The way to secure the funds to complete the operation in full hangs in the air with around $20 million still missing.
Global Petroleum Limited has received the green light to proceed to the first renewal period (FRP) of Walvis Basin licence PEL 94.
Portsmouth International Port has completed the installation of its new solar and battery system which is now fully operational. The system is comprised of 2,660 solar panels, providing an impressive 35% of the site’s electricity, enabling the port to move one step closer to becoming one of the UK’s
Equinor has secured a drilling permit from the country’s authorities for an exploration well in the North Sea off Norway.
The Danish Energy Agency has postponed the second tender round for the award of offshore CO2 storage licenses in the North Sea. The tender was set to open on 15 August according to the executive order on CO2 storage license tenders. In line with the Agreement on the framework for CO2 storage in Denm
Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States slipped down a notch last week.
South Korea’s shipbuilding prowess has once again taken the spotlight as it recaptured the top spot in global shipbuilding orders after a five-month hiatus. South Korean shipyards secured 44 percent of the global total of 3.33 million compensated gross tons (CGTs), accounting for orders totaling 1.4
Saipem is on a roll, as it lined up its second batch of contracts in two days and its third one since the start of this month.
Noble reached a new milestone in the fleetwide rollout of Energy Efficiency Insights (EEI), which is now available on 20 rigs in its fleet.
Scottish marine energy company QED Naval has established an operations base on the UK’s South Coast with the aim of pursuing tidal resources in the area. QED, as part of its EU Interreg Tiger Project, established an operations base at Langstone Harbour, near Portsmouth, to tap into what it says are
Jadestone Energy has found the location of a small defect after it temporarily shut in production from an FPSO off Australia.
Argeo Robotics has secured a new patent from the Norwegian Industrial Patent Office (Patentstyret), this time for a subsea electromagnetic remote-sensing system for detecting buried objects below the seafloor. The patent protects Argeo’s exclusive services with the Argeo Whisper system for detecting
After 23 years as Chief Executive Officer, Niels G. Stolt-Nielsen will step down from his role as CEO of Stolt-Nielsen, a Norwegian company specializing in chemical and bulk liquid transportation and storage, on September 1, 2023. He will be succeeded as CEO by Udo Lange and will assume the role of
Norwegian offshore safety regulator has carried out an audit of Transocean Services and its processes for following up certification and recertification of drilling blowout preventers (BOPs) with control functions.
