Business & Finance
Oil giant BP announces offshore wind bid in Norway
British oil and gas major BP is joining the recently established consortium between Statkraft and Aker Offshore Wind, which is preparing a bid to build an offshore wind farm in Norway. The consortium will propose to develop an offshore wind project in the Sørlige Nordsjø II (SN2) area, with a plan t
Turkey mulls cooperation with Chevron, ExxonMobil on Black Sea find
Turkish authorities have shared data on its Black Sea discovery with a duo of U.S. energy majors with possible gas extraction cooperation in mind.
Equinor makes minor oil discovery in North Sea
Norwegian oil and gas company Equinor has made a minor oil discovery near the Visund field in the North Sea offshore Norway.
In focus: Challenge accepted by oil major while Norway answers offshore wind calls
As the energy transition is unravelling, the industry is paving the way to net-zero by pushing for further emission cuts and new fuels and vessels.
Lancaster issues swell for Hurricane as well trips and shuts down
In addition to facing a wind-down and a wind-up of its Lancaster field, Hurricane Energy has experienced further issues on its field.
James Fisher expands decommissioning capability with new acquisition
James Fisher and Sons has acquired engineering solutions and consultancy firm Subsea Engenuity, extending its current decommissioning capability under James Fisher Offshore (JFO). James Fisher stated that the addition of this innovative technology enhances JFO’s capability by enabling full subsea de
EnQuest inks new $750 million debt facility to finance Golden Eagle deal
EnQuest has signed a new senior secured borrowing base debt facility to enable refinancing and the acquisition of Golden Eagle.
Standard Drilling sheds platform supply vessel
Cyprus-based offshore vessel operator S.D Standard Drilling has entered into a memorandum of agreement (MOA) to sell one of its platform supply vessels.
Big money forcing Big Oil into climate change revolution
With the annual general meeting season now behind us, many oil majors have felt the heat from investors – most prominently BlackRock – or courts to put more effort into accelerating climate action.
Lindblad’s National Geographic Resolution hits the water
Norway’s Ulstein Verft has floated out National Geographic Resolution, Lindblad Expeditions’ expedition cruise vessel designed for polar waters.
Giant vessel removes Morecambe Bay topsides in less than 90 minutes
Giant heavy lift vessel Pioneering Spirit has executed the single-lift removal of the DP3 gas production topsides from Morecambe Bay.
CorPower Ocean takes part in EU-funded VALID project
Swedish company CorPower Ocean has joined the consortium delivering the VALID project, focused on developing a new hybrid platform to test wave energy converters. The mission behind the VALID project is to develop a new hybrid platform to test the reliability and survivability of wave energy convert
Serica preparing to bring third Rhum well online
Serica Energy has completed a flow test on the Rhum R3 well in the UK North Sea with plans to start production in the third quarter of 2021.
Wärtsilä, RINA roll out new dual-fuel propulsion concept
Finnish technology group Wärtsilä and the classification society RINA have announced a novel propulsion design that aims to achieve “immediate compliance with IMO 2023 targets.”