Business & Finance
Ashtead completes subsea monitoring gig for Havfram
Ashtead Technology has provided its Autonomous Structure Monitoring Systems, integrated with LUMA optical modems, to complete an underwater installation monitoring work scope for Havfram in the Norwegian North Sea. The scope included the provision of ten Autonomous Structure Monitoring Systems, two
Offshore wind, hydrogen part of Shell’s £25 billion UK investment plan
Shell plans to invest up to £25 billion (approximately €30 billion) in the UK energy system over the next ten years, with offshore wind being one of the main areas the oil and gas giant has set its sights on in the UK. The company said via a social media post it planned to pour […]
Hurricane and Bluewater agree on charter extension for Aoka Mizu FPSO
Hurricane Energy has signed a contract with Bluewater, the owner of the Aoka Mizu FPSO, for an extension to the bareboat charter.
In focus: Europe goes all in to ensure energy security and net-zero future
In the light of Russia’s attack on Ukraine, Europe has intensified efforts on all fronts to ensure its energy security and shift away from global dominance of fossil fuels.
U.S. and EU seal the deal for LNG supply as Europe seeks to cut Russian energy ties
The U.S. will supply 15 bcm of LNG to the EU this year to strengthen European energy security and reduce reliance on Russian energy.
Modus, Ashtead ink survey and inspection equipment deal
Subsea services contractor Modus has signed a technical services agreement with Ashtead Technology for the provision of survey and inspection equipment.
Saipem board adopts rescue plan with $2.2 bln capital increase in sight
The board of directors of Saipem has approved a rescue plan to strengthen the company’s financial and capital structure.
North Sea player doubles its interest in Catcher field
Waldorf is buying the entire UK business of Hungary’s MOL, which will see it double its staek in the North Sea’s Greater Catcher Area.
Following EnQuest exit, CFO to take the same role at Tullow
Tullow Oil has revealed it will be getting a new Chief Financial Officer later this year by hiring the current CFO of EnQuest for the role.
Dutch bank to curb financing for oil & gas projects while pushing for renewables
Dutch bank ING has decided to step up its renewable energy efforts and restricts financing for new oil & gas fields.
Energean hires Halliburton to gauge carbon storage potential in Prinos area
Energean has selected Halliburton for a subsurface study to evaluate the carbon capture and storage (CCS) potential of a basin in Greece.
Prysmian launches Leonardo da Vinci, reveals €1B investment plan for energy transition
Italian cabling giant has inaugurated Leonardo da Vinci, the world’s largest cable-laying vessel, and presented its €1 billion investment plan targeted at developing businesses that support the energy transition.
Japanese partners invest in another SBM Offshore FPSO
SBM Offshore has divested a minority interest in the FPSO Alexandre de Gusmão project to two Japanese partners.
Aker Carbon Capture and Microsoft to scale up CCUS value-chain with power of tech
Aker Carbon Capture and Microsoft have joined forces to combine their expertise in technology to accelerate the deployment of CCUS.