Business & Finance
Transocean strikes multiple rig deals with total backlog of $1.9 billion
Transocean has secured new contracts and extensions in the U.S. Gulf of Mexico, North Sea, Suriname and Brazil for nine rigs in its offshore fleet.
Denmark’s first CO2 storage project to soon begin commissioning tests
Offshore supply vessel Aurora Storm has left the Danish Port of Esbjerg towards the site of Project Greensand, allowing commissioning tests to soon begin at Denmark’s first CO2 storage project. According to the latest update from the project developer, Aurora Storm left the harbor in Esbjerg towards
UK well construction cementing firm changes hands
UK-headquartered energy services provider Expro is acquiring compatriot well construction cementing firm DeltaTek Global in order to broaden its offering, capabilities and technology portfolio. According to Expro’s Chief Technology Officer Steve Russell, the acquisition will expand Expro’s well cons
EIB joins IH2A, backs hydrogen projects in India
European Investment Bank (EIB), the bank of the European Union (EU), has signed a Memorandum of Understanding (MoU) to join the India Hydrogen Alliance (IH2A) and increase support for large-scale green hydrogen hubs and projects across India with indicative funding of €1 billion, subject to the Indi
Boluda Towage steers toward global leadership with Smit Lamnalco acquisition
Boluda Corporación Marítima, through its Boluda Towage division, has reached an agreement to acquire Smit Lamnalco, the world’s fifth-largest towage operator. The deal is expected to enable the company to strengthen its presence in strategic markets such as Australia, the Middle East, and West Afric
New oil discovery in North Sea ‘not profitable’ at this moment in time
Norwegian oil and gas player Aker BP has made a new oil discovery in the North Sea off Norway, using a Saipem-owned rig.
Höegh LNG secures refinancing for two FSRUs deployed in Germany
Norwegian shipowner Höegh LNG has signed a new loan facility agreement with a group of banks to refinance two floating storage and regasification units (FSRUs) employed on long-term contracts in Germany. Höegh LNG’s FSRUs Höegh Esperanza and Hoegh Gannet were chartered by the German Federal Ministry
20-year-old Solstad PSV finds new owner
Solstad Rederi, a wholly owned subsidiary of Norwegian shipping company Solstad Offshore, has sold one of its platform supply vessels (PSVs). The new owner, whose name Solstad did not disclose, took over the 88.8-meter-long PSV Normand Flipper on 9 February. The vessel was built in 2003 and is of UT
Green light for Norwegian oil & gas player to spin the drill bit at North Sea prospect
Wellesley Petroleum has received consent from Norway’s regulator for exploration drilling in the Norwegian Sea.
Shell says derivative action attempt against its board over climate risk has ‘no merit’
With legal action over climate risk looming on the horizon, Shell denies allegations made against its board, vowing to oppose the derivate claim application.
While contributing to Europe’s energy security, Equinor rakes in all-time high profits
Equinor has more than doubled its annual profit in 2022, setting a new record driven by higher energy prices and growing demand.
Onshore cable installation done for Viking Link
Prysmian has completed the installation of the UK land cable section for the 1.4 GW Viking Link interconnector between the UK and Denmark. The team completed the installation of the 135-kilometer cable section between the converter station and the landfall located on a beach in Lincolnshire at the b
TGS scores new OBN contracts
Norwegian seismic player TGS has teamed up with CGG, the French geophysical services company, to carry out the acquisition and imaging of a dense ocean bottom node (OBN) multi-client seismic survey in the Balder and Ringhorne areas of the Norwegian Continental Shelf (NCS).
Petrogas picks umbilicals provider for North Sea gas fields
JDR, part of TFKable Group, has secured a contract from Petrogas E&P Netherlands for the supply of two umbilicals for offshore conventional gas fields in the Netherlands. The A15 and B10 fields are located in quads A and B, in a shallow water depth of 115 feet, and are expected to recover 17.25 Mmbo