Business & Finance
Reach Subsea preparing fleet for ‘strong market development’
Reach Subsea has entered into an agreement with Volstad Maritime for the use of the subsea vessel Deep Cygnus as an ‘important step in the long-term fleet planning strategy’. The agreement was signed for a period of four years, with an option to extend for one year. According to Reach Subsea’s CEO J
Oil & gas plays trump low-carbon investments in H1 2022, says WoodMac
Instead of the anticipated ramp-up of green investments, WoodMac, points out that pure oil plays still trump low-carbon diversification.
TAQA keeping all assets in its oil & gas portfolio, bar Dutch ones
Due to the current energy security concerns, TAQA has decided to keep its entire oil & gas portfolio, except for its Dutch upstream assets.
TGS makes its first renewable energy venture investment
Norwegian seismic player TGS has made its first renewable energy venture investment with the acquisition of an equity stake in NASH Renewables, a start-up developing Software-as-a-Service (SaaS) solutions for the prospecting, construction and operations of wind energy projects. Led by former Siemens
Saipem’s board endorses first sustainability plan with ‘challenging objectives’
Saipem’s first sustainability plan, combining business and financial objectives with ESG criteria, has been approved.
With TotalEnergies deal all done, firm expands presence in ‘one of the largest gas hubs in the UK’
Kistos has entered the UKCS thanks to the acquisition of TotalEnergies’ stakes in several gas fields located West of Shetland.
Green hydrogen for up to 40 vessels — Norway invests in climate-friendly future
Striving to maintain its position as one of the leading sustainable shipping nations, Norway is investing heavily in hydrogen projects within the maritime sector.
Amid high fossil fuel prices, renewable power saves around $55 bln, says IRENA
IRENA believes that renewables are crucial to breaking away from volatile fossil fuel prices and tackling energy security & climate change.
WoodMac: Seven giant oil players have what it takes to keep up output for 40-60 years
With two-thirds of global resources in their hands, seven NOCs own the lion’s share of remaining discovered oil & gas resources.
Geophysical studies wanted for French offshore wind cable routes
France’s transmission system operator (TSO) Réseau de Transport d’Electricité (RTE) has issued a tender seeking a contractor to carry out offshore geophysical studies on submarine cable routes of offshore wind farms. RTE is looking to conduct geophysical surveys along the submarine cables, approxima
Hugin AUVs bring over €43 million to Kongsberg
Kongsberg Maritime has secured more than NOK 450 million (around €43.7 million) in new contracts for its Hugin autonomous underwater vehicles (AUV). The Q2 2022 order income consists of a mix of recurring business with existing customers and new customers that will use the Hugin platform in their op
UK regulator to ring in the new year with new boss after current one steps down
UK’s NSTA has appointed a new Chief Executive, which will replace its current one, who is due to leave at the end of the year.
Gas leak forces key Norwegian hub into shutdown
A gas leak in a contained area related to a turbine on the Equinor-operated Sleipner A platform in Norway was reported on 11 July.
Neptune Energy extends collaboration with TechnipFMC
Oil and gas company Neptune Energy has awarded TechnipFMC with a new contract for the delivery of technical services in Norway. The Technical Service Agreement (TSA) builds on an existing contract that is said to have been optimised to fit Neptune’s future requirements. TechnipFMC will continue prov