Business & Finance
Hydrogen enjoying unprecedented momentum as one of the pillars in energy transition
Hydrogen, described as a game-changer, a holy grail, and a key pillar in the energy transition process, is enjoying unprecedented momentum.
Ocean Sun widens half-year loss
Norwegian floating solar specialist Ocean Sun has released financial results for the first half of 2021, showing an increase in net loss compared to the results posted a year before.
Germany invests in power-to-liquid fuels
Germany’s government has announced a funding call for the construction and operation of a development platform for power-to-liquid (PtL) fuels.
Equinor gets order from safety regulator over North Sea oil spill
Following an investigation into an oil spill in the North Sea, Equinor has been given an order from the country’s offshore safety regulator.
TGS, Magseis collaborating on offshore wind and CCS tech projects
TGS and Magseis Renewables are collaborating on two new technology pilot projects for carbon capture and storage (CCS) and offshore wind. The first project will use high-resolution 3D seismic acquisition in Norway at a carbon storage area to demonstrate technology for detailed imaging of the full se
Neptune kicks off production from Duva field off Norway
Oil and gas company Neptune Energy has started production from the Duva development in the Norwegian sector of the North Sea.
Wood gets first-ever government-backed green transition loan
Oilfield services company Wood has been awarded a first-ever government-backed green transition loan by UK Export Finance to seize new clean growth export opportunities.
HHLA wins funding for green hydrogen project
Germany-based port and transport logistics company Hamburger Hafen und Logistik AG (HHLA) is among a number of industry players that can now benefit from an additional €2.3 million ($2.7 million) to test new transportation technologies for green hydrogen.
Northern Drilling cancels drillship order from DSME
Billionaire John Fredriksen-owned offshore drilling firm Northern Drilling has cancelled a drillship resale contract with the South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME).
Minesto’s 2021 half-year finances in line with last year report
Swedish marine energy company Minesto has posted a slight decrease in net loss for the first half of 2021, compared to the same period a year earlier.
Maersk Drilling’s jack-up hired by Harbour Energy for UKCS work
UK-based oil and gas company Harbour Energy has hired Maersk Drilling’s jack-up rig Maersk Innovator to drill three subsea development wells in the North Sea.
Jersey sheds North Sea license duo unrelated to Greater Buchan Area
UK-based oil and gas firm Jersey Oil & Gas (JOG) has decided not to progress to the next license phase on two North Sea licenses since they are not part of the Greater Buchan Area project.
Wood expects $500 million worth of medium-term CCUS deals
Oilfield services company Wood believes there will be continued growth in the carbon capture utilization and storage market worth $500 million in potential medium-term CCUS projects.
Mobile Offshore Wind Units project secures Enova grant
Odfjell Oceanwind has secured a pre-project grant from Enova, Norway’s fund for climate and energy technologies, to mature its first commercial contracts for Mobile Offshore Wind Units (MOWUs) and WindGrid for the electrification of oil and gas installations. The grant is awarded under Enova’s full-