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Business & Finance

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Construction milestone at NeuConnect as UK and Germany set up energy and climate partnership
Business & Finance

Construction milestone at NeuConnect as UK and Germany set up energy and climate partnership

The first phase of UK construction has been completed for the first-ever energy link between the UK and Germany, keeping the project on track. The construction milestone comes as NeuConnect Chair Julia Prescot joined the signing of a new UK-Germany Joint Declaration of Cooperation on Energy and Clim

about 3 years ago
Nokia firm delivers subsea tech for Equinor's oil project
Business & Finance
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Nokia firm delivers subsea tech for Equinor’s oil project

Alcatel Submarine Networks (ASN), part of Nokia, has delivered subsea control cable infrastructure for an Equinor-operated field recently brought on stream. ASN has supplied, installed, and pre-commissioned DC/FO subsea control cable infrastructure, which provides high electrical power and fiber con

about 3 years ago
Barossa concept; Source: Santos
Business & Finance

Australian giant gas project facing potential delays due to court injunction

Santos is being prevented from continuing its planned work on the Barossa gas field development project offshore Australia due to an interim injunction.

about 3 years ago
Construction begins on Ireland-France interconnector
Business & Finance

Construction begins on Ireland-France interconnector

Construction works have commenced on the Celtic Interconnector that will link Ireland and France. The project is being developed by the Irish transmission system operator (TSO) EirGrid and its French counterpart Réseau de Transport d’Electricité (RTE). EirGrid reported today, November 3, that constr

about 3 years ago
Deepwater Atlas drillship (for illustration purposes); Source: Transocean
Business & Finance

International offshore rig count slips down a few more notches

With the number of offshore rigs on a downward trajectory, Baker Hughes’ international rig count report shows five units less in October 2023 than the month before

about 3 years ago
Darren Woods, ExxonMobil's CEO; Source: ExxonMobil
Business & Finance

Additional CO2 pipeline network positions ExxonMobil’s low-carbon business for ‘profitable growth’

ExxonMobil has wrapped up the acquisition of Denbury and expanded its low-carbon business and CO2 pipeline network in the United States.

about 3 years ago
Mitsui & Co. invests in Arctic LNG 2 operating company
Business & Finance

Mitsui & Co. invests in Arctic LNG 2 operating company

Mitsui & Co., through Japan Arctic LNG (J-Arc), has invested in Arctic LNG 2 LLC, the operating company for the Arctic LNG 2 project in Russia. Japan Arctic LNG is a Dutch corporation 75% owned by Japan Organization for Metals and Energy Security (JOGMEC) and 25% owned by Mitsui. On November 2, the

about 3 years ago
CorPower Ocean's C4 wave energy device (Courtesy of CorPower Ocean)
Business & Finance

DNV issues quality certification to Swedish wave energy company

Wave energy technology developer CorPower Ocean has received ISO 9001 certification through DNV – one of the leading global providers of accredited management systems certification and training.

about 3 years ago
Ex-platform supplier ready for subsea operations
Business & Finance

Ex-platform supplier ready for subsea operations

Wagenborg Offshore has taken into service a subsea support vessel following the conversion from a platform supply vessel (PSV). The Kingsborg subsea support vessel is custom-made and specialized to support subsea activities and decommissioning works in the southern North Sea in a long-term agreement

about 3 years ago
Illustration. Source: BOEM
Business & Finance

Gulf of Mexico oil & gas lease sale put off again until court decision comes

BOEM has delayed the next offshore oil and gas lease sale for acreage in the Gulf of Mexico, pending further direction from the court.

about 3 years ago
Oseberg C; Credit: Øyvind Hagen/Equinor
Business & Finance

Fresh North Sea oil & gas discovery enriches Norwegian field’s hydrocarbon arsenal

Norwegian state-owned energy giant Equinor has made a new oil and gas discovery in the North Sea off Norway.

about 3 years ago
Prelude; Source: Shell
Business & Finance

Buffeted by market volatility, Shell’s profit slumps but overall performance remains ‘strong’

Shell has joined its peers in posting solid operating and financial performance for the third quarter of 2023.

13 minutes read
Yara Eyde
Business & Finance

‘World’s 1st’ ammonia-powered containership set to debut in 2026, Yara says

Yara Eyde, which has been described as the world’s first containership to be powered by pure ammonia as fuel, is scheduled to enter the market in 2026, according to its developers. The vessel is being developed by ammonia producer and shipowner Yara Clean Ammonia and the Norwegian container operator

about 3 years ago
Valaris 249 jack-up rig; Source: Valaris
Business & Finance

Nine Valaris rigs snap up multi-million drilling gigs with oil & gas giants, pushing total backlog to $3.2 billion

Valaris has secured a plethora of new contracts and extensions for four floaters and five jack-ups in its rig fleet with TotalEnergies, Petrobras, ExxonMobil, Eni, BP, TAQA, and Perenco.

about 3 years ago