Business & Finance
Netherlands grants PosHYdon offshore green hydrogen project
The Dutch government has awarded €3.6 million ($4.2 million) to the PosHYdon project, the world’s first offshore green hydrogen pilot on a working platform.
Rival drillers eye Seadrill assets amid restructuring efforts
Rival offshore drilling contractors are reportedly looking to buy the assets of bankrupt Seadrill Limited, controlled by John Fredriksen.
Harbour Energy cuts guidance after electrical issues delay Tolmount first gas
Harbour Energy has had to lower its output guidance for 2021 as the first gas from its Tolmount field in the North Sea has been postponed.
What’s ahead for offshore energy workforce as the world strives for net-zero?
As the energy transition is accelerating across the offshore energy industry, a question arises: what will happen to its workforce?
Shell to appeal ‘historical’ Dutch court ruling on emissions cuts
Oil major Shell has confirmed it will appeal a ruling issued by a Dutch court ordering the energy company to accelerate its carbon emission reduction target.
BP and EnBW’s €11.65bn Scottish plan includes 2.9 GW of offshore wind, green hydrogen
After announcing their intention to bid in the ScotWind seabed leasing this May, British oil & gas major BP and German offshore wind developer EnBW have now detailed on their plan in Scotland, which encompasses more than offshore wind. With an investment of GBP 10 billion (around EUR 11.65 billion),
Italian cabling giant sets up net-zero target
Italian cabling giant Prysmian has set up a target to achieve net-zero for its global operations between 2035 and 2040, as well as for its value chain emissions by 2050. Prysmian announced the commitments as part of its new Climate Ambition and Social Ambition frameworks. In terms of Climate Ambitio
SEAMOR Marine and DroneQ Robotics team up for ROV solutions
Unmanned technology systems operator and integrator DroneQ Robotics has signed a partnership with Canadian remotely operated vehicle (ROV) developer SEAMOR Marine to boost ROV solutions.
PGS concludes CSEM technology sale
PGS has completed the sale of the hardware, software and intellectual property associated with its towed streamer Controlled Source Electro-Magnetic (CSEM) system to Ocean Floor Geophysics (OFG). The two parties signed an agreement in September 2020 under which OFG acquired the exclusive rights to u
IOG completes challenging Elgood well, but delays affect first gas timing
UK gas company IOG plc has achieved successful flow test results at its Elgood development well in the UK North Sea. However, the company has experienced mechanical challenges during drilling operations, which resulted in an extended duration. As a result, the first gas from IOG’s Core project has b
Taylor Maritime eyes up to 6 Handies with $75M capital raise
The UK-based dry bulk shipping company Taylor Maritime Investments is looking to acquire up to six Handysize vessels as it plans to raise $75 million via a proposed non pre-emptive placing of new ordinary shares.
OPEC & allies agree to boost output from August and phase out cuts in September 2022
OPEC and allies have agreed to increase oil production starting from August 2021 with plans to end production cuts by end of September 2022.
Activists occupy UK government building in protest against Cambo oil project
Activists have occupied a UK government building as part of a protest against the approval of Siccar Point’s Cambo offshore project.
Petrofac eliminates need for offshore surveys with digital process
Petrofac has collaborated with James Fisher Asset Information Services to eliminate the need for offshore surveys ahead of modifications.