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Business & Finance

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Shelf Drilling Barsk jack-up rig; Source: Soiltech
Business & Finance

Shelf Drilling hands out North Sea job to Norwegian firm

Offshore drilling contractor Shelf Drilling has handed out a contract for waste management services in the North Sea to Soiltech.

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

CNOOC unveils fresh oil & gas discovery off China

China’s oil and gas giant CNOOC Limited has made a new oil and gas discovery in the South China Sea, which is said to be a major one.

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about 2 years ago
New acquisition expands NextChem’s hydrogen, ammonia, and methanol portfolio
Business & Finance

New acquisition expands NextChem’s hydrogen, ammonia, and methanol portfolio

NextChem, a subsidiary of an international industrial group Maire Tecnimont S.p.A, has entered into a binding agreement to acquire 100% of Germany-based GasConTec (GCT), a company specialized in technology development and process engineering, expanding its competencies in low-carbon hydrogen, ammoni

about 2 years ago
Following retrofit, 2000-built vessel arrives to US to perform offshore wind work
Business & Finance

Following retrofit, 2000-built vessel arrives in US to perform offshore wind work

Following a retrofit campaign, TDI-Brooks’ new research vessel has arrived on the U.S. East Coast where it will perform offshore wind work. The RV Nautilus, formerly known as Nautical Geo, reached the shores of the East Coast on March 3 after undergoing a six-month retrofit in Las Palmas. The 75-met

about 2 years ago
Norve jack-up rig; Source: Borr Drilling
Business & Finance

Oil flows from ‘fast-track development’ off Gabon just months after initial discovery

Oslo-listed oil and gas E&P player BW Energy has kicked off production from a development offshore Gabon.

about 2 years ago
Scarabeo 8 rig; Source: Saipem
Business & Finance

Wheels in motion for Aker BP to embark on drilling ops with Saipem rig

Aker BP has received consent from to use one of Saipem’s semi-submersible rigs for exploration activities in the Barents Sea.

about 2 years ago
Yamal LNG; Source: Novatek
Business & Finance

EU’s ties to Russian gas: LNG tanker routes pinpoint ports in four European countries as touchpoints

Research shows that the EU has not severed its gas bonds with Russia, as four countries still facilitate deliveries of its LNG.

about 2 years ago
Norwegian Hydrogen-led consortium to set up hydrogen ecosystem at Danish port
Business & Finance

Norwegian Hydrogen-led consortium to set up hydrogen ecosystem at Danish port

Green hydrogen producer Norwegian Hydrogen, in collaboration with a consortium of ten partners, has launched a new project that aims to develop an integrated green hydrogen value chain at the Port of Hirtshals in Denmark. Norwegian Hydrogen will be the coordinator of the so-called CONVEY project whi

about 2 years ago
CTV SeaLoader 2; Source: MOL
Business & Finance

Petrobras charters cargo transfer vessel from MOL while gearing up for talks about new CTV shipbuilding deal

MOL and Petrobras have inked a charter deal for a cargo transfer vessel (CTV) and plan to embark on negotiations to build a new CTV by year-end.

about 2 years ago
Harland & Wolff; Wolff Appledore, workers at work on the new pontoon.
Business & Finance

Harland & Wolff secures five-year contract for subsea infrastructure fabrication

Northern Ireland-based Harland & Wolff has inked a five-year master services agreement with what it says is a global oil services company for the fabrication of subsea structures. The work will take place at the Arnish yard situated on the Isle of Lewis. Harland & Wolff received its first purchase

about 2 years ago
FPSO EnQuest Producer; Source: EnQuest
Business & Finance

British firm gets its hands on partial stake in giant undeveloped North Sea oil field

Viaro Energy has received regulatory approval related to the acquisition of a partial interest in a huge undeveloped oil field on the UKCS.

about 2 years ago
UK continues tidal stream ringfence, increases budget
Business & Finance

UK continues tidal stream ringfence for third year, increases budget

The UK government has set a £10 million ringfence for tidal stream in this year’s renewables auction, representing a third consecutive year. The UK Department for Energy Security and Net Zero (DESNZ) announced that tidal stream and wave energy will compete in Pot 2 of the Contracts for Difference (C

about 2 years ago
Shell and Bloom Energy forge hydrogen alliance
Business & Finance

Shell and Bloom Energy forge hydrogen alliance

American solid oxide fuel cells producer Bloom Energy has signed an agreement with UK-based energy giant Shell to study decarbonization solutions, utilizing its proprietary hydrogen electrolyzer technology. Specifically, Bloom and Shell agreed to collaborate on developing replicable, large-scale, so

about 2 years ago
Large crane order for Prysmian's new cable layer lands on MacGregor's desk
Business & Finance

Large crane order for Prysmian’s new cable layer lands on MacGregor’s desk

VARD has placed an order with MacGregor, part of Cargotec, for three cranes to be installed onboard Prysmian’s new cable-laying vessel (CLV). MacGregor will deliver a 100-tonne active heave-compensated (AHC) crane, a 20T offshore crane and a 3T deck crane to equip Prysmian’s third NB970 CLV from VAR

about 2 years ago