Business & Finance
OEUK: Calls for UK windfall tax on oil & gas player’s global profits ‘deliberately misleading’
Offshore Energies UK (OEUK) has warned that the calls for new windfall taxes on energy producers’ global profits are misleading.
Shell hires PXGEO for seismic work
Marine geophysical services provider PXGEO has entered into an agreement with oil company Shell to provide seismic acquisition services.
Frontline says emergency arbitrator dimissed all Euronav’s claims
Norwegian tanker shipping heavyweight Frontline announced that the Emergency Arbitration claims filed by its Belgian counterpart Euronav have been fully dismissed by the Emergency Arbitrator. “The decision was issued today, and in addition to fully dismissing the claims, orders Euronav to pay to Fro
Aker Solutions confirms contract for Norwegian Sea electrification project
Aker Solutions has signed a contract with OKEA for the Draugen electrification project in the Norwegian Sea, following a Letter of Intent (LoI) from December 2022. Aker Solutions has been appointed as the main contractor for engineering, procurement, construction, and installation (EPCI) and the sco
Vopak and Port of Antwerp-Bruges set sights on new green energy hub at former Gunvor site
Dutch tank storage company Vopak has decided to acquire the shares of Gunvor Petroleum Antwerp from commodity trader Gunvor Group, and gain access to the Gunvor concession in the Antwerp port area, with an aim to sustainably redevelop the site to support renewable energy. The site’s size is some 105
Monjasa teams up with HØST PtX Esbjerg on green ammonia
Danish marine fuel supplier Monjasa and HØST PtX Esbjerg have signed a Commercial Collaboration Agreement (CCA) on logistics services and offtake of green ammonia for the maritime sector. Under the terms of the deal, Monjasa will provide logistics services that will enable the distribution of green
Out now: Floorplan for Offshore Energy Exhibition & Conference 2023
Offshore Energy Exhibition & Conference (OEEC) 2023, Europe’s premier meeting point for the offshore energy sector, has opened the floorplan for this year’s event. In 2023, as in the years before, OEEC will bring together professionals from oil & gas, offshore wind, floating wind, marine energy, hyd
With two new offshore licenses, TotalEnergies to explore carbon storage potential in North Sea
French-headquartered energy giant TotalEnergies has been awarded two offshore licenses to explore CO2 storage potential in the Danish North Sea.
Reach Subsea charters vessel to service offshore wind sector
Reach Subsea, a data and subsea service provider for ocean-based industries, has entered a charter contract and corresponding option arrangement with Olympic Subsea, a provider of marine transportation services, for the multifunctional subsea support and construction vessel Olympic Triton.
Norway continues license processing for 1.4 GW link to UK after almost three years
Norway’s Ministry of Petroleum and Energy has decided to resume the license processing of the application for the development of a 1.4 GW overseas interconnector between Norway and the UK after the processing was put on hold back in 2020. In a letter dated 25 March 2020, the Norwegian ministry infor
Equinor to tackle helideck nonconformities at two North Sea platforms
Norwegian regulator has conducted an audit of the management of emergency preparedness and helidecks at Equinor’s two North Sea platforms.
International association calls for cooperation for UK’s energy transition program
The North Sea Chapter of the International Association of Drilling Contractors (IADC) is calling on the Scottish and UK Governments and the oil and gas industry to cooperate to better effect and ensure the sector takes a balanced, long-term approach to the energy transition. The move comes in respon
Novatek and Deepak Fertilisers ally on energy supply, LNG included
Novatek, an independent natural gas producer in Russia, and Deepak Fertilisers and Petrochemicals Corporation, India’s producer of fertilisers and industrial chemicals, have signed a non-binding Memorandum of Understanding (MoU) regarding the supply of LNG and low-carbon hydrogen and ammonia. The Mo
Fresh UK gig for Stena Drilling rig
Offshore drilling contractor Stena Drilling has secured a new contract for a semi-submersible rig with Ithaca Energy for operations off the UK.