Business & Finance
Selkie project reaches finish line after four years of operation
The Selkie project, a €5.2 million EU-backed cross-border project focused on boosting the marine energy industry in Wales and Ireland, has been concluded following four years of operation. Selkie is a consortium of University College Cork (UCC) and Swansea University (SU) and GDG, DP Energy Ireland,
Eidesvik’s seismic trio finds new owners
Norwegian offshore vessel owner Eidesvik Offshore has entered into agreements with two separate parties for the sale of its three seismic vessels. In a statement issued on 1 June, Eidesvik reported that it was selling the seismic vessels Veritas Viking, Vantage and Viking Vision to two separate buye
Aker Horizons nets $12 million in funding for Rjukan green hydrogen project
Green energy developer Aker Horizons ASA has announced that Aker Horizons Asset Development, its wholly-owned asset development arm dedicated to hydrogen projects, has been awarded up to NOK 135 million ($12.2 million) in grants and loans from Innovation Norway for the green hydrogen production faci
Equinor comes up empty in North Sea well
Equinor has completed the drilling of an exploration well near the Troll field in the Norwegian North Sea but failed to find hydrocarbons.
Odfjell Drilling confirms another drilling job for semi-sub rig
Offshore drilling contractor Odfjell Drilling has confirmed a new contract for a rig it manages on behalf of CIMC Offshore.
Thumbs-up for Norwegian oil & gas giant to deploy Transocean rig on North Sea drilling gig
Equinor has received consent from Norway’s regulator to use Transocean’s semi-submersible rig for drilling at a block in the North Sea.
PGS going to Norwegian and Malaysian waters
Norwegian seismic company PGS has secured industry pre-funding for another “large” multi-season MultiClient survey in the Norwegian Sea. The first phase of the survey will be acquired this year by the seismic vessel Ramform Hyperion. Acquisition is expected to start in late June and have a duration
Jan De Nul to install new UK interconnector
Jan De Nul has secured a contract with Scottish and Southern Electricity Networks (SSEN) Distribution to deliver a new interconnector project in Scotland. Under the contract signed in November 2022, Jan De Nul will supply and install a new Pentland Firth interconnector this summer that will link mai
ConocoPhillips hires Odfjell Drilling-managed rig for more work off Norway
ConocoPhillips has picked one of the Odfjell Drilling-managed rigs for drilling activities on the Norwegian Continental Shelf (NCS).
Plug Power plans three green hydrogen production plants in Finland
Plug Power Inc., a provider of turnkey hydrogen solutions for the global green hydrogen economy, has revealed plans to develop three green hydrogen production plants in Finland, resulting in the production of 850 tonnes per day (TPD) of green hydrogen, or 2.2 gigawatts (GW) of electrolyser capacity,
Estonian company to deliver subsea structures for North Sea oil & gas development
Norwegian oilfield services provider Aker Solutions has appointed an Estonia-based company to deliver subsea templates for an oil and gas field development in the North Sea. Marketex Offshore Constructions (MOC), a subsidiary of BLRT Grupp, has signed a contract with Aker Solutions under which it is
Spending on solar on the brink of surpassing oil investments for the first time ever, says IEA
The clean energy investment is now extending its lead over fossil fuels, boosted by energy security strengths, highlights the IEA.
UK-made subsea robots ‘significantly outperform’ expectations, step closer to commercialization
UK-Based Blue Ocean Seismic Services has completed a set of trials of its autonomous subsea survey vehicles said to represent a big step towards commercialization. With this latest series of trials, Blue Ocean Seismic Services said it had confirmed that its autonomous undersea robots can reliably op
DNV gives the nod for Saipem’s subsea pipeline digital monitoring tech
Italian oilfield services provider Saipem has secured DNV qualification for its technology for digital monitoring of subsea pipelines during laying operations. The technology, called Integrated Acoustic Unit (I.A.U.), has obtained the statement of qualified technology for medium and large pipelines