Business & Finance
Investigation looking into whether oil & gas firm failed to meet North Sea license obligations
UK regulator North Sea Transition Authority (NSTA) has launched an investigation into whether an oil and gas company possibly failed to meet license obligations, including seismic survey and work program commitments, designed to stimulate activity. The investigation will look into whether the compan
Norway’s oil & gas output takes a downturn
Norway recorded a slight rise in oil production in February 2023 compared to last month, but oil & gas figures are still below the ones recorded in 2022.
Serica one step away from closing Tailwind acquisition
Serica Energy has completed all the steps required to close the acquisition of Tailwind, aside from one, which also needs to be checked off the list.
Lhyfe acquires 49% stake in Finnish Flexens
French hydrogen producer Lhyfe has acquired a 49% stake in the Finnish company Flexens, a developer of renewable and green hydrogen and Power-to-X projects. Lhyfe said the move will accelerate the commercial deployment and Finland-based projects of both entities. According to Lhyfe, the companies fi
Prosafe participates in three tenders to get more assignments for its vessels
Offshore accommodation provider Prosafe is taking part in three ongoing tenders to win more work for its fleet of vessels.
While one gets dropped, nine oil & gas projects still going ahead
Aker BP has decided to move ahead with nine out of ten oil and gas projects for which PDOs were previously handed over.
Maersk offloads Maersk Supply Service, completes divestment of energy-related businesses
A.P. Moller – Maersk (Maersk) has reached an agreement with A.P. Moller Holding, the parent company of the A.P. Moller Group, to divest Maersk Supply Service (MSS), specializing in the provision of global offshore marine services and project solutions for the energy sector. The move is part of Maers
Belgian offshore surveying company opens first US office
Belgium-based provider of offshore survey services GEOxyz has opened its first office in the United States. The new office is located in New Brunswick, New Jersey, and will serve as GEOxyz’s U.S. headquarters. It will be led by Vice President U.S., Douglas Forbes, and Director U.S., Leeron Tagger. A
‘Major milestone’ in installation of Shetland HVDC Link
NKT has completed the cable pull-in of the 320 kV HVDC power cable for SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) link in the North Sea. The pull-in operations were completed by the crew on board the cable-laying vessel NKT Victoria. Once secured in the transition joint bay, the
HydrogenPro steps into US market with establishment of manufacturing facility
Norwegian HydrogenPro, a technology company and an OEM for high-pressure alkaline electrolysers, has announced it will take its first major step into the US market with the establishment of a 500 MW manufacturing facility in Texas, US, with an estimated total investment cost of $30-50 million. Accor
Subsea7 begins pipe spooling for Northern Lights CCS project
A Subsea7 pipelay vessel has begun pipe spooling for the Northern Lights carbon capture and storage (CCS) project being developed in Norway. The vessel Seven Oceans arrived at Subsea7’s Vigra Spoolbase in Norway to spool the first section of the 100-kilometer pipeline that will run from Øygarden to
Equinor sets its cap on bringing OKEA as new partner in North Sea field
Equinor and OKEA have entered into an agreement, which will enable the latter to acquire 28 per cent interest in the Statfjord area.
Irish TSO seeking services for interconnector projects
Irish transmission system operator (TSO) EirGrid has launched a tender comprising five lots that seeks offshore marine support services for interconnector projects. EirGrid is looking for a strategic partner to provide a range of specialized offshore services, resources and consultancy advice, studi
Nexans nears end of activities at Greek interconnector
Nexans has completed the last pull-in of the subsea interconnector cable between the island of Crete and the Greek mainland. Nexans is in charge of the design, manufacture and installation of the 335-kilometer subsea HVDC cable system for Ariadne Interconnection, owned by Greece’s state grid operato