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Business & Finance

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Illustration/NetBuoy during tank trials (Courtesy of Wave Energy Scotland)
Business & Finance

Scots launch new competition to cut costs of wave energy technology

Wave Energy Scotland (WES) has launched a Direct Generation Concept Design Competition, inviting wave energy specialists, concept designers and solution architects to apply.

about 3 years ago
First deployment of Expro's single valve-subsea solution with 'major operator'
Business & Finance

First deployment of Expro’s single valve-subsea solution with ‘major operator’

Energy services provider Expro has secured a contract with what it says is a “major operator” for the first deployment of its single-valve subsea solution. According to Expro, the multi-functional single shear and seal mechanism will form part of a full subsea deepwater completion/intervention syste

about 3 years ago
California grants record sum for ports’ zero-emission future
Business & Finance

California grants record sum for ports’ zero-emission future

The State of California has granted more than $1.5 billion – including approximately $450 million for zero-emission infrastructure, locomotives, vessels and vehicles – as part of the state’s work to build a more efficient, sustainable and resilient supply chain.

about 3 years ago
Transocean Barents semi-submersible rig; Source: Transocean
Business & Finance

As the offshore drilling market tightens, what’s up with the semi-sub rig fleet?

Westwood underscores that the harsh environment semi-sub market is all sold out, thanks to the offshore drilling market’s upcycle.

about 3 years ago
U.S. to support clean hydrogen economy with up to $1 billion investment
Business & Finance

U.S. to support clean hydrogen economy with up to $1 billion investment

The U.S. Department of Energy (DOE) has released a Notice of Intent (NOI), which includes a Request for Information (RFI), to invest up to $1 billion in a demand-side initiative to support the Regional Clean Hydrogen Hubs (H2Hubs). Funded by President Biden’s Bipartisan Infrastructure Law, the H2Hub

about 3 years ago
Gorgon; Source: Chevron
Business & Finance

Chevron plans more work at its gas project off Australia

Chevron has handed an EP for the installation of an additional control and electrical umbilical to the existing feed gas pipeline system.

about 3 years ago
Illustration; Source: North Sea Transition Authority
Business & Finance

Ithaca, Aker Solutions, Expro, Proserv, and EY back 10-point plan to improve North Sea workers’ mental health

Five energy industry players have given their backing to a charter aimed at improving the mental health of thousands of North Sea workers.

about 3 years ago
Illustration; Source: SLB
Business & Finance

Petrobras embraces digital transformation with SLB’s cloud-based tech to optimise oil & gas production

SLB has been hired on a long-term contract by Brazil’s Petrobras, which is investing in AI and cloud-based technologies to ramp up production.

about 3 years ago
Island Constructor vessel; Source: Island Offshore
Business & Finance

All-clear for Aker BP to deploy well intervention vessel for North Sea ops

Aker BP has received consent from Norway’s regulator to use one of Island Offshore’s vessels for work in the Norwegian North Sea.

about 3 years ago
Noble Discoverer (former Maersk Discoverer) rig; Source: Noble Corp.
Business & Finance

Noble rig booked for drilling ops off Suriname

Noble has won a new contract with Petronas for one of its semi-submersible rigs, which is being hired for drilling activities off Suriname.

about 3 years ago
Geophysical survey about to begin for 'world's longest HVDC subsea cable'
Business & Finance

Geophysical survey about to begin for ‘world’s longest HVDC subsea cable’

A geophysical survey is set to begin this month in the UK for an interconnector that will connect to Morocco, described as the world’s longest HVDC subsea cable. The UK geophysical survey will follow the proposed cable corridor for the Xlinks Morocco-UK Power Project, routing along the North Cornwal

about 3 years ago
Greek TSO enters EuroAsia Interconnector with 25% stake
Business & Finance

Greek TSO enters EuroAsia Interconnector with 25% stake

Greek electricity grid operator Independent Power Transmission Operator (IPTO or Admie) has become a strategic investor in the EuroAsia Interconnector that will link Greece, Cyprus and Israel with the acquisition of a 25 per cent stake. IPTO’s entry into the share capital of EuroAsia Interconnector

about 3 years ago
Valaris DPS-5 rig. Source: Lukoil
Business & Finance

Valaris finds drilling work for three rigs in Gulf of Mexico and Australia

Valaris has secured four new drilling deals for its rig fleet in the Gulf of Mexico and Australia, which boost its backlog further.

about 3 years ago
Island Innovator rig; Source: Island Drilling
Business & Finance

Additional work added to Island Drilling rig’s upcoming job in Africa

Island Drilling Company has secured more drilling work with Trident Energy for its semi-submersible rig offshore Equatorial Guinea.

about 3 years ago
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