Business & Finance

Equinor ready to spud Norwegian Sea prospect this month
Equinor has secured a drilling permit from Norway’s authorities for an exploration well in the Norwegian Sea, which will be drilled using one of Odfjell Drilling’s rigs.

Fresh oil & gas discovery in North Sea brings another Troll tie-back to the table
Equinor has made a new oil and gas discovery near the Fram field in the North Sea off Norway, using an Odfjell Drilling-owned rig. This is Equinor’s eighth discovery in the area since 2019.

Two vessels score long-term bareboat charters
Norwegian shipowner Ocean Yield has secured new bareboat charters with purchase obligations for two anchor handling tug supply (AHTS) vessels.

Aker BP brings North Sea field on stream
Aker BP has kicked off production from a field in the North Sea off Norway, after fast-tracking the development to achieve the first oil.

Unigel and thyssenkrupp to increase capacity of Brazil hydrogen plant
Chemical company Unigel and thyssenkrupp nucera, provider of technologies and comprehensive solutions for high-efficiency industrial scale electrolysers, have signed a Memorandum of Understanding (MoU) to increase the capacity of the green hydrogen plant that Unigel is developing in Bahia, Brazil, f

GAZ-SYSTEM sizing up interest in additional regasification capacity at Gdansk FSRU
Poland’s natural gas transmission system operator GAZ-SYSTEM has launched a non-binding market screening procedure to identify the demand for additional regasification capacity of the floating storage and regasification unit (FSRU) in the Gulf of Gdańsk area. Pursuant to the assumptions set out in t

Wavepiston secures 130% of initial crowdfunding target
Danish wave energy company Wavepiston has reached 130% of its initial crowdfunding target, as the campaign remains open for two more days.

Reach Subsea to deliver its services to Equinor under multiyear deal
Norwegian state-owned energy giant Equinor has awarded Reach Subsea with a multiyear frame agreement for work on the Norwegian continental shelf (NCS) and internationally. The three-year frame agreement covers all core activities for Reach Subsea, including installation support, seabed intervention,

Shell hires Kongsberg to digitalise its global assets
Kongsberg Digital has been hired by Shell Global Solutions International to handle the digitalisation of the oil major’s global assets with digital twin technology.

Havila bags long-term extension deals for two PSVs
Norwegian offshore vessel operator Havila Shipping has secured contract extensions for two of its platform supply vessels (PSVs).

Norwegian fishing vessel hired for survey services
Norway’s Ross Offshore has entered into an agreement with compatriot Teige Gruppen for the charter of the fishing vessel Sunny Lady for survey services. The agreement will initially consist of a charter for this summer where the vessel will be used to carry out several work assignments for Ross Offs

VARD receives cable-layer order from Denmark
VARD has secured a contract with Denmark’s NCT Offshore for the design and construction of a cable laying vessel (CLV) of VARD 9 01 design. The vessel is designed by Vard Design in Ålesund, Norway, the hull will be built at Vard Tulcea in Romania, while the final outfitting, commissioning and delive

Team for Spain-France electricity interconnector starts taking shape
Inelfe, a joint venture between the Spanish transmission system operator (TSO) Red Eléctrica and the French counterpart RTE, has awarded the engineering, procurement and construction (EPC) contracts for an electricity interconnection project that will link the two countries. The Biscay Gulf project

Wintershall Dea hires another Eidesvik PSV
Eidesvik Offshore has been awarded a contract for another of its PSVs by Wintershall Dea for operations offshore Norway.