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Business & Finance

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A North Sea platform
Business & Finance

North Sea green shift at play: Dutch gas platform plugs into German offshore wind power

The Netherlands-based exploration and production player ONE-Dyas, together with its partners EBN and Tenaz Energy, has tucked a new decarbonization milestone under its belt by breathing life into the first natural gas production platform in the Dutch and German sectors of the North Sea to run on off

about 10 months ago
FSRU Toscana; Source: OLT Offshore LNG Toscana
Business & Finance

Snam moves to take over partner’s stake in Italy’s FSRU

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Snam has taken a step to buy the stake its partner, Igneo Infrastructure Partners, holds in Italy’s floating regasification terminal operator, OLT Offshore LNG Toscana, which runs a floating storage and regasification unit (FSRU) moored off the coast of Livorno.

about 10 months ago
Global Marine Group to update fleet with Solstad construction support vessel
Business & Finance

Global Marine Group to update fleet with Solstad construction support vessel

UK-headquartered Global Marine Group is acquiring a Solstad Maritime (SOMA) construction support vessel (CSV) that has been supporting company operations since 2020. SOMA announced today, December 12, that Global Marine Group, the current charterer of CSV Normand Clipper, has declared its purchase o

about 10 months ago
Catcher FPSO
Business & Finance

Oil & gas asset consolidation in full swing in UK North Sea: Harbour makes a play for Waldorf

London-listed oil and gas company Harbour Energy has taken a step to bring into its fold all subsidiaries of Waldorf Energy Partners Limited (WEPL) and Waldorf Production Limited (WPL), currently in administration, for $170 million. This move will bolster Harbour’s portfolio in the UK sector of the

about 10 months ago
Tyne Renewable Quay 11.7ha development site is part of the Tyne Clean Energy Park; Source: Port of Tyne
Business & Finance

Methanol and shore power recipe to unlock Newcastle – Amsterdam green shipping corridor

Given the growing zest for specific routes where vessels employ low-emission propulsion, a new study has assessed the technical and commercial feasibility of introducing a green shipping corridor between Newcastle and Amsterdam.

about 10 months ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

OMV Petrom continues its multi-well drilling program with Transocean rig in Black Sea

OMV Petrom, Romania-headquartered affiliate of Austria’s OMV, has provided insight into its drilling plans in the Romanian sector of the Black Sea, where several wells remain on the list to be drilled using a semi-submersible rig owned by Transocean.

about 10 months ago
Sumitomo confirmed subsea cable supplier for UK electricity connection
Business & Finance

Sumitomo confirmed subsea cable supplier for UK electricity connection

Japanese Sumitomo Electric Industries has officially been contracted to supply and install 140 kilometers of subsea cable for a new high-voltage direct current (HVDC) electricity connection between Kent and Suffolk in the UK, after having the preferred bidder status since July. The contract secured

about 10 months ago
First demo to unite tidal power, battery storage and hydrogen completes in Scotland
Business & Finance

First demo to unite tidal power, battery storage and hydrogen completes in Scotland

A demonstration combining tidal power, battery storage, and hydrogen production has been completed in Scotland, marking what is said to be the first time these three technologies have been integrated into a single energy system. The demonstration integrated Orbital Marine Power’s O2 tidal turbine, v

about 10 months ago
FPSO Aoka Mizu; Source: Serica
Business & Finance

Serica brings another multimillion-dollar oil & gas acquisition to a close in UK

UK-based upstream oil and gas player Serica Energy has completed the acquisition of Prax Upstream, a subsidiary of compatriot Prax Exploration & Production, expanding its hydrocarbon portfolio on the UK Continental Shelf (UKCS).

about 10 months ago
DeepOcean to keep providing subsea IMR services to Equinor until 2035
Business & Finance

DeepOcean to keep providing subsea IMR services to Equinor until 2035

Norway’s state-owned oil & gas company Equinor and compatriot ocean services provider DeepOcean have agreed on an extension of their existing frame agreement for subsea inspection, maintenance, and repair (IMR) services, taking their collaboration to 30 years. DeepOcean will deploy specialized IMR v

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

$400 million going into subsea tie-back to huge Barents Sea oil project

Three Norwegian oil and gas players – Equinor, Vår Energi, and Petoro – have set their caps on augmenting the production from a giant oil field that came online eight months ago in the Barents Sea by adding what will become the first subsea tie-back to the project, said to be the newest oil producti

about 10 months ago
Northern Lights; Source: Northern Lights JV
Business & Finance

Shell, Equinor, TotalEnergies issue first Northern Lights CO2 storage certificates

The Northern Lights joint venture (JV), encompassing oil majors Shell, Equinor, and TotalEnergies, has issued the first storage certificates for CO2 permanently stored in the Aurora reservoir in the North Sea, documenting the quantities of CO2 transported and stored. The first CO2 volumes were trans

about 10 months ago
Orbital Marine Power gets €8M investment boost for tidal energy development
Business & Finance

Orbital Marine Power gets €8M investment boost for tidal energy development

Scottish renewable energy company Orbital Marine Power has secured a £7 million (around €8 million) investment to support its international commercial tidal stream projects, following new tidal energy licenses in Canada. Venture-focused investment firm PXN Ventures, the combined VC arm of Praetura V

about 10 months ago
Seismic reimagining program offshore Angola to back upcoming licensing round
Business & Finance

Seismic reimagining program offshore Angola to back upcoming licensing round

A new seismic reimagining program is scheduled to be performed over Angola’s offshore Block 22 in support of the country’s upcoming licensing round. French geophysical services company Viridien, formerly CGG, announced today, December 10, a new multi-client seismic reimaging program over Angola’s “h

about 10 months ago