Business & Finance
Security of supply to surpass clean and affordable parts of energy trilemma in 2023, says DNV
DNV, a Norway-based classification society, which predicts that energy security will be the top priority in the energy trilemma this year.
HUI and RML eye waste plastic to hydrogen plant development opportunities
Hydrogen Utopia International (HUI), a company specialising in turning non-recyclable mixed waste plastic into hydrogen and other carbon-free fuels, new materials, or distributed renewable heat, has entered into an agreement with Rocquaine Management Limited (RML) to explore opportunities for the de
Repsol tasked with addressing nonconformities on jack-up rig
Norwegian regulator is awaiting a response from Repsol regarding the way the identified nonconformities on a jack-up rig will be handled.
After worker suffers ‘crushing injuries’ during work on jack-up rig, probe reveals nonconformities
Norwegian offshore safety regulator has completed an investigation into an incident involving a personal injury during work on a drag chain on a jack-up rig.
ProtoAtlantic picks three offshore renewable energy startups for test support
The ProtoAtlantic project has selected three companies to test their technologies at Lir-National Ocean Test Facility (Lir NOTF) as part of the program designed to support offshore renewable energy startups across the Atlantic Area.
PXGEO’s new CEO coming from Schlumberger
Following the resignation of Duncan Eley, marine geophysical service provider PXGEO has appointed Tony Bowman from Schlumberger as its new CEO. Bowman comes from Schlumberger where he held a number of senior roles across multiple geographical locations, including President of WesternGeco, which oper
CRP Subsea scores contract for deepwater gas field in China
CRP Subsea has secured contracts from an undisclosed oil and gas original equipment manufacturer (OEM) to supply two solutions for a deepwater gas field in the South China Sea, offshore China.
Dolphin Drilling anticipates further contract awards in niche moored semi-sub market
Dolphin Drilling has revealed its expectations of reaping the benefits in the future, thanks to improvements in the offshore drilling market.
With over €300 million in contracts, Solstad reports highest-ever quarterly order intake
Offshore energy clients have been spoiled over the last 7-8 years with all types of vessels being always available at a low price, however, this could quickly change, Solstad Offshore’s CEO Lars Peder Solstad stated as the company had reported its highest-ever quarterly order intake for the fourth q
CIP makes its first investment in renewable natural gas
Copenhagen Infrastructure Partners (CIP), one of the largest offshore wind developers, has acquired biogas project Envo Biogas in Tønder, Denmark, from Canada-based clean energy producer Anaergia. The plant was sold to CIP’s Advanced Bioenergy Fund I (CI ABF I), which is developing projects that pro
Frontline posts strongest quarterly results in 14 years, remains bullish on tanker market outlook
Norwegian tanker owner and operator Frontline revealed its highest quarterly net income since the second quarter of 2008 standing at $240 million for the fourth quarter of 2022. “The fourth quarter of 2022 may have given us a preview of the years to come in the tanker market as Frontline posts its b
Everfuel and Hy24 join hands for hydrogen infrastructure development
Everfuel, a Danish green hydrogen provider, and Hy24, managing a clean hydrogen infrastructure fund, have partnered up for the creation of a joint venture (JV) to finance the development of electrolyser capacity across the Nordics. The agreement includes plans to invest a total of €200 million in eq
New appointment to assist Sparrows in boosting North Sea drilling services offering
Sparrows Group has appointed a drilling services manager for Europe, as it looks to reinvigorate its North Sea offering with drilling services capabilities.
Offshore drilling scene ‘very promising’ for Noble, as it works on bringing to life ‘leading’ market player
Noble Corporation has reaped the benefits of its combination with Maersk Drilling, as shown within its results for 4Q 2022.