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Business & Finance

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Prigorodnoye production complex at Sakhalin II project; Source: Gazprom
Business & Finance

EU draws the line on Russian gas with gradual ban from 2026, oil set to follow suit in 2027

Given its determination to shake off the shackles of dependence on Russian oil and gas imports, the European Union (EU) has decided to lay down the law on these fossil fuels by holding the line on the proposed gradual ban on imports of pipeline gas and liquefied natural gas (LNG) from next year, wit

about 10 months ago
Tekmar wins €8 million contract for ‘major’ UK offshore wind farm
Business & Finance
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Tekmar wins €8 million contract for ‘major’ UK offshore wind farm

UK-headquartered Tekmar Group has secured a contract worth over €8 million with an existing engineering, procurement and construction (EPC) customer for its cable protection system (CPS) to be deployed at a UK offshore wind farm. Tekmar will deliver its 10th-generation CPS and associated ancillaries

about 10 months ago
Noble Resolute; Source: Noble Corporation
Business & Finance

Noble, Borr Drilling, and ADES jack-up rig trio hard at work in Dutch North Sea

Three jack-up rigs, owned by Noble Corporation, ADES (former Shelf Drilling), and Borr Drilling, are carrying out oil and gas drilling activities in the Dutch sector of the North Sea (DNS) for Canada’s Tenaz Energy, the Netherlands-based ONE-Dyas, and Italy’s Eni.

about 10 months ago
Wave and tidal energy to reach $1.85B by 2032, commercial deployment by 2031, report finds
Business & Finance

Wave and tidal energy to reach $1.85B by 2032, commercial deployment by 2031, report finds

The wave and tidal energy market is projected to grow to $1.85 billion by 2032, with ocean-based renewable power expected to move beyond pilot installations and enter early commercial deployment by 2031, according to a report by market research firm DataM Intelligence. The global wave and tidal ener

about 10 months ago
An offshore platform being approached by a small vessel
Business & Finance

Ithaca books Prosafe vessel for North Sea gig in 2027

Prosafe, an Oslo Stock Exchange-listed semi-submersible accommodation vessel owner and operator, has won a letter of award (LoI) with North Sea-focused Ithaca Energy for one of its flotels.

about 10 months ago
Nexans to supply cable accessories for East Anglia Three offshore wind farm
Business & Finance

Nexans to supply cable accessories for East Anglia Three offshore wind farm

ScottishPower Renewables has selected Nexans as the supplier of 66 kV accessories for the East Anglia Three offshore wind project in the UK. Under the contract, Nexans will deliver T-connectors, bushings, junction boxes and cable lugs, and pre-terminated power cables, which the company says are all

about 10 months ago
VARD sets up strategic partnership with Norwegian research institute
Business & Finance

VARD sets up strategic partnership with Norwegian research institute

Norwegian shipbuilder VARD, a subsidiary of Italian shipbuilding company Fincantieri, has signed a memorandum of understanding (MoU) with Norwegian research institute NORCE to cooperate on research and innovation related to subsea technology, among other things. The strategic partnership will be foc

about 10 months ago
Meg O’Neill leaving Woodside to serve as next CEO of BP; Courtesy of BP
Business & Finance

Woodside’s CEO steps down to take the reins at BP

UK-headquartered energy giant BP has revealed changes to its leadership team as its current Chief Executive Officer (CEO) resigns from the role, which will be handed over to an interim one until the current CEO of Australia’s energy giant Woodside wraps her current job and can take over the same rol

about 10 months ago
Denmark grants its first-ever approval for CO2 storage facility
Business & Finance

Denmark grants its first-ever approval for CO2 storage facility

Denmark has issued its first-ever approval for a full-scale CO2 storage facility, clearing the Greensand Future project to store CO2 in the Nini West field in the North Sea. The Danish Energy Agency reported today, December 18, that the licensees behind Greensand Future, INEOS E&P, Harbour Energy an

about 10 months ago
Courtesy of DNO
Business & Finance

Shell and ExxonMobil strike North Sea oil offtake deals with DNO

DNO, a Norwegian oil and gas operator, has secured oil offtake agreements with subsidiaries of U.S.-headquartered ExxonMobil and the UK-based Shell.

about 10 months ago
Spain: Record 22-meter suction sail installed on cargo vessel
Business & Finance

Spain: Record 22-meter suction sail installed on general cargo vessel (Video)

Spanish bound4blue has completed the installation of what it says is the largest suction sail ever fitted to a general cargo vessel for Dutch shipping company Amasus. Bound4blue and Amasus Shipping completed the installation of a 22-meter eSAIL on the general cargo vessel Fluvius Tavy at Astander Sh

about 10 months ago
Dorian LPG takes over newbuild dual-fuel LPG and ammonia gas carrier
Business & Finance

Duo pooling resources to breathe life into Europe’s largest clean ammonia project

Proton Ventures, a Dutch player in the clean ammonia arena, has established a new development company with Norway’s independent clean energy company Barents Blue, previously a subsidiary of Horisont Energi, to bring to life a clean ammonia project, said to be Europe’s largest clean ammonia productio

about 10 months ago
FPSO Jotun; Source: Vår Energi
Business & Finance

Fifth chapter of North Sea oil project’s book now online

Vår Energi, a Norwegian oil and gas operator, has put into production mode another addition to an oil project in the North Sea off the coast of Norway.

about 10 months ago
DeepOcean and Vår Energi shake hands for five-year subsea IMR services
Business & Finance

DeepOcean and Vår Energi shake hands for five-year subsea IMR services

Norwegian ocean services provider DeepOcean and Norway’s oil & gas player Vår Energi have extended their decade-long subsea collaboration by signing a new long-term inspection, maintenance and repair (IMR) frame agreement. DeepOcean’s scope includes subsea work across all Vår Energi’s operated asset

about 10 months ago