Business & Finance
Trendsetter orders well intervention valves from Scotland
Scotland-headquartered subsea intervention technology company Interventek has secured a contract with the U.S. Trendsetter Engineering for the delivery of well intervention valves for a Gulf of Mexico project. As part of the deal, Interventek will deliver a complete set of fully qualified 20,000psi
Scots start exploring green hydrogen production using tidal energy
Scottish company Nova Innovation is heading up a consortium to look at the potential of producing green hydrogen and oxygen from its tidal energy projects in Shetland.
TIGER project puts tidal energy in UK and France back on track
The Tidal Stream Industry Energiser Project (TIGER) has demonstrated the significant value tidal stream energy can bring to the future energy mix, economies and supply chains in both the UK and France.
Another carbon storage acquisition gig for PGS
Following the completion of four carbon storage acquisition jobs last year, Norwegian seismic company PGS has secured another seismic acquisition contract for carbon storage. PGS did not reveal many details about the contract but did state that it was signed with an “independent energy company” and
Norway opens doors to more exploration in predefined areas with new oil & gas licencing round
Norway has launched APA 2023 round for further exploration activity, encompassing the predefined areas on the Norwegian continental shelf.
Prominent maritime ports, academia & innovation hubs unite to accelerate hydrogen innovation
Prominent maritime ports, universities, and innovation hubs from Australia, Brazil, Chile, Portugal, the United Kingdom, and the Netherlands have joined forces in a groundbreaking initiative aimed at expediting innovation for green hydrogen. Spearheaded by the Port of Rotterdam, Newcastle, O Complex
Capital Product Partners CEO pinpoints LNG segment as ‘particularly interesting’ for growth
Greece-based shipping company Capital Product Partners L.P., which is engaged in the seaborne transportation of natural gas, containerized goods and dry cargo, has set sights on exploring further growth in the LNG space. Speaking in a recent webcast on the company’s strategy moving forward Jerry Kal
Swedish group buys into UK subsea solutions supplier
Swedish technical solutions group Addtech has entered into an agreement to acquire 90 per cent of the shares outstanding in UK subsea solutions supplier Feritech Global. Feritech is headquartered in Cornwall, UK, and provides the design and manufacture of bespoke technical solutions for the geotechn
New task for Transocean regarding rig working off Norway
Norwegian offshore safety regulator has carried out an audit of stability and marine systems on one of Transocean’s semi-submersible rigs.
UK ‘treasure map’ to show North Sea’s carbon capture and storage potential
The UK Government is planning to create a “treasure map” which will show how much carbon capture and storage (CCS) could be possible under the North Sea seabed. The plan envisages that companies that already have a license to store carbon will have to report what they find to the North Sea Transitio
QED Naval eyes UK government’s AR5 prize
QED Naval, a Scotland-based tidal energy company, has applied to the UK government’s fifth contracts for difference (CfD) allocation round to develop its tidal energy project at Morlais site in Wales.
TEAMER boosts 10 marine energy developers with $1.2M in research support
The US Testing Expertise and Access to Marine Energy Research (TEAMER) program has approved ten projects through its ninth request for technical support (RFTS), reflecting a total of more than $1.2 million.
Good omen for getting rid of methane menace, as EU signals readiness to scale up reduction efforts
European Parliament’s landslide plenary vote shows the EU is ready to step up efforts to curb the methane footprint from the energy sector.
New jobs for Diamond Offshore’s rig fleet in U.S. and UK as drilling market shows signs of ‘broad-based upcycle’
Diamond Offshore has secured new contracts and extensions with higher day rates for several rigs in the U.S. Gulf of Mexico and the UK North Sea.