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Business & Finance

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Fossil EnergyOil & GasRigsBusiness Developments & ProjectsExploration & ProductionProject & TendersLow-Carbon TransitionAuthorities & GovernmentRegulation & PolicyTransitionOffshore WindSubseaSurveys & InterventionsCarbon Capture Usage & StorageCollaborationEnvironmentOutlook & StrategyRules & RegulationVisionMarine EnergyTidal & Wave EnergyTechnologyProduction & ProcessingSeismicLiquefied Natural GasInnovationResearch & DevelopmentCablingGridGreen Marine
Adriatic I jack-up rig; Source: Shelf Drilling
Business & Finance

Shelf Drilling’s jack-up pair finds more rig work in Nigeria

Shelf Drilling has secured more assignments for two rigs in its jack-up fleet, which will carry out drilling activities off the coast of Nigeria.

about 2 years ago
FPSO Kaombo Norte; Source: TotalEnergies
Business & Finance

Angola seeks ‘sustainable’ oil & gas exploration to keep its diversification engine running

Angola is determined to continue its hydrocarbon exploration and bring new oil and gas projects online while curbing its greenhouse gas (GHG) emissions footprint and enriching its energy arsenal with renewable energy sources to pave the way for a just energy transition.

about 2 years ago
Source: North Sea Transition Authority (NSTA)
Business & Finance

More sustainable and closely coordinated seabed management aim of new UK agreement

UK regulator North Sea Transition Authority (NSTA) and The Crown Estate, manager of the seabed and renewable energy rights within the economic zone in England, Wales and Northern Ireland, have signed a new Statement of Intent as part of joint aspirations to ensure a more sustainable and closely coor

about 2 years ago
Proteus Marine Renewables (PMR) has joined the American Tidal Energy Project to help unlock Alaska’s tidal power potential, with the project receiving $3 million in U.S. Department of Energy (U.S. DOE
Business & Finance

Proteus Marine Renewables taps into govt-backed Alaska’s tidal power project

UK-based tidal energy company Proteus Marine Renewables (PMR) has joined the American Tidal Energy Project to help unlock Alaska’s tidal power potential, with the project receiving $3 million in U.S. Department of Energy (U.S. DOE) funding to evaluate Ocean Renewable Energy’s (ORPC’s) Cook Inlet sit

about 2 years ago
ExxonMobil, Helleniq Energy begin second phase of seismic research for gas
Business & Finance

Greece: ExxonMobil, Helleniq Energy begin second phase of seismic research for gas

A consortium of ExxonMobil and Helleniq Energy has commenced the second phase of seismic research at a gas exploration block offshore the Greek island Crete, set to bring the partners toward the final decision for exploration drilling. State company Hellenic Hydrocarbons and Energy Resources Managem

about 2 years ago
A large vessel at sea
Business & Finance

Brazilian oil & gas player getting corporate overhaul

The board of directors of Brazilian oil and gas firm 3R Petroleum Óleo e Gás has approved the execution of the protocols and justifications for the merger of its wholly owned subsidiaries Enauta Participações and 3R Operações Offshore.

about 2 years ago
COSL Prospector rig; Source: Canarship
Business & Finance

Norwegian oil & gas player cleared to deploy COSL rig for Barents Sea drilling activities

Vår Energi has received the all-clear from Norway’s authorities to use one of COSL Drilling Europe’s semi-submersible rigs for drilling operations at three wells in the Barents Sea.

about 2 years ago
KCA Deutag
Business & Finance

$900 million lands on KCA Deutag’s backlog for cross-geography drilling ops

KCA Deutag has landed multiple new onshore and offshore drilling assignments and extensions, spanning different continents, which expands its total backlog by $900 million.

about 2 years ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Shell’s new solar-powered platform with 20-year design life on its way to offshore gas field (Gallery)

Shell is setting all the puzzle pieces together to kick off production from a natural gas development off the coast of Malaysia. The latest milestone in this project comes with the jacket and topside sail-away events for an offshore platform specifically built for the project and designed to run on

about 2 years ago
An aerial view of an LNG terminal
Business & Finance

Partners exploring viability of France’s CO2 transport and liquefaction network, eyeing 2030 completion date

Following June’s call for expressions of interest (CEI) to develop a network of CO2 transport infrastructure in France, French liquefied natural gas (LNG) operator Elengy has launched feasibility studies for the project in partnership with compatriot Société du Pipeline Sud-Européen (SPSE), a player

about 2 years ago
MHB has secured award for conversion works of a MPDU into a mobile WIF; Source: MHB
Business & Finance

Rig getting new lease on life as water injection unit for more sustainable oil recovery

MHB has landed a conversion deal to breathe new life into a mobile offshore drilling unit (MODU) by turning it into a water injection facility (WIF) designed to optimize reservoir pressure, enhance oil recovery rates, and reduce environmental impact.

about 2 years ago
Illustration/C-Power’s wave energy-powered devices (Courtesy of C-Power)
Business & Finance

US DOE pours $33M into marine and hydropower projects to boost innovation and commercialization

The U.S. Department of Energy’s (DOE) Water Power Technologies Office (WPTO) has allocated more than $33 million in funding to advance marine energy and hydropower projects. Out of the total funding, nearly $25 million is dedicated to 25 marine and hydropower research and development (R&D) projects

about 2 years ago
ABL Centre Manche
Business & Finance

ABL secures work on French offshore grid connections

Energy and marine consultancy company, ABL, has been appointed as marine warranty surveyor (MWS) to support the marine transportation and installation (T&I) operations for the Centre Manche 1 and Centre Manche 2 offshore substations in France. Centre Manche 1 and Centre Manche 2 are part of two offs

about 2 years ago
Gearbulk
Business & Finance

Marubeni to acquire 28% stake in Gearbulk

Japanese conglomerate Marubeni will buy a 28% stake in Switzerland-based shipping company Gearbulk from Kristian Jebsen and his family.

about 2 years ago
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