Business & Finance

BP to reduce carbon footprint of Shah Deniz platform through new power supply
A joint venture between KBR and SOCAR has been awarded a FEED contract by BP for the Shah Deniz Alpha platform in Azerbaijan.

Fresh five-year deal for Craig International in UK
Craig International has won a long-term deal in the UK sector of the North Sea with Ineos FPS, potentially valued at over £20 million.

Norwegian petroleum regulator’s director general steps down to join private sector
The Norwegian Petroleum Directorate (NPD) has revealed that its director general has tendered her resignation, effective immediately.

In focus: More green hydrogen projects gaining ground
Green hydrogen, often seen as a critical enabler of the global transition to sustainable energy and net zero emissions economies, continues to be a major subject of interest for the industry players worldwide. The recent surge in activity in the market is opening the door for new developments with o

Norway to endure as exploration hotspot in spite of area’s maturity and recent global events, says Westwood
Even though the NCS is one of the mature areas, Westwood expects that exploration activity will continue to thrive in Norway.

UK offshore wind pioneer buys two subsea services providers
UK offshore wind pioneer Venterra Group is acquiring two compatriot companies as part of its goal to build a service offering across the wind farm lifecycle, including engineer, build and support services. Venterra revealed it is buying Balltec, a provider of high-integrity connectors for subsea and

McDermott christens ultra-deepwater J-Lay vessel
McDermott has held the christening ceremony for its newly converted Amazon vessel in the Port of Rotterdam, the Netherlands.

As O&G share of MMO market goes down, renewables and low-carbon to take increasingly large slice of pie – Rystad
The oil and gas industry has dominated the MMO market but this is set to change, an analysis by Rystad Energy shows.

Equinor mulls options for building floating offshore wind farm to supply renewable power to North Sea fields
Equinor and its partners in the Troll and Oseberg offshore fields are looking into options for building a floating offshore wind farm.

SeaQurrent looking to strengthen TidalKite team
Dutch tidal energy company SeaQurrent is looking to strengthen its team in order to help develop and market its TidalKite technology.

Wärtsilä moves forward with smart port ecosystem vision
Wärtsilä Voyage, part of the Finnish technology group Wärtsilä, has decided to acquire PortLink Global, a Canada-based port solutions company.

Two specialists team up for North Sea deal with TotalEnergies
SPIE and NorSea have created a new consortium to secure a maintenance contract with TotalEnergies in the North Sea off Denmark.

Driven by the big ban, LNG growth and energy transition to pick up speed – WoodMac
War in Ukraine is transforming the outlook for the supply, demand, and price of hydrocarbons and the pace and cost of the energy transition, WoodMac says.

James Fisher completes IRM scope for NEO Energy, lands more work
James Fisher Subtech (JF Subtech) has completed a subsea inspection, repair and maintenance (IRM) scope for NEO Energy’s floating production storage and offloading (FPSO) vessel Global Producer III (GPIII) in the Balloch field in the Central North Sea. JF Subtech said its responsibility was to ensur