Business & Finance
Financial consortium, Turkish gov’t eye investment in hydrogen fuel cell tech
A financial consortium has opened preliminary talks with Turkish officials for the establishment of foreign direct investment (FDI) in hydrogen fuel cell technology and projects supporting the implementation of hydrogen fuel cells, powering commercial shipping and other strategic uses.
Equinor cleared to deploy Transocean rig for well workover
Equinor has received consent from Norway’s safety regulator to use one of Transocean’s rigs for well workover on a field in the Norwegian Sea.
Fugro gets to work on East Anglia Hub
Fugro has secured a contract with ScottishPower Renewables to carry out UXO geophysical surveys within the East Anglia Hub offshore wind area in the southern North Sea. The start of the activities is 20 July, with all operations expected to be concluded by 31 October at the site offshore Lowestoft t
Subsea inspection on schedule at Irish gas field
Vermilion Exploration & Production Ireland is about to commence pipeline and subsea structure inspection at the Corrib gas field. The works are part of a maintenance campaign and are expected to begin in field on approximately 14 August and take up to 21 days, weather dependent. The vessel EDT Jane,
Exmar sells Tango FLNG to Eni
Belgian shipping company Exmar has signed an agreement with Italian oil and gas company Eni for the sale of Tango FLNG.
Equinor files key document ahead of plans to invest billions in UK oil and gas project
Equinor has filed an ES related to the development of its Rosebank oil field located West of Shetland to the UK authorities
Scottish marine energy firm hits fundraising target in two days
Edinburgh-based marine energy firm QED Naval has reached the target of its latest fundraising campaign in just two days.
Sval Energi moves to buy Suncor’s Norwegian assets
Sval Energi is buying Suncor Energy’s Norwegian business in a bid to expand its portfolio and workforce as part of its growth strategy.
Date set for Baltic Pipe opening ceremony
Polish gas transmission system operator GAZ-SYSTEM will hold the opening ceremony for the Baltic Pipe project on 27 September. The announcement comes as the technical commissioning of all three gas compressor stations that will distribute gas imported from the Norwegian Shelf in Poland has been comp
Aker BP receives the all-clear to use Maersk rig in North Sea
Aker BP has received consent from Norway’s regulator to use one of Maersk Drilling’s rigs for well intervention work on a North sea field.
UK’s oil & gas decom cost forecasts drop to around $54 billion
UK’s NSTA says the decommissioning cost estimate on the UKCS has dropped 25 per cent to £44.5 billion (about $54.2 billion).
New tower at Nexans’ Halden factory stands tall
Nexans has completed the construction of the new XLPE insulation tower at its subsea cable factory in Halden, Norway. Nexans began the expansion of the Halden factory about two months ago and after 69 days the raising of the tower is completed, the company said. The tower is 152.89 meters tall, whic
Alfa Laval adds BunkerMetric to its acquisitions list
Swedish sustainable solutions provider Alfa Laval has signed an agreement to acquire BunkerMetric, a Scandinavian software company that develops advanced decision support tools for marine bunker vessels. According to Alfa Laval, the acquisition is part of the strategy to expand its digital marine se
FPSO gets a new name ahead of floating wind electrification
DNeX, via Ping Petroleum, has renamed its recently acquired FPSO, which will be one of the UK’s first wind-powered oil and gas facilities.