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Business & Finance

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Snohvit Future project (illustration); Source: Equinor
Business & Finance

Rise in costs to $1.98 billion among factors impacting Equinor’s low-emission gas project

Norwegian state-controlled energy giant Equinor has revealed an increase in costs for a project anticipated to strengthen Norway’s position as a reliable and long-term supplier of gas produced with very low greenhouse gas (GHG) emissions. The company explains that onshore compression is now expected

about 10 months ago
Minesto dismisses claim for damages received from former major shareholder
Business & Finance
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Minesto dismisses claim for damages received from former major shareholder

Swedish tidal energy developer Minesto has dismissed a claim for damages directed against the company from the former major shareholder BGA Invest as unfounded. The claim for damages is allegedly based on the board of directors’ resolution to allot shares to BGA in the company’s rights issue carried

about 10 months ago
Transocean Encourage rig; Source: Transocean
Business & Finance

Fresh oil and gas/condensate find comes to light offshore Norway

Equinor, a Norwegian state-owned oil and gas giant, has uncovered a new oil and gas/condensate discovery that enriches its hydrocarbon arsenal off the coast of Norway.

about 10 months ago
CMA CGM takes delivery of methanol dual-fueled container ship from Chinese shipyard
Business & Finance

CMA CGM takes delivery of methanol dual-fueled container ship from Chinese shipyard

Classification society Bureau Veritas Marine & Offshore (BV) has classed its first methanol dual-fueled container ship, a newbuild destined for French shipping and logistics giant CMA CGM Group. The 15,000 TEU methanol dual-fuel vessel, named CMA CGM ANTIGONE, was built by China’s CSSC Jiangnan Ship

about 10 months ago
PPF; Source: ConocoPhillips
Business & Finance

Poland’s Orlen strengthens its Norwegian oil & gas portfolio with acquisition wrap-up

Orlen Upstream Norway, a subsidiary of Poland’s Orlen, has brought into its fold the interests Norwegian oil and gas player DNO held in two fields off the coast of Norway.

about 10 months ago
DOF lands work in the Atlantic, secures multi-year North America contract with Shell
Business & Finance

DOF lands work in the Atlantic, secures multi-year North America contract with Shell

Norwegian vessel owner DOF Group has secured several new contracts in the Atlantic region, as well as a multi-year contract in the North America region for Shell. The contracts in the Atlantic region have a combined value of over $60 million, excluding optional work, and will be executed primarily u

about 10 months ago
Scarabeo 8; Source: Saipem
Business & Finance

Oil & gas operator keeping Saipem’s 2012-built rig busy into 2028

Italy’s engineering, drilling, and construction services giant Saipem has landed a third contract extension for its 13-year-old semi-submersible drilling rig with Aker BP, a Norwegian oil and gas player, for operations off the coast of Norway.

about 10 months ago
Subsea7 and Equinor extend IMR deal for 2013-built vessel
Business & Finance

Subsea7 and Equinor extend IMR deal for 2013-built vessel

Subsea7 and Equinor have agreed on an extension of their existing frame agreement covering subsea inspection, maintenance and repair services (IMR) delivered by a 2013-built subsea vessel. Under the terms of the extension of an agreement first signed in 2018, Seven Viking will carry out IMR services

about 10 months ago
Illustration; Source: Ocean Yield
Business & Finance

Ocean Yield and NYK Line pool resources on LNG vessel quartet with four more on the cards

Building on their previous ties, Norwegian shipowner Ocean Yield and Japan’s shipping giant Nippon Yusen Kabushiki Kaisha (NYK Line) have teamed up to split ownership in four liquefied natural gas (LNG) carriers that are yet to be constructed. However, available charter options could double the newb

about 10 months ago
Illustration; Source: Archer
Business & Finance

Archer staying on North Sea platform drilling and maintenance duty for three more years

Norway’s oil and gas player Aker BP has prolonged an assignment Oslo Stock Exchange-listed oil services company Archer is carrying out in the Norwegian sector of the North Sea.

about 10 months ago
Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild
Business & Finance

Three vessels to go as AtoB@C Shipping takes delivery of ninth plug-in hybrid newbuild

AtoB@C Shipping, a Sweden-based subsidiary of Finnish shipping company ESL Shipping, has taken delivery of the ninth vessel out of twelve plug-in hybrid coasters it has on order with shipbuilder Chowgule & Company. The vessel, which belongs to the Green Coaster series, has been named Fleximar and wa

about 10 months ago
Deepsea Aberdeen rig; Source: Odfjell Drilling
Business & Finance

Odfjell Drilling firms up 11-year-old rig’s multi-year gig in Norwegian waters

Odfjell Drilling, a 52-year-old offshore drilling player, has turned a letter of intent (LoI) into a new contract for its 2014-built semi-submersible rig, which will now be booked for work until the first quarter of 2029.

about 10 months ago
An offshore rig
Business & Finance

North Sea yields fresh gas and condensate discovery

Harbour Energy Norge, a subsidiary of London-listed oil and gas company Harbour Energy, has made a new gas and condensate discovery in the Norwegian sector of the North Sea, which was drilled with a semi-submersible rig owned by Transocean, an offshore drilling contractor.

about 10 months ago
Subsea7 to go offshore to recently sanctioned Norwegian oil redevelopment in 2027
Business & Finance

Subsea7 to go offshore to recently sanctioned Norwegian oil redevelopment in 2027

Subsea7 has secured a subsea engineering, procurement, construction and installation (EPCI) contract with ConocoPhillips Skandinavia for the Previously Produced Fields (PPF) development project offshore Norway. The EPCI scope covers subsea structures, umbilicals, risers and flowlines (SURF) and will

about 10 months ago