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Business & Finance

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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
Illustration; Source: TGS
Business & Finance

TGS’ seismic data to shed light on African country’s ‘promising’ oil & gas potential

TGS has been put in charge of offshore subsurface data insights into the maturity and distribution of source rocks off the coast of Tanzania.

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about 2 years ago
Illustration; Source: Oceaneering
Business & Finance

Oceaneering picks up multimillion-dollar deal for Gulf of Mexico energy project

Oceaneering International has been hired to provide an electro-hydraulic, steel tube dynamic umbilical for an energy project in the Gulf of Mexico.

about 2 years ago
Monna Lisa cable laying vessel; Source: Prysmian
Business & Finance

WATCH: Prysmian’s cable layer going on final prep mission ahead of gig at UK’s huge renewable superhighway

Prysmian has confirmed the start of its vessel’s journey to Norway, where outfitting completion and trials will take place before the cable layer embarks on its inaugural job at a high voltage direct current (HVDC) cable connection in the UK.

about 2 years ago
Lorelay pipelay vessel; Source: Allseas
Business & Finance

Allseas gearing up for ‘complex’ subsea pipelay gig as Caribbean beckons

Switzerland-headquartered Allseas is months away from embarking on a subsea pipeline assignment in the Caribbean.

about 2 years ago
FPSO Petrojarl Knarr for Equinor's Rosebank oil field in UK waters; Source: Aker Solutions
Business & Finance

Legal storm to hit Rosebank as UK’s historic ruling brings emissions from burning oil & gas into play

The ink is not even dry yet on a recent court ruling but it has sparked excitement about resuming a legal battle against Rosebank, said to be the largest undeveloped oil field in British waters.

about 2 years ago
Illustration; Source: Baron Oil
Business & Finance

UK player progressing talks to put funding in place for drilling ops offshore Timor-Leste next year

Baron Oil has entered its third year of a production sharing contract (PSC) for a gas field offshore Timor-Leste.

about 2 years ago
Eight cross-border energy infrastructure projects secure €600 million-bundle of financial support from EU
Business & Finance

Eight cross-border energy infrastructure projects secure €600 million-bundle of financial support from EU

European Climate, Infrastructure and Environment Executive Agency (CINEA) has inked almost €600 million in grant agreements for eight cross-border energy infrastructure projects, entailing ten countries and covering electricity, gas, CO2, and smart grids. Five of these eight projects are focused on

about 2 years ago
Wadad Aletheia; Source: CCCUWE
Business & Finance

Delivery of UAE player’s subsea vessel gets pushed to next quarter

The UAE-based CCCUWE has disclosed a revised schedule for the arrival of the newest member of its subsea fleet to its base.

about 2 years ago
Nick Ingrassia, CEO of Longboat Energy; Source: Longboat Energy
Business & Finance

Oil & gas firm closing Norwegian chapter to continue its story in Southeast Asia

Longboat Energy has decided to exit Norway to concentrate on building a full-cycle E&P business in Southeast Asia.

about 2 years ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Aker BP’s drilling ops yield new gas discovery in Norwegian waters

Aker BP has made a new gas discovery on the Norwegian Continental Shelf (NCS), using one of Saipem’s semi-submersible rigs.

about 2 years ago
Höegh Autoliners
Business & Finance

Höegh Autoliners secures funding for 4 new ammonia-fueled ships

Höegh Autoliners has been granted NOK 109.4 million (about $10.4 million) from Enova for four of the company’s ammonia-powered Aurora PCTCs.

about 2 years ago
Maris Fiducia grabs a slice of Enova’s funding to build hydrogen-powered dry bulk ships
Business & Finance

Maris Fiducia grabs a slice of Enova’s funding to build hydrogen-powered dry bulk ships

Maris Fiducia Norway, with HAV Hydrogen and Norwegian Hydrogen, secured $38.4 million funding from Enova for hydrogen-powered dry-bulk vessels.

about 2 years ago
Two out of four CO2 storage licenses awarded offshore Norway going to Equinor
Business & Finance

Two out of four CO2 storage licenses awarded offshore Norway going to Equinor

The Norwegian Ministry of Energy has awarded four new exploration licenses related to CO2 storage on the Norwegian Continental Shelf (NCS) to six companies as part of the sixth call for CO2 storage on the NCS. The exploration licenses are located in the North Sea, with two offered to Equinor, one to

about 2 years ago