Business & Finance
Aker Solutions ramps up green steel game with First Movers Coalition pledge
Norwegian oilfield services provider Aker Solutions has joined the First Movers Coalition (FMC), thereby committing to buying at least 10 per cent of its steel from low-emissions sources by 2030. By joining the decarbonizing coalition, Aker Solutions has committed to a frame agreement for steel purc
Transocean rigs find more work in Australia and Norway
Offshore drilling contractor Transocean has secured a new contract and an extension for two semi-submersible rigs in Australia and Norway.
Mocean Energy picks preferred fabricator for wave energy devices
Scottish company Mocean Energy has selected TEXO Engineering & Fabrication (TEXO E&F) as its preferred fabrication, assembly and load-out contractor for the Blue Star and Blue Horizon wave energy converters.
UK player mulls over more drilling ops in Dutch North Sea
Kistos is considering embarking on further drilling activities to boost output from its assets in the Dutch sector of the North Sea.
Transocean rig spins the drill bit at TotalEnergies’ UK prospect
TotalEnergies has started drilling a prospect off the coast of the United Kingdom (UK), using one of Transocean’s semi-submersible rigs.
Norway’s shipping investment company buys first stake in dive support vessel
Norwegian shipping investment company ADS Maritime Holding has acquired a 10 per cent stake in a 2017-built dive support vessel (DSV) developed for light subsea construction work and advanced dive support work. With the acquisition, ADS Maritime will act as commercial manager for the DSV Southern St
Survitec gets nitrogen systems order for LNG-fuelled cruise ship
Maritime Protection, a brand of global survival technology solutions provider Survitec, has secured an order for a set of nitrogen systems for installation on an LNG-powered cruise ship. According to Survitec, the scope of supply is for two nitrogen generators, feed-air compressors, valves, and cont
Island Drilling rig on its way to Norway to get ready for its next gig in UK
Island Drilling has revealed that its semi-submersible rig is in transit to Norway to prepare for its next contract with Dana Petroleum in the UK.
Transocean lands strategic collaboration deal with Equinor and secures more work for two rigs
Equinor has inked a strategic collaboration agreement with Transocean and added more work to the backlog of two semi-submersible rigs.
Construction support vessel adds Prysmian and Saipem to its to-do list
CSS Subsea has entered into a charter agreement with GO Offshore for a construction support vessel (CSV) used for supporting inspection, maintenance and repair works at oil & gas and renewables projects. CSS Subsea will take delivery of the CSV GO Supporter in early April and the vessel’s first proj
Norsepower nets €28M in funding to boost production of rotor sails
Finnish cleantech company Norsepower Oy has secured €28 million in its latest funding round to scale up production and expand the reach of its fuel-saving and emissions-reducing technology, rotor sails.
New MoU signed for Greece-Africa interconnector
Greece-based Asso.subsea has signed a Memorandum of Understanding (MoU) with Eunice Energy Group for cooperation on the 2 GW electrical interconnection between Greece and Egypt. The project is being developed by the transnational GAP Consortium, founded by Eunice Energy Group, and is aiming to contr
With energy transition off-track, IRENA calls for diverting $1 trillion of annual fossil fuel investment by 2030 to accelerate it
The International Renewable Energy Agency (IRENA) has outlined the investment needs of $35 trillion by 2030 as the price for the green shift.
Power cables now in place for electrification of Utsira High
NKT has completed the power cable systems connecting six offshore oil and gas platforms located at Utsira High to the onshore power supply. This is said to play a central role in reducing carbon emissions from the Norwegian continental shelf (NCS) with 1.2 million tonnes annually. NKT has provided t