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Business & Finance

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Fugro Venturer; Source: Fugro
Business & Finance

Fugro’s survey enables Galp to embark on ‘sustainable and efficient’ energy ops off Namibia

Fugro has finished the fieldwork for an environmental and geophysical survey offshore Namibia, which was ordered by Galp.

about 2 years ago
Illustration/Mocean Energy’s Blue X wave energy device offshore Orkney (Courtesy of Mocean Energy/Photo by Colin Keldie)
Business & Finance

Mocean Energy steps up commercialization plans with new funding and investors on board

Scottish wave energy company Mocean Energy has raised €2.5 million in new equity, alongside €572,000 grant to drive the commercialization of its wave energy technologies, bringing Katapult Ocean and MOL Plus as new investors in the business.

about 2 years ago
Petrobras
Business & Finance

Petrobras makes changes to its oil & gas production and CAPEX guidance

Brazilian state-owned oil and gas giant Petrobras has revised its oil and gas production and CAPEX guidance for 2023.

about 2 years ago
NAGA 2 rig; Source: Velesto Energy
Business & Finance

Infill drilling campaign off Malaysia almost done, but four more wells may be on the cards

Jadestone, which is in the process of wrapping up its infill drilling program offshore Malaysia, is contemplating another four-well campaign.

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

UK firm lands North Sea deal with Neptune

Plexus Holdings has won a rental contract with Neptune Energy for a plug and abandonment (P&A) project in the UK sector of the North Sea.

about 2 years ago
FPSO Liza Unity; Credit: SBM Offshore
Business & Finance

ExxonMobil doles out $1.26 billion for FPSO operating off Guyana

ExxonMobil has paid around $1.26 billion to SBM Offshore for an FPSO, which is working off the coast of Guyana.

about 3 years ago
Prysmian
Business & Finance

With new orders of €13 billion in the bag, Prysmian pinpoints energy transition and electrification as growth drivers

Prysmian Group has revealed strong results for the first nine months of 2023, with new orders year-to-date amounting to approximately €13 billion.

about 3 years ago
Palfinger has been selected to equip the updated version of the DP3 cable laying vessel Nexans Aurora; Copyright: Skipsteknisk
Business & Finance

New Nexans cable layer getting ‘extensive’ equipment package from Palfinger

Palfinger has been hired to provide a comprehensive equipment package for Nexans Marine Operations’ new DP3 cable laying vessel (CLV).

about 3 years ago
Deep Wind Offshore Hy2gen green hydrogen offshore wind
Business & Finance

Deep Wind Offshore and Hy2gen form green hydrogen partnership

Deep Wind Offshore has joined forces with the hydrogen company Hy2gen to produce green hydrogen from offshore wind. “The combination of offshore wind and hydrogen has got massive potential. It is not possible to achieve net zero without green energy carriers, who will need a massive amount of renewa

about 3 years ago
Kingdom 1 jack-up rig; Source: ARO Drilling
Business & Finance

WATCH: ARO Drilling and IMI hold naming ceremony for first of 20 planned newbuild jack-up rigs

ARO Drilling and International Maritime Industries held a naming ceremony for the first Saudi-operated and manufactured offshore jack-up rig.

about 3 years ago
Damen
Business & Finance

Damen, Bawat strengthen ties in mobile BWMS

Damen Green Solutions and Bawat A/S have announced a new joint venture to develop and market “the world’s greenest” mobile BWMS.

about 3 years ago
Paul B. Loyd Jr. rig; Source: Transocean
Business & Finance

Dolphin Drilling gets UK safety case acceptance for rig being acquired from Transocean

Dolphin Drilling has received safety case acceptance from the UK Offshore Major Accident Regulator (OMAR) for a semi-submersible rig.

about 3 years ago
Noble Discoverer (former Maersk Discoverer) rig; Source: Noble Corp
Business & Finance

Well results showcase potential for standalone shallow oil development off Guyana

Well results off Guyana serve to further highlight the potential for a standalone shallow oil resource development across the block.

about 3 years ago
VNG plans to purchase clean ammonia from Horisont Energi’s Barents Blue plant
Business & Finance

VNG plans to purchase clean ammonia from Horisont Energi’s Barents Blue plant

German gas group VNG has signed a letter of intent (LoI) with Norwegian clean energy company Horisont Energi for the offtake of clean ammonia from the Barents Blue project in Hammerfest, Norway. As part of the LoI, VNG intends to purchase clean ammonia from Horisont Energy with an aim to make the am

about 3 years ago
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