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Business & Finance

Tyra II; Source: TotalEnergies
Business & Finance

Tyra II makes another step towards the finish line with first gas still on track for winter

The power-up of two gas turbines at TotalEnergies’ redevelopment project in the Danish North Sea has been completed.

about 3 years ago
PSV Normand Arctic; Credit: Langsten Harald M Valderhaug/Solstad Offshore
Business & Finance

No more PSVs in Solstad’s fleet as Tidewater takes over 37 vessels to establish ‘largest hybrid OSV fleet’

Tidewater has boosted its fleet of platform supply vessels (PSVs) by wrapping up the acquisition of the PSV fleet owned by Solstad Offshore.

about 3 years ago
Denmark plans future backup capacity to come from hydrogen and storage
Business & Finance

Denmark plans backup capacity to come from hydrogen and storage

Once Denmark achieves its 2030 target of being 100 per cent powered by renewables, the plan is to have backup capacity from hydrogen and energy storage, according to Hanne Storm Edlefsen, Vice President of Energy Islands at Energinet.

about 3 years ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Six more wells added to Transocean rig’s backlog

Transocean has secured a new contract extension for a semi-submersible rig working on the Norwegian Continental Shelf (NCS).

about 3 years ago
FSO Safer; Source: Boskalis
Business & Finance

With salvage ops underway, Dutch govt urged to step in for ‘safe and environmentally sound’ FSO recycling

Salvage operations to transfer the oil from a rapidly decaying FSO, moored off Yemen, to a safe vessel are expected to start soon.

about 3 years ago

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Japanese trading company buys UK provider of pipeline integrity solutions
Business & Finance

In push towards energy transition, Mitsui & Co. buys UK provider of pipeline integrity solutions

Japanese trading company Mitsui & Co. has completed the acquisition of 100 per cent of shares of STATS (UK), a provider of pipeline integrity solutions, as part of its path towards a global energy transition. STATS (UK) announced on 5 July that it had executed a share purchase agreement to sell 100

about 3 years ago
Deepsea Yantai rig; Source: Odfjell Drilling
Business & Finance

New task for DNO regarding work with Odfjell Drilling-managed rig

Norwegian regulator has carried out an audit of DNO’s planning of drilling operations using an Odfjell Drilling-managed rig.

about 3 years ago
HPA sets up new division to focus on sustainable energy hub
Business & Finance

HPA sets up new division to focus on sustainable energy hub

The Hamburg Port Authority (HPA) has established a new corporate division “Port Energy Solutions” that will take on responsibilities and projects related to Sustainable Energy Hub. The division will be led by Jannes L. Elfgen and Hanno Bromeis, focusing on topics related to the expansion of renewabl

about 3 years ago
Njord field in the Norwegian Sea; Credit: Even Kleppa/Lizette Bertelsen – Equinor
Business & Finance

Norway racks up high gas production while pursuing decarbonisation with CCS and offshore wind

Norway’s role as natural gas exporter becomes more entrenched, with the country keeping up high gas production.

about 3 years ago
Prysmian makes move to assure capability for delivery of UK HVDC link
Business & Finance

Prysmian makes move to assure capability for delivery of UK HVDC link

Italian cabling giant Prysmian has committed to providing €180 million to ensure ongoing capacity availability for the planned construction of a new high voltage direct current (HVDC) cable link in the UK. After being selected as the exclusive preferred bidder in May, the commitment includes the pay

about 3 years ago

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Previously disclosed Greater Buchan Area concept; Source: Jersey Oil & Gas
Business & Finance

North Sea oil project’s development solution envisages FPSO redeployment with floating wind electrification on the cards

Jersey and NEO Energy have chosen a solution for the development of their oil project on the UK Continental Shelf (UKCS).

about 3 years ago
Hi-tech USV begins sea trials before leaving for America
Business & Finance

Hi-tech USV begins sea trials before leaving for America

SEA-KIT International’s latest uncrewed surface vessel (USV) has commenced sea trials in the UK ahead of delivery to the U.S. autonomous maritime solutions provider ThayerMahan. This latest USV, X107T – the seventh X-class to leave SEA-KIT’s production facility in the East of England, includes a new

about 3 years ago
Schematic diagram of possible CCS systems showing the sources for which CCS might be relevant, transport of CO2 and storage options; Courtesy of CO2CRC
Business & Finance

US spurs zest far beyond its borders for CCUS as ‘critical’ decarbonisation tool

Carbon capture, utilisation, and storage (CCUS) has become a valuable decarbonisation tool, making further inroads thanks to the IRA.

about 3 years ago
Scarabeo 8 rig; Source: Vår Energi
Business & Finance

Two North Sea wells on Aker BP’s drilling agenda

Aker BP has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway.

about 3 years ago