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Business & Finance

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Mist rig; Source: Borr Drilling
Business & Finance

Multiple drilling ops on Canadian oil & gas firm’s agenda for 2024

Valeura Energy has outlined its plans for 2024, which entail a drilling program across multiple offshore fields in the Gulf of Thailand to boost production.

about 2 years ago
N-Sea's fleet to welcome yet another vessel
Business & Finance

N-Sea’s fleet to welcome yet another vessel

Another vessel is set to join N-Sea Group’s fleet as the company has chartered a 2016-built offshore support vessel for IRM, survey, UXO and cable operations. N-Sea has entered into an agreement with Rederij Groen to long-term charter the modern offshore support vessel Aquarius-G. With its length of

about 2 years ago
Snøhvit Future (illustration); Source: Equinor
Business & Finance

LNS picks up multi-billion deal for project designed to reinforce Norway’s gas supplier position

Equinor has hand-picked Leonhard Nilsen & Sønner (LNS), headquartered in Andøy in Nordland county, for work at its Snøhvit Future project.

about 2 years ago
Höegh Autoliners bags long-term deal with East Asian auto giant ahead of Aurora-class fleet debut
Business & Finance

Höegh Autoliners bags long-term deal with East Asian auto giant ahead of Aurora-class fleet debut

Oslo-based shipping company Höegh Autoliners ASA has revealed a new contract with a major East Asian car producer to transport cars, predominantly electric vehicles (EVs), from Asia to Europe. Valid until the conclusion of 2028, the agreement signifies a significant step for the company in the autom

about 2 years ago
IK Group makes 'giant leap' into Asian market with new contract
Business & Finance

Norwegian subsea company makes ‘giant leap’ into Asian market with new contract

Norwegian supplier of subsea products and services IK Group has secured a contract to deliver clamps to an oil & gas pipeline emergency repair base in China, said to mark a giant leap for the company into the Asian market. IK Subsea and its in-country partner PAG Subsea Technology (Guangzhou) have s

about 2 years ago
Illustration: Source: Wood Mackenzie
Business & Finance

WoodMac’s gas and LNG trends to watch in 2024

Aside from European gas prices being down 45%, Wood Mackenzie’s forecast indicates that flat global demand is on the horizon this year.

about 2 years ago
Clean Hydrogen Partnership issues €113.5M call for hydrogen projects
Business & Finance

Clean Hydrogen Partnership issues €113.5M call for hydrogen projects

Clean Hydrogen Partnership has launched a new hydrogen research call for proposals where a total of €113.5 million will be made available through Horizon Europe for projects to cover R&I activities across the whole hydrogen value chain. Furthermore, an additional €60 million, coming from the RePower

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

New cost estimation tool streamlines decision-making for oil & gas and offshore wind projects

FutureOn and Rystad have launched a digital tool that integrates up-to-date cost estimation with live project data for energy developments.

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

Shell sanctions North Sea tie-back to TotalEnergies’ UK gas hub

Shell has taken a final investment decision (FID) to develop a gas field in the UK sector of the North Sea.

about 2 years ago
Danish Shipping
Business & Finance

Industry titans Maersk and Hapag-Lloyd forge operational cooperation deal

Container shipping industry giants Hapag-Lloyd and Maersk have signed an agreement for a new long-term operational collaboration called ”Gemini Cooperation”, which will start in February 2025. “Teaming up with Maersk will help us to further boost the quality we deliver to our customers. Additionally

about 2 years ago
One of Shell-managed LNG carriers; Source: Shell
Business & Finance

Shell joins BP and numerous shipping giants in putting all Red Sea shipments on ice as vessel attacks escalate

Shell is the latest firm in a long line of companies, which decided to steer clear of the Red Sea shipping route in response to rising Houthi vessel attacks.

about 2 years ago
Offshore oil rigs in Southern California; Credit: Drew Bird Photography
Business & Finance

California teetering on the brink of ending offshore oil drilling, as bill triumphs over first legislative snag

Senator Dave Min’s bill to stop offshore oil drilling in California’s waters has now passed its first major legislative hurdle.

about 2 years ago
UK plans new 2 GW interconnector to ensure electricity transmission network is fit for future
Business & Finance

UK plans new 2 GW interconnector to ensure electricity transmission network is fit for future

A geophysical survey is currently underway at a new proposed HVDC interconnector in the UK that will reinforce the electricity network between Suffolk and Kent, contributing to the UK’s 2050 net-zero goal. The 2 GW Sea Link, developed by National Grid Electricity Transmission (NGET), will be approxi

about 2 years ago
Illustration; Source: Australian Energy Producers (former APPEA)
Business & Finance

Woodside contributes to Australia’s gas strategy consultation to tackle offshore regulatory gridlock

The Australian government’s consultation paper aims to come to grips with a brewing cauldron of uncertainty surrounding the offshore regulatory approvals system.

about 2 years ago
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