Business & Finance

Poland strengthening its energy security via 10-year gas sales contract with Norway
Norwegian state-owned energy giant Equinor on Friday announced a long-term gas sales agreement with Poland’s PGNiG.

Oil & gas player sanctions North Sea project and hires Maersk rig for drilling ops
Ineos and its partners have made a final investment decision (FID) on the development of an oil and gas project in the Danish North Sea.

Simply Blue, Irving Oil to jointly explore opportunities for renewable energy hub in Ireland
Simply Blue Group and Irving Oil have signed a Memorandum of Understanding (MoU) to explore opportunities related to the development of an integrated renewable energy hub at the Irving Oil Whitegate Refinery in Ireland. The Whitegate Refinery is the country’s only refinery and a critical part of the

OMV to drill sidetrack and perform well test after confirming gas and condensate in North Sea well
OMV has confirmed a gas-condensate discovery at its Oswig exploration well located in the North Sea and decided to drill a sidetrack well.

Sonardyne opens new South East Asia HQ
UK-headquartered marine technology company Sonardyne has officially opened its new South East Asia headquarters in Singapore. The three-story facility, located at Loyang Offshore Supply Base, has been completely remodelled and refitted to meet Sonardyne’s operational needs. It comprises offices and

Five-year drilling deal in UK for oilfield services provider
Archer has secured a long-term platform drilling contract – worth around $50 million – in the UK with an undisclosed operator.

UK’s first carbon storage licensing round brings 26 bids from 19 players
The UK’s first-ever carbon storage licensing round, encompassing 13 areas, has attracted 26 bids from 19 industry players.

TechnipFMC wins EPCI contract for Shell’s North Sea gas project
Shell has awarded TechnipFMC with an engineering, procurement, construction and installation (EPCI) contract for the Jackdaw development offshore the UK. The contract covers pipelay for a 30-kilometer tieback from the new Jackdaw platform to Shell’s Shearwater platform, as well as the delivery of an

BP prolongs Prosafe unit’s stay in UK North Sea
Offshore accommodation rig provider Prosafe has secured a contract extension for one of its units with BP in the UK North Sea.

More work offshore Norway for Floatel units
Floatel International has secured contract extensions with Equinor for two units operating offshore Norway.

Ex-Oceaneering subsea head to lead Rovco’s US expansion
UK-headquartered subsea technology company Rovco has entered the U.S. offshore wind market with the strategic appointment of the director for the Americas. Located in New York, Mitchell Johnson has been appointed to expand the company’s global footprint and establish operations in the U.S. According

Five wave energy projects proceed to next phase of EuropeWave
Following the competitive first phase of EuropeWave’s pre-commercial procurement (PCP) program, five wave energy projects have been selected to develop their concepts further in the next phase.

UK confirms new oil & gas licensing round and lifts shale ban
The UK government has lifted the moratorium on shale gas production in England and confirmed its support for a new oil and gas licencing round.

Transocean rig to drill 17 wells for 2 oil and gas operators
Two oil and gas companies, OMV and Wintershall Dea, have awarded a drilling contract to Transocean to drill 17 wells in Norway.