North Sea operator to kick off drilling ops

Norwegian oil and gas company OKEA has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off the coast of Norway.

about 2 years ago