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Business & Finance

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WindEurope's Giles Dickson: Money, mindset and mobility main showstoppers for jobs in wind energy
Business & Finance

WindEurope’s Giles Dickson: Three Ms main showstoppers for jobs in wind energy

The wind energy industry employs 370,000 people in Europe, however, if countries act on their goals, 600,000 jobs will be needed by 2030 and finding and skilling is one of the biggest challenges that the continent is facing, according to Giles Dickson, CEO of WindEurope. At a session held at the ONS

about 2 years ago
Texas-headquartered energy giant ConocoPhillips has handed out a global contract to Aberdeen-based technology company, Raptor Data, to manufacture and use/utilize/employ a fleet of tools, which will i
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Business & Finance

ConocoPhillips hands out plug and abandonment work to Aberdeen-based firm

Texas-headquartered energy giant ConocoPhillips has handed out a global contract to Aberdeen-based technology company, Raptor Data, to manufacture and utilize a fleet of tools, which will initially be deployed in Norway. Pathfinder, described as the first plug-and-play in-well verification system, i

about 2 years ago
FPSO Johan Castberg en route to the Barents Sea passing by the Langenuen strait South of Bergen, Norway; Credit: Øyvind Gravås & Eirin Lillebø/Equinor
Business & Finance

As oil & gas still runs Norway’s energy show, Equinor unveils up to $66 billion boost for hydrocarbons by 2035 alongside Barents Sea’s new area-wide emergency preparedness plan

Equinor has set its cap on bolstering its hydrocarbon arsenal by injecting tens of billions of dollars over the next decade into the oil and gas developments on the Norwegian Continental Shelf (NCS).

about 2 years ago
SW Amazon Conqueror; Source: Shearwater Geoservices
Business & Finance

Shearwater’s new decarbonization move enables ‘first of its kind’ tune-up of vessel’s engine technology

Shearwater GeoServices has signed up for further carbon footprint cuts thanks to an upgrade of main engines at one of its seismographic research ships, which is envisioned to result in more sustainable and efficient operations.

about 2 years ago
Two men sitting behind a desk exchanging documents
Business & Finance

Duo going on low-carbon mission to enhance Southeast Asia’s energy resilience

The Asia Natural Gas and Energy Association (ANGEA) and the ASEAN Centre for Energy (ACE) have inked a memorandum of understanding (MOU) to expedite energy transition and strengthen the security of power supply in Southeast Asia.

about 2 years ago
TSP fields; Source: Repsol
Business & Finance

Hydrocarbons flow into newly installed 37-kilometer pipeline off Trinidad’s southeast coast

Perenco has started introducing hydrocarbons into its new underwater pipeline, which was recently installed to start a new chapter at its fields off the southeast coast of Trinidad and Tobago, as part of efforts to revamp the facilities on these fields.

about 2 years ago
Illustration; Source: The Danish Energy Agency
Business & Finance

Green light for Wintershall Dea to pass on its oil & gas and CO2 assets in Denmark to Harbor Energy

The Danish Energy Agency (DEA), responsible for tasks linked to energy production, supply, and consumption, alongside Denmark’s efforts to cut its carbon footprint, has given its blessing for four permits to change hands, leaving the portfolio of Germany’s Wintershall Dea to become part of hydrocarb

about 2 years ago
Ocean Energy Support Vessel (OESV) design; Credit: Salt Ship Design
Business & Finance

Spanish shipyard tasked with bringing ocean energy support vessel to life

Norway’s Østensjø Rederi has entrusted the construction of its new ocean energy support vessel (OESV) to Astilleros Gondon, a Spanish shipyard.

about 2 years ago
HD KSOE ventures into hydrogen fuel cell market with $80M acquisition
Business & Finance

HD KSOE ventures into hydrogen fuel cell market with $80M acquisition

South Korean shipbuilding major HD Korea Shipbuilding & Offshore Engineering (HD KSOE) is set to spearhead the global hydrogen fuel cell market through an investment of $80 million to acquire Convion, a company specializing in fuel cell systems. HD KSOE said it had recently, through its subsidiary H

about 2 years ago
Normand Vision is said to be the type of vessel that will be used during the project; Source: Ocean Installer
Business & Finance

North Sea subsea tie-back job enables Ocean Installer to handle ‘key component’ for FPSO’s life extension

Ocean Installer, part of the Moreld Group, has been hired to handle a subsea tie-back project to an existing floating production, storage, and offloading (FPSO) vessel operating in the North Sea, as part of a new frame agreement for offshore construction.

about 2 years ago
Wood's background image representing a beautiful orange offshore sunset
Business & Finance

Wood advances CCS projects on Norwegian Continental Shelf

Scotland-headquartered engineering and consulting business John Wood Group (Wood) is advancing three carbon capture and storage (CCS) projects on the Norwegian Continental Shelf (NCS), which combined can store up to 21 million tonnes of CO2 annually, the equivalent of nearly half of Norway’s total C

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

‘Challenging’ period for LNG fleet ahead unless freight efficiency increases, Norwegian firm’s analysis shows

Awilco LNG, a Norwegian-based fully integrated pure-play liquefied natural gas (LNG) transportation provider, has highlighted in its analysis of the LNG market trends in the first half of 2024 and predictions for the upcoming period that the market activity is picking up the pace even though the cha

about 2 years ago
NAGA 2 jack-up rig; Source: Velesto
Business & Finance

Southeast Asia calling jack-up duo: One Velesto rig ready to make a beeline for Sarawak, as other lands drilling work in Vietnam

While Velesto, which is set on actively pursuing new assignments in Southeast Asia for its jack-up fleet, is due to send one of its rigs to Sarawak soon for a previously secured drilling campaign, another of its jack-ups has got a hold of a job off the coast of Vietnam.

about 2 years ago
With the assistance of the Norwegian seismic company TGS, the Government of Liberia, through the Liberia Petroleum Regulatory Authority (LPRA), has initiated a direct negotiation licensing round featu
Business & Finance

Supported by TGS, Liberia opens licensing round for 29 offshore blocks

With the assistance of the Norwegian seismic company TGS, the Government of Liberia, through the Liberia Petroleum Regulatory Authority (LPRA), has initiated a direct negotiation licensing round featuring 29 offshore blocks in the Liberia and Harper Basins. TGS supports this effort by providing a p

about 2 years ago