Business & Finance
Sevan’s cylindrical FPSO concept selected for Barents Sea project
Sevan SSP has revealed its concept was chosen for the Equinor-operated Wisting field development in the Barents Sea.
Oil & gas discoveries in 2021 to hit lowest level in 75 years, Rystad says
An analysis of oil and gas discoveries in 2021 by Rystad has revealed that discovered volumes are on track to hit lowest level in 75 years.
Eidesvik scores contract extension with Equinor
Eidesvik Offshore has secured a contract extension with the compatriot oil company, Equinor, for one of its platform supply vessels (PSVs).
ExxonMobil kicks off drilling operations offshore Cyprus
Oil major ExxonMobil has started drilling the Glaucus-2 appraisal well located in Block 10 offshore Cyprus.
Final Needs Case submitted for first Scotland-England subsea link
SSEN Transmission and the National Grid Electricity Transmission (NGET) have submitted a Final Needs Case (FNC) to Ofgem for the first of two subsea electricity transmission HVDC links that will connect Scotland and England. If the Final Needs Case is approved, it will be followed by the Project Ass
Fincantieri secures €300M sustainability-linked construction loan
Italian shipbuilder Fincantieri has signed the first sustainability-linked construction loan with compatriot banks Intesa Sanpaolo and Cassa Depositi e Prestiti (CDP) for a maximum amount of €300 million (around $340 million).
Equinor taps Blue Logic for subsea equipment
Blue Logic has signed a frame agreement with Equinor for the delivery of subsea docking stations, subsea equipment and services to the Norwegian energy giant. According to Blue Logic, Equinor has been an important customer and partner for the company in the process of developing the Universal Subsea
Repsol lifts 100,000 barrels from Yme field in North Sea
The first lifting of oil from the Repsol-operated Yme field in the North Sea has been completed following the field start-up in October 2021.
Aker Solutions firms up decommissioning award in Norway
Norwegian oilfield services provider Aker Solutions has formally signed a sizeable contract award with Heerema Marine Contractors.
Lukoil boasts production milestone at Caspian Sea field
Russian oil and gas giant Lukoil has produced over 30 million tonnes from the Vladimir Filanovsky field located in the Caspian Sea.
Plexus to deliver surface wellhead for new North Sea gas well
Plexus Holdings has secured a purchase order for a POS-GRIP surface production wellhead system for a “leading” North Sea operator.
Corallian files plan for West of Shetland gas discovery
Corallian Energy has filed its draft Field Development Plan for the Victory gas discovery off the Shetland Islands to the UK’s authorities.
TotalEnergies books Havila vessel in Denmark
Havila Shipping has been awarded a contract extension for one of its PSVs by the Danish subsidiary of the French oil major TotalEnergies.
Solstad investing in green tech to reach net-zero target
Over the next three years, Norwegian Solstad Offshore is planning to invest more than 300 million NOK (approximately $33.4 million) in battery hybrid conversion projects to achieve a 50% global fleet emission reduction by 2030.