Business & Finance
Trillion to boost production at Black Sea gas field with additional wells
Trillion Energy is planning to add three sidetrack wells to the development program for the SASB gas field, increasing the total number of wells at the Black Sea project from 17 to 20. Trillion Energy said it had identified several additional opportunities to increase production at the SASB gas fiel
Seabound taps Crestchic Loadbanks to help test its carbon capture prototype
Startup climate-tech company Seabound has teamed up with Crestchic Loadbanks, a specialist in the provision of load bank testing equipment, to test Seabound’s carbon capture prototype. London-based Seabound has developed a unique carbon capture device that traps and stores CO2 from fuel exhaust with
TechnipFMC scores more work with Wintershall Dea off Norway
TechnipFMC has secured an engineering, procurement, construction, and installation (EPCI) contract with oil and gas company Wintershall Dea Norge for a gas field located offshore Norway. The contract covers the design, engineering, manufacture, and installation of pipe for the Dvalin North field, wh
EU Innovation Fund boosts Belgian companies’ CO2ncrEAT project
EU Innovation Fund will provide a €4.5 million grant for four Belgian companies, Prefer, a manufacturer of construction materials, Fluxys Belgium, an infrastructure operator, Lhoist, a lime producer and supplier of CO2, and Orbix, a holder of the technology and ad-hoc raw materials, for their joint
Shell finds gas in North Sea prospect and embarks on commerciality evaluation
Shell has made a gas discovery in an exploration well in the North Sea, which was spudded using a Noble-owned rig.
With ‘diversity in the player landscape,’ Norway offers offshore oil & gas licenses to 25 firms
Norway has offered production licenses to 25 companies for further exploration activity on the Norwegian continental shelf (NCS).
Maersk expands executive team as Clerc takes over the reins
Danish container shipping major Maersk has appointed a new executive leadership team as the company kick-starts the year under the helm of Vincent Clerc as CEO. As we reported earlier, Clerc took over the reins at A.P. Moller – Maersk on January 1, 2023, following the retirement of his predecessor S
DNV partners up with Ocyan, LZ Energia to decarbonise drilling operations
Ocyan, a subsidiary of the Novonor group that provides solutions for the upstream offshore oil and gas industry in Brazil and abroad, and LZ Energia, developer of technological solutions to reduce its customers’ operations fuel consumption and air pollution, have appointed DNV, the global independen
Tekmar Group companies clinch new batch of contracts
Pipeshield International and Subsea Innovation, Tekmar Group companies, have secured several contracts described as “significant”.
Solstad PSV hits ‘incredible’ emission reduction and fuel saving milestone
Solstad Offshore’s platform supply vessel (PSV) Normand Leader has saved 29 per cent of emissions and fuel consumption compared to a normal transit and only minor vessel speed alternations. Solstad said it had worked with partner VPS Decarbonization over the last weeks to use data analytics to save
Three UK-produced ROVs get to work on Petrobras’ oilfields
Forum Energy Technologies (FET) has delivered three work-class remotely operated vehicles (ROVs) to Brazil-based OceanPact for deployment on Petrobras’ oilfields. The three 200HP Perry XLX-C ROVs, manufactured at FET’s UK facility at Kirkbymoorside, North Yorkshire, will be deployed on two of OceanP
KSOE and partners to work on hydrogen and fuel cells
Korea Shipbuilding and Offshore Engineering (KSOE), a research-oriented intermediate holding company of the Hyundai Heavy Industry (HHI) Group, Germany’s Fraunhofer Institute for Ceramic Technologies and Systems (IKTS), and European solid oxide systems (SOC) producer ELCOGEN have agreed to collabora
Prysmian’s Cable Enterprise begins installing Spanish interconnector
Prysmian Group’s cable-laying vessel Cable Enterprise has begun the cable-laying operations for a new submarine power interconnection in Spain. The Italian cabling giant reported on 9 January that the cable layer started work for the new electricity link between Ibiza and Formentera, awarded by Span
Frontline pulls the plug on the highly anticipated $4.2 bln merger with Euronav
Norwegian tanker owner and operator Frontline has terminated the combination agreement it entered into with Belgian counterpart Euronav in July 2022, the company revealed on Monday in a sudden turn of events. The stock-for-stock merger deal would have created a global oil tanker operator valued at $