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Business & Finance

Transocean Encourage rig; Source: Transocean
Business & Finance

Equinor ready to deploy Transocean rig for work in Norwegian Sea

Equinor has received consent from Norway’s offshore safety regulator to use one of Transocean’s semi-submersible rigs on a field located in the Norwegian Sea.

about 3 years ago
TotalEnergies starts binding open season for Le Havre FSRU capacity
Business & Finance

TotalEnergies starts binding open season for Le Havre FSRU capacity

TotalEnergies LNG Services France (TELSF), an affiliate of French energy major TotalEnergies, has launched a binding open season to market long-term capacity in its floating storage and regasification unit (FSRU) in Le Havre, France. As announced, the registration period for the open season starts o

about 3 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Equinor gets the all-clear for North Sea drilling ops

Equinor has received consent from Norway’s offshore safety regulator for exploration drilling in the North Sea off Norway, using one of Odfjell Drilling’s rigs.

about 3 years ago
Island Constructor vessel; Source: Island Offshore
Business & Finance

Shell all-set to use well intervention vessel at two North Sea fields

Shell has received consent from the Norwegian regulator to use one of Island Offshore’s mobile offshore units (MOU) on two fields off Norway.

about 3 years ago
Illustration; Source: International Energy Agency (IEA)
Business & Finance

With over 140 carbon capture, utilisation, and storage hubs in development, 2022 pushes CCUS to new heights

IEA: More than 140 new CCUS projects were announced, ramping up planned storage capacity by 80 per cent, and capture capacity by 30 per cent.

about 3 years ago

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Equinor picks Aker Solutions for Norwegian Sea tie-back job
Business & Finance

Aker Solutions wins contract for Norwegian Sea tie-back job

Norway’s energy giant Equinor has awarded compatriot oilfield services provider Aker Solutions with a contract to tie back two gas fields in the Norwegian Sea to the Åsgard B platform. The contract comprises engineering, procurement, construction, installation and commissioning (EPCIC) and implies t

about 3 years ago
Denmark and Germany ally on hydrogen and energy systems integration
Business & Finance

Denmark and Germany ally on hydrogen and energy systems integration

Denmark and Germany have signed a cooperation agreement on green hydrogen and the integration of the two countries’ energy systems. According to Denmark’s Ministry of Climate, Energy, and Supply, the declaration is to facilitate an ongoing dialogue between Denmark and Germany and relevant actors abo

about 3 years ago
Yggdrasil; Source: Aker BP
Business & Finance

ABL Group to act as marine warranty surveyor for multiple oil & gas developments off Norway

ABL Group has been appointed as a marine warranty surveyor for the transportation and installation operations on several Aker BP-operated offshore field developments located on the Norwegian Continental Shelf (NCS).

about 3 years ago
Rovco makes reorganization moves as part of growth strategy
Business & Finance

Rovco makes reorganization moves as part of growth strategy

UK provider of subsea robotics and integrated survey solutions Rovco has set up two business units focused on delivering on a specific area of expertise as part of its plans for greater global and sectoral growth. The company, founded in 2016, will now operate through two separate business units, ea

about 3 years ago
In focus: Offshore hydrogen steals the show once again
Business & Finance

In focus: Offshore hydrogen steals the show once again

In a world troubled by climate change and energy crisis, it has become clear that hydrogen will play a significant role in creating a low-carbon energy mix. Multiple studies have explored its advantages in decarbonising hard-to-abate sectors and boosting the security of supplies as new pilot and lar

about 3 years ago

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West Hercules rig; Source: SFL Corporation
Business & Finance

Westwood: UK’s windfall tax puts oil & gas investments at risk, with domino effect on North Sea rig demand

Westwood says that the UK’s tax changes could amplify the exodus of rigs from the North Sea, which is already in full swing.

about 3 years ago
Inseanergy’s floating solar unit (Courtesy of Inseanergy/Photo by Kristin Stoylen)
Business & Finance

Inseanergy gears up for fundraising campaign

Inseanergy, a Norwegian company developing floating solar solutions for aquaculture industry, has announced the upcoming fundraising campaign to prepare for further growth and internationalization.

about 3 years ago
Sweden: Nord Stream incident caused by 'gross sabotage'
Business & Finance

Following last year’s explosions, Danes find undefined object near Nord Stream pipeline

Following explosions in late September 2022 that caused damage to the Nord Stream pipelines, the Danish Energy Agency has found an undefined object near one of the two gas pipelines. A cylindrical object that is about 40 cm tall and 10 cm in diameter has been found near the Nord Stream 2 pipeline, t

about 3 years ago
Transocean Spitsbergen; Photo: Jamie Baikie, SIGNAL2NOISE/Equinor
Business & Finance

No hydrocarbons for Equinor in North Sea well

Norway’s energy giant Equinor has completed the drilling of a wildcat well in the North Sea off Norway but failed to find hydrocarbons.

about 3 years ago