Business & Finance
BW Offshore wraps up sale of FPSO
Norway’s FPSO operator BW Offshore has completed the sale of a floating, production, storage, and offloading (FPSO) vessel to a buyer, whose name was not revealed.
With exploration farm-outs of higher risk wells being more common, Westwood urges buyers to beware
Westwood has advised buyers to be mindful of exploration farm-outs, after analysing the results of 419 high-impact exploration wells drilled outside the U.S. and Canada between 2017 and the end of October 2022.
Subsea 7 buys more into Seaway 7, issues voluntary offer to acquire remaining shares
Subsea 7 has completed the acquisition of additional shares in Seaway 7, bringing its total ownership of the issued and outstanding share capital in the company to 93.94 per cent. On 14 March, Subsea 7 announced it had completed the acquisition of 187,889,551 shares in Seaway 7, corresponding to 21.
Former BP exec joins Oil Spill Response Limited as CEO
Oil Spill Response Limited (OSRL) has welcomed a new CEO, who previously worked in various executive positions at BP.
UK oil & gas player promotes from within to fill CEO role
UK-headquartered and AIM-listed oil and gas player Europa Oil & Gas picked a new Chief Executive Officer (CEO), after its current one decided to resign.
Aker Solutions places major order with Spanish provider of umbilical tubes
Norwegian oilfield services provider Aker Solutions has selected Spain-headquartered Tubacex as the delivery partner for umbilical tubes for projects on the Norwegian Continental Shelf (NCS). Under the agreement, Tubacex will deliver a total of 1,000 kilometers of umbilical offshore tubes to Aker So
Another vessel leaves Solstad’s fleet for new owner
Solstad Offshore has sold an anchor handling tug supply (AHTS) vessel to a buyer, whose identity has not been revealed.
Nel nets electrolyser equipment order from HH2E
Nel Hydrogen Electrolyser, a subsidiary of Norway’s Nel ASA, and German HH2E have signed a contract for 120 MW of alkaline electrolyser equipment, with a value of approximately €34 million. The contract follows a Front End Engineering and Design (FEED) study and a Letter of Intent (LoI) from the two
With ‘abundance of gas pay’ uncovered, two more Black Sea wells coming online in March
Canada’s oil and gas player Trillion Energy has drilled another well in its 2022 – 2023 drilling campaign on a natural gas field in the Black Sea off Türkiye.
How is European and U.S. oil majors’ energy transition journey shaping up?
While the transition to low-carbon energy is making strides, the oil majors in Europe and the U.S. have made progress at a different pace.
Acteon launches cloud-based platform for subsea assets and data
UTEC, a Geo-services brand that is part of Acteon, has launched a cloud-based platform that gives the offshore energy industry a 360° visualization of subsea assets and data. Through iSite Subsea, users can source, view, manage and report on seabed, survey and asset data, as well as interrogate and
Wavepiston teams up with French firm to develop wave energy project in Martinique
Danish wave energy company Wavepiston has signed an agreement with French firm YS Energies Marines Developpement (YS EMD) to develop a wave energy project in Martinique. The two companies have formed a partnership to co-develop the project that aims to provide clean energy for the local communities.
New Enagás agreement to boost decarbonisation of Valencia region in Spain
Ximo Puig, the President of the Generalitat Valenciana (different self-government institutions under which the Spanish autonomous community of Valencia is politically organised), and Arturo Gonzalo, CEO of Spanish energy company Enagás, have signed a general protocol of action to promote the develop
Offshore oil & gas set for growth with $214 bln of investments in the pipeline
With more than $200 billion of greenfield investments expected by 2025, the offshore oil and gas sector is expected to get back in the spotlight, says Rystad Energy.