Business & Finance
Fugro to work on first Mediterranean floating offshore wind project
Fugro has won a contract with Renexia to carry out surveys at the 2.8 GW Med Wind project, the first floating offshore wind project in the Mediterranean. Fugro will perform marine geophysical and environmental surveys to acquire comprehensive geo-data at the proposed wind farm location in water dept
TGS buys ION’s multi-client and processing business
TGS has completed the transaction to acquire the multi-client and processing business of ION Geophysical Corporation, referred to as the E&P Technology and Services (EPTS) business. The acquisition includes all of ION’s global offshore multi-client data library, data processing and imaging capabilit
Tyra module for TotalEnergies’ North Sea project sails away from Indonesian yard
McDermott International has completed the sail away of a gas processing module for TotalEnergies’ field located in the Danish North Sea.
ZIM inks $1 billion LNG bunkering deal with Shell
Israeli container shipping company ZIM has signed a ten-year marine liquefied natural gas (LNG) sales and purchase agreement with Shell, valued at more than $1 billion. The LNG is intended for ten LNG-fueled vessels that will be deployed on ZIM’s flagship ZIM Container Service Pacific (ZCP), on the
UK regulator grants Centrica the go-ahead for gas storage project
Centrica has received the green light from the UK’s North Sea Transition Authority for a gas storage project in the Southern North Sea.
New CEO in charge of Saipem following Caio’s resignation
Italian oilfield contractor Saipem has appointed a new chief executive officer (CEO) following the resignation of its current CEO.
New contracts for four Solstad subsea construction vessels
Norway’s Solstad Offshore has won four new contracts with companies from the offshore wind and oil & gas industries for its subsea construction vessels (CSVs). The contracts have been awarded for Normand Australis, Normand Fortress, Normand Frontier and Normand Navigator. Activities will be carried
Mitsui invests $7 million in Norwegian Hydrogen
Japanese trading company Mitsui & Co. has invested invests NOK 70 million (around $7 million) in Norwegian Hydrogen, the company that will build and operate green hydrogen production sites in the Nordic region.
Avance Gas secures financing for last two newbuild dual-fuel VLGCs
Norwegian shipping company Avance Gas has raised long-term financing for the two last remaining liquefied petroleum gas (LPG) dual-fuel very large gas carriers (VLGCs) newbuildings.
Russia halts Nord Stream 1 gas supply to Europe again ‘due to maintenance’
State-owned Russian gas company Gazprom has again shut off the Nord Stream 1 pipeline that supplies Europe with gas due to maintenance. Nord Stream 1 has been running at reduced capacity following a ten-day shutdown in July and in the past month, the flow was at approximately 20% of normal capacity.
Spud date for Black Sea campaign postponed while rig undergoes repairs
The start of Trillion’s 2022 – 2023 drilling campaign on a gas field in the Black Sea has been delayed until rig repairs are completed.
Blue World Technologies ready to scale up methanol fuel cell tech for maritime sector
The Bill Gates-founded investment fund Breakthrough Energy Ventures (BEV) has entered as an investor in Danish fuel cell company Blue World Technologies alongside Vaekstfonden, DEUTZ AG, and existing investors who invested back in December 2021 to complete the company’s €37 million series B round.
Ocean Sun boosts half-year revenues
Norwegian floating solar company Ocean Sun has reported an increase in revenues for the first half of the fiscal year 2022, as opposed to the same period a year earlier.
Partners exploring options for renewable energy hub at Corrib gas field
Vermilion Energy and Nephin Energy are looking into the feasibility of a renewable energy hub at the existing Corrib gas field offshore Ireland.