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Business & Finance

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Illustration; Source: Equinor
Business & Finance

Equinor: Oil & gas activities bode well for Norway with ‘strong’ ripple effects bringing billions of dollars

Deliveries to exploration, operation, and modification of Equinor’s operated fields and onshore plants in Norway exceeded NOK 93 bln in 2022.

about 2 years ago
MMA Offshore going to Timor-Leste for decommissioning ops
Business & Finance

MMA Offshore going to Timor-Leste for decommissioning ops

MMA Offshore has secured a contract to deliver a range of subsea services in support of decommissioning activities in Timor-Leste. MMA announced that it had been awarded a contract by Timor Gap Drilling And Services, Unipessoal, LDA, a subsidiary of Timor Gap E.P., in association with Santos to prov

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about 2 years ago
Fieldwood Energy's Eugene Island Block 158, Platform #14; Source: BSEE
Business & Finance

US sheds light on probe into fatal Gulf of Mexico incident from 2021

BSEE has looked into circumstances surrounding a fatal incident aboard Fieldwood Energy’s platform in the Gulf of Mexico.

about 2 years ago
Illustration; Source: Technip Energies
Business & Finance

Technip Energies: Global deployment of CCS needed in all sectors as ‘essential’ piece of decarbonization puzzle

Which steps need to be taken to enhance the viability of CCUS as a decarbonization tool in the energy transition arsenal?

about 2 years ago
Campbell platform; Source: Santos
Business & Finance

McDermott lands new ‘sizeable’ decom gig offshore Australia

McDermott has secured a new engineering, procurement, removal, and disposal contract with Australia’s Santos, which comes with a value ranging between $1 million and $50 million.

about 2 years ago
Tersan Shipyard
Business & Finance

Tersan Shipyard finalizes takeover of Norway’s Havyard Leirvik

Turkish shipbuilding company Tersan Shipyard, part of Tersan Group, has completed the acquisition of Havyard Leirvik Shipyard, one of the group companies of Eqva ASA in Norway.

about 2 years ago
Oman LNG enters sales and purchase deal with BP
Business & Finance

Oman LNG enters sales and purchase deal with BP

Oman LNG has signed a sales and purchase agreement (SPA) with British energy giant BP for the supply of 1 million metric tonnes per annum (mtpa) of LNG. Oman LNG announced the signing of the agreement on November 21, stating that it sustains the company’s position as a reliable supplier while contri

about 2 years ago
Enersea delivers cable installation system for DEME's Viking Neptun
Business & Finance

Enersea delivers cable installation system for DEME’s Viking Neptun

Enersea has designed a modular next-level cable installation system (CIS) for DEME’s DP3 multipurpose installation vessel Viking Neptun. Enersea’s scope consisted of concept and detailed design along with fabrication, mobilization and site support. According to the company, the complete project was

about 2 years ago
PNG LNG; Source: ExxonMobil PNG
Business & Finance

Deal for ExxonMobil’s LNG project enables UK player’s first ‘long-term’ foray into Papua New Guinea

Altrad Sparrows has tucked under its belt a new contract for the provision of comprehensive crane maintenance services with ExxonMobil.

about 2 years ago
JDR’s new subsea cable factory hits several construction milestones
Business & Finance

JDR’s new subsea cable factory hits several construction milestones

JDR Cable Systems, part of the TFK Group, has achieved several milestones in the construction of its new £130 million subsea cable manufacturing facility in Cambois, near Blyth, Northumberland. The facility, set to expand the product offerings of JDR and TFKable, will produce high and extra-high vol

about 2 years ago
EU reaffirms CCS crucial to achieving climate targets
Business & Finance

EU earmarks €2.2 billion in hydrogen funding for spring 2024

The President of the European Commission (EC) Ursula von der Leyen has announced new investments into the hydrogen industry, including €2.2 billion worth of funding reserved for the spring of 2024. During a speech at the European Hydrogen Week 2023, via video message, von der Leyen said that the hyd

about 2 years ago
EverWind Fuels secures $125M federal govt support for Nova Scotia green energy hub
Business & Finance

EverWind Fuels secures $125M federal govt support for Nova Scotia green energy hub

EverWind Fuels, a North American developer of green hydrogen projects, has received development support from Canada’s federal government for the green energy hub being developed in Nova Scotia. On November 17, EverWind said it had reached an agreement in principle with Export Development Canada on t

about 2 years ago
Santos
Business & Finance

ADNOC and Santos embarking on carbon capture and storage with net zero at the heart of decarbonization quest

ADNOC has joined forces with Santos to pursue a pathway towards the potential development of a joint global carbon management platform.

about 2 years ago
Countdown begins: Offshore Energy Exhibition & Conference 2023 opens in one week
Business & Finance

Countdown begins: Offshore Energy Exhibition & Conference 2023 opens in one week

Industry giants, experts, policymakers, innovators and start-ups from the offshore energy sector will meet at the Offshore Energy Exhibition & Conference 2023 (OEEC 2023) in Amsterdam one week from now. The backdrop to two full days of discussions, insights and updates is the exhibition floor that w

about 2 years ago