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Business & Finance

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Fossil EnergyOil & GasRigsBusiness Developments & ProjectsExploration & ProductionProject & TendersFPSO & VesselsClean FuelHydrogenOutlook & StrategyOffshore WindSubseaSurveys & InterventionsMarine EnergyTidal & Wave EnergyCollaborationEquipmentRegulation & PolicyResearch & DevelopmentTechnologyDecommissioningVesselsLNGCarbon Capture Usage & StorageWind Farms
Depsea Yantai rig; Source: Odfjell Drilling
Business & Finance

Norway adds ‘largest discovery’ in a decade to its hydrocarbon arsenal

Wellesley Petroleum has made a significant gas and condensate discovery in a prospect located in the North Sea.

about 3 years ago
FPSO FPF – 003; Source: Petrofac
Business & Finance

New upstream energy investment player snaps up three offshore production vessels

Samos Energy has completed its first acquisition by getting its hands on all shares of PetroFirst, a floating energy infrastructure owner.

about 3 years ago
thyssenkrupp’s hydrogen business receives €526 million boost
Business & Finance

thyssenkrupp’s hydrogen business receives €526 million boost

German-based engineering company thyssenkrupp has floated its hydrogen business thyssenkrupp nucera on the Frankfurt Stock Exchange (Prime Standard), supporting the company’s growth in the hydrogen market. Specifically, the gross proceeds from the IPO of around €526 million will go to thyssenkrupp n

about 3 years ago
Fugro to collect data off Norway needed for 'sustainable development of new marine industries'
Business & Finance

Fugro to collect data off Norway needed for ‘sustainable development of new marine industries’

Fugro has been appointed to carry out a hydrographic survey offshore Norway to collect datasets that are said to be essential for the sustainable development of new marine industries such as offshore wind. The contract is the latest in a series that Fugro secured with the Norwegian Hydrographic Serv

about 3 years ago
NAGA 3 rig; Source: Velesto Energy
Business & Finance

Velesto confirms ongoing drilling gig for jack-up rig

Velesto has secured work with an estimated combined contract value of $13 million for one of its jack-up rigs for drilling ops in Malaysia.

about 3 years ago
Karoon Energy
Business & Finance

Revised resource assessment at oil discovery off Brazil seen as ‘good step forward’

Australia’s oil and gas company Karoon Energy has updated its contingent resource estimates for a field offshore Brazil.

about 3 years ago
CWEI and HPE staff at the Phase 3 tank testing in Cantabria, Spain (Courtesy of Carnegie Clean Energy)
Business & Finance

Carnegie Clean Energy moves forward with EuropeWave project

Carnegie Clean Energy, through its wholly owned subsidiary CETO Wave Energy Ireland (CWEI), has applied to the tender for the third phase of EuropeWave project, requesting approximately €3.75 million to deliver a CETO wave energy prototype at a European test site.

about 3 years ago
UK consultancy takes on work related to FPSO decommissioning in Timor Sea
Business & Finance

UK consultancy takes on work related to FPSO decommissioning in Timor Sea

Energy consultancy Xodus has secured a contract to provide technical and project support services for the decommissioning of a floating production storage and offtake facility (FPSO) located in the Timor Sea off Australia. Xodus will be working on behalf of the Australian Government, providing advic

about 3 years ago
Centrica and Delfin Midstream sign $8 billion LNG supply deal
Business & Finance

Centrica and Delfin Midstream sign $8 billion LNG supply deal

U.K.-based energy company Centrica and U.S.-based LNG export infrastructure development company Delfin Midstream have entered a sale and purchase agreement (SPA) for 1 million tons per annum (MTPA) of LNG for 15 years on a free-on-board (FOB) basis at the Delfin Deepwater Port, located 40 nautical m

about 3 years ago
Vår Energi
Business & Finance

With new acquisition, Vår Energi bolsters its CCS exploration efforts

Vår Energi has acquired Feistein CCS, which is a company focused on maturing large-scale, cost-efficient CO2 storage opportunities.

about 3 years ago
Source: Eco Atlantic
Business & Finance

As drilling ops await govt nod, operator boosts its stake in block off South Africa

Africa Oil Corp. has set out to increase its interest in a block it operates in the Orange Basin off South Africa.

about 3 years ago
BP joins Offshore Energy Exhibition & Conference 2023
Business & Finance

BP joins Offshore Energy Exhibition & Conference 2023

BP, a global leader in the energy industry, has confirmed its participation at Offshore Energy Exhibition & Conference (OEEC) 2023. The company will join as one of the sponsors and exhibitors on what is already becoming a very exciting exhibition floor. Moreover, BP will take part in the OEEC progra

about 3 years ago
Illustration; Source: Borr Drilling
Business & Finance

International offshore rig count activity takes a downward plunge in June

Baker Hughes’ international rig count report shows that the number of offshore rigs experienced a downward trend in June 2023.

about 3 years ago
FPSO Anna Nery together with another unit will replace the P-32 and eight more platforms at the Marlim and Voador revitalisation project; Source: Yinson
Business & Finance

Petrobras’ disposal of FPSO opens doors to Brazilian recycling industry

Petrobras has concluded the auction for the disposal of a platform in Brazil, as part of its new commitment to sustainable ship recycling.

about 3 years ago
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