Business & Finance

Hydrocarbons present in HPHT well, but not the result North Sea operator ‘had hoped for’
Serica Energy has found hydrocarbons in an exploration well in the North Sea off the UK, but the commercial quantity is yet to be determined.

In focus: Offshore Energy Exhibition & Conference (OEEC) once again proves to be a huge success
The 15th Offshore Energy Exhibition & Conference (OEEC) in Amsterdam once again proved to be a great success: as always, the two-day exhibition offered exciting networking opportunities, knowledge sharing, presentations, workshops and a lot more. Energy security, green hydrogen, human capital and fl

TotalEnergies embarking on North Sea infill drilling campaign with Shelf Drilling rig
TotalEnergies has greenlighted the two-well infill drilling programme in the Danish North Sea to ramp up gas production from 2023.

RWE’s Brunsbüttel terminal could receive ammonia from Namibia
RWE and Hyphen Hydrogen Energy have signed a Memorandum of Understanding (MoU) that could see RWE offtake up to 300,000 tons of green ammonia per year from Namibia. Hyphen was appointed the preferred bidder by the Namibian government to develop the first green hydrogen project in Namibia for export.

Tie-back potential on the horizon for new Norwegian Sea discovery
Neptune Energy has confirmed a new discovery in the Norwegian Sea, which appears to have commercial potential based on the initial analysis.

Following incident, Nexans and Enemalta patch up subsea interconnector – gallery
Nexans has worked with Enemalta to finalise the repair works for the subsea Malta-Italy interconnector cable.

Repurposed North Sea rig closes its doors to go back to its decommissioning cycle
SEE MONSTER, a decommissioned North Sea platform’s new lease on life has now come to an end and it is expected to be recycled in the UK.

Multiple oil & gas projects still on track for development plans by year-end
Aker BP will vote in favour of submitting PDOs for multiple oil and gas projects, anticipated to take place by mid-December 2022.

How will UK’s energy windfall tax hike impact oil & gas players?
Moody’s has highlighted that the rise in the energy windfall tax will crimp the North Sea producers’ free cash flow generation.

Rig gearing up to drill oil & gas prospect in Caspian Sea
KazMunayGas and Lukoil have set the wheels into motion to mobilise a rig to carry out drilling ops in the Caspian Sea in mid-December.

OMV sets up new corporate structure for sustainable growth
Austrian oil and gas company OMV has introduced its new corporate structure to deliver on ambitions to become a net-zero company, which will come into effect on 1 January 2023. According to OMV, the new structure is designed to fully enable the delivery of Strategy 2030 and drive its transition towa

Core Power CEO: Biggest ships can benefit the most from nuclear power
The largest ocean-going vessels, which are the largest polluters, can reap the greatest benefits from the new nuclear power technologies, according to Mikal Bøe, CEO of London-based Core Power.

‘Huge day’ for Europe as Baltic Pipe goes full throttle
Baltic Pipe has reached its full capacity, connecting gas systems in Norway, Denmark and Poland, ensuring security of supply in Europe.

The Rig emerges from stormy North Sea wrapping crew in supernatural thriller galore
Amazon Prime is bringing a new supernatural thriller series, the first Amazon Original to be filmed entirely in Scotland, titled The Rig.