Business & Finance
Equinor spuds ‘one of the largest gas prospects in Norway in 2022’
Equinor has started drilling a wildcat well, located in the North Sea offshore Norway, using an Odfjell Drilling-owned rig.
NeuConnect selects key contractors, financial close in sight
The NeuConnect consortium has selected the contractors for cabling and converter station works for the first-ever energy link between the UK and Germany. Siemens Energy has been selected to supply the turnkey high-voltage direct current (HVDC) transmission system for the project and will build two c
Aker BP brings online North Sea project less than two years after first steel
Norwegian operator Aker BP and its partner Pandion Energy have started production from the Hod B in the southern North Sea offshore Norway.
Austrian player to furnish Aker BP’s new offshore platforms with remotely operated cranes
Aker BP has inked a deal with Palfinger for the provision of remotely operated cranes for its new offshore platforms in Norway.
In focus: Industry making strides on its journey to sustainable future
The current geopolitical crisis has been seen by many as a wake-up call and a nudge the world needed to pivot towards renewables, which are perceived as pillars of a net-zero future. In light of this, the offshore energy industry is putting the wheels into motion to step up decarbonisation as the wo
Euronav-Frontline merger could reap multiple benefits of energy transition
Norwegian tanker owner and operator Frontline and its Belgium-based counterpart Euronav have decided to pursue a merger, creating a global leader in the oil tanker industry.
North Sea appraisal well on the horizon for Neptune
Oil and gas company Neptune Energy is preparing to drill an appraisal well located in the North Sea offshore Norway.
Boulder removal services wanted for Ostwind 3
German offshore transmission system operator (TSO) 50Hertz has issued a tender seeking boulder removal services on the cable route of the Ostwind 3 project. The contract covers, but is not limited to, the provision and operation of all assets necessary for the works, removal of boulders, and reporti
Siem Spearfish going to the UK after Gulf of Mexico job
Norway’s Siem Offshore has entered into a contract with an undisclosed client for its offshore subsea construction vessel (OSCV) Siem Spearfish for work in the UK sector. The scope of work consists of walk-to-work (W2W) operations for accommodation support during a maintenance campaign. The contract
CoolCo completes all LNG carrier acquisitions from Golar LNG
The newly formed shipping company CoolCo has now completed all eight acquisitions of LNG carriers from Bermuda-based shipper Golar LNG.
Neptune to double gas output from North Sea field to meet Europe’s demand
Neptune Energy will double gas output from the Duva field in the North Sea to support increased supplies to the UK and Europe.
World’s first hydrogen-powered bulk carrier receives Enova funding
Egil Ulvan Rederi, Felleskjøpet AGRI and HeidelbergCement have received NOK 100 million in support from Enova to build the world’s first zero-emission bulk carrier.
Oil and gas to catapult global energy spending to record highs in 2022, Rystad says
Surging oil, gas and power prices together with the EU’s goals of becoming less dependent on Russian supplies and post-Covid-19 pandemic inflation will catapult global energy spending this year to $2.1 trillion, Rystad Energy research shows.
Ithaca Energy gains access to two of the largest undeveloped discoveries in UK North Sea
Ithaca Energy, owned by Israeli Delek, has reached an agreement to acquire Siccar Point Energy, the operator of the Cambo oil project.