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Business & Finance

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Aker Solutions lands major five-year contract for key Aker BP assets off Norway
Business & Finance

Aker Solutions lands major five-year contract for key Aker BP assets off Norway

Aker Solutions has secured a five-year contract with Aker BP for maintenance, modification and operation services (MMO) across all of its key assets on the Norwegian Continental Shelf (NCS). The work will be executed within the next-generation MMO alliance covering Valhall, Fenris, Ula, EIGA (Edvard

about 8 months ago
Illustration; Source: Türkiye Petrolleri A.O. (TPAO)
Business & Finance

BP and TPAO seal oil & gas cooperation pact

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UK-headquartered energy giant BP has struck a deal with Türkiye‘s national oil and gas giant, Türkiye Petrolleri A.O. (TPAO), to pool resources in the oil and gas exploration and production arena.

about 8 months ago
France plans 250 MW tidal energy rollout by 2030 in new energy strategy
Business & Finance

France plans 250 MW tidal energy rollout by 2030 in new energy strategy

The French Government is planning to have 250 MW of tidal energy capacity awarded by 2030, as part of the third edition of the country’s energy strategy on the way towards carbon neutrality by 2050. The Publication Pluriannuelle de l’Energie (Multiannual Energy Programme (PPE)) includes commercial t

about 8 months ago
FSU Alba; Source: AF Offshore Decom
Business & Finance

Another ‘major’ North Sea decom job comes AF Offshore’s way

AF Offshore Decom (AFOD), a subsidiary of AF Gruppen, has been hired on a new decommissioning project on the UK Continental Shelf (UKCS) by Ithaca Energy, a North Sea oil and gas operator and producer.

about 8 months ago
Shelf Drilling Barsk (former Noble Lloyd Noble) jack-up rig; Source: Jamie Baikie/Equinor
Business & Finance

Go-ahead for Equinor to use 2016-built rig at North Sea field

Norway’s state-owned energy giant Equinor has received clearance to deploy a ten-year-old jack-up rig at its offshore field on the Norwegian Continental Shelf (NCS).

about 8 months ago
Hunting strengthens its subsea arsenal with new acquisition
Business & Finance

Hunting strengthens its subsea arsenal with new acquisition

London-headquartered energy services provider Hunting has acquired compatriot Flexible Engineered Solutions (FES), a move made to strengthen its subsea growth and support the company’s 2030 ambitions. FES is based in Ashington and is focused on the design, manufacture, and testing of highly engineer

about 8 months ago
Rendering of Argentina LNG project; Source: YPF
Business & Finance

ADNOC’s XRG widens gas and LNG portfolio with Argentina and Caspian Sea deals

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has taken steps to expand its footprint by firming up agreements to come aboard a proposed liquefied natural gas (LNG) project in Sierra Grande

about 8 months ago
Alfa Laval-Wallenius Lines JV bags its first order for wind propulsion
Business & Finance

Alfa Laval-Wallenius Lines JV bags its first order for wind propulsion

Oceanbird, a joint venture (JV) between Swedish marine technology company Alfa Laval and shipping company Wallenius Lines, has received its first order for wind propulsion from an undisclosed shipowner. The shipowner placed an order for two Oceanbird Wing 560 wing sails that are contracted for a ret

about 8 months ago
Ammonia FPSO concept; Source: BW Offshore
Business & Finance

WATCH: McDermott and BW Offshore lift the curtain on floating blue ammonia FPSO model

McDermott and BW Offshore have unveiled a concept for a blue ammonia floating production, storage, and offloading (FPSO) unit that blends offshore production, carbon capture, and direct export, spotlighting the way in which surplus natural gas could be converted into a lower-carbon fuel and brought

about 8 months ago
New UK tidal energy capacity – What we know so far
Business & Finance

New UK tidal energy capacity – What we know so far

Inyanga Marine Energy Group’s HydroWing Tidal Energy Projects has secured a contract for an additional 10 MW of capacity in the UK government’s Contracts for Difference (CfD) Allocation Round 7 (AR7) for what will, once fully developed, become the world’s largest tidal energy project. Of note, the U

about 8 months ago
Subsea interconnector between two Canary Islands crosses finish line (Video)
Business & Finance

Subsea interconnector between two Canary Islands crosses finish line (Video)

Spanish transmission system operator (TSO) Red Eléctrica has completed the interconnection between the islands of Tenerife and La Gomera in Spain, reinforcing the security of supply in the Canary Islands. The interconnection consists of a 66 kV double-circuit line, with a 36-kilometer underwater sec

about 8 months ago
Survey underway at Italy’s first CCS project
Business & Finance

Survey underway at Italy’s first CCS project

An offshore geophysical monitoring survey has commenced at the first carbon capture and storage (CCS) project in Italy, which will use depleted natural gas fields in the Adriatic Sea for the storage of CO2 from industrial districts. Bologna-based offshore survey and geoscience company Lighthouse Geo

about 8 months ago
Illustration; Source: IPTO
Business & Finance

EIB and Greek TSO agree on €1.9B financing for Dodecanese interconnection

The European Investment Bank (EIB) and Greece’s transmission system operator (TSO) Independent Power Transmission Operator (IPTO) have signed a deal for €1.9 billion financing for the development of an interconnector that will eliminate the electrical isolation of the islands of Kos, Rhodes and Karp

about 8 months ago
Ringhorne; Credit: Øyvind Sætre/Vår Energi
Business & Finance

North Sea hydrocarbon drilling ops hit a dead end

Norway’s oil and gas player Vår Energi and its partner, Kistos Energy, have drilled an exploration well in the Norwegian sector of the North Sea, which yielded no commercial hydrocarbons.

about 8 months ago