Business & Finance
Following restart, IOG working to double North Sea gas project output
IOG is looking forward to doubling the output at its North Sea gas project, after restoring the production following modifications.
Safe Bulkers continues fleet renewal with two energy-efficient ships
Dry bulk shipping company Safe Bulkers has entered into an agreement for the acquisition of two energy-efficient Kamsarmax class vessels as part of its fleet renewal strategy. The company has ordered two 82,500 dwt dry bulk newbuilds from an undisclosed Chinese shipyard, scheduled for delivery withi
Aker BP hits minor oil and gas find in North Sea
Norwegian oil and gas company Aker BP has made a minor gas and oil discovery near the Valhall field in the North Sea off Norway.
Snam buys 5 bcm Golar Tundra FSRU for $350 million
Snam is to acquire a floating storage and regasification unit (FSRU) Golar Tundra for $350 million from Bermuda-based LNG shipper Golar.
G7 countries to end public funding for international fossil fuels projects
The G7 countries have pledged to end direct international public financing of the fossil fuels sector starting from the end of this year.
EU to ban majority of Russian oil imports by year-end
The European Union leaders have decided to ban almost 90 per cent of Russian oil by the end of the year following an agreement on the sixth round of sanctions against Russia.
Eco Wave Power gets OK to delist from Nasdaq First North
Eco Wave Power has received approval from Nasdaq First North Growth Market Sweden for the delisting of its common shares, as part of the move to shift its focus on the U.S. market.
Software company to help BW Energy manage carbon emissions in new oilfield developments
BW Energy has engaged the services of IFS to support its growth strategy, deliver operational efficiencies, and limit emissions.
Another seismic firm joins UK carbon capture, utilisation and storage project
BP, on behalf of the Northern Endurance Partnership (NEP), has awarded Shearwater GeoServices with a contract for geophysical data processing and imaging to advance the East Coast Cluster carbon capture, utilisation and storage (CCUS) project. Shearwater’s UK Processing & Imaging centre will execute
New CFO taking the reins at Prosafe
Prosafe has now brought its search for a new CFO to an end and hired a new one, who will take over the role in a couple of months.
After booking Petrofac as operator, UK player to use Stena rig for North Sea well
i3 Energy has inked a deal with Petrofac for the drilling of an appraisal well in the UK North Sea with a Stena Drilling-owned rig.
ConocoPhillips curbs resource estimate for Norwegian oil discovery
ConocoPhillips has delineated its Slagugle oil discovery located in the Norwegian Sea, constraining the recoverable hydrocarbon volume of the main segment.
Neptune Energy gets green light for drilling in North Sea
Norwegian regulator has granted Neptune Energy consent for exploration drilling in the North Sea, using the Deepsea Yantai rig.
Pioneering Spirit vessel removes North Sea platform topsides
Allseas’ Pioneering Spirit vessel has removed the Gyda platform topsides from the North Sea, preparing it for recycling and disposal.