Business & Finance
UK regulator gives its blessing for farm-out deal related to North Sea oil project
Jersey Oil & Gas has received approval from the NSTA for its sale of a partial stake in an asset on the UK Continental Shelf to NEO Energy.
Avance Gas books two dual-fuel LPG/ammonia carriers at CIMC
Norwegian shipping company Avance Gas has ordered two mid-sized 40,000 cubic metres LPG/ammonia carriers with dual fuel engines at China International Marine Containers(Group) Ltd. (CIMC). The two companies entered into a newbuilding contract worth $123 million on 7 June. The agreement for the two n
Strohm’s TCP solutions go offshore Brazil
Dutch thermoplastic composite pipe (TCP) producer Strohm has secured a contract with Brazilian oil and gas company PRIO, formerly PetroRio, to provide its composite pipe solutions for a field offshore Brazil. Under the award, Strohm has already delivered two sets of TCP Jumpers for gas lift service,
North Sea oil & gas projects with $14.9 billion investment tag inch closer to green light
Aker BP is one step closer to getting the final stamp of approval for the development of its oil & gas projects in the North Sea off Norway.
Inquiry into fire incident at Norwegian offshore gas platform draws to a close
Norwegian offshore safety regulator has finished investigating a fire incident on a platform in the Norwegian Sea.
Aker BP extends another collaboration for subsea services
Subsea 7 has secured an extension of the existing frame agreement with Aker BP under which it will continue providing subsea services for the company’s developments on the Norwegian continental shelf (NCS). Under the agreement, Subsea 7 will provide engineering, fabrication and installation activiti
Kongsberg’s suite of new vessel designs brings methanol, ammonia, and hybrid-battery power into play
Kongsberg Maritime has unveiled new vessel designs, featuring next-generation anchor handler (AHT) and platform supply vessels (PSV).
PXGEO places order for over 20 Saab underwater vehicles
Dubai-headquartered marine geophysical company PXGEO has placed an order with Saab for the delivery of over 20 autonomous underwater vehicles (AUVs) for a value of approximately €53.3 million. The order includes more than 20 Sabertooth vehicles making it Saab’s largest Sabertooth order to date, the
Go-ahead for two oil & gas firms to drill in North Sea with Odfjell rigs
Aker BP and Neptune Energy have received consent from Norway’s offshore safety regulator for exploration drilling in the Norwegian North Sea.
Heerema’s giant vessel removes North Sea platform
DNO has wrapped up the last major offshore operation under its multi-year decommissioning programme in the North Sea.
Eco Wave Power cuts first quarter losses
Eco Wave Power has released its financial report for the first quarter of 2023, showing a decrease in net loss when compared to the same period a year earlier.
Dutch province grants €1.2 million for osmotic power pilot scale-up
Dutch province of Friesland has made available €1.2 million for scaling up the Blue Energy project, which generates clean electricity through the osmosis process.
Natural gas hailed as backbone of energy mix with security of supply and decarbonisation vying for attention
Natural gas is still forecasted to play a crucial role and act as a trump card while the world embraces the race to net-zero.
May brings upsurge in international offshore rig count activity
Baker Hughes’ international rig count report indicates that the number of offshore rigs was on an upward trajectory in May 2023.