Business & Finance
FUELSAVE secures fresh funds to scale up production of retrofit solution
German cleantech provider FUELSAVE has secured €3.4 million ($4 million) in fresh funding to expand its team and scale up the production of its advanced combustion conditioning solution.
Neptune wraps up Dugong appraisal well testing
Neptune Energy has completed the formation and flow testing (DST) of an appraisal well on the Dugong discovery located offshore Norway.
Well Expertise deploys blockchain-backed smart contract network for Wellesley’s wells
Data Gumbo announced Well Expertise will deploy GumboNet across its well portfolio for frame agreements and well contracts with Wellesley.
Repsol Sinopec awards 14-well decom deal to Well-Safe
Repsol Sinopec has awarded a contract to Well-Safe for the decommissioning of 14 subsea wells in Hannay and Buchan fields.
SEA-KIT USV first to demonstrate hydrogen fuel cell technology
SEA-KIT International has secured funding to install a hydrogen fuel cell on its 12-metre unmanned surface vehicle (USV) Maxlimer, representing an industry first.
Minesto CEO nominated for 2021 Vi Maris Award
Martin Edlund, CEO of Swedish marine energy developer Minesto, has been nominated for the 2021 industry award Vi Maris. Vi Maris, meaning ‘Force of the Sea’, recognises individuals who have made outstanding contributions to the development of the ocean energy sector. According to Minesto, Edlund is
Lundin looking to sanction North Sea discoveries before end of 2022
Following successful completion of appraisal wells on the Lille Prinsen discovery, Lundin will now work to submit a PDO by the end of 2022.
DeepOcean inks subsea cable repair deal with Equinor
DeepOcean has secured a frame agreement contract by Equinor to provide contingency equipment and services for handling high-voltage subsea cables utilized for offshore renewables and oil and gas. The contract covers the provision of handling equipment and personnel for subsea high-voltage cable cont
SBM Offshore closes largest project financing in its history
SBM Offshore has completed the project financing of FPSO Sepetiba for a total of $1.6 billion, the largest project financing in its history.
Aker BP hands out first major contracts for North Sea development
Aker BP has awarded FEED contracts worth nearly NOK 700 million to alliance partners related to the development of NOA Fulla off Norway.
Norway’s mature areas licencing round attracts bids from 31 oil & gas players
The Norwegian Ministry of Petroleum and Energy has received applications from 31 companies in connection with the APA 2021 in Norway.
Longboat sees start of drilling ops on its first-ever exploration well
Vår Energi has started drilling the Rødhette exploration well, the first in a series of seven wells where Longboat Energy will participate.
Fire at IFA1 interconnector UK site
The UK National Grid today, 15 September, reported a fire at its IFA1 interconnector site in Sellindge, Kent, which has been evacuated.
TechnipFMC’s Dunfermline Campus rolls out 1,300th subsea tree
TechnipFMC’s Dunfermline Campus in the UK has achieved a milestone with the completion of its 1,300th subsea tree. The milestone subsea tree, completed on 14 September, is set for delivery to Equinor’s Snorre project offshore Norway. Since its opening in 1974, the facility has delivered XTs to 34 cu