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Business & Finance

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COSL Promoter; Source: COSL Drilling
Business & Finance

Equinor gets clearance to use COSL Drilling’s rig at North Sea field

Equinor its consent to use a COSL Drilling-owned semi-submersible rig for drilling activities at a field in the North Sea off Norway.

about 2 years ago
Darwin LNG terminal; Courtesy of Santos
Business & Finance

Australia’s energy future and natural gas: Will turning off the taps see greener sources rise to meet supply & demand void?

Natural gas, especially LNG, is touted as the linchpin of the energy future not just in Australia but also across the globe.

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about 2 years ago
Illustration; Courtesy of Center for International Environmental Law (CIEL)
Business & Finance

Report: Instead of emission silver bullet, offshore CCS rush deemed as fossil fuel extension cover-up

New report from the Center for International Environmental Law (CIEL) outlines that offshore CCS is not a solution to fossil fuel pollution.

about 2 years ago
After Belgium, Norway exploring options for hybrid interconnectors with two other countries
Business & Finance

After Belgium, Norway exploring options for hybrid interconnectors with two other countries

Just shortly after the announcement that it was investigating the feasibility of a hybrid interconnector between Belgium and Norway, news came in that the Norwegian transmission system operator (TSO) Statnett is exploring options for interconnectors with Denmark and Germany. Danish TSO Energinet rep

about 2 years ago
TKI Offshore Energy launches open innovation call for offshore hydrogen
Business & Finance

TKI Offshore Energy launches open innovation call for offshore hydrogen

TKI Offshore Energy, a part of Energy Innovation NL, has launched an open call with a total budget of €400,000 for innovation projects in the field of offshore hydrogen. As explained, the purpose of the open innovation call is to promote offshore hydrogen production and support companies and researc

about 2 years ago
Belgium and Norway looking into hybrid interconnector
Business & Finance

Belgium and Norway looking into hybrid interconnector

Belgian and Norwegian transmission system operators (TSOs) Elia and Statnett are investigating the economic and technical feasibility of a hybrid interconnector that would link the two countries. The subsea cable would link the high-voltage grids of the countries while also being connected to Norweg

about 2 years ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

Seven more wells lined up for Odfjell Drilling rig at North Sea field

Equinor has exercised options to drill additional wells with an Odfjell Drilling-owned rig, extending the rig’s backlog further and prolonging its stay on the Norwegian Continental Shelf (NCS).

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

Lawsuit case against Shell directors ends with court dismissal

A lawsuit against Shell’s board of directors has been thrown out of court, preventing ClientEarth from pursuing derivative action.

about 2 years ago
Chevron, Trafigura, and Crowley invest $8.75 million in US hydrogen tech company
Business & Finance

Chevron, Trafigura, and Crowley invest $8.75 million in US hydrogen tech company

Hydrogen technology company Zero Emission Industries (ZEI) has completed a $8.75 million Series A financing round led by Chevron New Energies, with participation from Trafigura and Crowley, to fund the rollout of its next-generation fully integrated marine power system. Formerly known as Golden Gate

about 2 years ago
Oceaneering secures first survey scope in Australia
Business & Finance

Oceaneering secures first survey scope in Australia

Oceaneering has secured an inspection, maintenance, and repair (IMR) and survey contract with a “major” Australian energy company, said to represent the company’s first survey scope in Australia. Oceaneering will mobilize in mid-November to carry out IMR and survey work scopes that include the provi

about 2 years ago
Illustration/The AR1500 tidal turbine for MeyGen project (Courtesy of SIMEC Atlantis)
Business & Finance

UK raises tidal energy strike price for next renewables auction

The UK government has increased the maximum price for tidal energy projects by 29% in its flagship renewables support scheme.

about 2 years ago
Rem Offshore vessels win contracts worth over $138 million
Business & Finance

Rem Offshore vessels win contracts worth over $138 million

Norway’s Rem Offshore has secured several long-term contracts for its vessels that have a total value of just over NOK 1.5 billion and are set to ensure high fleet utilization in the coming years. 2013-built subsea vessel Rem Inspector has been awarded contracts for work on offshore wind projects in

about 2 years ago
Deepsea Stavanger rig; Source: Odfjell Drilling
Business & Finance

Equinor preparing to embark on drilling ops in North Sea

Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.

about 2 years ago
air lubrication
Business & Finance

Are air lubrication systems both sustainable and profitable?

Throwing air lubrication systems into play as both sustainable and profitable ventures.

about 2 years ago