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Business & Finance

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Greece and Saudi Arabia to launch studies for potential electricity interconnector
Business & Finance

Greece and Saudi Arabia to launch studies for potential electricity interconnector

Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) and Saudi Arabia’s National Grid Saudi Electricity Company have decided to kick off technical and economic studies for an electricity interconnector between the two countries. The launch of the technical and econ

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Equinor gets more info on oil discovery to gauge development option

Equinor has wrapped up drilling activities at an appraisal well in the Barents Sea off the coast of Norway with one of Odfjell Drilling’s rigs.

about 2 years ago
Thylacine platform in the Otway Basin; Source: Beach Energy
Business & Finance

More drilling ops on Beach Energy’s agenda offshore Australia

Beach Energy has handed over an environment plan (EP) to Australia’s offshore regulator, entailing drilling activities.

about 2 years ago
Multi-million dollar win for US player with 'major energy company'
Business & Finance

Multi-million dollar win for US firm with ‘major energy company’

Houston-based subsea energy equipment and services specialist Koil Energy Solutions, formerly known as Deep Down, has secured a multi-million dollar contract with what it says is a “major international energy company”. Koil Energy Solutions will deliver engineering, procurement, manufacturing, insta

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

Chevron going in pursuit of more gas by upping the drilling ante offshore Australia

Chevron has submitted another environment plan (EP) to the country’s offshore regulator for drilling operations off the coast of Australia.

about 2 years ago
Plug Power’s hydrogen buildout reaches new heights
Business & Finance

Plug Power’s hydrogen buildout reaches new heights

U.S. Plug Power has reached nameplate capacity at hydrogen plants in Georgia and Tennessee, marking a milestone for the company’s hydrogen network.

about 2 years ago
Valaris DS-9 drillship; Source: Valaris
Business & Finance

New rig deals lift Valaris’ contract backlog to $4 billion

Valaris has expanded its contract backlog, thanks to a series of new contract awards and extensions with multiple oil and gas companies.

about 2 years ago
Danish wave energy firm launches crowdfunding campaign, aims to raise up to €1.5M
Business & Finance

Danish wave energy firm launches crowdfunding campaign, aims to raise up to €1.5M

Danish company Wavepiston has launched a crowdfunding campaign with the ambition of raising up to €1.5 million that will be used for its wave energy technology. The €1.5 million expected to be raised in 2024 will be instrumental in further demonstrating and commercializing the wave energy technology

about 2 years ago
Illustration; Source: U.S. Energy Information Administration (EIA)
Business & Finance

Start-up of three LNG projects paving the way for rise in US natural gas trade

A further growth in natural gas trade is expected thanks to three new LNG export projects, which are slated to come online by the end of next year.

about 2 years ago
US oil & gas services provider scores $10 million worth of contracts
Business & Finance

US oil & gas solutions provider scores $10 million in new contracts

Ocean Edge Services (OES), a U.S.-based service company that provides flexible offshore and onshore solutions to the oil & gas industry, has secured new project awards totaling over $10 million. The batch of the new contracts is for production hydraulic power units (HPUs), subsea distribution equipm

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

Woodside gearing up for decom activities at Australian offshore gas field

Woodside has submitted an environment plan (EP) for subsea decommissioning activities at a gas field offshore Australia.

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

More time in UK for Archer thanks to $40 million extension deal

Oil services company Archer has landed a two-year contract extension for platform drilling services with an undisclosed company in the UK.

about 2 years ago
Prelude FLNG; Source: Shell
Business & Finance

Shell seeks thumbs-up for further work on gas project offshore Australia

Shell has submitted an environment plan (EP) for the installation and cold commissioning activities on a gas field offshore Australia.

about 2 years ago
Illustration; Credit: Manfred Jarisch/Equinor
Business & Finance

Equinor sees downturn in oil & gas workers’ injury frequency

Equinor has provided safety results for the first quarter of 2024, reporting no serious well control incidents.

about 2 years ago
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