Business & Finance
Equinor awards extensions worth over $1.3 bln to Norwegian suppliers
Equinor has extended agreements with Norwegian suppliers valued at over $1.3 billion for maintenance and modification services.
Higher oil & gas prices lift TotalEnergies profit
TotalEnergies saw its quarterly profit soar at the end of 2021 while returning to the black on a y-o-y basis driven by higher prices.
Aker BP to splash $400 million on exploration and drill 13 wells in 2022
Aker BP is planning to drill 13 exploration wells this year while also working to develop several projects in Norway, including a new Alvheim tieback.
Fincantieri, BNP Paribas sign €700M sustainability-linked guarantee facility
Italian shipbuilder Fincantieri and BNP Paribas Italy have finalized an agreement to turn the guarantee line for a maximum amount of €700 million (about $797M) granted by the bank into a sustainability-linked guarantee facility.
Surveys on Norfolk offshore wind farm extensions to start in March
Hydrographic and geophysical surveys are set to start on the proposed Sheringham Shoal and Dudgeon Extension offshore wind projects in March. The vessel Ocean Research is expected to begin the work around 1 March offshore the North Norfolk coast. Activities will continue for an estimated 120 days, e
Nexans goes greener with gas switch for high-voltage cables
Nexans High Voltage laboratory has carried out a 420 kV HVAC electrical type test with the use of g3 inside the termination, a gas said to have significantly reduced impact on the environment compared to the most commonly used SF6. According to Nexans, sulphur hexafluoride gas (SF6) has been extensi
Solstad offloads two more AHTS vessels
Solstad Offshore has sold two more of its anchor handling tug and supply (AHTS) vessels to a buyer, whose identity was not revealed.
University of Malta studying role of CO2 in offshore energy storage development
Researchers at the University of Malta have kicked off research to assess how the significant amounts of CO2 available from carbon capture and storage (CCS) facilities may support offshore energy storage systems co-located within the same footprint of wind farms. The Investigating the thermal perfor
ConocoPhillips set to deploy Prosafe unit at Norway’s first producing field
ConocoPhillips has received consent from a regulator to use one of Prosafe’s semi-submersible units at Norway’s first producing field.
OMV gets thumbs-up for Norwegian Sea ops
OMV has received consent from Norway’s offshore safety regulator for exploration drilling of a pilot hole in the Norwegian Sea.
Eni: UK industry shows outstanding interest in CO2 capture & storage project
Eni has signed 19 Memoranda of Understanding for carbon, capture & storage within the HyNet North West project in the UK.
2021 best-ever financial year for Reach Subsea
Norway’s Reach Subsea has reported 2021 as the best financial year in company history. This is said to be driven by high vessel utilization and project execution, as well as the purchase of OCTIO. In its latest financial report, Reach Subsea stated it also had its best-ever fourth quarter which saw
Maersk posts record earnings, further expands logistics portfolio
Danish container shipping and logistics giant A.P. Moller – Maersk has delivered record earnings for 2021 despite persistent supply chain disruptions.
Scots back enhanced subsea gas tieback project with £765k
Worley has secured £765,000 support from Scottish Enterprise for an enhanced subsea gas tieback project which is said to reduce operational CO2 emissions in gas fields by more than 90%. The funding will be used for full pre-production testing of Worley’s pseudo dry gas (PDG) liquid removal system wh