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Business & Finance

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Illustration; Source: Africa Oil Corp.
Business & Finance

Africa Oil’s consolidation move brings new investor and opens doors to greater oil & gas growth opportunities

Africa Oil Corp. has struck a deal with BTG Oil & Gas to consolidate shareholdings in Prime, which has deepwater assets located offshore Nigeria.

about 2 years ago
DOF continues it winning streak with Petrobras with two new contracts
Business & Finance

DOF continues its winning streak with Petrobras with two new contracts

Norwegian vessel owner DOF Group has added more work to its to-do list for Brazilian oil and gas giant Petrobras by securing two new long-term contracts. The Brazil-built and flagged 142.2-meter-long pipelay support vessel (PLSV) Skandi Niterói has been given a three-year firm plus option contract,

about 2 years ago
Proteus Marine Renewables’ cost-effective yaw system ready for deployment subsea
Business & Finance

UK firm’s cost-effective yaw system ready for deployment subsea

Following the completion of acceptance testing, UK-based tidal energy company Proteus Marine Renewables’ (PMR’s) Yaw System for tidal turbines is now en route for deployment subsea.

about 2 years ago
Energy Emerger jack-up rig; Source: Northern Offshore
Business & Finance

Jack-up rig sets the seal on drilling campaign offshore Oman

Masirah Oil has wrapped up a multi-well drilling program at a field in the Block 50 concession off the coast of Oman with a recently hired jack-up rig.

about 2 years ago
With financial support, Equinor backs Reach Subsea's USV qualification program
Business & Finance

With financial support, Equinor backs Reach Subsea’s USV qualification program

Norway’s Reach Subsea is collaborating with compatriot state-owned energy giant Equinor to carry out a technology qualification program for the Reach Remote uncrewed surface vessels (USVs) that aims to validate remote operations for various tasks. Reach Remote 1 and 2 have entered the final testing

about 2 years ago
Tchendo 2 MOPU; Source: Perenco
Business & Finance

Rig repurposed into MOPU with three gas turbines starts its new lease on life in Africa

Perenco has turned the power production switch on at its new mobile offshore production unit (MOPU) offshore Congo, Africa.

about 2 years ago
Dutch duo exploring options for LNG, hydrogen, and CCS at EemsEnergy Terminal
Business & Finance

Dutch duo exploring options for LNG, hydrogen, and CCS at EemsEnergy Terminal

Vopak and Gasunie have launched market consultation to look at LNG, hydrogen, and CCS possibilities at the EemsEnergy Terminal in Eemshaven.

about 2 years ago
Illustration; Source: Norwegian Ministry of Energy
Business & Finance

Oil & gas players get their hands on CO2 storage licenses in North Sea

Three companies have confirmed the award of new CO2 storage licenses as part of the sixth call launched by Norway’s Ministry of Energy.

about 2 years ago
Shetland HVDC Link transmits first power ahead of full commissioning later this summer
Business & Finance

Shetland HVDC Link transmits first power ahead of full commissioning later this summer

SSEN Transmission’s Shetland High Voltage Direct-Current (HVDC) Link in the North Sea has transmitted its first power from a wind farm to the mainland, nearing full energization. The £660 million Shetland HVDC Link connects Noss Head in Caithness and Weisdale Voe in Shetland. The 260-kilometer subse

about 2 years ago
SolarinBlue gets a multimillion-euro grant for the first 1 MWp French and Mediterranean floating solar farm
Business & Finance

Multimillion-euro grant for first 1 MWp French and Mediterranean floating solar farm

French company SolarinBlue has been awarded €6 million in funding for its floating solar project by the French government as part of the France 2030 program, operated by ADEME, the French Agency for Ecological Transition.

about 2 years ago
FPSO Maria Quitéria; Source: Yinson Production
Business & Finance

FPSO eating up the miles to Brazil while Petrobras brings production start date forward

Petrobras has moved up the timeline for the start of operations concerning its floating production, storage, and offloading (FPSO) vessel destined to work off the coast of Brazil.

about 2 years ago
N05-A platform designed to be powered by offshore wind; Source: ONE-Dyas
Business & Finance

Court rules coast is clear for North Sea gas project: Will it be smooth sailing from here on?

Has a natural gas development in the North Sea finally managed to catch a break with calm seas and fair winds ahead or is this wishful thinking given the hard stance climate activities have taken on the project?

about 2 years ago
Pioneering Spirit (for illustration purposes); Source: Allseas
Business & Finance

Activists’ game plan for deep sea mining ban turns up the heat on Allseas to cease its pursuits

Allseas has been urged to abandon further technological development of giant mining machines due to the allegedly harmful consequences their use will have.

about 2 years ago
PCE-1 platform; Source: Trident Energy
Business & Finance

Trendsetter lines up subsea work on two oil assets in Brazilian waters

Texas-based Trendsetter Engineering has tucked a new assignment under its belt on two offshore oil fields in Brazil.

about 2 years ago
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